Kape Technologies PLC Product development update

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Kape Technologies PLC

28 June 2018

28 June 2018

Kape Technologies plc

("Kape," or the "Company")

Product development update

   -     Launch of CyberGhost 7.0 app across Apple and Android platforms 
   -     Development of Chrome and Firefox browsers plug-in for CyberGhost 

Kape (AIM: KAPE), the consumer security software business, is pleased to announce several key developments to CyberGhost, Kape's Virtual Private Network ("VPN") SaaS solution.

Following CyberGhost's acquisition by Kape in March 2017, mobile subscribers have increased 100%, reflecting the rising adoption of VPN by individuals looking to safeguard both the security and privacy of their mobile devices. The development of the CyberGhost 7.0 privacy app for iOS and Android is in response to this significant growth and forms part of Kape's software development road map.

The new app focuses on increased accessibility for new customers and usability features, including a one-click activation button to immediately turn on and off privacy mode in a matter of seconds. The augmented design and user interface are intended to meet the demands of CyberGhost's growing and increasingly diverse 'mobile' customer base. The maximum number of devices offered per CyberGhost subscription has also increased from five to seven, further demonstrating the alignment of subscriber demands both at home and on the move.

In addition, Kape has launched a CyberGhost Google Chrome and Mozilla Firefox plug-in. The plug-in is based on a distributed computing platform and operating system, which enables greater freedom and access to information on the internet to individuals worldwide. There has already been significant traction for this product globally demonstrating Kape's standing in the privacy market.

Ido Erlichman, Chief Executive Officer of Kape, commented:

"We are thrilled with the significant progress we have made with CyberGhost since its acquisition in March 2017, in combining a great product with Kape's user acquisition knowhow and technologies. These initiatives are testament to the increasing traction and considerable opportunity that exists across our core CyberGhost offering. We believe the launch of our new app will increase our addressable market, which sits firmly at the heart of our growth strategy to both broaden our customer base and extend our product reach."

Enquiries:

 
 Kape Technologies plc                               via Vigo Communications 
  Ido Erlichman, Chief Executive Officer 
  Moran Laufer, Chief Financial Officer 
 Shore Capital (Nominated Adviser & Broker) 
  Toby Gibbs / James Thomas                          [phone] 
 Vigo Communications (Financial Public Relations) 
  Jeremy Garcia / Antonia Pollock 
  [e-mail]                                 [phone] 
 

About Kape

Kape is a cybersecurity company focused on helping consumers around the world to have better experience and protection in their digital life. Kape develops and distributes a variety of digital products in the online security space. The Company utilises its proprietary digital distribution technology to optimise its reach and create a superb user experience. Kape offers products which provide online security, privacy and an optimal online experience. Kape's vision is to provide online autonomy for a secure and accessible personal digital life, with team of over 350 people across seven locations worldwide.

www.kape.com

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June 28, 2018 02:01 ET (06:01 GMT)