10 January 2018
Technology Licensing Agreement to Provide Industry Leading Router Technology with State of the Art IoT Security Capabilities
Bitdefender, a leading cybersecurity technology company protecting 500 million users worldwide and NETGEAR, Inc. (NASDAQ:NTGR), a global networking company that delivers innovative products to consumers, businesses and service providers, announced today a technology licensing agreement allowing NETGEAR to include Bitdefender’s breakthrough IoT security technology on certain of its networking devices.
With advanced threats leveraging vulnerabilities in smart devices, this joint offering will secure IoT devices at the WiFi router level, reducing the threat of attacks and protecting sensitive user data from cybercriminals. Consumers can count on a comprehensive IoT security technology with the capability to detect devices within the NETGEAR Nighthawk WiFi Router network and identify those with vulnerabilities. NETGEAR Armor powered by Bitdefender will be first introduced on the Nighthawk AC2300 Smart WiFi router (R7000P) later this quarter.
“Bitdefender is a leader in providing comprehensive security solutions for the connected home.” said David J. Henry, NETGEAR senior vice president of Connected Home. “Together we are providing customers with breakthrough technology to provide smart home security as part of our Nighthawk AC2300 Smart WiFi router. The key benefit of NETGEAR ARMOR, will be to provide a central security solution that protects all the devices in the home against cyber threats.”
Ciprian Istrate, Bitdefender’s Vice President of Consumer Solutions, stated “We are excited about our new relationship with NETGEAR. The integration of our solutions will help prevent damaging breaches and attacks through various types of IoT devices, from doorbells to thermostats to baby monitors to security cameras to smart TVs. We’re pleased that our long history of breakthroughs in IT security can now be a part of a new offering that helps protect IoT devices from cyber criminals.”
About NETGEAR, Inc.
NETGEAR (NASDAQ:NTGR) is a global networking company that delivers innovative products to consumers, businesses and service providers. The Company's products are built on a variety of proven technologies such as wireless (WiFi and LTE), Ethernet and powerline, with a focus on reliability and ease-of-use. The product line consists of wired and wireless devices that enable networking, broadband access and network connectivity. These products are available in multiple configurations to address the needs of the end-users in each geographic region in which the Company's products are sold. NETGEAR products are sold in approximately 30,000 retail locations around the globe, and through approximately 25,000 value-added resellers, as well as multiple major cable, mobile and wireline service providers around the world. The company's headquarters are in San Jose, Calif., with additional offices in approximately 25 countries. More information is available at http://investor.netgear.com or by calling (408) 907-8000. Connect with NETGEAR at http://twitter.com/NETGEAR and http://www.facebook.com/NETGEAR.
© 2017 NETGEAR, Inc. NETGEAR and the NETGEAR logo are trademarks or registered trademarks of NETGEAR, Inc. and its affiliates in the United States and/or other countries. Other brand and product names are trademarks or registered trademarks of their respective holders. The information contained herein is subject to change without notice. NETGEAR shall not be liable for technical or editorial errors or omissions contained herein. All rights reserved.
* Actual data throughput and wireless coverage will vary. Network conditions and environmental factors, including volume of network traffic, building materials and construction, and network overhead, lower actual data throughput rate and wireless coverage. NETGEAR makes no express or implied representations or warranties about this product’s compatibility with any future standards.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for NETGEAR, Inc.: This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Specifically, statements concerning NETGEAR's business and the expected performance characteristics, specifications, reliability, market acceptance, market growth, specific uses, user feedback and market position of NETGEAR's products and technology are forward-looking statements within the meaning of the Safe Harbor. These statements are based on management's current expectations and are subject to certain risks and uncertainties, including, without limitation, the following: the actual price, performance and ease-of-use of NETGEAR's products may not meet the price, performance and ease-of-use requirements of customers; product performance may be adversely affected by real world operating conditions; failure of products may under certain circumstances cause permanent loss of end user data; new viruses or Internet threats may develop that challenge the effectiveness of security features in NETGEAR's products; the ability of NETGEAR to market and sell its products and technology; the impact and pricing of competing products; and the introduction of alternative technological solutions. Further information on potential risk factors that could affect NETGEAR and its business are detailed in the Company's periodic filings with the Securities and Exchange Commission. NETGEAR undertakes no obligation to release publicly any revisions to any forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
INDUSTRY ANALYST RELATIONSanalystrelations@bitdefender.com