I don't like that this is piggybacking on the recognizable name of an open standard and not-for-profit software while being considerably less open (Where's the RFC? Where's the source code?) and being for-profit. This is a bit like calling your company "Red Cross Pharmaceuticals" despite not being affiliated with them.
I'm pretty sure the original PGP program was (and maybe still is?) a for-profit product.
> It was this bill that led me to publish PGP electronically for free that year [1991]
https://www.philzimmermann.com/EN/essays/WhyIWrotePGP.html
> It was on this day in 1991 that I sent the first release of PGP to a couple of my friends for uploading to the Internet. First, I sent it to Allan Hoeltje, who posted it to Peacenet, an ISP that specialized in grassroots political organizations, mainly in the peace movement. [...] Then, I uploaded it to Kelly Goen, who proceeded to upload it to a Usenet newsgroup that specialized in distributing source code.
https://www.philzimmermann.com/EN/news/PGP_10thAnniversary.h...
Symantec later bought it and things changed, but thanks to there being an open standard (OpenPGP) and RFCs, people can and did write compatible software. With varying degrees of compatibility, admittedly.