License of SafeNet Technology Expanded by Texas Instruments
BALTIMORE—(BUSINESS WIRE)—Jan. 27, 2004—
SafeNet (NASDAQ:SFNT), a leading provider of private and
public network security solutions that set the standard for securing
virtual private and wide area networks, today announced that Texas
Instruments Inc. (TI) has broadened its license of SafeNet
Intellectual Property, SafeXcel(TM) IP.
"We are pleased to improve and expand our existing relationship
with TI, the leader in wireless semiconductor shipments. As a leader
in many consumer segments, that also demand higher levels of security
and performance, TI provides a great opportunity for SafeNet to expand
our security technology in these markets," said David Potts, Senior
Vice President and General Manger of SafeNet's Embedded Security
Division.
TI previously licensed SafeNet's intellectual property to deploy
within its OMAP(TM) platform in 2.5 and 3G wireless devices. Security
has become a critical component for many consumer applications, such
as personal audio and video players, wireless phones and PDA's,
set-top boxes, broadband appliances, networking, and automotive
applications. These embeddable security blocks are used to accelerate
security functions in different applications alleviating the
processing burden off of other main components within the system.
"SafeNet is a strong supplier of security intellectual property.
We have expanded our license to use SafeNet IP to include additional
product groups," said Paul Werp, Worldwide Marketing Director for TI's
OMAP platform.
About SafeNet, Inc.
SafeNet, Inc. (NASDAQ:SFNT), a leading provider of private and
public network security solutions, has set the industry standard for
VPN technology and secure business communications and offers the only
encryption platform for both WAN and VPN networks. With more than 20
years experience in developing, deploying, and managing network
security systems for the most security-conscious government, financial
institutions, and large enterprise organizations around the world,
SafeNet's proven technology has emerged as the de facto industry
standard for VPNs. SafeNet is the single-source vendor for WAN and VPN
security solutions teamed with an easy and low-cost migration path to
a broad range of VPN products. SafeNet security solutions, based on
SecureIP Technology(TM), and part of the CGX Security Platform, have
become the products of choice for leading Internet infrastructure
manufacturers, service providers, and security vendors. Securing the
infrastructure of today's e-business communications as well as leading
the way in government Homeland and classified data security, SafeNet
has opened new markets for interoperable, secure, and deployable VPN
communications. Commercial customers include Texas Instruments,
Microsoft, Samsung, Centillium Communications, ARM, and Cisco Systems.
Government, financial, and large enterprise customers include Federal
Bureau of Investigation, U.S. Postal Service, U.S. Department of
Defense, U.S. Internal Revenue Service, Social Security
Administration, American Express, Bank of America, Eastman Kodak,
Hewlett-Packard, and Motorola. For more information, visit
http://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. These risks and
uncertainties include contract termination risks, risks associated
with acquiring other companies, including integration risks, and other
risks described in SafeNet's Securities and Exchange Commission
filings.
Editor's Note: SafeNet is a registered trademark and SafeXcel and
SecureIP Technology are trademarks of SafeNet, Inc. All other
trademarks are the property of their respective owners.
Contact:
SafeNet, Inc.
Maureen Kolb, 443-327-1238
mkolb@safenet-inc.com
www.safenet-inc.com
