PlaxidityX and Check Point Software Selected as Finalist for 2016 TU-Automotive Award

Tel Aviv, Israel – April 25, 2016 – PlaxidityX and Check Point® Software Technologies Ltd. (NASDAQ: CHKP) announced today that their integrated solution, PlaxidityX Intrusion Detection and Prevention System (IDPS) with Check Point Car Capsule, has been selected by TU-Automotive as a finalist for the Best 2016 Automotive Cyber Security Product/Service Award.

TU-Automotive is the undisputed home of the connected car. The finalists were selected by a panel of high-level experts after evaluating over four hundred nominations based on innovation, industry engagement, user experience and market update. The finalists had a great impact over the last year and are setting the pace for the future of the automotive industry. This is the second consecutive year that PlaxidityX has been selected as a finalist by TU-Automotive.

“It’s an honor to be recognized as a finalist for the second year in a row for one of the most prestigious awards in the automotive industry,” said Oron Lavi, Co-Founder and VP R&D of PlaxidityX. “This reinforces our commitment to partnering with the automotive industry to promote connectivity by protecting cars from car-hacking. By joining with Check Point to provide the most innovative solution available, we are helping the industry achieve that important objective.”

The partnership and joint offering between PlaxidityX and Check Point prevents cyber-attacks on connected cars through a holistic solution that helps automakers stay one step ahead of cyber threats. The joint solution provides multi-layers of security against attacks by securing both in-vehicle and out-of-vehicle communication. By enabling real-time alerts, detection and prevention, an automaker or fleet manager can significantly reduce the risk associated with cyber attacks on connected vehicles.

“Mission critical systems in connected cars have developed into new areas for cyber attackers,” said Alon Kantor, vice president of business development, Check Point. “Together with PlaxidityX, Check Point is extending its industry-leading technology into automotive cyber security, creating a holistic, cloud-based approach to staying ahead of threats to connected cars.”

The joint solution is readily available today and has already been demonstrated to prospective customers. It enables situational awareness on an intuitive dashboard, over-the-air (OTA) updates and operational threat intelligence.

About Argus:
PlaxidityX is the global leader in automotive cyber security. Argus’ comprehensive and proven solution suite protects connected cars and commercial vehicles against cyber-attacks. With decades of experience in both cyber security and the automotive industry, PlaxidityX offers innovative security methods and proven computer networking know-how with a deep understanding of automotive best practices. Customers include car manufacturers, their Tier 1 suppliers and aftermarket connectivity providers. Founded in 2013, PlaxidityX is headquartered in Tel-Aviv, Israel, with offices in Michigan, Silicon Valley, Stuttgart and Tokyo. Visit plaxidityx.com to learn more.

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Aaron Kliner
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