Wedge and its WedgeARP™ Technology Chosen for the Digital Technology Program as a Result of the Product’s Innovative Differentiated IP, Strong Growth Potential and Competitive Advantage
09 April 2021 – CALGARY, Canada and TAIPEI, Taiwan: Wedge Networks, a global leader in software defined Orchestrated Real-time Threat Prevention, today announced that it has been selected to participate in the Canadian Government’s Technology Accelerator (CTA) Program in Taipei, Taiwan. The CTA initiative, organized through the Canadian Trade Commissioner Service (CTCS), helps Canadian companies with existing technologies explore growth opportunities and expand commercialization in foreign markets; by providing mentoring and introductions to potential partners, investors and customers. Chosen through a highly competitive selection process, the CTCS and a panel of industry experts review applicants and select the strongest and most innovation Canadian companies with highly impactful technology and solutions for exclusive participation.
The CTA program in Taipei, in partnership with local accelerator Garage+, is focused on Canadian tech companies with AI or innovative digital solutions in ICT, 5G, Smart Healthcare, Smart Manufacturing, Smart City, Fintech and any other applied areas to participate in the upcoming CTA Taipei Digital Cohort.
The CTA Taipei Digital Cohort is a non-equity and free-of-charge program that helps Canada’s innovative digital SMEs immerse themselves in the leading Digital ecosystems in Taiwan. This program supports companies by providing access to local mentors, investors, major industry players and innovation partners. Via the CTA program, Canadian companies gain a deeper understanding of the market opportunities for their technology in Taiwan with potential clients, partners and investors.
Wedge Networks and its built-in-Canada WedgeARP™ platform provides network-based, real-time threat prevention for all types of endpoints in a wide range of networks (mobile data, 5G, SD-WAN, SASE, enterprise and carrier networks, SDN, and smart-city/IIoT). With an embedded deep learning AI engine and patented real-time deep content inspection technology, WedgeARP™ can detect never-before-seen malware in milliseconds. Running on an orchestrated threat management platform, it is an effective and autonomous approach to enable large-scale real-time threat prevention solving the problem of the “Expanding Security Gap”.
“Wedge Networks is pleased and excited to be chosen to participate in the CTA Program for Taipei in the Spring cohort,” stated Mr. Rob Fong COO & CFO of Wedge Networks. “By selecting Wedge for this business accelerator program it provides strong credibility to our WedgeARP™ platform and our company as a whole as it emphasizes the Canadian Government’s trust in our built-in-Canada real-time threat prevention technology. We expect that the CTA will rapidly spur our growth in the Taiwanese market as well as allow us to further expand into the surrounding region.”
Because of the current COVID-19 situation, the program will be delivered to participants virtually, with the in-market program being confirmed at a later date. The CTA Program in Taipei runs from April 1 to July 31, 2021.
About the Canadian Trade Commissioner Service
Part of Global Affairs Canada, the Canadian Trade Commissioner Service (TCS) is a network of more than 1000 trade professionals working in Canadian embassies, high commissions, and consulates located in 161 cities around the world and with offices across Canada.
The Trade Commissioner Services helps companies that are looking to export, invest abroad, attract investment abroad or develop innovation and R&D partnerships. They provide advice on marketing strategies and up to date market and sector information to help smooth a Canadian company’s path to doing business abroad.
Created in 1894, the Canadian Trade Commissioner Service (TCS) has 125 years of experience helping Canadian companies succeed in foreign markets by promoting the economic interests of Canada in the global marketplace.
Since Canada’s first Trade Commissioner’s posting to Australia in 1895, the role of the TCS has become increasingly critical and of higher value within an ever evolving global economy. Canada’s active and successful participation in the global economy impacts all Canadians. Consider that a fifth of all jobs in this country are directly linked to international trade and half of what we manufacture in Canada is exported.
For more information about the CTCS, visit: https://www.tradecommissioner.gc.ca
Founded by Epoch Foundation, a renowned non- profit organization based in Taipei, Taiwan, Garage+ doesn’t just provide a space for incubation but also fosters a thriving startup ecosystem supported by experienced and successful entrepreneurs.
The vibrant community of Garage+ helps facilitate early-stage startups to build a team, enhance connections, strengthen core values, access fundraising resources and eventually get to the top. Since 2012, 75% of Garage+ teams have received funds from professional investors and have continued to grow business in various industries.
With the support and sponsorship from major companies in Taiwan including TSMC, Delta Electronic, Quanta Computer, and MediaTek, etc., the Garage+ Campus will expand into a new space (Chia Hsin Building) located in downtown Taipei starting in November, 2014.
For more information about Garage+, visit: https://www.garageplus.asia/en
About Wedge Networks
Wedge Networks is a cyber security software vendor specializing in Real-time Threat Prevention.
Our technology platform, WedgeARP™, has the deepest visibility of network data in the industry, possessing an unmatched ability to defend against malicious attacks that are undetectable with shallow inspection techniques. It delivers the highest real-time performance of orchestrated security services through a software implementation that is portable to all x86 servers. Trained with nearly 1 billion threat samples, its automated and continually-learning embedded artificial neural network can detect never-before-seen malware in milliseconds. WedgeARP™ represents the present and future of how much-needed security services can be delivered, from the cloud core to the ever-expanding network edge, to help reduce the security gap. Supported by a world class software product team in Canada, it allows enterprises, governments, telecommunications providers and critical infrastructure operators to achieve real-time prevention of advanced threats; and enables Wedge’s distribution partners to increase their Average Revenue Per User (ARPU) and reduce customer CHURN.
With numerous patents, industry awards, and twice bestowed with Build-In-Canada Innovation awards, its products are distributed through MSSP, OEM, VAR and SI partners to end customers worldwide. Wedge is headquartered in Calgary, Canada with international teams in the North America, Asia Pacific, Europe, and the Middle East and North Africa regions.
For more information on Wedge Networks, visit http://www.wedgenetworks.com/
Please forward any media or PR inquiries to: PR@wedgenetworks.com
Cautionary Statements and Forward Looking Information
This release contains forward-looking statements, which are based on current expectations, estimates, and projections about the Corporation’s business and prospects, as well as management’s beliefs, and certain assumptions made by management. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “may,” “should,” “will” and variations of these words are intended to identify forward-looking statements. Such statements speak only as of the date hereof and are subject to change. The forward-looking statements contained in this news release are made as of the date hereof and Wedge undertakes no obligation to update, publicly or otherwise, or revise any forward-looking information, whether as a result of new information, future events or otherwise unless expressly required by applicable securities laws. The forward-looking information contained in this press release are expressly qualified by this cautionary statement. Readers are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Corporation’s future business activities may differ materially from those in the forward-looking statements as a result of various factors , including, but not limited to: expansion and business strategies, anticipated growth opportunities, the partnership with DLS, the impact of the COVID-19 pandemic, general economic, market or business conditions, the amount of fundraising necessary to perform on its business objectives, operational risks, the ability of the Corporation to raise necessary funds for its business objectives, and the outcome of commercial negotiations. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict. Accordingly, actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. Although the Company believes that the assumptions and factors on which such forward-looking statements is based are reasonable, undue reliance should not be placed on the forward-looking statements as the Company can give no assurance that it will prove to be correct or that any of the events anticipated by such forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom.