ST. PETERSBURG, Fla.,
Oct. 31, 2011 /PRNewswire/ -- Infrax
Systems, Inc., (OTCBB: IFXY), a global provider of unified Smart
Grid-related products and services for the Energy and Utility
industries, announced their inclusion in the recently released Pike
Research Smart Grid Cyber Security report. Infrax Systems was
listed as one of the key industry players in Smart Grid Cyber
Security. This report concludes that initiative to secure
utilities' infrastructure will increase investment in cyber
security systems to $14.0 billion by
2018.
As per Pike Research; The North American Electric Reliability
Corporation (NERC) has begun issuing fines for non-compliance with
its CIP reliability standards. Utilities believe that they will see
greater benefits from Distribution Automation than from Advanced
Metering Infrastructure (AMI) and Pike Research's forecasts
indicate greater spending in that area. Much has changed for the
positive. Unfortunately, one thing has not changed. Cyber security
is still way behind the attackers. Even where strong
countermeasures exist, they are not consistently deployed.
More sophisticated attackers look at smart grids from a
systemic perspective while often the defenses have been installed
in piecemeal fashion, without an architecture. This hands an
enormous advantage to the attackers.
This Pike Research report assesses the threats and
vulnerabilities that confront smart grid technologies, to arrive at
an analysis of the most significant cyber security investments and
market opportunities. The report includes a detailed examination of
key market drivers and barriers, along with profiles of key
industry players and global forecasts, segmented by region and
application area, for smart grid cyber security revenue through
2018.
Pike Research is a market research and consulting firm that
provides in-depth analysis of global clean technology markets. The
company's research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of
these industry sectors. For more information, visit
www.pikeresearch.com.
About Infrax Systems
Infrax Systems offers a series of interrelated operational
management, communications, and grid security related products and
services known as Secure Intelligent Energy Platform (SIEP). Our
products enable a comprehensive and unified solution for
communications and applications management of the Smart Grid. SIEP™
incorporates a wide array of communications, security, device and
data management tools for Smart Grid applications such as advanced
metering solutions and grid optimization. SIEP platform creates a
unified solution to securely manage Advanced Metering
Infrastructure (AMI) and distribution automation. Infrax's secure
smart grid platform, incorporates a communications transport and
management system, (Grid Mesh™) , device and data security
management, and ultimately secures intelligent endpoint devices
(SIED). The secure management of the "last mile" backhaul will be
necessary for utilities to implement Smart Grid applications
including AMI, real-time pricing, Demand Side Management (DSM),
Distribution Monitoring and Automation. When combined, these
applications can offer economic, operational and environmental
benefits for utilities, and ultimately the utility's customers.
For INFRAX Systems information,
contact Investors@Infraxinc.com or
visit www.infraxinc.com.
Forward-Looking Statements
This press release may contain forward-looking statements
covered within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements relate to,
among other things, plans and timing for the introduction or
enhancement of our services and products, statements about future
market conditions, supply and demand conditions, and other
expectations, intentions and plans contained in this press release
that are not historical fact and involve risks and uncertainties.
Our expectations regarding future revenues depend upon our ability
to develop and supply products and services that we may not produce
today and that meet defined specifications. When used in this press
release, the words "plan," "expect," "believe," and similar
expressions generally identify forward-looking statements. These
statements reflect our current expectations. They are subject to a
number of risks and uncertainties, including, but not limited to,
changes in technology and changes in pervasive markets.
Contact:
Media Contact:
Infrax Systems, Inc.
investors@infraxinc.com
727-498-8514
SOURCE Infrax Systems, Inc.