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Netlinkz limited (ASX:NET) is into the delivery of virtualised network services via a Virtual Services Platform . The Company offers software technology to provide security systems for the transfer of information on virtual networks. NetLinkz serves customers in Australia.
The companyâs one of its kind technology makes fortune-500 security commercially viable as well as available for various organisations across the globe irrespective of size & class. The company has received many industrial awards for its technology, innovation. The company has also been declared a worldwide winner of the Global Security Challenge.
The company, today on 14 March 2019, has come up with an update that the Blue Tech Incorporated ('Blue Tech') will begin Lab testing of the Cyber Security functionality and robustness of the latest version of NetLinkz software this month. Blue Tech has been testing the original VIN product for the past two years and has incorporated the Netlinkz product into its internal systems. Following the successful release of re-engineered VIN client software in November 2018 and successful completion of the China Telecom pilot programme in Wuxi, China in December 2018, Netlinkz has supplied a test version of the SDWAN VIN product to Blue Tech. If Blue Tech is satisfied with the test results of the Netlinkz VIN product, it will then be offered to Blue Techâs significant US Federal customer base as an approved software product for use in Cloud, SD WAN and IoT security solutions.
Blue Tech of San Diego, California, is an information technology solutions value-added reseller and professional services provider that specialises in meeting the mission-critical needs of the US federal government and US defence industry. The company became a corporate entity in the year 1984. The company is based in San Diego,CA and has offices in Monterey and Sacramento, California, as well as New York City.
Blue Tech has entered major pacts with many of the US government's foremost IT obtaining vehicles. These vehicles include prominent names like NASA SEWP V, NIH CIO-CS, DHS FirstSource II, Air Force NETCENTS-2 Products, GSA Schedule 70, etc. Blue Tech is a Woman Owned Small Business (WOSB) Following successful completion of the Blue Tech evaluation, NetLinkz will expand its US cybersecurity marketing and sales activities in the US in partnership with Blue Tech and their significant reseller footprint servicing all US Federal Government customers, Defence, Civilian and Intelligence Agencies.
On the price-performance front, the stock has posted the YTD return of 3.23%. The company also has posted returns of 18.52% over the past three months. At the time of writing (14 March 2019 closing price), the stock of the company is trading at a price of A$0.036, up 12.5% during the dayâs trade with a market capitalisation of ~A$ 44.15 Mn. The stock opened the day at A$ 0.033, reached the dayâs high of A$ 0.036 and touched the dayâs low of $ 0.030, with an average daily volume of ~ 7,223,734. It had a 52-week high price of $ 0.043 and a 52 weeks low price of $ 0.022, with an average volume of, 1,252,700 approximately.
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