Intrusion Inc. (NASDAQ:INTZ)

Intrusion Inc (OOTC:INTZ) ($23.37; $409.8M market cap), a provider of entity identification, high speed data mining, cybercrime and advanced persistent threat detection products, announced it has signed a new agreement with leading global consumer products company Kimberly-Clark (NYSE:KMB). 

“Kimberly-Clark is a great example of how multi-national corporations require a new way to protect their critical information. By integrating our best-in-class solution into their network in a matter of minutes, we provide Kimberly-Clark with a simpler, optimal means to automate network security at scale and afford them a level of protection that safeguards them against constantly evolving threats. We couldn't be more excited about having Kimberly-Clark as a Shield customer."

Intrusion Inc (OOTC:INTZ) ($11.04; $186.8M market cap), a provider of entity identification, high speed data mining, cybercrime and advanced persistent threat detection products announced Q3 2020 results:

• Sales of $1.6 million vs $3.9 million in the prior year
• Net loss of $0.10 vs EPS of $0.09 in the prior year

“While extended government shutdowns associated with the pandemic continued to impact our legacy subscription and reporting businesses during the third quarter, the growing trend of sophisticated cybersecurity attacks underscores the crucial need for more advanced, innovative solutions,” stated Jack B. Blount, President and CEO of INTRUSION. “We are capitalizing on this need through the recent introduction and aggressive ramp of our new Shield family of disruptive cybersecurity solutions.

Recent feedback from enterprise customers that are beta testing Shield has been extraordinarily positive, which is why we made the decision to take pre-orders ahead of general availability. Leveraging our unique proprietary database of threat indicators and advanced AI, Shield detects and neutralizes threats that are actively inside customers’ networks, effectively tackling the problem of vulnerability from the inside out. Shield will disrupt the cybersecurity industry beginning with the enterprise market, which represents more than a $7 billion opportunity in the U.S. alone. Moreover, the launch of subsequent solutions within the Shield family will also increase our addressable market, further fueling our growth.”

It’s worth noting that the company expects its new cybersecurity business to generate at least $15 million in revenues. This information was shared in the Q3 conference call transcript.  

Intrusion Inc (OOTC:INTZ) ($13.18; $181.7M market cap), a provider of entity identification, high speed data mining, cybercrime and advanced persistent threat detection products announced it has begun beta testing of INTRUSION Shield™ the company’s first in a family of new cybersecurity and intrusion protection solutions for the enterprise. The company successfully completed alpha testing of its initial offering, and beta testing will be conducted for approximately 90 days with over a dozen companies ranging in size and industry.

Shield™ is a combination of plug-and-play hardware, software, global data and services that utilizes artificial intelligence (AI) to deliver a completely new approach to cybersecurity. Shield is a cybersecurity solution that real-time analyzes and quarantines threats from incoming and outgoing traffic, stopping ransomware, viruses, malware, data theft and more. While other solutions aim to keep malicious behavior out of a company’s network, Shield is designed to work on the premise that cyber criminals have bypassed those protections and are already on your corporate network.