Brisbane, Australia, June 23, 2021 / PRNewswire / – Cryptsoft has established its position as the preferred provider of Key Management Interoperability Protocol (KMIP) for the smart metering sector by licensing its KMIP client technology for use in Advanced Metering Infrastructure solutions from Networked Energy Services expanded.
NES ‘award-winning Advanced Metering Infrastructure (AMI) smart grid solution, deployed in nearly 40 million smart meters and other smart devices around the world, has earned a market-leading position, in part due to a focus on interoperable open standards, operator flexibility , and strong security. In line with the emerging but rapidly increasing demand from Distribution System Operators (DSOs) for improved, tightly integrated, yet interoperable security solutions, NES is constantly reviewing its security architecture as part of a process of ongoing assessment of current and anticipated cyber security threats. Aware that the latest security architecture invariably requires a larger number of security keys, NES commissioned Cryptsoft to integrate KMIP key management technologies into its measurement infrastructure.
Ongoing discussions cemented the understanding that Cryptsoft, with its focus on open standards-based key management technologies such as KMIP and PKCS # 11, and NES with its focus on the Open Smart Grid Protocol (OSGP), both exploit the technological and commercial advantages of solutions that are interoperable with open Standards were drawn up. The common goal of the Cryptsoft-NES collaboration is to provide the utility market with advanced solutions with leading security functions and deployment flexibility while reducing the cost and complexity burden for the DSO.
“Key management and security is a top priority for NES and our customers,” said Andy Robinson, VP and CTO at NES. “Cryptsoft’s technology enables us to achieve these goals for our customers and continue to deliver the most secure AMI networks in the industry.”
“Smart metering providers in all sectors including power, oil, gas and water are focused on making the security architecture of their solution stronger and more robust with proven open standards-based security technologies such as KMIP,” said Justin Corlett, Business Development Manager at Cryptsoft. “On the electricity market, we see that several providers in the transmission and distribution network sector are relying on Cryptsoft to provide not only the KMIP-capable endpoints, but increasingly also the key management server capability as an integrated offer in their products.
Cryptsoft is a privately owned Australian company with over 25 years of experience in the crypto and security market. Cryptsoft’s Key Management Interoperability Protocol (KMIP) and PKCS # 11 Software Development Kits (SDKs) for servers and clients enable providers to offer secure, simplified and vendor-independent interoperable enterprise key management solutions that the global market demands. Cryptsoft is an OASIS sponsor. www.cryptsoft.com
About Networked Energy Services Corporation
Networked energy services company (www.networkedenergy.com) is a global leader in smart energy in transforming the world’s power grid into an energy control grid that enables utility companies to provide more efficient and reliable service to their customers, protect their systems from current and emerging cybersecurity threats, and innovate new services that enable active, intelligent use of energy. For more information on NES, its products (including network management software, distributed control nodes and smart meters) and services, please visit www.networkedenergy.com.
SOURCE Cryptsoft Pty Ltd