Network-1 Receives Major Consulting Contract From Delphi
18 August 1999
Network-1 Receives Major Consulting Contract From Delphi Automotive Systems
WALTHAM, Mass.--Aug. 18, 1999--Network-1 Security Solutions , a pioneer in security solutions for e-Business networks, announced today that it has been awarded a contract to provide network planning services for Delphi Automotive Systems , based in Troy, Michigan. Details of the contract's revenue and duration were not disclosed."We are excited to be working with an industry leader such as Delphi," said Avi Fogel, president and CEO of Network-1. "This is a landmark win for Network-1 and a further validation that comprehensive network security is necessary as companies move to conduct their business via open networks. By deploying our products and consulting services, companies will be able to effectively and securely open up their networks for e-Business and e-Commerce opportunities worldwide. We intend to leverage this experience as we aggressively pursue other e-Commerce customers in this growing market."
About Network-1 Security Solutions, Inc.
Network-1 Security Solutions, Inc. provides a family of network security software products and a full range of network security and network design consulting services that are focused on enabling corporations to safely open up strategic assets and networks for new e-Business opportunities. The Company's "cyberwall" security technology can reside anywhere on the enterprise network, and provides multiple layers of defense to protect data from external attacks as well as access abuse by such "trusted insiders" as employees, sub-contractors or consultants. Network-1 Security Solution's customers include GLOBAL 1000 companies, federal, state and foreign governments and utilities as well as education and research institutions.
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 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.