HAIFA, Israel, February 9, 2017 /PRNewswire/ --
Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit
Systems") today announced that its subsidiary, Cyberbit Ltd.
("Cyberbit") was awarded a contract from the enterprise software
provider Infor (US), Inc. ("Infor") for the supply of Cyberbit's
Endpoint Detection and Response ("EDR") security platform to be
used to support Infor's internal cyber protection. The contract is
in an amount that is not material to Elbit Systems.
Infor selected Cyberbit for its significant experience,
technical acumen, and outstanding customer references, and is
pleased to have Cyberbit complement its detection capability in
this increasingly complex environment of Cyber threats.
Cyberbit's EDR platform uses a signature-less approach, proven
to detect unknown threats that bypass antivirus and next-generation
endpoint security platforms, while minimizing false positives. The
EDR platform continuously records millions of low-level endpoint
events across the network and rapidly correlates traces of
malicious activity to verify an attack within seconds. Once an
attack is detected, the entire storyline is displayed, enabling the
platform to respond or provide the analyst with the necessary
information to investigate the attack.
"We are excited to be working with Infor to complement their
forward-thinking IT security strategy," said Stephen Thomas, VP Sales at Cyberbit.
"Innovative IT organizations such as Infor's are adapting this
proactive detection-based strategy and I look forward to supporting
their organization."
About Elbit Systems
Elbit Systems Ltd. is an international high technology company
engaged in a wide range of defense, homeland security and
commercial programs throughout the world. The Company, which
includes Elbit Systems and its subsidiaries, operates in the areas
of aerospace, land and naval systems, command, control,
communications, computers, intelligence surveillance and
reconnaissance ("C4ISR"), unmanned aircraft systems, advanced
electro-optics, electro-optic space systems, EW suites, signal
intelligence systems, data links and communications systems, radios
and cyber-based systems. The Company also focuses on the
upgrading of existing platforms, developing new technologies for
defense, homeland security and commercial applications and
providing a range of support services, including training and
simulation systems.
For additional information, visit: www.elbitsystems.com, follow
us on Twitter or visit our official Youtube Channel
About Infor
Infor builds business software for specific industries in the
cloud. With 15,000 employees and over 90,000 customers in more than
170 countries, Infor software is designed for progress. To learn
more about Infor, please visit www.infor.com.
This press release contains forward-looking statements (within
the meaning of Section 27A of the Securities Act of 1933, as
amended and Section 21E of the Securities Exchange Act of 1934, as
amended) regarding Elbit Systems Ltd. and/or its subsidiaries
(collectively the Company), to the extent such statements do not
relate to historical or current fact. Forward-looking
statements are based on management's expectations, estimates,
projections and assumptions. Forward-looking statements are
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, as amended. These
statements are not guarantees of future performance and involve
certain risks and uncertainties, which are difficult to predict.
Therefore, actual future results, performance and trends may
differ materially from these forward-looking statements due to a
variety of factors, including, without limitation: scope and length
of customer contracts; governmental regulations and approvals;
changes in governmental budgeting priorities; general market,
political and economic conditions in the countries in which the
Company operates or sells, including Israel and the
United States among others; differences in anticipated and
actual program performance, including the ability to perform under
long-term fixed-price contracts; and the outcome of legal and/or
regulatory proceedings. The factors listed above are not
all-inclusive, and further information is contained in Elbit
Systems Ltd.'s latest annual report on Form 20-F, which is on file
with the U.S. Securities and Exchange Commission. All
forward-looking statements speak only as of the date of this
release. The Company does not undertake to update its
forward-looking statements.
Elbit Systems Ltd., its logo, brand, product, service and
process names appearing in this Press Release are the trademarks or
service marks of Elbit Systems Ltd. or its affiliated companies.
All other brand, product, service and process names appearing
are the trademarks of their respective holders. Reference to
or use of a product, service or process other than those of Elbit
Systems Ltd. does not imply recommendation, approval, affiliation
or sponsorship of that product, service or process by Elbit Systems
Ltd. Nothing contained herein shall be construed as conferring by
implication, estoppel or otherwise any license or right under any
patent, copyright, trademark or other intellectual property right
of Elbit Systems Ltd. or any third party, except as expressly
granted herein.
Company Contact:
Joseph Gaspar,
Executive VP &CFO
Tel: +972-4-8316663
j.gaspar@elbitsystems.com
Dalia Rosen, VP, Head
of Corporate Communications
Tel: +972-4-8316784
dalia.rosen@elbitsystems.com
Elbit Systems Ltd.
IR Contact:
Ehud Helft
Gavriel Frohwein
GK Investor Relations
Tel: +1-646-688-3559
elbitsystems@gkir.com
SOURCE Elbit Systems Ltd