Dallas, Texas 04/17/2014 (FINANCIALSTRENDS) – News related to Wave Systems Corp. (NASDAQ:WAVX) was part of steady stream of headlines in the financial press over the past few days. The latest was the Lee based firm’s joint announcement with Micron Technology, Inc. (NASDAQ:MU) that they have decided to broaden their existing strategic relationship to develop new solutions which are built to increase the protection and defence abilities of online users from emerging online threats which are being launched from harmless looking embedded platforms and new age computing devices.
The two firms have decided to pool in their efforts to focus on developing new technologies which would strengthen a enterprises ability to proactively detect and neutralize new age online threats which try to contaminate and take control of data which lies in a variety of IP connected digital and house hold equipment in the form of malware.
The two firms have analyzed that with the growing adoption of “internet of everything” concept in households and enterprises alike, which consists of a seamless interlinking of cloud based data and locally present information on IP based devices, the need for such proposed solutions which offer a comprehensive security offering which covers and protects both hardware and software is the need of the hour.
Wave Systems Corp. (NASDAQ:WAVX) President, Chief Executive Officer and Director William M. Solms has been quoted to have explained the working relationship with Micron in these words. “We’re pleased to be working with Micron in developing advanced solutions that combine hardware and software security protection. Our expanded agreement will allow us to build on our existing software solutions and take security of client applications to the next level.”
The deepening of the existing relationship between the two firms is expected to help save R&D costs while doubling their R&D capacity to bring out new technology by the second half of 2014 as per the joint press statement.
