Sypris Introduces Keyless Security Architecture at GovWare

TAMPA, Fla.--(Antara/BUSINESS WIRE)-- Sypris Electronics, LLC, a subsidiary of Sypris Solutions, Inc. (Nasdaq/NM: SYPR), announced today that it will be demonstrating its SiOMetrics™ keyless security architecture integrated with cloud-based products from Analog Devices, Dell and NEC at the International GovWare Cyber Security Symposium in Singapore from October 6 – 8.





SiOMetrics™ is a breakthrough technology that enables the construction of a truly keyless cryptographic system that does not require the generation, storage or reconstruction of a private key. This unique capability, in combination with other cryptographic features associated with using intrinsic, anti-tamper, hardware-based identity, eliminates many of the complexities, costs and vulnerabilities associated with today’s security solutions.





Commenting on the announcement, Scott Peters, Director of the Sypris Research Center located at Purdue University said, “SiOMetrics™ provides the end-to-end trust that is essential for an Internet of Things (“IoT”) Secure Smart Nation. We will demonstrate the power of SiOMetrics™ in a cloud-based environment, including the keyless authentication of field sensors by Analog Devices, gateways and backend servers by Dell, and “Magic Cloud” security elements by NEC.”





Added Chris Recendez, President and founder of INEX Advisors, “SiOMetrics™ is breaking new ground and doing more to advance new secure IoT markets than anything we have seen in a long time, for the solution employs proven technical approaches that are operationally relevant and cost-effective across IoT’s complex technology stack and commercial relationships.”





“As Secure Smart Nation’s applications continue to grow rapidly, obtaining secure imaging, processing, storage and retrieval is of vital necessity for many applications in safety, critical infrastructure, emergency response and physical access markets. Working with Sypris to integrate SiOMetrics™ Security with Analog Device’s next generation BLiP sensors will be enabling for applications where security is a must,” commented Michael Murray, Vice President and General Manager, Analog Devices Incorporated.





“As the Cyber threat continues to move to center stage for both Government and Industry, we’re looking forward to continuing to work with our partners to bring this proven, ‘first of its kind’ common security architecture for enabling end-to-end trust in IoT, Enterprise, and other applications securing our critical assets, privacy and building Secure Safe Nations,” stated John Walsh, President of Sypris Electronics.





Sypris is a global, integrated security solutions provider serving the Government and Commercial sectors. Sypris is well known for leadership in cryptography, key management, identity authentication and access management, cyber security operations, and associated professional services. Sypris promotes an agile, innovative culture and state of the art solution sets by strategically partnering with leading‐edge technology companies, agencies and universities. With 50 years of experience, Sypris is proud to develop, manufacture and integrate leading technologies that secure our global partners’ interests. For more information, please visit www.sypriselectronics.com.





Analog Devices designs and manufactures semiconductor products and solutions. We enable our customers to interpret the world around us by intelligently bridging the physical and digital with unmatched technologies that sense, measure and connect. Visit http://www.analog.com.





GovWare is an annual event sponsored by the Cyber Security Agency of Singapore, in partnership with the Ministry of Home Affairs and the Infocomm Development Authority of Singapore, bringing together high ranking decision makers from the military, government, critical infrastructure and industry to discuss unique cyber defense strategies, and understand the latest cyber security technologies and innovations available from industry for building a Secure Smart Nation.





This press release contains "forward-looking" statements within the meaning of federal securities laws. Actual results could differ materially from those projected in such forward-looking statements as a result of certain risk factors, including but not limited to those risk factors set forth in the Annual Report on Form 10-K, dated and filed March 12, 2014 with the Securities and Exchange Commission (SEC) by our parent company, Sypris Solutions, Inc. and other filings that Sypris makes with the SEC from time to time.






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