INTRUSION, Inc. Provides Strategic Update
January 25 2022 - 6:15PM
INTRUSION Inc. (NASDAQ: INTZ), a leader in cyberattack prevention
solutions hosted a strategic update conference call on Tuesday,
January 25, 2022. Tony Scott, INTRUSION CEO, discussed the
Company’s go-forward strategy and plans to improve performance and
support stakeholder value.
The key tenets of the strategy update included:
- Broadening Shield product offering to include cloud and
endpoint solutions in the second half of 2022 in addition to high
availability/high throughput solutions to satisfy evolving customer
needs.
- Focused messaging and marketing efforts to highlight how
INTRUSION’s Shield products increase the value and effectiveness of
existing cybersecurity technologies that an organization already
may have in place.
- Repositioning and rightsizing sales and marketing resources to
align with Shield’s growth opportunities.
- Improved go-to-market strategy focused on strategic partners,
VARs, MSPs, and MSSPs.
- Planning capital fund raise to deliver on new market and
product opportunities.
- Commitment to investing in and expanding INTRUSION’s existing
government business with existing and new customers.
"I am incredibly excited to join INTRUSION at this pivotal
moment for the Company and the industry as a whole," stated Tony
Scott, CEO of INTRUSION. "INTRUSION is making the necessary
investments to ensure we are well positioned to participate in the
growing secular demand for cybersecurity threat protection. During
my tenure as the Federal CIO, I saw the limitations of current
cybersecurity offerings. While the cybersecurity market is growing,
and despite the billions of dollars already being spent, companies
and organizations of every size in every industry are challenged by
evolving and sophisticated cybersecurity threats including a
dramatically increased percentage of zero-day attacks. INTRUSION's
Shield product is a unique, novel, and powerful solution that
addresses the threats modern networks face by helping customers see
the previously unseen and unknown undesirable traffic in their
networks.”
Tony Scott continued, “In my first two months at INTRUSION, we
have implemented several operational and strategic initiatives to
align INTRUSION with the opportunities facing the Company. First,
we are simplifying and focusing our messaging and are shifting
toward a more executive-lead sales structure to ensure that
customers and partners understand what Shield does and how it
compliments existing cybersecurity investments. Second, we are
strengthening our sales channel and implementing processes to
facilitate sales growth through a smaller number of premier channel
partnerships. Third, we are advancing a cloud-based software
solution to deploy in the second half of 2022 to meet customer
demand and support our long-term strategy and growth. Fourth, we
are recommitting to investing in and expanding our existing
government business where there is additional opportunity with
existing and new customers. Finally, we are planning to raise
additional capital to properly resource our strategy and goals. We
enter this critical phase for the Company with a renewed resolve to
address the significant opportunities in our growing space. We are
fortunate to have a supportive board of directors and employees who
believe in our strategy and the path forward for INTRUSION. This is
a pivotal time for INTRUSION and the entire organization is excited
about our future."
Tony Scott was appointed CEO of INTRUSION on November 17, 2021,
and recently appointed to its Board of Directors on January 21,
2022. Tony Scott brings to INTRUSION many years of executive
leadership and cybersecurity experience, including serving as
Federal CIO for the U.S. government, CIO for multi-billion-dollar
corporations such as VMware, Microsoft, and The Walt Disney
Company, as well as a private consultant helping organizations
implement effective world class solutions for cybersecurity, IT
governance and crisis management. Prior to his appointment, Scott
had been serving as the founder and CEO of the TonyScottGroup,
LLC., a Washington DC and Silicon Valley-based consulting and
venture capital firm focused on early-stage cybersecurity and
privacy technologies.
About INTRUSION Inc.
INTRUSION, Inc. (NASDAQ: INTZ) protects organizations by
leveraging advanced threat intelligence with real time artificial
intelligence to kill cyberattacks as they occur – including
zero-days. INTRUSION’s solution family includes INTRUSION SHIELD,
an advanced cyber-defense solution that kills cyberattacks in
real-time using artificial intelligence (AI) and advanced threat
intelligence. For more information, please visit
www.intrusion.com.
Cautionary Statement Regarding Forward-Looking
Information
This release may contain certain forward-looking statements,
including, without limitations, statements about the performance of
protections provided by our INTRUSION Shield product, as well as
any other statements which reflect management’s expectations
regarding future events and operating performance. These
forward-looking statements speak only as of the date hereof and
involve a number of risks and uncertainties, including, without
limitation, the risks that our current and expected products and
solutions do not or will not perform as anticipated or fail to meet
with widespread market acceptance, or that our current operational
and marketing strategies may not be effective. 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 ContactAlpha IR GroupMike Cummings or David
FreundINTZ@alpha-ir.com
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