HIDDN: Enters into an agreement with UK-based data storage specialist iStorage to broaden product offering in Scandinavia
(Oslo,14 May 2018) Hiddn Solutions ASA (Hiddn, OSE: HIDDN) today announces an agreement with UK-based data storage specialist iStorage Limited (iStorage) for the development and sales of mass-market encryption products. The partnership is an integral part of Hiddn’s strategy to target the consumer market in the Nordic area.
“We are pleased to announce this partnership with iStorage that will strengthen our position in the Nordic consumer market. We have been developing world-class hardware-based encryption products to high-end customers since 1998. By leveraging this platform and iStorage’s technology and knowhow, Hiddn aims at delivering encryption products for consumers across the Nordics,” says Carl Espen Wollebekk, CEO of Hiddn.
Hiddn and iStorage will cooperate to facilitate and produce an external USB disk, based on the award-winning iStorage diskAshur technology and Hiddn’s competence in delivering impenetrable proprietary hardware-based authentication and encryption products. The product will be branded and sold by Hiddn, targeting the consumer market in the Nordic area. The products will be distributed through Hiddn’s distribution agreement with Power, a leading consumer electronics retailer, and sold through 400 Power outlets in Norway, Sweden, Denmark and Finland. The product range will be introduced to Power in May and June this year.
iStorage is a leading developer and producer of PIN authenticated, hardware encrypted data storage devices that include USB Flash Drives, hard drives and Solid State Drives. iStorage recently developed their most secure hard drives (diskAshur range) and have won numerous industry awards for their products, as well as being listed in “The Sunday times Tech Track 100” as one of Britain’s Fastest Growing Companies and being on the FT’s “Top 1000 Europe’s Fastest Growing Companies”. iStorage products are distributed globally to various sectors, including government, finance, legal, IT, broadcast, education and many more.
For further information, please contact:
Carl Espen Wollebekk (CEO), telephone: + 47 930 55 505 /e-mail: firstname.lastname@example.org
About Hiddn Solutions ASA
Hiddn Solutions ASA is a public limited company situated in Oslo, Norway, listed on the Oslo Stock Exchange under the ticker HIDDN. Hiddn is supplying impenetrable proprietary hardware-based authentication and encryption products. Hiddn’s encryption product suite offers a distinctly superior level of safety and ensures that sensitive information stays confidential and unavailable to unauthorised access, even if the device is lost or stolen. Hiddns products are currently being used amongst others by Norwegian Armed Forces, national and Dutch Authorities and on NATO’s Northrop Grumman’s Global Hawks surveillance drone. The Group is also supplying secure cabinets and physical filing systems. For more information, please visit www.hiddnsolutions.com
About iStorage Limited
iStorage is a trusted global leader of PIN authenticated, hardware encrypted data storage devices, that include: USB Flash Drives, Hard Disk Drives, and Solid State Drive formats. iStorage delivers innovative products to securely store and protect data to specified encryption levels, safeguarding valuable information. For more information, please visit www.istorage-uk.com
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.