Demand for Doble's Transient Cyber Asset Program Rises

Rhea-AI Summary

Doble Engineering Company, a subsidiary of ESCO Technologies (NYSE: ESE), reported strong growth in its Transient Cyber Asset (TCA) program during the first half of 2020. This growth is driven by a high client renewal rate and significant customer acquisition, particularly among Fortune 500 companies and top U.S. electric utilities. The program addresses new NERC CIP cybersecurity standards, which expand requirements for transient cyber assets. Doble has over 1,000 devices deployed, enhancing security and compliance for utility operations.

Positive

• Record client renewal rate and strong customer acquisition during H1 2020.
• Over 1,000 transient cyber asset devices currently deployed.
• Program aligns with evolving NERC CIP cybersecurity standards, enhancing market relevance.

Negative

• None.

MARLBOROUGH, Mass., June 30, 2020 /PRNewswire/ -- Doble Engineering Company, a leader in power grid diagnostic solutions and subsidiary of ESCO Technologies Inc. (NYSE: ESE), today announced it has seen sustained growth in its Transient Cyber Asset (TCA) program. During the first half of 2020, the company achieved a record client renewal rate and strong customer acquisition growth, especially among the Fortune 500 and top electric utilities in the U.S.

Doble's Transient Cyber Asset program is a comprehensive Managed Security Services (MSS) solution that supports electric utility field crews. As part of the offering, customers can choose from a range of rugged, special-purpose laptops or tablets, called Doble Universal Controllers (DUCs), or use their own transient devices. Doble's expert team hardens the devices to minimize cybersecurity risks and optimizes them for efficient field work. Doble's solution also includes remote management, 24/7 customer support, and compliance monitoring to ensure the devices remain secure and compliant to applicable regulations over their operational lifetime.

Doble's Transient Cyber Asset program is growing due to the continuing evolution of the North American Electric Reliability Corporation's (NERC) critical infrastructure protection (CIP) cybersecurity standards. NERC CIP-003-8, which went into effect in January 2020, expanded transient cyber asset requirements to low impact substations, bringing many more power plants and utilities within scope of the security mandates.

"Transient cyber asset security is a significant security and regulatory issue facing the power industry today. Any laptop or tablet used in a bulk electric system substation must now meet NERC's CIP standards," said Bryan Sayler, president of Doble Engineering Company. "Our program is designed to support utilities of all sizes, working in any application, whether transmission, distribution, conventional generation, or renewable power. Our managed program provides customers and regulators confidence in the security of their critical assets and the ability to meet the new standards. We expect demand for the program to remain high, especially as the cybersecurity and compliance landscape increases in complexity."

Doble's Transient Cyber Asset program was launched in 2015, two years before NERC CIP-010 went into effect. For more than four years, the holistic cybersecurity offering has been widely adopted by leading electric utilities to secure transient devices, such as testing laptops and tablets, which are vectors for spreading malware across critical infrastructure, and ease the burden of implementing NERC CIP compliant testing programs. Doble currently has over 1,000 transient cyber asset devices deployed under the program.

"Cybersecurity is an ongoing and critical challenge to grid reliability. We make it as easy as possible for utilities to adhere to mandates and ensure the highest levels of security, without taking away from productivity in the field," said Gowri Rajappan, director of technology and cybersecurity at Doble Engineering Company. "We've built our offering with multiple, configurable controls to meet companies' unique security needs and help them prioritize the work processes that need to be secured. We also remotely manage monthly updates on fleet devices so field teams get time back in their day to focus on their real job of asset testing and maintenance."

To learn more about Doble's Transient Cyber Asset program, please visit here.

About Doble Engineering Company
The team at Doble Engineering Company ensures reliable, safe, and secure power for all. We do this by providing comprehensive diagnostics and engineering expertise for the energy industry.

Founded in 1920, Doble is committed to the continuing education of our customers, and the support and training of the next generation of power industry workers – uniting the utility sector for an innovative future.

Doble serves customers around the globe; our companies and product lines include ENOSERV, Manta Test Systems, Morgan Schaffer, Vanguard Instruments, and Xtensible Solutions.

Doble is part of the Utility Solutions Group of ESCO Technologies Inc. (NYSE: ESE). For more information, visit: www.doble.com, follow us on Twitter @doble, and connect on LinkedIn.

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SOURCE Doble Engineering Company

FAQ

What is the Transient Cyber Asset program by Doble Engineering?

The Transient Cyber Asset program is a Managed Security Services solution designed to secure laptops and tablets used by electric utility field crews, ensuring compliance with cybersecurity standards.

How has Doble Engineering performed in 2020 regarding client renewals?

Doble Engineering achieved a record client renewal rate in the first half of 2020, indicating strong customer retention.

What impact do NERC CIP standards have on Doble Engineering's business?

The new NERC CIP standards expand security requirements for transient devices, increasing demand for Doble Engineering’s cybersecurity solutions among utilities.

How many transient cyber asset devices does Doble have deployed?

Doble currently has over 1,000 transient cyber asset devices deployed under its program.