CYREN Cybersecurity Technology Chosen to Protect Joint Venture by Mitsubishi Heavy Industries and Siemens

MCLEAN, Va., April 1, 2015 /PRNewswire/ -- CYREN (NASDAQ: CYRN) today announced that UK-based Primetals Technologies, a joint venture by Mitsubishi Heavy Industries, Ltd. (MHI) and Siemens AG, selected CYREN's cloud-based cybersecurity technology to provide real-time protection from advanced cyberattacks, zero hour malware outbreaks, and hard-to-detect email threats, including viruses, phishing, spam and spyware.

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With more than 9,000 employees spanning more than 40 locations worldwide, Primetals Technologies is a complete provider for plants, products and services in the iron, steel and aluminum industry. It relies on uninterrupted, secure communications to stand as the new global authority in metals excellence. Through the deployment of CYREN's cloud-based solution, Primetals gains powerful, yet cost-effective protection against potentially crippling cyberattacks.

Powered by the CYREN GlobalView™ Cloud Platform and its patented Recurrent Pattern Detection™ technology, CYREN analyzes billions of transactions each day, processing cyber threat data on a massive scale. The Security as a Service (SecaaS) approach provides easy-to-implement access to industrial-strength web, email and file protection with a near-zero false positive rate that is consistently praised by end users.

"Primetals' deployment of the CYREN cybersecurity solution is the latest example of the trust that our customers place in our innovative, cloud-based technology," said Lior Samuelson, CEO and Chairman of the Board at CYREN. "Seamlessly combining critical security components, CYREN provides a best of breed cybersecurity solution. It's easy to use and manage while still offering complete assurance that web, email and file system performance is continually maximized – which is paramount for a global entity such as Primetals Technologies."

About Primetals Technologies
Primetals Technologies, Limited, headquartered in Frimley, Camberley, United Kingdom, is a worldwide leading engineering, plant-building and lifecycle partner for the metals industry. The company offers a complete technology, product and service portfolio that includes the integrated electrics, automation and environmental solutions. This covers every step of the iron and steel production chain that extends from the raw materials to the finished product – in addition to the latest rolling solutions for the nonferrous metals sector. Primetals Technologies is a joint venture of Mitsubishi Heavy Industries (MHI) and Siemens. Mitsubishi-Hitachi Metals Machinery (MHMM) - an MHI consolidated group company with equity participation by Hitachi, Ltd. and IHI Corporation - holds a 51% stake and Siemens a 49% stake in the company. The company employs around 9,000 employees worldwide. Further information is available on the Internet at www.primetals.com.

About CYREN
Founded in 1991, CYREN (NASDAQ and TASE: CYRN) is a long-time innovator in cybersecurity. Through full-function Security as a Service (SecaaS) and security technology components for embedded deployment options, CYREN provides web, email, mobile and endpoint security solutions that are relied upon by the world's largest IT companies to protect against today's advanced threats. CYREN collects threat data and delivers cyber intelligence through a unique global network of over 500,000 points of presence that processes 17 billion daily transactions and protects 600 million users. Visit www.cyren.com.

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© 2015 CYREN Ltd. CYREN and GlobalView are trademarks of CYREN Ltd. Other company and product names may be trademarks of their respective owners.

U.S.Investor Contact:
Garth Russell
KCSA
+1 212.896.1250
grussell@kcsa.com

IsraelInvestor Relations Contact:
Iris Lubitch
EffectiveIR
+972.54.2528007
iris@FinCom.co.il

CYREN Company Contact:   
Mike Myshrall, CFO
CYREN        
+1 703.760.3320
mike.myshrall@cyren.com

CYREN Media Contact:
Matthew Zintel
Zintel Public Relations
+1 281.444.1590
matthew.zintel@zintelpr.com

Primetals Technologies Contact:
Dr. Rainer Schulze
Primetals Technologies Ltd.
+49 9131 7-44544
rainer.schulze@primetals.com

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SOURCE CYREN