“BlackRidge Technology represents the next major enabling technology advance in cyber security,” Robert Lentz Board of Directors BlackRidge Technology
Reno, NV (PRWEB)
February 23, 2017
BlackRidge Technology announced today that the company has completed a financial merger with Grote Molen, Inc. (OTCQB: GROT), an eight-year-old operating public intellectual property holding company. The transaction resulted in a change of control of Grote Molen. Following the transaction, BlackRidge stockholders own a majority of the outstanding capital stock of the company. BlackRidge’s management team will assume control of the company operations and manage the consolidated business going forward. The company name will be changed to BlackRidge Technology Holdings, Inc.
BlackRidge plans to expand its commercial, military, and government sales and marketing activities. In addition; the Company plans the further commercialization of its patented network security and cyber defense technologies for new market opportunities such as the Industrial Internet of Things (IoT) and blockchain. BlackRidge Transport Access Control (TAC), which uses First Packet Authentication™, is a next-generation cyber defense solution that stops cyber-attacks and blocks unauthenticated access to network and cloud services.
“Originally developed for the U.S. Department of Defense, BlackRidge TAC operates pre-session, in real-time, before other security defenses engage,” said John Hayes, co-founder and Chief Technology Officer. “Cyber-attacks are stopped dead in their tracks by preventing unauthorized users and attackers from performing reconnaissance of network and cloud resources, and by denying them the ability to communicate anonymously.”
In addition, the company announced it expanded its…