The document summarizes the new features of Istio 1.1, an open-source service mesh. Some key highlights include improved performance and scalability, namespace isolation, multi-cluster capabilities, easier installation with Helm, and locality-aware load balancing. A new Sidecar resource was introduced to improve performance by configuring resources for individual proxies. The presentation demonstrates performance improvements with the Sidecar resource and highlights additional functionality in Istio like traffic control and metrics collection.