Dr Paul Galwas appointed as Crossword’s Chief Scientific Officer to lead AI initiative

Crossword Cybersecurity Plc (NEX: CCS), the technology commercialisation company focusing exclusively on the cyber security sector, is pleased to announce the appointment of Dr. Paul Galwas, as Chief Scientific Officer, effective 5th March, 2018.

Dr. Paul Galwas joins from Digital Catapult, a technology and innovation centre backed by government, where he has shaped multiple national cyber security policy and research strategies, worked on BSI security standards and has previously led a number of collaborative research projects. Over 20 years, at nCipher, Secerno and Cellcrypt, Paul worked on privacy, trust and identity, digital asset protection and sharing, IoT & distributed ledger security, secure payment systems, and with various UK and US Government agencies on classified mobile security.

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CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2017

BUSINESS REVIEW

I am delighted to report excellent progress in the first half of 2017. Crossword generated more revenue in the first half of 2017 than we did in the whole of 2016, as we continue to develop Crossword’s technology commercialisation business focused exclusively on cyber security.

There is no let up in global cyber security incidents. The first half of 2017 saw one of the biggest and most alarming cyber security challenges to date – the worldwide Wannacry attack. This global cyber event impacted hundreds of thousands of computers worldwide, including crippling NHS hospitals on a large scale, once again thrusting cyber security into the national headlines. It was quickly followed by the Petya ransomeware virus that leveraged some of the same techniques. Politics was not immune from cyber incident with the Macron election campaign in France being targeted. The rising concern of cyber attacks on critical infrastructure was evidenced by the attack on Germany’s main railways in Frankfurt.

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Crossword launches CyberAI; a major Cyber Security AI initiative bringing together Global Companies and World-class Academics

Crossword Cybersecurity plc (NEX:CCS) has launched a major initiative, CyberAI, applying leading edge Artificial Intelligence and Machine Learning techniques to real world Cyber Security challenges. CyberAI brings together world-leading academic researchers selected for their expertise in AI/Machine Learning - Dr Una-May O'Reilly from MIT, Professor Niall Adams from Imperial College London and Professor David Robertson from Edinburgh University - with a select group of Global Industry participants. CyberAI aims to deliver breakthrough solutions to real world, complex cybersecurity challenges facing global scale companies.

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Grant of Options

Crossword Cybersecurity Plc (NEX:CCS, “Crossword” or the “Company”), the technology commercialisation company focusing exclusively on the cyber security sector, is pleased to announce that 11,500 options have been granted under the Company’s Enterprise Management Incentive Scheme (the “EMI Plan”) to five employees.

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