McLean, VA (September 1, 2021) – IronNet, Inc. (NYSE: IRNT) (“IronNet”), an innovative leader transforming cybersecurity through Collective Defense, welcomes Intuitive Machines into the first Collective Defense Community for Space, which is designed to provide real-time, automated attack intelligence to defend the space development industry against cyberattacks. IronNet is a leading provider of AI-based network detection and response (NDR) capabilities and the only cybersecurity company offering a Collective Defense platform for correlating attack intelligence across organizations to enable proactive cyber defense.
Intuitive Machines is poised to be the first commercial lander on the Moon, the first to explore previously inaccessible lunar surface craters and other regions of the Moon, and the first lander at the lunar south pole. Steve Altemus, President and CEO of Intuitive Machines, said, “We have inspirational goals that depend on incredible amounts of sophisticated technology and intellectual property, as well as complex mission operations. I take the security of these operations very seriously and we are committed to bringing the most advanced cyber defense available on board, keeping our teams focused on the audacious mission of opening the lunar economy safely to the world.”
Intuitive Machines’ IM-1 mission, which will carry numerous experiments to the lunar surface while commissioning its worldwide lunar communications network and Nova Mission Control Center, is targeted for early 2022. Later that year, IM-2 will focus on a lunar mission to the south pole and launch its first cislunar communications relay satellite – joining a growing collection of the critical components that IronNet’s Collective Defense platform and cyber operations hunt team will monitor for cyber anomalies.
A transformative strategy for protecting space
IronNet’s Collective Defense Community for Space applies AI-based network detection and response, along with an embedded expert system that rates and prioritizes alerts and integrated hunt services to detect new and unidentified cyberattack behaviors. Community members can share attack intelligence anonymously and in real time for collaboration within a secure environment.
Together, these capabilities provide organizations enhanced visibility into the entire attack landscape and support often under-resourced security teams with actionable information and contextual insight from IronNet’s team of experienced hunters, who have defended some of the most critical commercial and national-level networks against sophisticated nation-state threats. Communities can comprise organizations in a state, country, supply chain, or, as in the case of the space development initiative, a customized grouping across a specific industry sector.
Remarking on the critical importance of protecting new space missions across both public and private entities, Jack Fischer, VP of Strategic Programs at Intuitive Machines, said, “We understand the crucial value that the Collective Defense platform provides — via the shared real-time attack intelligence and response — and that value is exponentially greater as the number of entities sharing that information grows. This approach shows great potential to help protect the U.S. space program and allow us within the space industry to focus our efforts on our mission goals.”
IronNet founder General (Ret.) Keith Alexander said, “We founded IronNet to build a more effective cybersecurity solution that brings companies together to share intelligence and create a more effective, efficient, and scalable cyber solution than anything that is on the market today. We are inspired by the work that Intuitive Machines is doing, and we are committed to applying our experience in defending networks across the globe to defending Intuitive Machines, both on Earth and in space.”
IronNet uniquely supports the leaders who are pioneering the commercial space and critical infrastructure sectors to accelerate cybersecurity in the space development industry. Bringing IronNet’s expertise and technology to this innovative sector will ensure that Intuitive Machines’ forward-thinking strategies and action plans progress securely in order to protect the company’s intellectual capital.
About IronNet, Inc.
Founded in 2014 by GEN (Ret.) Keith Alexander, IronNet, Inc. (NYSE: IRNT) is a global cybersecurity leader that is transforming how organizations secure their networks by delivering the first-ever Collective Defense platform operating at scale. Employing a high number of former NSA cybersecurity operators with offensive and defensive cyber experience, IronNet integrates deep tradecraft knowledge into its industry-leading products to solve the most challenging cyber problems facing the world today.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding IronNet’s expectations with respect to its growth, expansion of the cybersecurity market and customer growth opportunities for IronNet, and IronNet’s ability to strengthen the security profiles of its customers and partners. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside IronNet’s management’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: IronNet’s inability to recognize the anticipated benefits of collaborations with IronNet’s partners and customers; IronNet’s ability to execute on its plans to develop and market new products and the timing of these development programs; IronNet’s estimates of the size of the markets for its products; the rate and degree of market acceptance of IronNet’s products; the success of other competing technologies that may become available; IronNet’s ability to identify and integrate acquisitions; the performance of IronNet’s products; potential litigation involving IronNet; and general economic and market conditions impacting demand for IronNet’s products. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described under the heading “Risk Factors” in the proxy statement/prospectus filed with the Securities and Exchange Commission (the “SEC”) on August 6, 2021 and other documents that IronNet has filed or will file with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and IronNet does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
