Kingnet Security to Distribute Network-1 Intrusion Prevention Solution in China
WALTHAM, Mass.–(BUSINESS WIRE)–May 30, 2002–
Network-1 Signs Leading China Distributor to Expand Asian Sales Channels for CyberwallPLUS
Network-1 Security Solutions, Inc. (Nasdaq: NSSI; Boston Stock Exchange: NWT), a technology leader in intrusion prevention software, today announced a strategic relationship with Kingnet Security Inc. The strategic relationship enables Kingnet, a leading intrusion detection system provider, to offer Network-1’s CyberwallPLUS family of security solutions to its network of resellers and distributors in China.
With over 100 distributors and solution providers, Kingnet is a leading supplier of security products and services in China. In addition to monitoring and managing their clients’ network security, Kingnet offers end users full lifecycle security services, such as risk management, policy formation, plan design, project implementation, and emergency response, providing integrated, multi-layer IT security.
By combining Kingnet Intrusion Detection Scanner (KIDS) and the CyberwallPLUS product line, IT organizations will benefit from a multi-layered, distributed intrusion protection suite for Web and application servers, Intranets, networks and host systems. Kingnet’s channel partners will begin offering this additional layer of network security protection to their customers immediately.
“Enterprises in China urgently need network and information security solutions from companies who specialize in these technologies,” said Kingnet CEO Oliver Zou. “The addition of Network-1’s CyberwallPLUS suite of intrusion prevention products to Kingnet’s other offerings greatly increases our ability to deliver robust network security solutions to our customers.”
“This agreement with Kingnet extends the breadth of our sales channels in the Asian market and underscores our commitment to being a leading provider of intrusion prevention solutions in China,” said Alex Chen, Network-1 vice president and general manager, Asia. “We are pleased to partner with a leading vendor and distributor such as Kingnet to expand the market for Network-1’s CyberwallPLUS suite of intrusion prevention solutions.”
About Network-1 Security Solutions, Inc.
Network-1 Security Solutions, Inc. (Nasdaq: NSSI;, Boston Stock Exchange: NWT) is a technology leader in server and workstation intrusion prevention software, combining firewall and intrusion detection capabilities directly on critical servers, desktops, and mobile computers. Distributed intrusion prevention protects against abuses by those with “insider access” and provides multiple layers of defense against breaches by outsiders. Security conscious organizations are using CyberwallPLUS as an integral component of their “defense in depth” security strategies. For additional details about the Company and its products visit www.network-1.com, or call 800-NETWRK1 or 781-522-3400.
Certain of the above statements contained in this press release contain 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 (the “Exchange Act”). Actual results, events and circumstances (including future performance, results and trends) could differ materially from those set forth in such statements due to various factors, risks and uncertainties, including but not limited to, risks associated with the Company’s future growth and operating results, the uncertainty associated with obtaining sufficient financing, the uncertainty of market acceptance of the Company’s products, technological change, competitive factors and general economic conditions. Except as otherwise required to be disclosed in periodic reports required to be filed by companies registered under the Exchange Act by the rules of the Securities and Exchange Commission, the Company has no duty and undertakes no obligation to update such statements.
CyberwallPLUS is a trademark of Network-1 Security Solutions, Inc. All other product, trademark, company or service names mentioned are the property of their respective owners.