Mr. Paul Andreola reports
NAMESILO TECHNOLOGIES CORP. SUBSIDIARY COMPLETES $560,000 SALE
Namesilo Technologies Corp.'s subsidiary, SewerVUE Technology Corp., has completed the manufacture, sale and delivery of its newest-version multisensor pipe inspection float for approximately $560,000 to one of the world's largest multinational environmental service and utility companies.
SewerVUE has pioneered large-diameter pipe inspection technology with innovations such as pipe-penetrating radar and multisensor inspections to ensure its partners and clients have reliable, comprehensive data to make proper and well-informed decisions when it comes to rehabilitating critical linear infrastructure. Using multisensor tools such as lidar, sonar, HD-CCTV and pipe-penetrating radar, SewerVUE provides high-quality data to measure, analyze and make informed decisions when repairing, maintaining or building critical pipeline infrastructure.
SewerVUE chief executive officer Nick Goertz stated: "This is an exciting time for the company. With an expanding track record of high-profile customers and access to capital, SewerVUE is well positioned to expand market share."
The company also announces that its subsidiary, Namesilo LLC, implemented an upgraded security policy to protect against unauthorized name server changes. Recently, Namesilo was subject to a security breach incident resulting in an unauthorized change to a customer's name server. Namesilo immediately took action to rectify this security breach. The company views the financial impact of the breach as immaterial to its operating results.
About Namesilo Technologies Corp.
Namesilo invests its capital in companies and opportunities which management believes are undervalued and have potential for significant appreciation. The company makes investments in both public and private markets, and focuses on opportunities in a wide variety of industries excluding the resource and resource service sectors. Namesilo does not invest on behalf of any third party, and it does not offer investment advice.
Namesilo LLC is a low-cost provider of domain name registration and management services. As an accredited ICANN registrar, Namesilo is one of the fastest-growing domain registrars in the world with approximately 5.7 million active domains under management from approximately 160 countries.
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