CORERO NETWORK SECURITY PLC

Capital/Financing Update • Jun 28, 2017

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RNS Number : 3561J

Corero Network Security PLC

28 June 2017

28 June 2017

Corero Network Security plc

("Corero" or the "Company")

Corero expands into US Federal Government with $0.4m contract win

Corero Network Security plc (AIM: CNS), the AIM listed network security company, is pleased to announce that its SmartWall® Threat Defense System ("SmartWall") technology has been selected to protect a high profile US Federal Government agency.

The $0.4 million order provides DDoS mitigation capacity for a number of the agency's sites delivering up to 200Gbps of always-on protection. The solution comprises multiple Corero SmartWall products, with supporting SecureWatch® services for one year.

With growing awareness of the threat posed by short duration DDoS attacks, Corero's target market for its scalable SmartWall solution is expanding beyond service providers and hosting providers to include increasing numbers of digital enterprises and government departments seeking always-on DDoS mitigation technologies.  Corero's SmartWall has been proven to excel in these demanding environments; mitigating in seconds in contrast to traditional approaches which can take tens of minutes to respond.

Ashley Stephenson, CEO of Corero, said:

"We are delighted to welcome the US Federal Government as a Corero customer.  This purchase follows a demanding trial period in which our SmartWall product successfully provided real-time DDoS protection across notable national projects run by the agency concerned, defeating several significant attacks."

Enquiries:

Corero Network Security plc
Andrew Miller, CFO		Tel: 01895 876 382
Cenkos Securities plc		Tel: 020 7397 8900
Bobbie Hilliam - NOMAD Alex Aylen - Corporate Broking
Redleaf Communications		Tel: 020 7382 4747
Rebecca Sanders-Hewett/David Ison/Elise Palmer	cns@redleafpr.com

About Corero Network Security

Corero Network Security is the leader in real-time, high-performance DDoS defense solutions. Service providers, hosting providers and online enterprises rely on Corero's award winning technology to eliminate the DDoS threat to their environment through automatic attack detection and mitigation, coupled with complete network visibility, analytics and reporting. This next-generation technology provides a First Line of Defense® against DDoS attacks in the most complex environments while enabling a more cost effective economic model than previously available. For more information, visit www.corero.com

This information is provided by RNS

The company news service from the London Stock Exchange

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