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Identillect partners with SPHER Inc. to provide email Security to their clients alongside their already robust Security Solutions

September 19, 2018

IRVINE, Calif., Sept. 19, 2018 (GLOBE NEWSWIRE) -- Identillect Technologies Corp. (the “Company” or “Identillect”) (TSX-V: ID ) (OTCQB:IDTLF) (Frankfurt: 8ID ), a trusted leading provider of compliant email security, is pleased to announce its partnership with SPHER Inc., a cybersecurity technology company that detects day-to-day threats of patient privacy violations. The partnership provides SPHER customers another layer of security, providing the ultimate protection for their patients.

SPHER Inc. combines proven product development and deep healthcare expertise to deliver one of the top solutions for protecting patient data. SPHER Inc. is a leading SaaS-based national healthcare privacy & security solutions company directly involved in the monitoring of unauthorized access of mission critical Electronic Protected Health Information (ePHI) as it relates to HIPAA Audit Log Monitoring, HIPAA Compliance Criteria, HITECH Meaningful Use Compliance, and Security Risk Assessments (SRA). SPHER’s tailored machine learning and pattern recognition architecture consistently monitors, analyzes, and alerts any-sized compliance group and Privacy Officers of abnormal user account activity.

Raymond Ribble, President of SPHER states, “SPHER provides advanced patient privacy monitoring technology to HIPAA regulated organizations throughout the United States, and secure communication is essential to patient protection. We are proud to integrate Delivery Trust to expand secure communication for the medical organizations we service.”

As continued growth occurs in healthcare technology there is a greater need to utilize advanced software to accommodate growth and ensure maximum efficiency and security. The anticipated growth is to increase almost 30% in the next 5 years, creating significant demand for software companies like Identillect and SPHER, Inc.. The global market for healthcare should reach nearly $14.9 billion by 2022 at a compound annual growth rate (CAGR) of 15.8%.

Todd Sexton, CEO of Identillect comments, “We are extremely pleased to integrate Delivery Trust email security to SPHER’s client offering. SPHER’s robust activity monitoring software provides a vital aspect of protecting patient data. As with Delivery Trust, SPHER fills a significant need in the medical community and we see both software offerings expanding in the months to come.”

The Health Insurance Portability and Accountability Act (HIPAA) is legislation focused on data privacy and security for medical information. As a result of increasing cybersecurity threats, the rules surrounding internet security were enhanced to protect confidential patient information. In a recent HIMSS Survey, over the past 12 months, 75.7% of respondents said they had experienced a recent significant security incident, 61.4% of respondents said email was the main initial point of compromise. As this problem continues to grow, it is critical that businesses in all industries and especially within HIPAA, where there is an inordinate amount of personal data, utilize encryption.

On Behalf of the Board of Directors of:

IDENTILLECT TECHNOLOGIES CORP.

Todd Sexton Chief Executive Officer Tel: (949) 468-7878 Email: todd.sexton@identillect.com

About IdentillectIdentillect Technologies is the leading provider of email encryption service Delivery Trust®, empowering enterprises of all sizes to protect their business and their client’s critical information against cyber security attacks.

Delivery Trust® is an award-winning, multi-platform plug-in, which gives users complete control of their emails, for one low price. One simple integration complies with all regulations and most importantly provides peace of mind.

For more information, or your free trial, please visit www.identillect.com

About SPHER, Inc.SPHER brings 20+ years of experience in healthcare systems development for companies in the US and globally including delivery of tailored and progressive solutions to national and regional healthcare providers. SPHER Inc. combines proven product development and deep healthcare expertise to deliver one of the top solutions for protecting patient data. SPHER Inc. is a leading SaaS-based national healthcare privacy & security solutions company, directly involved in the monitoring of unauthorized access of mission critical ePHI as it relates to HIPAA Audit Log Monitoring, HIPAA Compliance Criteria, HITECH Meaningful Use Compliance, and Security Risk Assessments (SRA). SPHER’s tailored machine learning and pattern recognition architecture consistently monitors, analyzes, and alerts any-sized compliance group and Privacy Officers of abnormal user account activity. This capability enables a healthcare business to rapidly identify and accurately remediate suspicious incidents that may be indicative of a breach, across any ePHI.

For more information, please visit https://www.spherinc.com/

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.

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