Viasat, Cyber1st Collaborate to Support Ongoing UK Sovereign Crypto Growth Capabilities

Rhea-AI Summary

Viasat UK Ltd., a subsidiary of Viasat Inc. (NASDAQ: VSAT), has announced a collaboration with Cyber1st to enhance secure voice and data services for commercial customers and the UK Ministry of Defence (MOD). This partnership aims to advance cryptographic capabilities and strengthen network protection against cyber threats. Viasat UK is also establishing a sovereign Cyber Security Operations Centre and is recognized for its unique Type 1 network encryption. The collaboration emphasizes the delivery of high-grade cryptographic solutions, positioning both companies for wider market opportunities.

Positive

• Collaboration with Cyber1st to enhance secure voice and data services.
• Focus on advancing cryptographic capabilities for the UK MOD.
• Establishment of a Cyber Security Operations Centre to combat advanced cyber threats.
• Viasat's unique position in providing Type 1 network encryption.

Negative

• None.

FARNBOROUGH, United Kingdom, July 16, 2020 /PRNewswire/ -- Viasat UK Ltd., a subsidiary of global communications company, Viasat Inc. (NASDAQ: VSAT), today announced an agreement to collaborate with world-class cyber solutions provider, Cyber1st, to deliver secure voice and data capabilities globally to commercial customers, governments, and on an exclusive basis to the UK Ministry of Defence (MOD) and wider defence users.

The agreement further focuses on future crypto solution collaboration to help protect integrated networks from a wide variety of threat vectors. The Viasat UK/Cyber1st relationship builds on established UK sovereign footprints and will leverage the combined team talents for wider global exports in support of the UK prosperity agenda.

"We are excited by the opportunity to deliver advanced security and information assurance solutions to UK MOD and global defence and civilian networks," said Steve Beeching, managing director, Government Systems, Viasat UK Ltd. "Our extensive track record of innovation teamed with Cyber1st's solutions can help advance crypto capabilities and provide the information protection needed to make voice and data services secure for our nation and customers."

Viasat UK is advancing its secure networking capabilities in country. It is both building a sovereign Network and Cyber Security Operations Centre to provide premier cybersecurity services aimed at mitigating against advanced cyber-attacks and creating capabilities to secure mobile devices from the edge to the cloud. Additionally, Viasat UK can leverage Viasat Inc.'s position of being the only company to support Type 1 network encryption for both Layer 2 Ethernet Security Specification (ESS)/Ethernet Data Encryption-Cryptographic Interoperability Specification (EDE-CIS) and Layer 3 High Assurance Internet Protocol Encryption (HAIPE™).

Bob Edge, director of Cyber1st commented, "We are delighted to work closely with Viasat UK as this creates a sovereign, highly-synergistic relationship leveraging our combined engineering skills along with Viasat's long-term vision with respect to Data in Transit and Data at Rest solutions. Viasat will enable Cyber1st to focus on its core High Grade Crypt-Key competences with the confidence that emerging requirements have been fully-qualified through a process of rationalised customer engagement."

About Cyber1st
A UK privately owned Research and Development organisation which specialises in the Research, Development and Manufacture of innovative High Grade Crypt Key solutions.

Viasat UK Ltd.: 
Viasat UK Ltd. provides security and communications expertise to rapidly deliver new sovereign technologies to the UK defence and civilian markets. Specific to the UK defence market, Viasat UK Ltd. works closely with Viasat Inc., which has been recognised for developing an expansive portfolio of capabilities across information assurance, cybersecurity, SATCOM and tactical networking. Today, Viasat's security, encryption, next-generation tactical data links and SATCOM systems are currently used across multiple UK MOD programmes, from the Royal Air Force's new F-35 stealth fighter to Royal Navy warships. To learn more about Viasat, visit: www.viasat.com, go to Viasat's Corporate Blog, or follow the Company on social media at: Facebook, Instagram, LinkedIn, Twitter or YouTube.

Forward-Looking Statement
This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements include statements about the features and benefits of the Viasat UK/Cyber1st teaming agreement; the ability for both parties to be able to serve UK government, commercial and MOD requirements; the ability to offer advancements of crypto capabilities and information protection to make voice and data services secure for customers. Readers are cautioned that actual results could differ materially and adversely from those expressed in any forward-looking statements. Factors that could cause actual results to differ include: contractual problems, product defects, manufacturing issues or delays, regulatory issues, technologies not being developed according to anticipated schedules, or that do not perform according to expectations; and other factors affecting the government and defence sectors as well as communications market generally. In addition, please refer to the risk factors contained in Viasat's SEC filings available at www.sec.gov, including Viasat's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. Viasat undertakes no obligation to update or revise any forward-looking statements for any reason.

Copyright © 2020 Viasat, Inc. All rights reserved. Viasat, the Viasat logo and the Viasat signal are registered trademarks of Viasat, Inc. All other product or company names mentioned are used for identification purposes only and may be trademarks of their respective owners.

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SOURCE Viasat, Inc.

FAQ

What is the recent collaboration involving Viasat (VSAT)?

Viasat UK Ltd. has partnered with Cyber1st to enhance secure voice and data capabilities for the UK Ministry of Defence and commercial customers.

What are the objectives of the Viasat and Cyber1st collaboration?

The collaboration aims to advance cryptographic capabilities and strengthen network security against various cyber threats.

How will Viasat enhance cybersecurity capabilities?

Viasat UK is building a Cyber Security Operations Centre focused on providing advanced cybersecurity services.

What unique encryption capabilities does Viasat offer?

Viasat is the only company supporting Type 1 network encryption for both Layer 2 and Layer 3 security protocols.