| Highlights |
Matrikon’s Industrial Security and Compliance (IS&C) team solutions employ
the latest technology along with business process, procedural development
and staff training to secure critical business and operating assets
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Edmonton, Alberta – March 6, 2008
Matrikon Inc. (TSX:MTK) is pleased to announce the implementation and deployment of a process control and IT network security solution at a major industrial site. The multi-year, multi-million dollar project has reached a milestone resulting in the receipt of an additional $1.1 million purchase order. Work on this project is expected to extend to the end of calendar year 2008.
The solution includes technical, procedural and training components developed by Matrikon’s Industrial Security and Compliance team (IS&C). Matrikon’s IS&C team has been securing industrial facilities for over 10 years and is recognized for its expertise in the field of cyber security and in particular for its understanding of the unique security requirements in industrial settings.
The cyber security solution employs the latest technology along with business process change, procedural development and staff training to secure critical business and operating assets.
“We are pleased to have the opportunity to assist a leading North American company with securing their critical assets from harm or misuse,” said Rick Kaun, IS&C practice leader at Matrikon. “This comprehensive, end-to-end program is unique and puts this client at the leading edge of industrial security by simultaneously addressing the three critical areas of a proper security program: people, process and technology. Through our commitment to innovation and value, the solutions we develop and deploy are relevant to the needs of industry today and will remain an integral part of their successful operation in the future.”
The security solution is based on industrial best practices as outlined by groups including the ISA (International Standards Association), NERC (North American Electric Reliability Corporation), and NPRA (National Petrochemical and Refiners Association).
About Matrikon
Matrikon (www.matrikon.com) is a leading provider of integrated industrial intelligence solutions that enable manufacturing plants to achieve operational excellence by transforming production data into knowledge to predict and prevent problems and optimize operations. Matrikon's customers achieve agile operations through the combination of external market and plant data to make informed, intelligent decisions in real-time. With offices in major cities throughout North America, Australia, Europe and the Middle East and a global client base including industry leaders in a wide range of process industries, Matrikon's reach is global.
Matrikon is a registered trademark of Matrikon Inc.
For more information, contact:
Nicole Sayler
Matrikon Investor Relations
780-945-4010
877-628-7456 x 4010
email: nicole.sayler@matrikon.com
This news release may contain forward-looking statements, including statements regarding the business and anticipated financial performance of Matrikon Inc. Forward looking statements involve risks and uncertainties related to our business and the general economic environment, many beyond our control. These risks, uncertainties and other factors could cause our actual results to be materially different. Some of the factors that could cause such differences include exchange rate fluctuations, market demand for our products and services, the general state of the economy, our ability to execute projects and deliver solutions, our ability to retain and attract qualified employees and contain payroll expenses, the availability of credit lines and future financing, legal claims, our ability to integrate operations following acquisitions, our ability to address the challenges of international operations and other factors. These risks are discussed in our 2007 annual report. Our 2007 annual report is available on our website at http://www.matrikon.com/corporate/investors/financial/a-reports.aspx or on SEDAR at www.sedar.com
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