Signing of Distribution Agreement between Edvance and Indegy Ltd., an Industrial Cyber Security Company from Israel

2019-08-02 11:27 4869

HONG KONG, Aug. 2, 2019 /PRNewswire/ -- Edvance International Holdings Limited ("Edvance", or the "Company"; stock code: 08410.HK; together with its subsidiaries collectively known as the "Group") is pleased to announce that the Company entered into a distribution agreement (the "Agreement") with Indegy Ltd. ("Indegy"), which is an industrial cyber security company from Israel, on 4 July, 2019. Indegy is principally engaged in provision of cyber security solutions for Operational Technology ("OT") networks. The company was named as one of "the 10 Most Promising Cyber Security Startups" by Forbes Israel.

Indegy has self-developed an industrial cyber security system to safeguard the industrial control system ("ICS") environmental safety, it is capable to cover the most area of essential infrastructures. This platform provides unprecedented visibility and controllability to ensure operational safety, prevent cyber-attack, malicious insiders and human error or else. Indegy device integrity can lock down every detail that obtain from OT networks, and developed a control-layer activity to support real-time monitoring every change from operation control configuration. ICS engineer and security can rapidly locate the source of problems, to determine instantly and prevent further deterioration.

Chairman and Executive Director of Edvance, Mr. Raymond Liu said, "Constant changing in business models is accelerating the convergence of OT and information technology.  Advanced industrial internet-of-things (IoT) enables real-time connectivity across core operations -- while dramatically increasing cyber security risk. Given conventional security is not able to protect against OT systems effectively, the impact could be huge when it is under cyber-attack. By entering into an Agreement with Indegy, we can create blue oceans of industrial cyber security market, and also allows the Group to have diversified coverage of the cyber security market."

About Edvance

Edvance Technology (Hong Kong) Limited (Stock Code: 08410.HK) is a provider of security products and provides professional consulting services. The Company commenced its business in 2002 and was listed on the Hong Kong Stock Exchange in 2017. The Company started providing IT security solutions in 2009 and became the leading brand in the IT security solutions industry in Hong Kong. According to the F&S Report, the company ranked first among Hong Kong IT security solution distributors based on the revenue recorded in 2015.

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Source: 安領國際控股有限公司
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