INTRUSION Q1 2021 Results Surpass Expectations
April 13 2021 - 9:01AM
INTRUSION, Inc. (NASDAQ: INTZ), a leading provider
of cyberattack prevention solutions including Zero-Days, announced
today that it finished the first quarter of 2021 surpassing
expectations. Highlights from the quarter include:
- INTRUSION
Shield is now protecting over 50,000
seats (almost 8x the company’s original
Q1 goal)
- Hired new Chief Sales
Officer, Darryl Athans, to drive continued growth
- Signed over 30 channel
partners including resellers in Australia and Mexico
- Company now able to sell latest
innovation, Shield, globally
Since announcing the general availability of
Shield in January 2021, the company wasted no time
ramping up its go-to-market activities to finish the first quarter
with several key wins. INTRUSION recently announced manufacturing
giants Kimberly-Clark and Lippert Components signing on as
Shield customers, with other customer additions
including KBI and Geocent adopting Shield to
protect their networks.
Robert A. Savoie, Ph.D. and CEO of
Geocent, observed:
“The type of work we do requires an
uncompromising approach to securing our networks. At first, I was
skeptical about the claims INTRUSION made with
regard to its Shield solution. However, once it
was installed and I saw what it was able to do, I knew it was a
must-have component of our layered defenses.”
Fernando Lopez, CEO of Teledinamica
Mexico, suggested:
“We have been selling security products for
eight years. Shield stands apart from anything we
have ever seen before with its ability to kill all malicious
connections with 99.999 percent accuracy. We believe that the
momentum from the first quarter set the tone for a great year for
both our company and our partnership with
INTRUSION.”
Jack Blount, President and CEO of
INTRUSION, shared:
“We are delighted by the early wins for
Shield. Companies are seeing the value that
Shield instantly delivers and are wasting no time
getting it implemented. Between big customer wins, a growing
network of engaged channel partners, and getting approval to sell
our real-time, AI based Shield globally, we are
exceptionally well-positioned as we head into the second quarter
and beyond.”
Blount went on to say, “Hiring Darryl Athans as
Chief Sales Officer was a key part of our plan for this year. We
needed a sales leader with deep expertise in selling globally.
Darryl and our recently hired CMO, Gary Davis, will work on our
growth strategy abroad as we head into the balance of this
year.”
Darryl Athans, CSO of INTRUSION,
added:
“It’s a great time to
join INTRUSION. Having spent 25 years of my
career in the cybersecurity space and having launched
industry-first cyber solutions such as the world’s first Web
Application Firewall, Resource Access Control for Open Systems, and
pioneering Privileged Identity Management solutions, I had a very
good idea of what the solution landscape looked
like. Shield is a true game-changer that
will reshape what it means to defend our critical information
assets and networks from an ever-changing and ever-increasing
threat capability.”
About INTRUSION, Inc.
INTRUSION, Inc. (NASDAQ: INTZ)
protects any-sized company by leveraging advanced threat
intelligence with real-time artificial intelligence to kill
cyberattacks as they occur – including zero-days.
INTRUSION’s solution families include
INTRUSION Shield, an advanced
cyber-defense solution that kills cyberattacks in real-time using
artificial intelligence (AI) and advanced cloud threat
intelligence; INTRUSION TraceCop™
for identity discovery and disclosure; and
INTRUSION Savant™ for network
data mining and advanced persistent threat detection. For more
information, please visit www.intrusion.com.
Cautionary Statement Regarding Forward
Looking Information
This release may contain certain forward-looking
statements, which reflect management's expectations regarding
future events and operating performance and speak only as of the
date hereof. These forward- looking statements involve a number of
risks and uncertainties. These statements are made under the "safe
harbor" provisions of the Private Securities Litigation Reform Act
of 1995 and involve risks and uncertainties which could cause
actual results to differ materially from those in the
forward-looking statements, including, risks that we have detailed
in the Company's most recent reports on Form 10-K and Form 10-Q,
particularly under the heading “Risk Factors.”
PR Contact
Jill Petersen
jpetersen@willowstagency.com
P: 206-683-5225
IR Contact
Joel Achramowicz
jachramowicz@sheltongroup.com
P: 415-845-9964
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