GlobeNewswire Inc | Apr 17, 2021 03:40PM EDT

April 17, 2021

PHILADELPHIA, April 17, 2021 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against Intrusion Inc. (Intrusion or the Company) (NASDAQ: INTZ) on behalf of investors who purchased shares of the Companys stock betweenJanuary 13, 2021 and April 13, 2021, inclusive (the Class Period).

IMPORTANT DEADLINE: Investors who purchased Intrusions common stock during the Class Period may, no later than June 15, 2021, seek to be appointed as a lead plaintiff representative in the action.

Intrusion investors who suffered an investment loss in excess of $100,000 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 1585, or by email at skaskela@kaskelalaw.com or online at https://kaskelalaw.com/case/intrusion-inc/, to discuss the opportunity to actively participate in the action as a lead plaintiff representative.

According to the complaint, Intrusion develops, sells, and supports products that purport to protect entities from cyberattacks by combining advanced threat intelligence with real-time artificial intelligence.

On April 14, 2021, White Diamond Research published a report alleging, among other things, that Intrusions product (Shield) has no patents, certifications, or insurance, which are all essential for selling cybersecurity products and that Shield is based on open-source data already available to the public. Thus, the report stated that Shield is a repackaging of pre-existing technology rather than an innovative offering. Moreover, the report alleged that the claims that Shield stopp[ed] a total of 77,539,801 cyberthreats from 805,110 uniquely malicious entities . . . in the 90-day beta program were outlandish, leading White Diamond to question [h]ow have these companies been able to function so far, as theyve been attacked many times per minute by ransomware, malware, data theft, phishing and DDoS attacks?

Following this news, shares of the Companys common stock fell $7.72 per share over two trading days, or over 27% in value, to close at $20.53 on April 15, 2021, on unusually heavy trading volume.

Intrusion investors who suffered an investment loss in excess of $100,000 are encouraged to contact Kaskela Law LLC to discuss the opportunity to actively participate in the action as a lead plaintiff representative. Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.

CONTACT:

D. Seamus Kaskela, Esq.KASKELA LAW LLC18 Campus Boulevard, Suite 100Newtown Square, PA 19073(484) 258 1585(888) 715 1740www.kaskelalaw.comskaskela@kaskelalaw.com