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HOUSTON--(Business Wire)--IronClad Encryption Corporation (OTCQB: IRNC) today announced it has partnered with Black Pearl Engineering Management Inc., a Texas company, to co-develop ultra-secure products based on IronClad’s patented ultra-secure cybersecurity algorithms and methodologies. The joint venture will operate under the name "Black ICE" and will initially focus on network gateway products.

The Black ICE Programmable Logic Control (PLC) / Network Gateway product line specifically targets the Industrial Control System security market. Recently, market research firm Markets and Markets announced its expectations for the segment to grow from $10.24 billion in 2017 to $13.88 billion by 2022 - a Compound Annual Growth Rate (CAGR) of 6.3%.