HIDDN SIGNS NORDIC DISTRIBUTION AGREEMENT WITH POWER INTERNATIONAL AS
Hiddn and Power International AS (“Power”) have signed an agreement for distribution of Hiddn’s security products in the Nordic region. The agreement will make Hiddn’s security products available in selected major Power outlets in Norway, Sweden, Finland and Denmark, from second quarter of 2018 and facilitate a wide distribution and accessibility of solutions for safe storage to the consumer and business market.
Following the agreement, Hiddn will introduce a new and reasonably priced product range to better target Power’s key customers. The first order is anticipated to be in triple digits. New orders will depend on market demand and sales figures, but both Power and Hiddn have expectations of growing demand from both the consumer and the business market going forward. Hiddn has also been engaged to educate and train Power employees to meet the growing demand for skills and knowledge about IT security and safe storage of sensitive and valuable data.
For further information, please refer to the attached press release.
Oslo, 16 January 2018
Hiddn Solutions ASA
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
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.