INTRUSION Seeks to Fill Key Executive Positions to Drive Growth
October 19 2020 - 7:30AM
Business Wire
INTRUSION Inc. (NASDAQ: INTZ), a leading provider of
entity identification, high speed data mining, cybercrime and
advanced persistent threat detection services, announced today that
it is actively engaged in a search process to expand its executive
team in support of its growth strategy centered on its
revolutionary INTRUSION Shield™ solutions. In addition to
identifying a new Vice President of Sales and Vice President of IT,
the company is also searching for a new CFO to replace long-time
executive, Michael L. Paxton, who announced that he will be
retiring by the end of this year. Paxton will continue to perform
his current duties until a successor is named and an orderly
transition is completed, and will remain a member of INTRUSION’s
board of directors after his retirement.
“INTRUSION is targeting new markets in the cybersecurity
industry with its innovative Shield solutions that offer
significant opportunities for the company,” said Jack Blount,
INTRUSION’s CEO. “In order to capitalize on this expected
growth, we will be expanding our executive team with experienced
leaders to help drive these exciting initiatives into the
enterprise market. We will be leveraging the powerful Value-Added
Reseller channel as well as the Managed Security Service Providers
channel to deliver our unique and proven AI cybersecurity solution
to customers looking to enhance their current cyber defenses. I
would also like to sincerely thank Michael for his dedicated,
30-year service to the company and wish him well in his retirement.
I know he has worked hard for many years to support
INTRUSION’s comprehensive efforts to support the DoD and
major corporations in their constant battle against cybercrime and
cyberwarfare.”
About INTRUSION Inc.
INTRUSION Inc. is a global provider of entity
identification, high speed data mining, cybercrime and advanced
persistent threat detection solutions. INTRUSION’s solution
families include TraceCop™ for identity discovery and
disclosure, and Savant™ for network data mining and advanced
persistent threat detection. INTRUSION’s solutions help
protect critical information assets by quickly detecting,
protecting, analyzing and reporting attacks or misuse of
classified, private and regulated information for government and
enterprise networks. For more information, please visit
www.intrusion.com.
Cautionary Statement Regarding Forward Looking Information
This release may contain certain forward-looking statements,
which reflect management's expectations regarding future events and
operating performance and speak only as of the date hereof. These
forward-looking statements involve a number of risks and
uncertainties. Such statements include, without limitation,
statements regarding the anticipated benefits from expanding the
Company’s management team, leveraging new business channels, and
our expectations for the new INTRUSION Shield solution, as
well as other statements. These statements are made under the "safe
harbor" provisions of the Private Securities Litigation Reform Act
of 1995 and involve risks and uncertainties which could cause
actual results to differ materially from those in the
forward-looking statements. These factors include, without
limitation, uncertainties related to the success of hiring efforts,
the benefits of a new and expanded senior management team, and the
successful introduction and deployment of our new INTRUSION
Shield, and other facts and circumstances that might cause
actual results to differ materially from our current expectations,
some of which are detailed in the Company's most recent reports on
Form 10-K and Form 10-Q, particularly under the heading “Risk
Factors.”
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IR Contact Joel Achramowicz sheltonir@sheltongroup.com P:
415-845-9964
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