Wall Street Veteran Blythe Masters Appointed to Phunware Board of Directors

Former CEO of Digital Asset, CFO of J.P. Morgan’s Investment Bank and Chair Emeritus of Linux Hyperledger Project Appointed as Certified Financial Expert

Phunware, Inc. (NASDAQ: PHUN) (the “Company”), a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, today announced the appointment of Blythe Masters to its Board of Directors.

Blythe Masters is an experienced financial services and technology executive and currently an Industry Partner at the private equity and venture capital firm Motive Partners. She is the former CEO of Digital Asset – provider of the world’s leading smart contract language DAML – which she led from a startup in 2015 until 2018, serving customers including the Australian Securities Exchange (ASX). She is Chair Emeritus of the Governing Board of the Linux Foundation’s open source Hyperledger Project, International Advisory Board Member of Santander Group, Board Member of OpenBank and Advisory Board Member of the United States Chamber of Digital Commerce, Figure Technologies – the blockchain-powered consumer financial products company – and the residential mortgage exchange, Maxex.

Blythe was previously a senior executive at J.P. Morgan, which she left after 27 years in 2014, following the successful sale of the physical commodities business which she built. Blythe was a member of the Corporate & Investment Bank Operating Committee and the firm’s Executive Committee. Positions at J.P. Morgan included Head of Global Commodities, Head of Corporate & Investment Bank Regulatory Affairs, CFO of the Investment Bank, Head of Global Credit Portfolio and Credit Policy & Strategy, Head of North American Structured Credit Products, Co-Head of Asset Backed Securitization and Head of Global Credit Derivatives Marketing.

Blythe is a past Chair of the Global Financial Markets Association (GFMA), the Securities Industry & Financial Markets Association (SIFMA) and the public consumer finance company Santander Consumer Holdings Inc. (NYSE: SC).

Blythe is currently Co-Chair of the Global Fund for Women, Vice Chair of ID2020, Advisory Board Member and past Board Member of the Breast Cancer Research Foundation, Board Member of the Feminist Institute, and former Chair of the Greater New York City Affiliate of Susan G. Komen for the Cure. Blythe holds a Bachelor of Arts degree in Economics from the University of Cambridge.

“We are incredibly excited and honored to have appointed Blythe to our Board of Directors,” said Alan S. Knitowski, President, Chief Executive Officer and Co-Founder of Phunware. “Her background on Wall Street and her operational credentials and pedigree speak for themselves.”

The Phunware Board of Directors unanimously approved the appointment of Blythe Masters as the Company’s Certified Financial Expert, including her appointment as Chair of the Audit Committee and Member of the Compensation Committee.

“I am looking forward to helping Phunware become a household name on both Wall Street and Main Street,” said Blythe Masters. “The Company sits at the intersection of mobile, cloud, big data and blockchain and I look forward to contributing to its efforts in becoming the global enterprise platform standard for Fortune 1000 digital transformation initiatives.”

Safe Harbor Clause and Forward-Looking Statements

This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, business strategy and plans, and our objectives for future operations, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “expose,” “intend,” “may,” “might,” “opportunity,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would” and similar expressions that convey uncertainty of future events or outcomes are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us. Future developments affecting us may not be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) and other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described under the heading “Risk Factors” in our filings with the Securities and Exchange Commission (SEC), including our reports on Forms 10-K, 10-Q, 8-K and other filings that we make with the SEC from time to time. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. These risks and others described under “Risk Factors” in our SEC filings may not be exhaustive.

By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We caution you that forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity, and developments in the industry in which we operate may differ materially from those made in or suggested by the forward-looking statements contained in this press release. In addition, even if our results or operations, financial condition and liquidity, and developments in the industry in which we operate are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods.

About Phunware, Inc.

Everything You Need to Succeed on Mobile — Transforming Digital Human Experience

Phunware, Inc. (NASDAQ: PHUN), is the pioneer of Multiscreen-as-a-Service (MaaS), an award-winning, fully integrated enterprise cloud platform for mobile that provides companies the products, solutions, data and services necessary to engage, manage and monetize their mobile application portfolios and audiences globally at scale. Phunware’s Software Development Kits (SDKs) include location-based services, mobile engagement, content management, messaging, advertising, loyalty (PhunCoin & Phun) and analytics, as well as a mobile application framework of pre-integrated iOS and Android software modules for building in-house or channel-based mobile application and vertical solutions. Phunware helps the world’s most respected brands create category-defining mobile experiences, with more than one billion active devices touching its platform each month. For more information about how Phunware is transforming the way consumers and brands interact with mobile in the virtual and physical worlds, visit https://www.phunware.com, https://www.phuncoin.com, https://www.phuntoken.com, and follow @phunware, @phuncoin and @phuntoken on all social media platforms.

View source version on businesswire.com: https://www.businesswire.com/news/home/20191230005052/en/

Contacts

PR & Media Inquiries:

Brent Brightwell

bbrightwell@phunware.com

T: (512) 537-8301

Investor Relations:

Brendhan Botkin

bbotkin@phunware.com

T: (512) 394-6837

Related:

DMG Unveils Wazabi – The Cannabis Industry’s Cognitive Technology Platform Using Blockchain …

DMG is reviewing various transaction structures to determine the best way to structure, finance, and deploy Wazabi.

For more information on Wazabi please schedule a call or presentation by contacting DMG.

About DMG Blockchain Solutions Inc.

DMG Blockchain Solutions Inc. is a diversified blockchain and cryptocurrency company that manages, operates and develops end-to-end solutions to monetize the blockchain ecosystem. DMG, with its Blockseer division located in Silicon Valley, intends to be the global leader in industrial scale crypto mine hosting – Mining as a Service (MaaS), crypto mining, blockchain forensics/analytics, and blockchain platform development.

For more information on DMG Blockchain Solutions visit: www.dmgblockchain.com

On behalf of the Board of Directors,

Daniel Reitzik, CEO & Director

For further information, please contact:

DMG Blockchain Solutions Inc.

Investor Relations: John Martin

Toll Free: 1-888-702-0258

Email: investors@dmgblockchain.com

Web: www.dmgblockchain.com

Direct: 778-868-6470

Cautionary Note Regarding Forward-Looking Information

This news release contains forward-looking information based on current expectations. Statements about the Company’s plans and intentions, other potential transactions, development and completion of Wazabi, the benefits of Wazabi, revenues from Wazabi, acquisition of customers, product development, events, courses of action, and the potential of the Company’s technology and operations, among others, are all forward-looking information. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company’s financial condition; the ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; access to equipment; market conditions and the demand and pricing for products; the demand and pricing of bitcoins; security threats, including a loss/theft of DMG’s bitcoins; DMG’s relationships with its customers, distributors and business partners; the inability to add more power to DMG’s facilities; DMG’s ability to successfully define, design and release new products in a timely manner that meet customers’ needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. DMG may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to achieve goals and the price of bitcoin. Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements.

The securities of DMG are considered highly speculative due to the nature of DMG’s business.

Factors that could cause actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, equipment failures, lack of supply of equipment, power and infrastructure, failure to obtain any permits required to operate the business, the impact of technology changes on the industry, competition, security threats including stolen bitcoins from DMG or its customers, consumer sentiment towards DMG’s products, services and blockchain technology generally, failure to develop new and innovative products, litigation, increase in operating costs, increase in equipment and labor costs, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by third parties in respect of the matters discussed above.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/033c7ce8-fe6e-47f9-b6b5-3567f1230ec6

https://www.globenewswire.com/NewsRoom/AttachmentNg/47ba15bf-58b1-4a23-8709-d9122e320435

Related:

Wipro Builds a Blockchain-Based Solution for Travacoin to Enable Digital Currency-Based …

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading globalinformation technology, consulting, and business process servicescompany, today announced that it has developed a blockchain-basedpayment solution for Travacoin, a company specializing in an eponymousdigital payment solution. Travacoin is a digital payment system whichenables airlines to refund and compensate passengers in a timely mannerwhen a disruption occurs.

Passengers will be notified of a delay or cancellation and refunded inthis digital currency, which can be used to repurchase airline tickets,book hotels and avail other airport and travel related services.Passengers will benefit by way of a significant reduction in the waitingtime for compensation. In addition, passengers can use Travacoins atretail stores in and around the airport and avail attractive discountsoffered by retail partners.

By compensating passengers with Travacoins, airlines will be able toreduce their administrative overheads and channel the savings to offer abetter travel experience to fliers. A recent study conducted by FTIConsulting, and commissioned by Travacoin on the commercial feasibilityof using digital tokens for refunds and compensation for flight delaysindicates that Travacoins will save airlines between 20% and 40% of whatthey are currently paying passengers in cash and will also increasecustomer loyalty towards airlines through improved convenience duringtravel disruptions like airline delays.

Brian Whelan, Chief Executive Officer of Travacoin said,”Travacoin is a unique solution to a common problem faced by theairlines industry today. With every delay, be it caused by a staffstrike or a technology problem, comes an increasing number of claimsfrom passengers. Airlines respond defensively, consequently losingcustomer loyalty as well as millions in hard currency along the way.This solution offers airlines a cost effective way to reconnect withtheir passengers in a positive way, turning adversity into opportunity.As we expand, the plan is to grow the solution to encompass otherpayment and settlement functions, turning Travacoin into a uniquepayment solution for the entire travel industry. Wipro’s deep domainknow-how of the industry processes, blockchain expertise, and ability torapidly co-innovate and scale-up the solution has been critical to oursuccess.”

Krishnakumar N Menon, Vice President – Service Transformation andBlockchain Theme Leader, Wipro Limited said, “We are encouragingblockchain innovation by actively engaging with firms focused on solvingreal-world business problems. It has been exciting to work withTravacoin to build an innovative industry-leading travel currency forthe airline industry. The blockchain-based solution will help airlinesoptimize costs through the reduction of administrative overheads andfacilitate quicker payments and settlements.”

Wipro is a recognized leader in implementing blockchain technology forits clients, providing strategic advisory and consulting servicescombined with a deep portfolio of industry solutions. Wipro is committedto creating strong blockchain communities while developing talent forbuilding extensive technology expertise across multiple leadingblockchain platforms such as Hyperledger Fabric, Etherum, Quorum, Corda,Mutichain, Hyperledger Indy and Hyperledger Sawtooth. The company isalso involved in a number of distributed ledger technology consortia andalliances including the Hyperledger project, the Ethereum EnterpriseAlliance, the Energy Web Foundation and the Blockchain in TransportAlliance. To learn more, clickhere.

CIO, CTO & Developer Resources

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading globalinformation technology, consulting and business process servicescompany. We harness the power of cognitive computing, hyper-automation,robotics, cloud, analytics and emerging technologies to help our clientsadapt to the digital world and make them successful. A companyrecognized globally for its comprehensive portfolio of services, strongcommitment to sustainability and good corporate citizenship, we haveover 175,000 dedicated employees serving clients across six continents.Together, we discover ideas and connect the dots to build a better and abold new future.

Forward-looking and Cautionary Statements

Certain statements in this release concerning our future growthprospects are forward-looking statements, which involve a number ofrisks, and uncertainties that could cause actual results to differmaterially from those in such forward-looking statements. The risks anduncertainties relating to these statements include, but are not limitedto, risks and uncertainties regarding fluctuations in our earnings,revenue and profits, our ability to generate and manage growth, intensecompetition in IT services, our ability to maintain our cost advantage,wage increases in India, our ability to attract and retain highlyskilled professionals, time and cost overruns on fixed-price, fixed-timeframe contracts, client concentration, restrictions on immigration, ourability to manage our international operations, reduced demand fortechnology in our key focus areas, disruptions in telecommunicationnetworks, our ability to successfully complete and integrate potentialacquisitions, liability for damages on our service contracts, thesuccess of the companies in which we make strategic investments,withdrawal of fiscal governmental incentives, political instability,war, legal restrictions on raising capital or acquiring companiesoutside India, unauthorized use of our intellectual property, andgeneral economic conditions affecting our business and industry.Additional risks that could affect our future operating results are morefully described in our filings with the United States Securities andExchange Commission. These filings are available at www.sec.gov.We may, from time to time, make additional written and oralforward-looking statements, including statements contained in thecompany’s filings with the Securities and Exchange Commission and ourreports to shareholders. We do not undertake to update anyforward-looking statement that may be made from time to time by us or onour behalf.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190522005435/en/

Related:

Epazz Patent Pending Blockchain Electric Health Care Records Technology Will Help Prevent …

Recent US Health and Human Services report on health care data breaches Demonstrates the Need for Our Technology

CHICAGO, Oct. 17, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Epazz, Inc. (OTC: EPAZ), a leading provider of blockchain mobile apps and cloud-based business software solutions, announced today that the company’s patent pending Blockchain Electronic Health Care Records Technology will support Hyperledger standards. Hyperledger is a wide-use open source blockchain solution. Epazz has been using Hyperledger solutions to speed the development of its new blockchain products. The company has been providing electronic health care records cloud software for over six years.

Our patent pending technology will help curb the number of health care data breaches that occur. According to a report from the U.S. Department of Health and Human Services (HHS), there were over 477 health care data breaches in 2017, which affected over 5.579 million patient records. The breaches cost $408 per record. Epazz believes that by using blockchain technology, records will be distributed across the blockchain and will have a level of encryption that can only be unlocked with the patient’s digital key. The company will be developing application programming interfaces, which it will license to other EHRs (Electronic Health Records providers), hospitals and payers.

An article from the Milwaukee Business Journal, “How Blockchain technology is transforming healthcare cybersecurity,” provides more details on how blockchain technology offers many benefits for cybersecurity.

Epazz CEO, Shaun Passley, Ph.D., said, “We are expanding the possibilities of our cloud health care software with the new usages of blockchain to provide our current customers and potential customers greater flexibility and functionality. We believe these efforts will help us increase revenue.”

Epazz reported its unaudited second quarter results for 2018. The company reported revenue of $386,961, compared with $385,163 for the second quarter of 2017. The company reported an operating income of $35,963. This is a substantial turnaround in the company’s financial position. Additionally, the company’s interest expenses have substantially decreased, dropping from $50,973 for the second quarter of 2017 to just $20,062 for the second quarter of 2018.

About Epazz, Inc. (www.epazz.com)

Epazz, Inc., specializes in enterprise cryptocurrency blockchain mobile apps and cloud business process software, with more than 500 repeat customers. The new Bitcoin Mobile app is a financial technology company that offers unique software that allows consumers to acquire Bitcoin at the point of sale. The consumer can then use the cryptocurrency or digital currency to make a purchase at the store with ease. Epazz technology makes it easy to convert legacy systems into cloud business process software, for which the company then charges an annual subscription fee. Epazz has acquired 11 software companies that have converted or are in the process of converting their legacy software products to cloud software using Epazz technology. Epazz then markets the new cloud-based solutions to new and existing customers. Epazz’s other products are DeskFlex™ (a room scheduling software) and Provitrac™ (an applicant-tracking system).

SAFE HARBOR

“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can generally be identified by their use of forward-looking terminology such as “may,” “expect,” “intend,” “estimate,” “anticipate,” “believe” and “continue” (or the negative forms thereof) or similar terminology. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results or those implied by such forward-looking statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance and that actual results may differ materially from those contemplated by such forward-looking statements. Epazz, Inc. assumes no obligation and has no intention of updating these forward-looking statements, and it has no obligation to update or correct information prepared by third parties that is not paid for by Epazz, Inc. Investors are encouraged to review Epazz, Inc.’s public filings on SEC.gov and otcmarkets.com, including its unaudited and audited financial statements and its OTC markets filings, which contain general business information about the company’s operations, results of operations and risks associated with the company and its operations.

CONTACT: For more information, please contact: Investor Relations mailto:investors@epazz.net (312) 955-8161 www.epazz.com

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BlackRidge Technology Helps Eliminate Fraud from Philanthropic Contributions with Jointly …

BlackRidge experts joined with Marist faculty and IT Technical staff to collaborate with Marist Computer Science and Mathematics’ sophomore, Alissa Sytsma, to develop the Hyperledger Fabric based blockchain application, which she presented at the 2018 Celebration of Undergraduate Research, Scholarship and Creative Activity (CURSCA) annual showcase. “Our partnership with BlackRidge has been tremendous in understanding blockchain technology, how to secure it, and drive innovation in this space,” said Dr. Roger Norton, Dean of the School of Computer Science and Mathematics. “We collaborated with BlackRidge, Marist students, faculty, and IT staff to architect and design the solution.”

“The research we have done with BlackRidge Technology is a great example of how Marist College approaches innovation. Including our students as young paraprofessionals with the institution’s strong applied research culture makes Marist unique within higher education,” said Bill Thirsk, Vice President of Information Technology/CIO at Marist College. “Having BlackRidge as a joint research and technology incubation partner further differentiates us. Marist will continue to develop the fraud avoidance system in conjunction with BlackRidge to provide an immutable Hyperledger Fabric blockchain that secures transactions using BlackRidge’s cybersecurity stack.”

Marist College has been a tremendous cybersecurity research partner for BlackRidge, providing access to IT resources and faculty and students to collaborate on our products and solutions. Most recently, we collaborated on providing an active cyber defense for distributed network-based applications including blockchains to protect them from unidentified and unauthorized discovery and access and from DDoS attacks. We look forward to working with Marist to bring to market their hosted blockchain solution secured by BlackRidge,” said Bob Graham, CEO of BlackRidge Technology.

About BlackRidge Technology

BlackRidge Technology provides an adaptive cyber defense solution that enables our customers to deliver more secure and resilient business services in today’s rapidly evolving technology and cyber threat environments. The BlackRidge Adaptive Trust solution provides end-to-end security that proactively isolates cloud services, protects servers and segments networks. Our patented First Packet Authentication™ technology authenticates user and device identity and enforces security policy on the first packet of network sessions. This new level of real-time protection blocks or redirects unidentified and unauthorized traffic to stop attacks and unauthorized access. BlackRidge was founded in 2010 to commercialize its military grade and patented network security technology. For more information, visit www.blackridge.us.

About Marist

Located on the banks of the historic Hudson River and at its Florence, Italy campus, Marist College is a comprehensive, independent institution grounded in the liberal arts. Its mission is to “help students develop the intellect, character, and skills required for enlightened, ethical, and productive lives in the global community of the 21st century.” Marist is consistently recognized for excellence by The Princeton Review (Colleges That Create Futures and The Best 381 Colleges), U.S. News & World Report (9th Best Regional University/North), Kiplinger’s Personal Finance (“Best College Values”), and others. Marist educates approximately 5,000 traditional-age undergraduate students and 1,400 adult and graduate students in 47 undergraduate majors and 15 graduate programs, including fully online MBA, MPA, MS, and MA degrees. For more information, visit www.marist.edu.

Forward-Looking Statements

Statements made in this release include forward-looking statements within the meaning of federal securities laws. Forward-looking statements can be identified by the use of words such as “may,” “will,” “plan,” “should,” “expect,” “anticipate,” “estimate,” “continue,” or comparable terminology. While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, as a result of various factors including those risks and uncertainties described in the Risk Factors and in Management’s Discussion and Analysis of Financial Condition and Results of Operations sections of our Annual Reports on Form 10-K, as may be supplemented or amended by our Quarterly Report on Form 10-Q and other public filings with the Securities and Exchange Commission (the “SEC”), which can be found on the SEC’s website at www.sec.gov. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Media Contact:

Sahl Communications

Kim Plyler

+1-484-554-5582

kim@sahlcomm.com

Investor Relations Contact:

MZ North America

Chris Tyson

+1-949-491-8235

BRTI@mzgroup.us

Marist College:

Bill Thirsk

Vice President of Information Technology/CIO

Information Technology

Marist College

+1-845-575-3475

bill.thirsk@marist.edu

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/blackridge-technology-helps-eliminate-fraud-from-philanthropic-contributions-with-jointly-developed-blockchain-application-300636003.html

SOURCE BlackRidge Technology International, Inc.

Related Links

http://www.blackridge.us

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Kratos Delivers Virtual Machine-Based Satellite Ground Communications Architecture for …

SAN DIEGO, Feb. 27, 2018 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its subsidiary, Kratos RT Logic, delivered a virtual machine software satellite ground communications solution that commands the payload of the Wideband Global SATCOM (WGS) SATCOM satellites. Boeing’s Global SATCOM Configuration Control Element (GSCCE) Evolution program chose Kratos’ virtual solution to replace an older command and control technology.

The delivery includes virtual machine software versions of Kratos’ Front End Processor (vFEP) and Gateway (vGTW) systems. The vFEPs and vGTWs are installed and run in Virtual Machines (VMs) on customer supplied classified and unclassified commercial rack mounted blade servers. The delivery includes 40 vFEPs and 40 vGTW installations, enabling control of a fleet of up to 14 satellites from 5 operation centers supporting 28 separate command and control missions.

Kratos is leveraging its Information Assurance (IA) hardening service with their virtual machine software products to deliver an integrated security solution meeting the demanding requirements of DoD mission systems. The virtual architecture solution gives the power to control a fleet of satellites from multiple operation centers supporting separate command and control missions and also provides control and status of the KS-252 crypto on Boeing’s GSCCE Evolution program.

“The move to a virtual machine-based architecture is part of Kratos’ strategy to deliver resilient, cost-effective ground architectures that are more robust, provide for enhanced space situational awareness (SSA). It will support the Air Force’s Space Enterprise Vision (SEV) with native compatibility for Enterprise Ground Services (EGS) and the Air Force’s Enterprise Space Battle Management Command and Control system (BMC2) now being developed,” said Frank Backes, VP of Business Development for Kratos RT Logic.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops transformative, affordable technology for the Department of Defense and commercial customers. Kratos is changing the way breakthrough technology for these industries are brought to market through proactive research and a streamlined development process. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, training and combat systems. For more information, go to www.KratosDefense.com.

Notice Regarding Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 25, 2016, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

Press Contact:

Yolanda White

858-812-7302 Direct

Investor Information:

877-934-4687

investor@kratosdefense.com

Related:

Kratos (Nasdaq: $KTOS) High Performance Unmanned Aerial Drone Systems Successfully …

(MENAFN – Investors Ideas)

  • Kratos (Nasdaq: $KTOS) High Performance Unmanned Aerial Drone Systems Successfully Complete Flight Test Series with Enhanced Capabilities

    SAN DIEGO – February 9, 2018 (Investorideas.com Newswire) Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced that it has successfully completed a series of flight tests related to its high performance unmanned aerial drone systems. Through the flight test missions, Kratos was able to test and demonstrate numerous upgrades and enhancements to the aerial drone system, and validate the system’s enhanced capability to support Kratos customers and their missions around the globe. Kratos Unmanned Systems business is an industry leader in the rapid design, demonstration and fielding of affordable, high performance jet powered unmanned aerial drone systems used for tactical and threat representation (target) missions. Due to competitive and other considerations, no additional information will be provided.

    Eric DeMarco, President & CEO of Kratos, said, “Kratos’ continued focus on developing increased and enhanced mission capability is extremely important to both our international and domestic customers. These recent successful tests enable us to apply Kratos unmanned aerial drone systems to a rapidly increasing number of mission types with an increasing number of customer sets. As we evolve our capabilities and increase the capability and level of threat representation, we are sharing many of these enhancements across our portfolio of high performance jet powered unmanned aerial drone systems to maintain our technological and low cost advantage in the industry, which is a clear competitive differentiator for Kratos. We are currently working toward a large production contract with a new international customer which we hope to receive in the next several months.”

    About Kratos Defense & Security Solutions

    Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops transformative, affordable technology for the Department of Defense and commercial customers. Kratos is changing the way breakthrough technology for these industries are brought to market through proactive research and a streamlined development process. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, training and combat systems. For more information go to .

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    Notice Regarding Forward-Looking Statements

    Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 25, 2016, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

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    Yolanda White

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    877-934-4687

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    Kratos (Nasdaq: $KTOS) High Performance Unmanned Aerial Drone Systems Successfully Complete Flight Test Series with Enhanced Capabilities

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    Kratos High Performance Unmanned Aerial Drone Systems Successfully Complete Flight Test …

    SAN DIEGO, Feb. 08, 2018 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that it has successfully completed a series of flight tests related to its high performance unmanned aerial drone systems. Through the flight test missions, Kratos was able to test and demonstrate numerous upgrades and enhancements to the aerial drone system, and validate the system’s enhanced capability to support Kratos customers and their missions around the globe. Kratos Unmanned Systems business is an industry leader in the rapid design, demonstration and fielding of affordable, high performance jet powered unmanned aerial drone systems used for tactical and threat representation (target) missions. Due to competitive and other considerations, no additional information will be provided.

    Eric DeMarco, President & CEO of Kratos, said, “Kratos’ continued focus on developing increased and enhanced mission capability is extremely important to both our international and domestic customers. These recent successful tests enable us to apply Kratos unmanned aerial drone systems to a rapidly increasing number of mission types with an increasing number of customer sets. As we evolve our capabilities and increase the capability and level of threat representation, we are sharing many of these enhancements across our portfolio of high performance jet powered unmanned aerial drone systems to maintain our technological and low cost advantage in the industry, which is a clear competitive differentiator for Kratos. We are currently working toward a large production contract with a new international customer which we hope to receive in the next several months.”

    About Kratos Defense & Security Solutions

    Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops transformative, affordable technology for the Department of Defense and commercial customers. Kratos is changing the way breakthrough technology for these industries are brought to market through proactive research and a streamlined development process. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, training and combat systems. For more information go to www.kratosdefense.com.

    Notice Regarding Forward-Looking Statements

    Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 25, 2016, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

    Press Contact:

    Yolanda White

    858-812-7302 Direct

    Investor Information:

    877-934-4687

    investor@kratosdefense.com

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    Kratos Selected to Participate in Air Force TETRAS Program Under $998 Million Multiple Award …

    SAN DIEGO, Calif., Jan. 31, 2018 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that its subsidiary, Kratos RT Logic, is among 14 organizations awarded a shared ceiling, multiple award indefinite-delivery/indefinite-quantity (IDIQ) contract in the amount of $998,000,000 for the Test & Evaluation Technologies for Ranges, Armaments & Spectrum (TETRAS) program.

    The TETRAS program seeks to rapidly develop and apply specialized hardware, software and prototype systems that will be used for the test, training and evaluation of Command, Control, Communications, Computer, Intelligence, Surveillance and Reconnaissance (C4ISR), munitions systems, and electronic combat/countermeasures. The Air Force Test Center at Eglin Air Force Base, Florida, is the contracting authority for the program.

    Kratos is a leading-edge provider of products and service solutions for assured aerospace communications used in defense, civil and commercial applications. These include monitoring range signals and radio frequencies (RF) for the protection of data from satellites and UAVs, along with research, development, test and evaluation of weapon systems, subsystems and components. The TETRAS contract will also provide an acquisition vehicle for Kratos’ broader array of technology and communications solutions from signal processing and RF management, to advanced cybersecurity products, telemetry signal simulators, range receivers, and RF-over-IP technology, as well as, potentially, Kratos’ portfolio of targets and drones.

    According to Frank Backes, VP of Business Development, “At a time when our adversaries have stepped up their resolve to challenge the U.S. strategic space advantage, it is critical that we deploy a more resilient space architecture. The enhancement of range test and evaluation technologies is one of a number of DoD ground initiatives Kratos is actively engaged in, including Enterprise Ground Services (EGS) and the Wideband Communications Architecture Study (WCAS), among others.”

    About Kratos Defense & Security Solutions

    Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops transformative, affordable technology for the Department of Defense and commercial customers. Kratos is changing the way breakthrough technology for these industries are brought to market through proactive research and a streamlined development process. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, training and combat systems. For more information go to www.KratosDefense.com.

    Notice Regarding Forward-Looking Statements

    Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 25, 2016, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

    Press Contact:

    Yolanda White

    858-812-7302 Direct

    Investor Information:

    877-934-4687

    investor@kratosdefense.com

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    Kratos High Performance Unmanned Aerial Drone Systems Successfully Complete Multiple …

    SAN DIEGO, Jan. 30, 2018 (GLOBE NEWSWIRE) — Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading National Security Solutions provider, announced today that numerous of its high performance unmanned aerial drone system aircraft recently successfully completed multiple missions for Kratos’ customers. Varying types of Kratos’ UAS were utilized in these successful missions, with new and unique payloads and mission characteristics all being successfully demonstrated. Kratos Unmanned Systems business is an industry leader in the rapid design, demonstration and fielding of high performance jet powered unmanned aerial drone systems used for tactical and threat representation missions. Due to competitive and other considerations, no additional information will be provided.

    Steve Fendley, President of Kratos Unmanned System Division, said, “The Kratos UAS utilized in these customer sponsored missions include certain of our highest performance and exciting drone platforms, and we are proud to support the warfighter with world leading technology at an affordable cost.”

    About Kratos Defense & Security Solutions

    Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops transformative, affordable technology for the Department of Defense and commercial customers. Kratos is changing the way breakthrough technology for these industries are brought to market through proactive research and a streamlined development process. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, training and combat systems. For more information go to www.kratosdefense.com.

    Notice Regarding Forward-Looking Statements

    Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended December 25, 2016, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Kratos.

    Press Contact:

    Yolanda White

    858-812-7302 Direct

    Investor Information:

    877-934-4687

    investor@kratosdefense.com

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