NETGEAR to Join the Open Security and Safety Alliance
September 23 2019 - 8:30AM
Today, NETGEAR®, Inc. (NASDAQ:NTGR), the leading provider of
networking products that power today’s small and medium businesses,
announced that the company has joined the Open Security and Safety
Alliance (OSSA) to align with leading camera and video management
vendors and further develop innovative solutions for video
surveillance and physical security products in general.
The physical security industry anticipates an
explosive growth in the next ten years both in security IoT devices
and in the increasingly sophisticated use of data captured by the
IoT devices. This growth must be sustained by a robust end-to-end
intelligent and secure architecture, spanning across an intranet
and the internet. NETGEAR, a proven leader in the SMB networking
industry, has shipped millions of products annually connecting tens
of millions of devices through the NETGEAR network infrastructure.
Supported by a comprehensive and advanced set of network features,
the widest range of product, and a proven cloud infrastructure,
NETGEAR has a reputation of security, durability, reliability, and
ease-of-use, at affordable price points. With surveillance cameras
running applications and connecting to cloud-based services to
enable the use of Artificial Intelligence and Machine Learning, the
need to safeguard these connections via a robust and secure network
becomes increasingly more crucial.
As private and state-sponsored cyber-attack
activities have been on the rise, the security and safety of video
data have become of paramount concern among manufacturers, service
providers and their customers. NETGEAR is uniquely qualified to
address this concern with the Insight network management solution.
The NETGEAR Insight remote management system provides secure cloud
management services for millions of connected network devices. From
the Insight cloud portal, or even from the Insight app from a smart
phone, security service providers can now remotely manage network
connections to cameras and quickly detect any interruptions in
service or malicious activities.
“We at NETGEAR believe that there will be an
exponential growth of surveillance IoT devices running through IP
networks, both wired and wireless, in the next decade. An
end-to-end security architecture will be the bedrock of the
surveillance network,” said Richard Jonker, vice president of
product management for SMB products at NETGEAR. “We are looking
forward to working with like-minded companies to develop a platform
that will power the surveillance industry for years to come.”
Why OSSA?The alliance is a
collaboration initiative that brings together like-minded
organizations to develop standards and specifications for common
components, including an operating system, IoT infrastructure,
collective approach for data security and privacy, and a drive for
improved levels of performance for security and safety
solutions.
Today, this alliance represents many leading
companies in the security, safety, building automation solutions,
and associated industries.
The OSSA initiative will help the surveillance
market and its vendors to focus on the aspects that significantly
add value for their customers and open up new application
possibilities, even beyond security and safety.
Visit NETGEAR.com to learn more about NETGEAR
Insight worry-free cloud network management, PoE switches and
ReadyNAS network attached storage.
About NETGEAR, Inc.NETGEAR®
(NASDAQ: NTGR) has pioneered advanced networking technologies for
homes, businesses, and service providers around the world since
1996 and leads the industry with a broad range of award-winning
products designed to simplify and improve people’s lives. By
enabling people to collaborate and connect to a world of
information and entertainment, NETGEAR is dedicated to delivering
innovative and advanced connected solutions ranging from mobile and
cloud-based services for enhanced control and security, to smart
networking products, video over Ethernet for Pro AV applications,
and performance gaming routers to enhance online game play. The
company is headquartered out of San Jose, Calif. with offices
located around the globe. More information is available from the
NETGEAR Investor Page or by calling (408) 907-8000. Connect with
NETGEAR: Twitter, Facebook, Instagram and the NETGEAR blog at
NETGEAR.com.
©2019 NETGEAR, Inc. NETGEAR and the NETGEAR logo
are trademarks and/or registered trademarks of NETGEAR, Inc. and/or
its affiliates in the United States and/or other countries. Other
brand and product names are for identification purposes only and
may be trademarks or registered trademarks of their respective
holder(s). The information contained herein is subject to change
without notice. NETGEAR shall not be liable for technical or
editorial errors or omissions contained herein. All rights
reserved.
* Actual data throughput and wireless coverage
will vary. Network conditions and environmental factors, including
volume of network traffic, building materials and construction, and
network overhead, lower actual data throughput rate and wireless
coverage. NETGEAR makes no express or implied representations or
warranties about this product’s compatibility with any future
standards.
Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995 for NETGEAR,
Inc.: This press release contains forward-looking
statements within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. Specifically, statements concerning
NETGEAR's business and the expected performance characteristics,
specifications, reliability, market acceptance, market growth,
specific uses, user feedback and market position of NETGEAR's
products and technology are forward-looking statements within the
meaning of the Safe Harbor. These statements are based on
management's current expectations and are subject to certain risks
and uncertainties, including, without limitation, the following:
the actual price, performance and ease-of-use of NETGEAR's products
may not meet the price, performance and ease-of-use requirements of
customers; product performance may be adversely affected by real
world operating conditions; failure of products may under certain
circumstances cause permanent loss of end user data; new viruses or
Internet threats may develop that challenge the effectiveness of
security features in NETGEAR's products; the ability of NETGEAR to
market and sell its products and technology; the impact and pricing
of competing products; and the introduction of alternative
technological solutions. Further information on potential risk
factors that could affect NETGEAR and its business are detailed in
the Company's periodic filings with the Securities and Exchange
Commission. NETGEAR undertakes no obligation to release publicly
any revisions to any forward-looking statements contained herein to
reflect events or circumstances after the date hereof or to reflect
the occurrence of unanticipated events.
Source: NETGEAR-G
U.S. Media Contact: Nathan
Papadopulos, (408) 890-3889, NPapadopulos@netgear.comU.S.
Sales Inquiries: (408) 907-8000,
sales@netgear.com
NETGEAR (NASDAQ:NTGR)
Historical Stock Chart
From Aug 2024 to Sep 2024
NETGEAR (NASDAQ:NTGR)
Historical Stock Chart
From Sep 2023 to Sep 2024