Cyberloq Technologies, Inc. (OTC: CLOQ)

Cyberloq Technologies, Inc. is a development-stage technology company focused on fraud prevention, operating within the cybersecurity industry. The company offers proprietary software platforms designed to combat fraudulent transactions and unauthorized access to digital assets. Cyberloq Technologies, Inc. was incorporated in Nevada on February 5, 2008, initially under the name Advanced Credit Technologies, Inc., and later rebranded to its current name on November 20, 2019.

The company generates revenue through its proprietary software platforms, primarily targeting institutional clients. Its main products include CyberloQ, a multi-factor authentication (MFA) protocol technology, and TurnScor, a web-based platform for credit monitoring and management. Additionally, the company offers the CyberloQ Vault, a cloud-based security protocol for secure data transmission. While specific customer names are not disclosed, the company's services are aimed at institutional clients, particularly in the banking sector, where fraud prevention and secure data transmission are critical.

• CyberloQ: This segment focuses on the company's flagship MFA protocol technology, which uses a customer's smartphone to control access to various digital assets. The technology is integrated into the banking ecosystem and is designed to prevent fraudulent transactions and unauthorized access. The CyberloQ Vault, an extension of this segment, provides a secure cloud-based solution for sending and receiving confidential data, ensuring that encrypted data is unusable without proper authentication.

• TurnScor: This segment offers a web-based proprietary software platform that allows individuals to monitor and manage their credit from the privacy of their own homes. While individuals can sign up for TurnScor independently, the company also markets this service to institutional clients as a value-added benefit.

Cyberloq Technologies, Inc. operates in a competitive industry with several key players in the cybersecurity and fraud prevention sectors. While specific competitors are not mentioned in the filing, the company's competitive advantages lie in its proprietary technology and strategic partnerships. The CyberloQ platform has been successfully integrated into the banking ecosystem, and the company has streamlined its services to increase scalability. Additionally, the acquisition of the CyberloQ technology in the third quarter of 2017 positions the company as the exclusive owner, potentially providing a unique advantage in the market.

The company's customer base primarily consists of institutional clients, particularly in the banking sector. While specific customer names are not disclosed, the focus on institutional clients indicates a target market that values robust fraud prevention and secure data transmission solutions. The company's services are designed to meet the needs of clients who require high levels of security for their digital transactions and data management.