Integrated Cyber Solutions Unveils Joint Venture Partnership with Hospitality Company in the Middle East

Integrated Cyber Solutions Unveils Joint Venture Partnership with Hospitality Company in the Middle East

(TheNewswire)

Integrated Cyber Solutions Inc.

Vancouver, British Columbia TheNewswire - April 2, 2024 - Integrated Cyber Solutions Inc. (CSE:ICS) (FSE:Y4G) ("Integrated Cyber" or the "Company") is pleased to announce that the Company has formed a Joint Venture ("JV") partnership ("ICS Middle East") with an established company based in the UAE, HSG Middle East ("HSG"). Since 2012, HSG has been delivering specialized hospitality supplies and technology solutions across the Middle East. HSG is a member of the Gulf Cooperation Council (GCC), with relationships totaling over 500 hotels and 55,000 rooms in the region.

The purpose of the JV with HSG will be multi-faceted and strategic by nature. By establishing ICS Middle East, Integrated Cyber seeks to cultivate business alliances involving strategic partnerships with local entities to leverage their expertise and networks. Through this partnership, the Company anticipates gaining access to local market insights, cultural nuances, and regulatory knowledge essential for navigating and participating in this unique regional landscape.

Specifically, ICS Middle East will initially be focused on five key areas to grow its presence and commercial opportunities in the region:

Collaborate with the UAE Government to develop a credentialing system tailored for individuals, corporations, and government agencies within the UAE

Maintain focus on delivering cyber services to the power generation industry, leveraging its expertise honed through serving a major electricity generator company with over 15 power plants. It is anticipated that ICS Middle East will be in contention to provide cyber services to a power plant supplying approximately 20% of Dubai's electricity

Offer cyber services to existing hotel and hospitality clients of HSG, which include prominent names such as EMAAR Hospitality, Fairmont, Hilton, Atlantis, Jumeirah Hotels, Rotana, and Starwood hotels

Establish a partnership with a leading provider of critical IT services and hardware to the UAE healthcare sector to offer cyber services to the company's existing client base

Capitalize on the momentum created by HSG's new office in Riyadh, Saudi Arabia, with plans to replicate the successful approach in the UAE by providing cyber services to hospitality, healthcare, and governmental sectors. This initiative builds upon existing relationships with entities such as the Saudi Arabia National Guard, NEOM, and the Sovereign Investment Fund PIF.

Previous to the JV, ICS Middle East participated in the ISACA Infosec/Cyber Security 2023 Conference in Dubai, winning the Best Newcomer award. ISACA is a global professional association and learning organization that leverages the expertise of its more than 165,000 members who work in digital trust fields such as information security, governance, assurance, risk, privacy and quality. It has a presence in 188 countries, including 225 chapters worldwide.

About Integrated Cyber Solutions

Integrated Cyber Solutions is a managed security service provider (MSSP) that humanizes cybersecurity managed services to the Small-to-Medium Business (SMB) and Small-to-Medium Enterprise (SME) sectors. The Company integrates capabilities from third-party cybersecurity providers, ensuring customers have access to the latest cybersecurity solutions. Apart from providing essential cybersecurity services, Integrated Cyber's managed services and IC360 technology platform consolidate vast amounts of information to generate actionable intelligence from the numerous software point solutions within their customer's environments. The results enable simple, understandable, and actionable insights to help customers comprehend and better secure their organization.

Contact:

Media Relations Team

email: PR@Integrated-Cyber.com

Forward-Looking Statement

This press release contains forward-looking statements within the meaning of applicable Canadian securities laws. These statements are based on current expectations and projections about future events. Forward-looking statements are often, but not always, identified by words such as ‘anticipate', ‘expect', ‘intend', ‘plan', ‘believe', ‘seek', ‘estimate', ‘will', ‘project', ‘continue', ‘predict', ‘potential', 'target', ‘forecast', ‘budget', ‘goal', ‘may', ‘should', ‘could', or similar expressions. In this press release, the forward looking statements include, but are not limited to, expectations regarding the implementation of marketing and investor relations services of White Rabbit Projects Pte. Ltd., Sagacity Capital Media, Investing News Network, Guerilla Capital, and First Phase Capital; and, in particular, the anticipated effects of the proposed marketing services. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to materially differ from any future results, performance, or achievements expressed or implied by the forward-looking statements. These risks, uncertainties, and other factors include, but are not limited to, the following: economic conditions, industry trends, regulatory changes, competition, technological advancements, and other factors beyond our control. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

Copyright (c) 2024 TheNewswire - All rights reserved.

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(TheNewswire)

Integrated Cyber Solutions Inc.

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(TheNewswire)

Integrated Cyber Solutions Inc.

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(TheNewswire)

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OpenText logo (PRNewsfoto/Open Text Corporation)

OpenText to Host Conference Call Webcast
Mark J. Barrenechea , OpenText CEO & CTO and Madhu Ranganathan , OpenText President, CFO & Corporate Development will host a conference call webcast on May 2, 2024 , at 5:00 p.m. ET from its Investor Relations website.

Date:

Thursday, May 2, 2024

Time:

5:00 p.m. ET/2:00 p.m. PT

Length:

60 minutes

Webcast:

Access on OpenText IR website https://investors.opentext.com

For more information, please visit: https://investors.opentext.com

About OpenText
OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, powered by OpenText Cloud-Editions. For more information about OpenText (NASDAQ: OTEX, TSX: OTEX) visit https://www.opentext.com

Copyright ©2024 Open Text. OpenText is a trademark or registered trademark of Open Text. The list of trademarks is not exhaustive of other trademarks. Registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text. All rights reserved. For more information, visit: https://www.opentext.com/who-we-are/copyright-information

OTEX-F

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SOURCE Open Text Corporation

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OpenText logo (PRNewsfoto/Open Text Corporation)

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"I am delighted to have Todd join the OpenText executive leadership team and to announce the expanded responsibilities for Paul and Madhu. Todd is a results-oriented leader with a proven track record of delivering predictable and profitable growth," said Mark J. Barrenechea , CEO & CTO, OpenText. "As we continue to grow as a global leader in Information Management, our leadership team is elevated with those who are experienced with operating multi-billion-dollar businesses. Todd, Paul, and Madhu are outstanding executives, and I look forward to working with them in the years to come."

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"I would like to sincerely thank Ted for his many years of leadership, contributions and accomplishments at OpenText and we wish him the very best in his next chapter," added Mr. Barrenechea.

For full biographical information on Todd Cione , Paul Duggan , and Madhu Ranganathan , as well as the entire OpenText Executive Leadership Team, please visit here .

About OpenText

OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, powered by OpenText Cloud Editions. For more information about OpenText (NASDAQ: OTEX, TSX: OTEX) visit opentext.com

Connect with us:

OpenText CEO Mark Barrenechea's blog

Twitter | LinkedIn

Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Further, readers should note that we may announce information using our website, press releases, securities law filings, public conference calls, webcasts and the social media channels identified on the Investors section of our website ( https://investors.opentext.com ). Such social media channels may include the Company's or our CEO's blog, Twitter account or LinkedIn account. The information posted through such channels may be material. Accordingly, readers should monitor such channels in addition to our other forms of communication.

Copyright © 2024 OpenText. All Rights Reserved. Trademarks owned by OpenText. One or more patents may cover this product(s). For more information, please visit https://www.opentext.com/patents .

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SOURCE Open Text Corporation

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