INTRUSION Provides Information Refuting Negative Claims in Recently Published Short Report
April 22 2021 - 3:08PM
INTRUSION, Inc. (NASDAQ: INTZ), a
leading provider of cyberattack prevention solutions including
Zero-Days, was the subject of a short report issued on April 14,
2021.
As a result of the publication of this short
report, several law firms have announced purported investigations
into INTRUSION, with one firm filing a class
action suit in the Eastern District of Texas on April 16, 2021
naming the Company’s chief executive officer and chief financial
officer as defendants. This suit primarily repeats the allegations
set forth in the short report.
INTRUSION believes the claims in
the lawsuit are utterly without merit and intends to defend itself
vigorously.
At this time, INTRUSION wishes to
offer the following facts in contradiction of the findings of the
short report and the allegations contained in the lawsuit:
- INTRUSION
Shield is protected by two patents on existing
technology: 8,291,058 and 8,472,449. In addition, the Company filed
additional patents for Shield on August 20, 2020
which are currently pending.
- The Shield
application – including the logic for Shield’s
high-speed packet capture; connection reassembly; traffic decoding
and analysis; patented packet file system; patented accumulators
for performance; and kill logic – is proprietary
INTRUSION-developed software containing over 1.1
million lines of code. The Shield application runs
on a standard server hardware platform. The platform is based on
certain open-source technologies such as the Linux operating system
and uses open-source databases and libraries for data storage and
secure communication layers, which is very common in security
appliances.
- Shield is separate
and distinct from its INTRUSION
TraceCop offering. Shield
leverages the TraceCop database to train
Shield’s AI engine and drive its accuracy.
- Shield is in the
early stage of its customer rollout and various companies,
including Kimberly-Clark, Lippert Components, NovaTech, and others
have entered into multi-year agreements for
Shield.
- INTRUSION has the
required certifications to ship Shield to every
jurisdiction where it is being sold.
- Shield is categorized
as a Network Defense and Response (NDR) product designed to kill
malicious connections on a network as opposed to creating alerts
about suspicious traffic that tend to overwhelm IT departments and
provide notifications often after damage is done to a company’s
network and data.
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.”
IR Contact
Joel Achramowicz
jachramowicz@sheltongroup.com
P: 415-845-9964
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