Oculus OVTZ

Oculus Inc. is a Canadian-based development-stage technology company headquartered in Vancouver, British Columbia, that focuses on cyber security, data privacy and data protection solutions for enterprise business customers. The firm was originally incorporated in 1986 as First Commercial Financial Group Inc. and underwent a series of name changes, becoming Oculus VisionTech Inc. in 2012 and adopting its current name, Oculus Inc., in January 2025. Its core activities centre on developing software-as-a-service platforms that address regulatory requirements such as the General Data Protection Regulation (GDPR), the California Consumer Privacy Act (CCPA), the Colorado Privacy Act (CPA), the Virginia Consumer Data Protection Act (CDPA) and Brazil's Lei Geral de Proteção de Dados (LGPD). The company's flagship offering, Forget-Me-Yes® (FMY), is a SaaS platform designed to provide continuous right-to-be-forgotten and right-to-erase compliance through automated policy-driven re-query services and a zero-knowledge architecture that employs hybrid polymorphic encryption to secure user interfaces, data in transit and data at rest. A second product line, ComplyTrust® SaaS Suite (CTSS), supplies a set of cloud-native tools for data governance, compliance reporting and visualization across multiple accounts, regions and services. The legacy Cloud Document Protection System (Cloud-DPS) applies the company's proprietary digital watermarking technology, originally created for video streaming and video-on-demand, to create tamper-proof, auditable documents by embedding imperceptible watermarks that reveal any unauthorized modification. Oculus Inc. also continues to explore the use of its watermarking technology for secure video content distribution and source-to-destination media delivery over Internet, intranet, satellite or wireless links.

Oculus Inc. presently does not generate revenue, as the filing reports sales of $nil for the nine-month period ended September 30, 2025 and for the comparable period in 2024. The company intends to monetize its technology through subscription-based sales of its Forget-Me-Yes®, ComplyTrust® and Cloud-DPS platforms, as well as through licensing of its digital watermarking technology and API microservices to third-party partners. Specific near-term goals outlined in the filing include demonstrating proof of concept for Forget-Me-Yes® with selected commercial projects, adding connectors for database-as-a-service providers such as MySQL, NoSQL and SQL databases, and licensing the FMY API for integration with external applications. For ComplyTrust®, the company plans to launch an initial Amazon Web Services-based tool to help AWS customers manage data protection and compliance, with subsequent expansion to other cloud platforms and third-party integrations. Additionally, Oculus Inc. seeks industry recognition for the architectural differences of its FMY zero-knowledge approach, its ComplyScan® compliance validation tool and the tamper-proof functionality of its Cloud-DPS product, aiming to convert this recognition into recurring sales and support revenue streams. To fund these initiatives, management forecasts a requirement of between $3 million and $5 million in additional financing for fiscal 2025, which it expects to obtain through the sale of equity securities.

Oculus Inc. operates in a highly competitive market for data privacy and compliance solutions where a number of established vendors offer similar regulatory-technology products. The company distinguishes itself through its proprietary zero-knowledge architecture embedded in the Forget-Me-Yes® platform, which ensures that even the service provider cannot access user data, a feature that is uncommon among many competing offerings. Its digital watermarking technology, derived from a legacy in video-streaming and video-on-demand, provides a unique method for document authentication and tamper evidence that is not widely replicated in the data-privacy sector. Furthermore, Oculus Inc. emphasizes a cloud-native, microservices-based design that allows its products to be deployed as turnkey SaaS solutions or as modular components that integrate with existing enterprise systems, a flexibility that addresses the heterogeneous infrastructures of modern organizations.

Oculus Inc. serves enterprise customers that need assistance with data-subject-access-requests, data-erasure obligations, secure document handling and compliance with evolving privacy statutes across jurisdictions. These customers span industries such as finance, health care, technology, retail and any organization that processes personal information subject to GDPR, CCPA, LGPD or comparable regulations. The filing does not disclose specific client names, indicating that the company's customer base remains confidential or is still in the early stages of commercial adoption.