REG-Crossword Cybersecurity plc: Crossword creates Cyber Security Spin Out <Origin Href="QuoteRef">CCP.L</Origin> <Origin Href="QuoteRef">CCSC.ISD</Origin>

CelticAnnouncement

05/04/2016 14:35

PRESS RELEASE

CROSSWORD CREATES SMART CITIES CYBER SECURITY SPIN OUT COMPANY WITH COVENTRY UNIVERSITY
                                                     
Crossword  Cybersecurity Plc (ISDX: CCS, "Crossword") and Coventry University have created a new  spin  out
venture,  CyberOwl Ltd, to commercialise leading edge cyber security research into target  centric  network
monitoring aimed at the rapidly growing Smart Cities arena.

The academic founder of CyberOwl, Dr Siraj Shaikh, Reader in Cyber Security at Coventry University, and his
team  has  conducted  extensive research in the area of threat attribution and  monitoring  using  advanced
Bayesian analytics. This research is directly applicable to cyber security in Smart Cities and
the  Internet  of  Things.  Coventry  University has assigned the intellectual  property  and  Mercia  Fund
Management has provided seed funding to CyberOwl Ltd.

Tom  Ilube,  Crossword's CEO said "We are delighted to be working with Coventry University and Mercia  Fund
Management  on CyberOwl. Target centric network monitoring addresses emerging cyber security challenges  in
the projected USD 400Bn Smart Cities sector and CyberOwl will take this breakthrough research to market".

"It  is vital that leading edge British cyber security research has real world impact" commented Dr Shaikh,
Reader  in  Cyber Security at Coventry University and Director of CyberOwl. "Our new venture with Crossword
will  help  ensure  that future Smart Cities can take advantage of major advances in the very  large  scale
network monitoring approaches that we have pioneered at Coventry University."

The Directors accept responsibility for this statement.

FOR FURTHER INFORMATION PLEASE CONTACT:

Tom Ilube - CEO, Crossword Cybersecurity Plc
www.crosswordcybersecurity.com
Tel: +44 (0)208 973 2350
Email: info@crosswordcybersecurity.com
Twitter: @crosswordcyber

Dr Siraj Ahmed Shaikh, Coventry University
http://www.coventry.ac.uk/
Email: s.shaikh@coventry.ac.uk
Twitter: @CovUniResearch

ISDX Corporate Advisor
Nick Michaels and Jon Isaacs, Alfred Henry Corporate Finance Limited
www.alfredhenry.com
Tel: +44 207 251 3762


About Crossword Cybersecurity

Crossword  Cybersecurity  is  a  technology commercialisation company focusing  exclusively  on  the  cyber
security sector. Crossword works with research intensive European university partners to identify promising
cyber  security intellectual property (IP) from research that our industry partners tell us  meet  emerging
real-world challenges.

Our  specialist cyber security software engineering team work with our university partners to  develop  the
research concept into a fully-fledged commercial product that we then take to market.

www.crosswordcybersecurity.com
www.rizikon.io
www.twitter.com/crosswordcyber

5 April 2016

-  ENDS  -


Crossword Cybersecurity plc