NETGEAR TO JOIN THE OPEN SECURITY AND SAFETY ALLIANCE
Empowering the next generation of security technologies and products through a common approach and collaboration through close partnerships
San Jose, CA, September 23, 2019 – Today, NETGEAR®, Inc. (NASDAQ:NTGR), the leading provider of networking products that power today’s small and medium businesses, announced that the company has joined the Open Security and Safety Alliance (OSSA) to align with leading camera and video management vendors and further develop innovative solutions for video surveillance and physical security products in general.
The physical security industry anticipates an explosive growth in the next ten years both in security IoT devices and in the increasingly sophisticated use of data captured by the IoT devices. This growth must be sustained by a robust end-to-end intelligent and secure architecture, spanning across an intranet and the internet. NETGEAR, a proven leader in the SMB networking industry, has shipped millions of products annually connecting tens of millions of devices through the NETGEAR network infrastructure. Supported by a comprehensive and advanced set of network features, the widest range of product, and a proven cloud infrastructure, NETGEAR has a reputation of security, durability, reliability, and ease-of-use, at affordable price points. With surveillance cameras running applications and connecting to cloud-based services to enable the use of Artificial Intelligence and Machine Learning, the need to safeguard these connections via a robust and secure network becomes increasingly more crucial.
As private and state-sponsored cyber-attack activities have been on the rise, the security and safety of video data have become of paramount concern among manufacturers, service providers and their customers. NETGEAR is uniquely qualified to address this concern with the Insight network management solution. The NETGEAR Insight remote management system provides secure cloud management services for millions of connected network devices. From the Insight cloud portal, or even from the Insight app from a smart phone, security service providers can now remotely manage network connections to cameras and quickly detect any interruptions in service or malicious activities.
“We at NETGEAR believe that there will be an exponential growth of surveillance IoT devices running through IP networks, both wired and wireless, in the next decade. An end-to-end security architecture will be the bedrock of the surveillance network,” said Richard Jonker, vice president of product management for SMB products at NETGEAR. “We are looking forward to working with like-minded companies to develop a platform that will power the surveillance industry for years to come.”
The alliance is a collaboration initiative that brings together like-minded organizations to develop standards and specifications for common components, including an operating system, IoT infrastructure, collective approach for data security and privacy, and a drive for improved levels of performance for security and safety solutions.
Today, this alliance represents many leading companies in the security, safety, building automation solutions, and associated industries.
The OSSA initiative will help the surveillance market and its vendors to focus on the aspects that significantly add value for their customers and open up new application possibilities, even beyond security and safety.
Visit NETGEAR.com to learn more about NETGEAR Insight worry-free cloud network management
About NETGEAR, Inc.
NETGEAR® (NASDAQ: NTGR) has pioneered advanced networking technologies for homes, businesses, and service providers around the world since 1996 and leads the industry with a broad range of award-winning products designed to simplify and improve people’s lives. By enabling people to collaborate and connect to a world of information and entertainment, NETGEAR is dedicated to delivering innovative and advanced connected solutions ranging from mobile and cloud-based services for enhanced control and security, to smart networking products, video over Ethernet for Pro AV applications, and performance gaming routers to enhance online game play. The company is headquartered out of San Jose, Calif. with offices located around the globe. More information is available from the NETGEAR Investor Page or by calling (408) 907-8000. Connect with NETGEAR: Twitter, Facebook, Instagram and the NETGEAR blog at NETGEAR.com.
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* Actual data throughput and wireless coverage will vary. Network conditions and environmental factors, including volume of network traffic, building materials and construction, and network overhead, lower actual data throughput rate and wireless coverage. NETGEAR makes no express or implied representations or warranties about this product’s compatibility with any future standards.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for NETGEAR, Inc. : This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Specifically, statements concerning NETGEAR's business and the expected performance characteristics, specifications, reliability, market acceptance, market growth, specific uses, user feedback and market position of NETGEAR's products and technology are forward-looking statements within the meaning of the Safe Harbor. These statements are based on management's current expectations and are subject to certain risks and uncertainties, including, without limitation, the following: the actual price, performance and ease-of-use of NETGEAR's products may not meet the price, performance and ease-of-use requirements of customers; product performance may be adversely affected by real world operating conditions; failure of products may under certain circumstances cause permanent loss of end user data; new viruses or Internet threats may develop that challenge the effectiveness of security features in NETGEAR's products; the ability of NETGEAR to market and sell its products and technology; the impact and pricing of competing products; and the introduction of alternative technological solutions. Further information on potential risk factors that could affect NETGEAR and its business are detailed in the Company's periodic filings with the Securities and Exchange Commission. NETGEAR undertakes no obligation to release publicly any revisions to any forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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