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CY4GATE S.p.A. M&A Activity 2023
6295_rns_2023-07-12_25ee248f-b858-4f65-a051-ddf50574fd8e.pdf
M&A Activity
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Press Release
CY4GATE AND RECO 3.26 SIGN AN AGREEMENT FOR AN APPLIED ARTIFICIAL INTELLIGENCE SOLUTION IN THE FIELD OF VIDEO ANALYSIS AND COMPUTER VISION CY4GATE CONTINUES IN THE PROCESS OF CONSOLIDATING ITS OFFER IN THE CYBER SECTOR
Roma, 12th July 2023 - CY4GATE (CY4.MI) – a group operating in the all-encompassing cyber security and cyber intelligence market, and RECO 3.26, an Italian company specializing in Image Recognition and Video Analysis that offers innovative and customized Vision Intelligence solutions for public and private entities, announce that they have signed a strategic agreement for an artificial intelligence solution applied in the field of video analysis and computer vision.
With this agreement, Cy4Gate has acquired, on an exclusive basis, the right to use, in the context of activities limited to Forensic Intelligence, the "Reco Finder" technology currently in use also by the national Law Enforcement Agencies.
Reco 3.26 will supply Advanced Image Recognition technologies that the Cy4Gate Group will integrate as an added value to its value proposition to further improve the technical capabilities of its solutions in the field of Augmented Decision Intelligence and video/image analysis.
Vision Analysis & Intelligence, enabled by Augmented Decision Intelligence solutions resulting from the application of Artificial Intelligence algorithms, represents the ability to extract key information for the analysis context by processing both images and videos. The primary objective is to strengthen the security, surveillance and investigation systems. This is possible thanks, for example, to innovative facial recognition technologies that allow you to verify the authorization to access specific areas subject to security restrictions.
The partnership between these two Italian companies will lead to the development of solutions that will find natural use in contexts where there is a need to improve the performance of data management and analysis systems for security purposes through Vision Intelligence techniques enabled by artificial intelligence. Immediate application will benefit the national Law Enforcement Agencies for which the innovative solution was designed and which will be able to ensure greater efficiency and effectiveness in carrying out the institutional service for which they are responsible.
The agreement will therefore give life to a collaboration in the field of Image Recognition and Video Analysis with a strong impact on the national domestic market to integrate and consolidate a range of offers aimed at the cyber sector at 360°.
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Simone Pratesi, CEO of Reco 3.26 said: "The sector in which we operate is in constant motion, partnerships will allow us to drive innovation to shape a new phase of maturity. After having supplied the SARI system to the Ministry of the Interior - State Police - today with Cy4Gate the new challenge will be AI applied to Forensic Intelligence activities with all-Italian technology".
Emanuele Galtieri, CEO and General Manager of Cy4Gate Group commented: "Helping to consolidate a virtuous ecosystem of Italian excellence such as Reco 3.26 in the field of Artificial Intelligence is part of the mission of Cy4Gate Group, aimed at creating turnkey solutions that are able to constitute a technological "gap filler" at the service of the institutions and of the companies in the niche segment in which our company operates".
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This Press Release is available from Borsa Italiana, under the () storage mechanism and on the Company's website www.cy4gate.com.
About CY4Gate S.p.A.
The Company was founded in 2014 to meet an unconventional demand for cyber security. Listed on Euronext Growth Milan in June 2020, CY4Gate S.p.A. has also been listed on the Euronext Milan Star segment since June 2023. CY4Gate S.p.A. was conceived to design, develop and manufacture technologies and products, systems and services that meet the most stringent and modern "Cyber Intelligence & Cyber Security" requirements expressed by Law Enforcement Agencies, Armed Forces, Institutions and Companies, both at home and abroad. Representing a unique Italian industrial project, CY4Gate S.p.A. operates in all facets of the cyber market, with proprietary products that meet both information collection and analysis and security needs: QUIPO and AMICO in the world of Cyber Intelligence along with RTA, Diateam, CTI and Pronto Cyber in the world of Cyber Security.
For more information:
Specialist Investor Relations CY4Gate S.p.A. Marco Clerici +39 335 775 0702 [email protected]
Equita SIM S.p.A. Marco Latini CFO and Investor Relations Manager [email protected]
CDR Communication
| Investor Relations | ||
|---|---|---|
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| Luca Gentili: | +39 348 292 0498 | [email protected] |
| Media Relations | ||
| Angelo Brunello: | +39 329 211 7752 | [email protected] |
| Marianna Tremolada: +39 348 242 3039 | [email protected] |