Investors

Press Releases

Printer Friendly Version View printer-friendly version
<< Back
infOsci and Arkados Group Announce Joint Development Partnership

WASHINGTON and NEWARK, N.J., June 01, 2017 (GLOBE NEWSWIRE) -- Cyber security disrupter infOsci today announced a joint development partnership with Arkados Group, Inc. (OTC:AKDS), a leading software developer and system integrator enabling Internet of Things (IoT) applications, whereby Arkados will pilot infOsci’s revolutionary security technology in conjunction with various commercial and industrial applications.   This partnership will allow Arkados to pilot infOsci’s revolutionary technology within their system prior to public release, giving Arkados’ customers early access to the future of cyber security.

"It is time to come to grips with reality – current information security systems are not working," said infOsci founder John Ellingson. "Arkados' customers will be among the first users to experience a cyber security regime that fundamentally changes how their information is secured."

Despite spending billions annually, data beaches are increasing in both size and frequency. The conventional approach for the last forty years has been focused on using secrecy and complexity to keep enemies outside of systems. The infOsci approach is to assume that credentials can be compromised, and instead create a digital certificate and PKI system that is dynamic from end-to-end. This patent pending method provides two-way certificate based authentication to the endpoint including mobile devices and the Internet of Things.

”We are extremely excited about this partnership with infOsci,” stated Terrence DeFranco, CEO of Arkados.  “Our scalable and interoperable solutions gather and analyze sensitive customer data to help customers save money by reducing energy and maintenance costs.  The Internet of Things brings great value, but connected systems increasingly demand more robust security measures to preserve that value.   We believe that this development partnership with infOsci will yield extraordinary results by bringing state-of-the-art security to our Industrial IoT solutions and protect our customers’ most valued assets.”

The current cyber security paradigm is focused on making the “fortress” stronger - stronger encryption, better passwords, better firewalls, and more complex technology to keep attackers out, but oftentimes, enemies are using the credentials of those already "within" the "fortress." As a result, a single point of failure can cost an organization millions - and the average organization suffers at least one major failure per year. More than 60% of cyber security breaches have been a result of the unauthorized use of trusted credentials, including user IDs, passwords, and private keys. No matter how strong or complex, in the hands of an attacker, they convey all the authority of the legitimate holder of the credential.

infOsci’s technology provides companies with cyber resilience by replacing obsolete and insecure digital certificates (SSL) with dynamic certificates. This constantly changing dynamic information protects the security architecture and provides security even in an environment where user credentials have been or will be stolen or compromised. infOsci’s patent pending intellectual property can be licensed and easily deployed within a company’s existing cyber security infrastructure. The infOsci process uses the current digital certificate and login process, and replaces the broken Secure Socket Layer (SSL) that is the obsolete underlying infrastructure security.

About infOsci

infOsci is a disruptive technology company with deep roots in the intelligence community and information security that has developed the future of cyber security, by creating a truly secure authentication method between devices. This technology will provide companies with cyber resilience by replacing obsolete and insecure digital certificates (SSL) with dynamic certificates. This constantly changing dynamic information protects the security architecture and provides security even in an environment where user credentials have been or will be stolen or compromised.

About Arkados Group, Inc.

Arkados Group, Inc. (“Arkados” or the “Company”), through its subsidiaries, is a provider of scalable and interoperable Internet of Things solutions focused on industrial automation and energy management.  We execute our business as a software-as-a-service (SaaS) application developer and energy services firm that helps commercial and industrial facilities owners and managers leverage the Internet of Things to reduce costs and improve productivity with unique, cutting-edge building and machine automation solutions. The Company’s Arktic™ software platform is a scalable and interoperable cloud-based system for sensing, gathering, storing, analyzing data as well as reporting critical information and implementing command and control.  Our applications currently focus on measurement and verification and predictive analytic and are delivered to customers as a complement to our services business, which focuses primarily on reducing energy costs through solar PV, LED lighting and other energy conservation services for the commercial and industrial facilities market. More information is available at our web site at www.arkadosgroup.com.

Investor Contact:
investors@arkadosgroup.com

Primary Logo

Arkados Group, Inc.