|[June 29, 2006]
SafeNet Announces Formation of Consortium to Support HSPD-12 Needs of Government Agencies and System Integrators
BALTIMORE --(Business Wire)-- June 29, 2006 -- HSPD-12 Interoperability Consortium Will Provide a Comprehensive Solution and Testing Lab for Physical and Logical Access Control
SafeNet, Inc. (NASDAQ:SFNT), setting the standard for information security, today announced the formation of the HSPD-12 Interoperability Consortium. This is a partnering of industry leading vendors committed to providing an interoperable solution to government agencies and system integrators which addresses the challenges and opportunities of complying with the White House issued Homeland Security Presidential Directive (HSPD) 12 - Policy for a Common Identification Standard for Federal Employees and Contractors.
The Consortium's goals are: to provide a clear industry perspective to government agencies and system integrators; to offer an end-to-end interoperable HSPD-12 solution; to build a testing lab to demonstrate the preconfigured and pre-tested solution; and to ensure the solution is flexible to accommodate the future security needs of customers.
The HSPD-12 Consortium, comprised of seven founding information security companies, will provide assurance of compliance and of interoperability between the many components required to meet the mandate including smartcards, PKI, middleware, card credential management system, biometrics and a physical access system. These industry-leading companies bring a high level of expertise on varied products sharing information and resources to minimize the integration challenges. The participating "Founding Member" companies and their HSPD-12 compliant component are:
-- SafeNet, Inc. - smart card, authentication and encryption solutions
-- Consul Risk Management, Inc. - security audit and compliance
-- Corestreet, Ltd. - integration and identity management software
-- Entrust - Certificate Authority, Shared Service Provider, and Encryption solutions
-- Forum Systems, Inc. - secured systems architecture
-- Precise Biometrics, Inc. - biometric solutions
-- Probaris Technologies - secured business process solutions
-- Intercede - smart card management
-- Omnikey - smart card readers
HSPD-12 was signed on August 27, 2004, in response to the general threat of unauthorized access to physical facilities and logical IT assets. The primary objectives are the development and deployment of a Federal Government-wide common and reliable identification verification system that will be interoperable among all Government agencies and serve as the basis for reciprocity between those agencies. The compliance deadline is October 27, 2006.
"The idea to create a consortium was born out of a desire to work with other industry leaders towards a common goal of protecting the national interests of the United States and assuring compliance with HSPD-12," said Phil Saunders, general manager of SafeNet's Borderless Security Business Unit. "The Consortium will focus on clear communication with government agencies and systems integrators on the mandate while working together to create an interoperable solution and building a testing lab that demonstrates the complete solution before the October deadline. Our goal is to remove confusion about the many pieces of HSPD-12 and make the job of system integrators and government agencies easier."
About SafeNet, Inc.
SafeNet (NASDAQ: SFNT) is a global leader in information security. Founded more than 20 years ago, the company provides complete security utilizing its encryption technologies to protect communications, intellectual property and digital identities, and offers a full spectrum of products including hardware, software, and chips. UBS, Nokia, Fujitsu, Hitachi, ARM, Bank of America, NetGear, the Departments of Defense and Homeland Security, Adobe, Samsung, Texas Instruments, the U.S. Internal Revenue Service and scores of other customers entrust their security needs to SafeNet. For more information, visit www.safenet-inc.com
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
The statements contained in this release, which are not historical facts, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
These statements are subject to uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. Important factors that could cause actual results to differ materially are included but are not limited to those listed in SafeNet's periodic reports and registration statements filed with the Securities and Exchange Commission. The Company assumes no obligation to update information concerning its expectations.
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