17th June 2022 – CALGARY, Canada and GOTHENBURG, Sweden: Wedge Networks Inc. (Wedge), an innovation leader in intelligent real-time threat prevention solutions, is invited to join MobilityXlab, a collaboration hub founded in 2017 by global companies to create and innovate future mobility solutions. Wedge will participate to co-create solutions for safe and secure mobility in partnership with seven world-leading industry partners: CEVT, Ericsson, Polestar, Veoneer, Volvo Cars, Volvo Group, and Zenseact.
With Cyber Physical Systems such as CAVs (connected autonomous vehicles), the need to ensure real-time security and safety of our digital life becomes paramount. Wedge addresses this need by developing an innovative intelligent real-time threat prevention software platform, Wedge Absolute Real-time Protection™ (WedgeARP™). This partnership opportunity from MobilityXlab will allow Wedge to accelerate such developments further to enhance the real-time threat prevention ability of WedgeARP™.
“Analysts estimate the number of CAVs by 2025 will exceed 800 million. As demonstrated in both real and simulated environments, CAVs have large attack surfaces. Can you imagine a car traveling at high speed with family members and is vulnerable to cyber attacks?” said Dr. Hongwen Zhang, Wedge’s CEO and CTO. “Wedge, with its focus on real-time threat prevention, has been actively developing innovative technology to address this concern. The partnership with these world-class leaders in the mobility industry will allow us to leap forward our technology innovation in real-time threat prevention, for CAVs and all Cyber Physical Systems”
“MobilityXlab is always looking for the best-emerging companies in mobility and connectivity. Our founding partners represent the most successful and visionary mobility companies in the world”, said Katrina Brud, director of MobilityXlab, “we are thrilled to support Wedge in this journey to co-create innovative solutions.”
About Wedge Networks
Wedge Networks Inc. is an intelligent Real-Time Threat Prevention solutions company. Our innovation is a patented software platform that enables real-time security services rollout with strategic partners such as MSPs and OEMs. Wedge is headquartered in Calgary, Canada with international teams in the North America, Asia Pacific, Europe, and the Middle East and North Africa regions. Today, Wedge’s products prevent advanced security threats for tens of millions of endpoints in enterprises, governments, and critical infrastructures spanning more than 20 countries and regions.
For more information on Wedge Networks, visit www.wedgenetworks.com
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About MobilityXlab
MobilityXlab is a collaboration hub founded in 2017 by global companies to create and develop new innovations within future mobility – with each other and with startups. Our seven partners are CEVT, Ericsson, Polestar, Veoneer, Volvo Cars, Volvo Group, and Zenseact. Lindholmen Science Parks is the host organization. MobilityXlab is also supported by Region Västra Götaland and Vinnova, Sweden’s Innovation Agency. Over the first five years, MobilityXlab has seen startups applying from 50 countries. The collaboration platform has resulted in 75 proof of concepts and 12 accelerations, in the form of commercial contracts or partnerships.
For more information, visit www.mobilityxlab.com
Cautionary Statements and Forward Looking Information
This release contains forward-looking statements, which are based on current expectations, estimates, and projections about the Corporation's business and prospects, as well as management’s beliefs, and certain assumptions made by management. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “may,” “should,” “will” and variations of these words are intended to identify forward-looking statements. Such statements speak only as of the date hereof and are subject to change. The forward-looking statements contained in this news release are made as of the date hereof and Wedge undertakes no obligation to update, publicly or otherwise, or revise any forward-looking information, whether as a result of new information, future events or otherwise unless expressly required by applicable securities laws. The forward-looking information contained in this press release are expressly qualified by this cautionary statement. Readers are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Corporation's future business activities may differ materially from those in the forward-looking statements as a result of various factors , including, but not limited to: expansion and business strategies, anticipated growth opportunities, the impact of the COVID-19 pandemic, general economic, market or business conditions, the amount of fundraising necessary to perform on its business objectives, operational risks, the ability of the Corporation to raise necessary funds for its business objectives, and the outcome of commercial negotiations. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict. Accordingly, actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. Although the Company believes that the assumptions and factors on which such forward-looking statements is based are reasonable, undue reliance should not be placed on the forward-looking statements as the Company can give no assurance that it will prove to be correct or that any of the events anticipated by such forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom.