High Wire Networks Inc (OTCMKTS:HWNI) Stock In After Latest Development

Leading worldwide managed cybersecurity and technology enablement providing company High Wire Networks Inc (OTCMKTS:HWNI) is a company which may gain some attention from investors today. Back on Friday the company had announced that it had managed to win a major new contract from one of its channel partners to deliver its Overwatch OT/IoT Security.

Trading Data

On Friday, HWNI stock increased 0.11% to $0.0900 with 123.69K shares, compared to volume of 282.32K shares. The stock moved within a range of $0.0851 – 0.0950 after opening trade at $0.0900.

High Wire to Provide Overwatch OT/IoT Security™ Agentless, Zero Trust, Cybersecurity Solution for Major U.S. Health System

The product would be delivered to the United States health system which would be made up of as many as 25 hospitals and clinics and a large number of ancillary care facilities. This particular engagement would involve the onboarding and delivery of managed cybersecurity services for more than 2000 Internet of Things (IoT) devices spread across a number of campuses.

Stephen LaMarche, the Chief Operating Officer of High Wire Networks, spoke about the latest development. He noted that IoT devices are now being used increasingly for the purpose of controlling and monitoring other devices.

However, that has made it necessary to ensure that the network connections of these IoT devices are, in turn, secured as well. That is particularly necessary for devices which are deployed in the medical industry. He went on to add that Overwatch could help in controlling the access to a large number of varied IoT devices.