Agreement
16/03/2022 07:02
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220316:nRSP9489Ea&default-theme=true
RNS Number : 9489E CYBA PLC 16 March 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK
VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH
LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. ON
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
17 March 2022
CYBA plc
Narf signs agreement with SRI International
CYBA is pleased to announce that Narf Industries, has agreed terms with SRI
International ("SRI") regarding its suite of cyber defense technologies for
industrial control systems
CYBA plc ("CYBA" or the "Company"), together with its wholly owned subsidiary
Narf Industries LLC ("Narf", together, the "Group"), has signed an agreement
regarding the licensing of SRI International's ("SRI") intellectual property
and patents relating to the Threat Intelligence for Grid Recovery ("TIGR")
product which Narf is set to launch in 2022. As part of the agreement SRI will
become a significant shareholder in Cyba.
TIGR
As the Prime contractor, SRI led a powerhouse research team
(https://medium.com/dish/active-forensics-to-defend-against-cyber-grid-blackouts-98ad9011b616)
that combined experienced researchers, industry players, cutting edge
academics, and cybersecurity experts for the TIGR project which spun out of
the $120 million DARPA funded RADICS
(https://www.darpa.mil/news-events/2021-02-23) (Rapid Attack Detection,
Isolation, and Characterization Systems) program. TIGR is designed to diagnose
cyberattacks in real time (like those on the Ukrainian power grid which took
30 substations offline) by focusing scarce human attention on the most
innovative aspects and salient details of cyberattacks on Industrial Control
Systems ("ICS"). The TIGR product accelerates the characterization needed for
confident recovery to avoid protracted remediations like the recent Colonial
pipeline incident.
SRI
SRI International creates world-changing solutions making people safer,
healthier and more productive. SRI, a 75-year pioneering research institute
headquartered in Menlo Park, California, works primarily in advanced
technology and systems, biosciences, computing and education. SRI brings its
innovations to the marketplace through technology licensing, spin-off ventures
and new product solutions. SRI has spun out over 50 companies including Nuance
Communications, which was recently acquired
(https://www.sri.com/press-release/sri-international-spinoff-nuance-communications-acquired-by-microsoft-for-19-7-billion/)
by Microsoft for $19.7bn. For more information, visit SRI at www.sri.com
(http://www.sri.com) .
Narf
Narf recruited Dr. Michael E. Locasto, former SRI Principal Investigator under
the RADICS program of which TIGR was born, to help spearhead the commercial
roll-out. Dr. Locasto brings over 15 years of experience leading cutting edge
basic and applied cybersecurity research. His background in both industry and
academia enable him to craft and manage high-achieving teams from a variety of
backgrounds and experiences.
TIGR has been developed to apply active forensics in ICS, with its first
application to be deployed in the US electrical grid. The grid is made up of
55,000 substations and 7,300 power plants, which anticipate upgrades as part
of President Biden's $1.2 trillion infrastructure bill.
Further information on Narf can be found in previous announcements made by the
Company and within the Company's Prospectus at www.cybaplc.com
(http://www.cybaplc.com) .
Dr Locasto said: "Critical infrastructure provides the basis for modern life.
Sustainable advances in technology, communication, agriculture, and
environment all depend on a trustworthy and reliable power grid
infrastructure, from production to distribution. Having every confidence in
the safe and uncompromised operation of this increasingly automated
infrastructure is of vital concern to every person in society."
For articles on TIGR see:
https://medium.com/dish/active-forensics-to-defend-against-cyber-grid-blackouts-98ad9011b616
(https://medium.com/dish/active-forensics-to-defend-against-cyber-grid-blackouts-98ad9011b616)
https://www.darpa.mil/news-events/2021-02-23
(https://www.darpa.mil/news-events/2021-02-23)
Nuance Communications:
https://www.sri.com/press-release/sri-international-spinoff-nuance-communications-acquired-by-microsoft-for-19-7-billion/
ENDS
About CYBA plc
CYBA plc ("CYBA") is a Group operating in the Cyber Security sector. Its
strategy is focussed on building a group capable of offering Cyber and
Cybersecurity solutions in the US and beyond.
The Group intends to leverage the deep industry knowledge of its board, its
partners and the enlarged team both, to grow current operations, as well as,
to undertake due diligence on the commercial attributes of further target
entities' business.
For further information on the Group please visit www.cybaplc.com
(http://www.cybaplc.com/) and narfindustries.com
(http://www.narfindustries.com) , with the Company's Prospectus to be found
at www.cybaplc.com/investor-relations/corporate-documents
(http://www.cybaplc.com/investor-relations/corporate-documents) or contact:
Robert Mitchell CYBA Tel: +44 (0) 20 3468 2212
Peter Krens Tennyson Securities Tel: +44 (0)207 186 9030
Important notice
The content of this announcement has not been approved by an authorised person
within the meaning of the Financial Services and Markets Act 2000 (FSMA). This
announcement has been issued by and is the sole responsibility of the Company.
The information in this announcement is subject to change. This announcement
is not an offer of securities for sale into the United States. The securities
referred to herein have not been and will not be registered under the U.S.
Securities Act of 1933, as amended (the Securities Act), and may not be
offered or sold, directly or indirectly, in or into the United States, except
pursuant to an applicable exemption from registration. No public offering of
securities is being made in the United States. This announcement is not for
release, publication or distribution, directly or indirectly, in or into the
United States, Australia, Canada, the Republic of South Africa, Japan or any
jurisdiction where to do so might constitute a violation of local securities
laws or regulations (a Prohibited Jurisdiction). This announcement and the
information contained herein are not for release, publication or distribution,
directly or indirectly, to persons in a Prohibited Jurisdiction unless
permitted pursuant to an exemption under the relevant local law or regulation
in any such jurisdiction.
Forward-looking statements
Certain statements in this announcement constitute ''forward-looking
statements''. Forward-looking statements include statements concerning the
plans, objectives, goals, strategies and future operations and performance of
the Company and the assumptions underlying these forward-looking statements.
The Company uses the words ''anticipates'', ''estimates'', ''expects'',
''believes'', ''intends'', ''plans'', ''may'', ''will'', ''should'', and any
similar expressions to identify forward-looking statements. Such
forward-looking statements involve known and unknown risks, uncertainties and
other important factors that could cause the Company's actual results,
performances or achievements to be materially different from any future
results, performances or achievements expressed or implied by such
forward-looking statements. Such forward-looking statements are based on
numerous assumptions regarding present and future business strategies and the
environment in which the Company will operate in the future. These
forward-looking statements speak only as at the date of this announcement. The
Company is not obliged, and does not intend, to update or to revise any
forward-looking statements, whether as a result of new information, future
events or otherwise except to the extent required by any applicable law or
regulation. All subsequent written or oral forward-looking statements
attributable to the Company, or persons acting on behalf of the Company, are
expressly qualified in their entirety by the cautionary statements contained
throughout this announcement. As a result of these risks, uncertainties and
assumptions, a prospective investor should not place undue reliance on these
forward-looking statements.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END AGRGZGMFNVMGZZG