ST. PETERSBURG, Fla., Oct. 31, 2011 /PRNewswire/ -- Infrax Systems, Inc., (OTCBB: IFXY), a global provider of unified Smart Grid-related products and services for the Energy and Utility industries, announced their inclusion in the recently released Pike Research Smart Grid Cyber Security report. Infrax Systems was listed as one of the key industry players in Smart Grid Cyber Security. This report concludes that initiative to secure utilities' infrastructure will increase investment in cyber security systems to $14.0 billion by 2018. As per Pike Research; The North American Electric Reliability Corporation (NERC) has begun issuing fines for non-compliance with its CIP reliability standards. Utilities believe that they will see greater benefits from Distribution Automation than from Advanced Metering Infrastructure (AMI) and Pike Research's forecasts indicate greater spending in that area. Much has changed for the positive. Unfortunately, one thing has not changed. Cyber security is still way behind the attackers. Even where strong countermeasures exist, they are not consistently deployed. More sophisticated attackers look at smart grids from a systemic perspective while often the defenses have been installed in piecemeal fashion, without an architecture. This hands an enormous advantage to the attackers. This Pike Research report assesses the threats and vulnerabilities that confront smart grid technologies, to arrive at an analysis of the most significant cyber security investments and market opportunities. The report includes a detailed examination of key market drivers and barriers, along with profiles of key industry players and global forecasts, segmented by region and application area, for smart grid cyber security revenue through 2018. Pike Research is a market research and consulting firm that provides in-depth analysis of global clean technology markets. The company's research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of these industry sectors. For more information, visit www.pikeresearch.com. About Infrax Systems Infrax Systems offers a series of interrelated operational management, communications, and grid security related products and services known as Secure Intelligent Energy Platform (SIEP). Our products enable a comprehensive and unified solution for communications and applications management of the Smart Grid. SIEP™ incorporates a wide array of communications, security, device and data management tools for Smart Grid applications such as advanced metering solutions and grid optimization. SIEP platform creates a unified solution to securely manage Advanced Metering Infrastructure (AMI) and distribution automation. Infrax's secure smart grid platform, incorporates a communications transport and management system, (Grid Mesh™) , device and data security management, and ultimately secures intelligent endpoint devices (SIED). The secure management of the "last mile" backhaul will be necessary for utilities to implement Smart Grid applications including AMI, real-time pricing, Demand Side Management (DSM), Distribution Monitoring and Automation. When combined, these applications can offer economic, operational and environmental benefits for utilities, and ultimately the utility's customers. For INFRAX Systems information, contact [email protected] or visit www.infraxinc.com. Forward-Looking Statements This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.
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