Elbit Systems Subsidiary, Cyberbit, Awarded Contract from Infor for Supply Cyberbit's EDR Endpoint Security Platform

HAIFA, Israel, February 9, 2017 /PRNewswire/ --

Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems") today announced that its subsidiary, Cyberbit Ltd. ("Cyberbit") was awarded a contract from the enterprise software provider Infor (US), Inc. ("Infor") for the supply of Cyberbit's Endpoint Detection and Response ("EDR") security platform to be used to support Infor's internal cyber protection. The contract is in an amount that is not material to Elbit Systems.

Infor selected Cyberbit for its significant experience, technical acumen, and outstanding customer references, and is pleased to have Cyberbit complement its detection capability in this increasingly complex environment of Cyber threats.

Cyberbit's EDR platform uses a signature-less approach, proven to detect unknown threats that bypass antivirus and next-generation endpoint security platforms, while minimizing false positives. The EDR platform continuously records millions of low-level endpoint events across the network and rapidly correlates traces of malicious activity to verify an attack within seconds. Once an attack is detected, the entire storyline is displayed, enabling the platform to respond or provide the analyst with the necessary information to investigate the attack.

"We are excited to be working with Infor to complement their forward-thinking IT security strategy," said Stephen Thomas, VP Sales at Cyberbit. "Innovative IT organizations such as Infor's are adapting this proactive detection-based strategy and I look forward to supporting their organization."

About Elbit Systems  

Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios and cyber-based systems. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems.

For additional information, visit: www.elbitsystems.com, follow us on Twitter or visit our official Youtube Channel

About Infor 

Infor builds business software for specific industries in the cloud. With 15,000 employees and over 90,000 customers in more than 170 countries, Infor software is designed for progress. To learn more about Infor, please visit www.infor.com.

This press release contains forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current fact.  Forward-looking statements are based on management's expectations, estimates, projections and assumptions.  Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended.  These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict.  Therefore, actual future results, performance and trends may differ materially from these forward-looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; and the outcome of legal and/or regulatory proceedings.  The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.'s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward-looking statements speak only as of the date of this release. The Company does not undertake to update its forward-looking statements.

Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this Press Release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies.  All other brand, product, service and process names appearing are the trademarks of their respective holders.  Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein.

Company Contact:      

Joseph Gaspar, Executive VP &CFO
Tel: +972-4-8316663
j[email protected] 

Dalia Rosen, VP, Head of Corporate Communications
Tel: +972-4-8316784
[email protected]
Elbit Systems Ltd. 

IR Contact:  

Ehud Helft 
Gavriel Frohwein 
GK Investor Relations  
Tel: +1-646-688-3559
[email protected]

SOURCE Elbit Systems Ltd