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Railtown AI Achieves SOC 2 Type II Compliance Certification
SOCSable Offshore(SOC) Newsfile·2024-11-22 12:30

Core Points - Railtown AI Technologies Inc. has achieved SOC 2 Type II certification, highlighting its commitment to data security, privacy, and compliance [1][2] - The certification was awarded after an independent audit that assessed the company's internal controls and policies for handling customer data based on five trust service criteria: security, availability, processing integrity, confidentiality, and privacy [2] - The CEO of Railtown AI expressed pride in the certification, emphasizing the company's dedication to safeguarding client data and enhancing its reputation as a trusted partner [3] Stock Options - The company granted 2,800,000 incentive stock options to employees, directors, officers, and consultants, with an exercise price of $0.50 per share, expiring on November 22, 2029 [4] - Following these grants, the total number of options issued by the company is 7,175,000, representing 5.4% of the issued and outstanding share capital [5] Company Overview - Railtown AI is a Microsoft Partner and offers a cloud-based Application General Intelligence™ Platform called Conductor, which aims to enhance developer productivity through AI and automation [6][7] - The Conductor platform is designed to help software companies and developers save time, improve productivity, reduce costs, and accelerate developer velocity [7]