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U.S. Warns of Hidden Radios in Solar-Powered Highway Infrastructure

U.S. transportation officials have issued a security advisory warning that solar-powered highway equipment — including electric vehicle chargers, weather stations, and traffic cameras — may contain undocumented cellular radios and other rogue devices hidden inside imported inverters and battery systems.

The advisory, circulated by the Federal Highway Administration (FHWA) on August 20 and reviewed by Reuters, follows discoveries of undocumented communications components in foreign-manufactured power inverters and battery management systems (BMS). While the note did not name a country of origin, many inverters are produced in China, and the warning aligns with rising U.S. scrutiny of Chinese technology in critical infrastructure.

Officials fear such hidden radios could allow remote tampering, enabling disruptions ranging from synchronized outages to the manipulation of roadside systems essential for autonomous vehicle operations. Anomadarshi Barua, a George Mason University researcher, said compromised inverters could be exploited to trigger power surges or send malicious commands, “creating a lot of havoc.”

Earlier this year, U.S. energy officials raised alarms after rogue communications hardware was found in Chinese-made inverters and batteries. Denmark’s grid operators also reported unexplained electronic components in imported energy equipment.

The FHWA memo urged transportation authorities to inventory inverters, conduct spectrum scans for unauthorized signals, remove undocumented radios, and ensure network segmentation to limit exposure.

China’s Embassy in Washington rejected the warnings, denouncing what it called the “distortion and smear of China’s achievements in energy infrastructure.”

The warning adds to broader U.S. measures targeting Chinese technology. Washington has already moved to ban most Chinese cars and trucks from the U.S. market by late 2026 over concerns that vehicle software and sensors could be used for data collection or surveillance.

Netskope Targets $6.5 Billion Valuation in Upcoming U.S. IPO

Netskope, a cloud-based cybersecurity company, announced plans to raise up to $813 million in its U.S. initial public offering, aiming for a valuation of up to $6.5 billion. The IPO comes amid a rebound in listings after April’s tariff-driven market slump.

The Santa Clara-based firm will sell 47.8 million shares priced between $15 and $17 each, listing on the Nasdaq under the ticker “NTSK”.

Founded in 2012, Netskope provides cloud security solutions that protect apps, websites, and data from cyber threats. The company operates in the secure access service edge (SASE) market, competing with heavyweights like Palo Alto Networks and Zscaler. Gartner projects the SASE sector will grow from $7B in 2022 to $25B by 2027, reflecting rising demand for AI-powered cybersecurity amid more sophisticated attacks and the cloud shift.

Netskope’s client base includes Qualcomm and BMO, spanning mid-sized firms to global enterprises. Its last funding round in 2021, led by ICONIQ, Sequoia, and Accel, valued the firm at $7.5B.

The IPO follows rival Rubrik’s 2023 debut, whose shares have more than doubled since going public, underscoring investor appetite for cybersecurity plays.

Morgan Stanley and J.P. Morgan are lead underwriters.

Olidata Targets Italian M&A Deals to Build Scale, Chairman Says

Olidata (OLI.MI), the Italian IT and cybersecurity group, is preparing to expand through mergers and acquisitions, with a potential deal likely before the end of the year, Chairman and main shareholder Cristiano Rufini told Reuters.

Rufini said the focus will remain on the Italian market, where small but innovative tech firms risk losing ground without consolidation. “In Italy, we have some very good, high-performing centres of excellence, but they are very small. If we don’t manage to build significant critical mass, some valuable technologies and solutions risk being lost,” he explained at the TEHA Forum in Cernobbio.

Since returning as chairman in April, Rufini has steered Olidata toward growth in digital healthcare and proprietary cybersecurity technologies. The company reported €96.7 million in revenue and €5.9 million in adjusted EBITDA last year.

Despite being relisted in 2023, Olidata’s share price has been volatile—currently around €2.8 with a €53 million market cap, well below its September 2023 peak of €8.65. Rufini attributed the swings to the stock’s structure, dominated by retail investors holding 32% of capital and the absence of institutional backers.

His goal: build a stronger governance framework, attract institutional investors, and position Olidata as a solid, growth-driven technology player in Italy’s digital economy.