CORK, Ireland, Sept. 15, 2021 /PRNewswire/
-- Johnson Controls (NYSE: JCI), the global leader for
smart, healthy and sustainable buildings, selected Tempered
Networks to provide best-in-class secure communications and network
management for its OpenBlue services, further advancing
cybersecurity leadership for the company's smart buildings
technology ecosystem.
We enable smart buildings with industry-leading secure remote
access tech and AI-driven security - CTO Vijay Sankaran
The agreement allows Johnson Controls to deploy Tempered Airwall
as a core component of OpenBlue service offerings to protect
building automation customers worldwide. OpenBlue serves
many different industries including commercial and civic
workplaces, hospitals, schools, campuses, and stadiums.
"The acceleration of digital transformation means our customers
are realizing the benefits of operating smart buildings that are
increasingly data-enabled and require the strongest levels of
cybersecurity", said Vijay Sankaran,
vice president and chief technology officer at Johnson Controls.
"By leveraging security technology from Tempered Networks, we
enable smart buildings with industry-leading secure remote access
technology and AI-driven security insights to help OpenBlue
customers manage risk and simplify network management, allowing
them to deliver a great occupant experience."
Tempered Airwall will be integrated into OpenBlue Bridge
technology, a gateway for secure edge to cloud communications.
"We are enabling Johnson Controls technicians to securely access
and manage equipment at a customer site from anywhere using zero
trust software defined networking and military-grade encryption,
rendering building systems invisible to unauthorized users and
potential attacks," said Jason
Christman, vice president and chief product security officer
at
Johnson Controls.
Johnson Controls new OpenBlue services that leverage the
Tempered Airwall platform will be available globally and addresses
clear demand for improved cybersecurity and management.
"Critical infrastructure is being hacked daily because digital
transformation has made it vulnerable. The network solutions
that worked in the past, like adding yet another firewall, are no
longer effective", said Keith
Beeman, CEO of Tempered Networks. "With Airwall's
native zero trust platform, building automation systems can now be
safely and optimally managed from anywhere."
The integration of Lynwood, Washington-based Tempered Network's security
technology further advances OpenBlue Services leadership in
cybersecurity, building on recent partnerships with Pelion and
DigiCert to provide advanced secure device management and digital
trust for smart building technology.
To learn more about Johnson Controls' approach to cybersecurity,
please visit www.johnsoncontrols.com/cybersolutions.
To learn more about Tempered Networks and Tempered Airwall,
please visit https://tempered.io.
About Johnson Controls:
At Johnson Controls (NYSE: JCI) we transform the environments
where people live, work, learn and play. As the global leader in
smart, healthy and sustainable buildings, our mission is to
reimagine the performance of buildings to serve people, places and
the planet.
With a history of more than 135 years of innovation, Johnson
Controls delivers the blueprint of the future for industries such
as healthcare, schools, data centers, airports, stadiums,
manufacturing and beyond through its comprehensive digital offering
OpenBlue. With a global team of 100,000 experts in more than 150
countries, Johnson Controls offers the world`s
largest portfolio of building technology, software as well
as service solutions with some of the most
trusted names in the industry. For more information,
visit www.johnsoncontrols.com or follow us
@johnsoncontrols on Twitter.
About Tempered Networks
Tempered Airwall protects critical infrastructure with the
industry's only, truly native Zero Trust platform. Think of us as
the virtual air gap protecting the systems in a smart building, the
medical devices in a hospital, the machines in a factory floor.
These are all use cases we solve today. Airwall helps you easily
secure things and facilities while still allowing you to monitor
and connect to them remotely, from anywhere. For more information
visit https://tempered.io.
JOHNSON
CONTROLS
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INVESTOR
CONTACTS:
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MEDIA
CONTACTS:
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Antonella
Franzen
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Chaz
Bickers
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Direct:
609.720.4665
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Direct:
224.307.0655
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Email:
antonella.franzen@jci.com
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Email:
charles.norman.bickers@jci.com
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Ryan
Edelman
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Michael
Isaac
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Direct:
609.720.4545
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Direct: +41 52
6330374
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Email:
ryan.edelman@jci.com
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Email:
michael.isaac@jci.com
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TEMPERED
NETWORKS:
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Mauricio Gonzalez de
la Fuente
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Direct: +1
425-443-8689
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Email:
m.gdlf@tempered.io
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Johnson Controls International
plc Cautionary Statement Regarding
Forward-Looking Statements
Johnson Controls International
plc has made statements in this communication that are
forward-looking and therefore are subject to risks and
uncertainties. All statements in this document other than
statements of historical fact are, or could
be, "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. In this
communication, statements regarding
Johnson Controls' future financial position, sales,
costs, earnings, cash flows, other measures of results of
operations, synergies and integration opportunities,
capital expenditures and debt levels are
forward-looking statements. Words such as "may," "will," "expect,"
"intend," "estimate," "anticipate," "believe," "should,"
"forecast," "project" or "plan" and terms of similar
meaning are also generally intended to identify forward-looking
statements. However, the absence of these words does not mean
that a statement is not forward-looking. Johnson Controls
cautions that these statements are subject to numerous important
risks, uncertainties, assumptions and other factors, some of which
are beyond Johnson Controls' control, that could cause
Johnson Controls' actual results to differ
materially from those expressed or implied by such forward-looking
statements, including, among others, risks related to: Johnson
Controls' ability to manage general economic, business, capital
market and geopolitical conditions, including global inflation and
component shortages; Johnson Controls' ability to manage the
impacts of natural disasters, climate change, pandemics and
outbreaks of contagious diseases and other adverse public health
developments, such as the COVID-19 pandemic; the strength of
the U.S. or other economies; changes or uncertainty in laws,
regulations, rates, policies or interpretations that impact Johnson
Controls' business operations or tax status; the ability to develop
or acquire new products and technologies that achieve market
acceptance; changes to laws or policies governing foreign trade,
including increased tariffs or trade restrictions; maintaining the
capacity, reliability and security of Johnson Controls' enterprise
and product information technology infrastructure; the risk of
infringement or expiration of intellectual property rights;
any delay or inability of Johnson Controls to
realize the expected benefits and synergies of recent
portfolio transactions such as its merger with Tyco and the
disposition of the Power Solutions business; the outcome of
litigation and governmental proceedings; the ability to hire and
retain key senior management; the tax treatment of recent
portfolio transactions; significant transaction costs and/or
unknown liabilities associated with such transactions; the
availability of raw materials and component products; fluctuations
in currency exchange rates; labor shortages, work stoppages, union
negotiations, labor disputes and other matters associated with the
labor force; the cancellation of or changes to commercial
arrangements. A detailed discussion of risks related to
Johnson Controls' business is included in the section entitled
"Risk Factors" in Johnson Controls' Annual Report on Form 10-K for
the year ended September 30, 2020 filed with the United States
Securities and Exchange Commission ("SEC") on November 16,
2020, which is available at www.sec.gov and www.johnsoncontrols.com
under the "Investors" tab. Shareholders, potential investors and
others should consider these factors in evaluating the
forward-looking statements and should not place undue reliance on
such statements. The forward-looking statements included in
this communication are made only as of the date of this
document, unless otherwise specified, and, except as required by
law, Johnson Controls assumes no obligation, and disclaims any
obligation, to update such statements to reflect events or
circumstances occurring after the date of this
communication.
Forward Looking Non-GAAP Financial Metrics
The Company
has presented forward-looking statements regarding, organic revenue
growth, adjusted segment EBITA margin, and adjusted earnings per
share, which are non-GAAP financial measures. These forward-looking
non-GAAP financial measures are derived by excluding certain
amounts, expenses, or income from the corresponding financial
measures determined in accordance with GAAP. The Company defines
organic revenue growth as revenue growth excluding the effect of
acquisitions, divestitures and foreign currency. The Company
defines segment EBITA as income (loss) from continuing operations
before income taxes and noncontrolling interests, excluding general
corporate expenses, intangible asset amortization, net financing
charges, restructuring and impairment costs, and the net
mark-to-market adjustments related to restricted asbestos
investments and pension and postretirement plans. Adjusted segment
EBITA excludes special items because these items are not considered
to be directly related to the underlying operating performance of
the Company's businesses. Management believes that organic growth,
segment EBITA, adjusted segment EBITA and adjusted segment EBITA
margin are useful to investors in understanding the ongoing
operations and business trends of the Company. Free cash flow is
defined as cash provided by operating activities less capital
expenditures. Free cash flow conversion is defined as adjusted free
cash flow divided by adjusted net income. Management believes these
non-GAAP measures are useful to investors in understanding the
strength of the Company and its ability to generate cash. Adjusted
earnings per share is defined as earnings per share, less
integration costs, net mark-to-market adjustments, restructuring
and impairment costs, transaction costs and other nonrecurring
costs, Power Solutions divestiture reserve adjustment and discrete
tax items. The Company excludes these items because they are not
considered to be directly related to the underlying operating
performance of the Company. Management believes adjusted EPS is
useful to investors in understanding the ongoing operations and
business trends of the Company.
The determination of the amounts that are excluded from these
non-GAAP financial measures are a matter of management judgment and
depends upon, among other factors, the nature of the underlying
expense or income amounts recognized in a given period, including
but not limited to the high variability of the net mark-to-market
adjustments and the effect of foreign currency exchange
fluctuations. Our fiscal 2021 full year and fiscal 2022-2024
guidance for organic revenue also excludes the effect of
acquisitions, divestitures and foreign currency.
We are unable to present a quantitative reconciliation of the
aforementioned forward-looking non-GAAP financial measures to their
most directly comparable forward-looking GAAP financial measures
because such information is not available and management cannot
reliably predict all of the necessary components of such GAAP
measures without unreasonable effort or expense. The unavailable
information could have a significant impact on the Company's GAAP
financial results.
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SOURCE Johnson Controls International plc