Start » New success in critical infrastructure for Advenica – energy company places order worth MSEK 4

New success in critical infrastructure for Advenica – energy company places order worth MSEK 4

Advenica continues to grow within critical infrastructure. The Swedish provider of cybersecurity solutions deepens its cooperation with one of Sweden's larger energy companies. The newly signed agreement includes products and services allowing the customer to rapidly reinforce protection and be better prepared for compliance with GDPR, NIS and the upcoming Swedish security protection legislation.

Cooperation commenced late 2017 when Advenica and the energy company reviewed the information security of the company. This initial work led to the customer taking the next step to significantly reduce external and internal cybersecurity risks.

The new order includes services and products that make it possible to protect critical operations by ensuring the integrity of the subsystems without waiving modern communication possibilities. The order value is nearly MSEK 4. Delivery will take place during 2018, with main emphasis Q1 and Q2.

When Advenica’s delivery is completed, the energy company will have improved control over the IT environment and be well-prepared to meet the upcoming regulatory requirements for information security.

Energy production and distribution is one of many operations affected by both GDPR and the NIS Directive, introduced in May this year, as well as by the new Swedish security protection legislation, which will be introduced on April 1, 2019. The regulations require systematic and risk-based analysis, as well as preventive security measures.

“We are delighted that more energy companies realize the business value of proactive and strategic cybersecurity work. Together with Advenica’s expertise and certified technology, a number of information security challenges are solved through concrete measures, which can be shown to supervising authorities”, says Einar Lindquist, CEO, Advenica AB.

The nature and circumstances of the industry regarding the delivery and the customer means that further information about the customer will not be published.

For more information, please contact: Einar Lindquist, CEO Advenica AB, +46 (0)704 29 98 39, einar.lindquist@advenica.com

This information is information that Advenica AB is obligated to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08.50 a.m. CET on March 06, 2018.

About Advenica

Advenica provides expertise and world-class high assurance cybersecurity solutions for critical data in motion up to Top Secret classification. We enable countries, authorities and companies to raise information security and digitalise responsibly. Founded in 1993, we are EU approved to the highest level of security. Our unique products are designed, developed and manufactured in Sweden. Read more at www.advenica.com

Advenica AB is a publicly traded company listed on Nasdaq First North Premier with the name ADVE. Certified Adviser is Erik Penser Bank, phone +46 (0)8 463 83 00, www.penser.se

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