Pantherun develops encryption technology and data protection solutions for businesses and organizations. The company specializes in real-time encryption capabilities with a patent-pending approach that includes keyless exchange (KLE) technology, which eliminates the need for fixed encryption keys by using distributed networks of cooperative nodes that generate short-lived mathematical values for transaction verification. The company offers multiple product lines including AES encryption IP cores, Layer 2 and Layer 3 network solutions, industrial Ethernet switches, serial device servers, media converters, and IoT gateways and remote terminal units. Their encryption solutions are designed to protect data at rest, in transit, and in use, with features like zero format change and flexible deployment options through software or silicon IP. Pantherun serves various industries including industrial control systems, industrial IoT, railways, defense, SaaS providers, and drone communications. The team consists of engineers with experience in data and communication systems for aerospace, defense, industrial networks, automotive, and consumer devices, with over 100 man-years of combined experience in silicon design, software development, and product development. Their keyless exchange technology addresses vulnerabilities associated with traditional key-based encryption methods, offering end-to-end data protection without storing fixed encryption keys anywhere in the system. The approach is designed to provide protection against quantum computing threats while maintaining low latency performance.