Wavesat Selects SafeNet for Next-Generation WiMAX OEM platform

SafeNet Provides Security Co-Processors to Protect Broadband Connection

BALTIMORE, Maryland, July 5, 2005 - SafeNet, Inc. (NASDAQ: SFNT), setting the standard for information security, today announced that Wavesat, a leading developer of WiMAX silicon and reference designs, has integrated SafeNet's SafeXcel-1141 security co-processor to power the WaveSat EvolutiveTM WiMAX DM256 reference design for OEM developers building WiMAX (Worldwide Interoperability for Microwave Access) broadband equipment.

"We see strong demand in the OEM market for highly secure WiMAX equipment that protects broadband connections against malicious attacks." said Pierre Lamoureux, vice president of engineering and CTO for Wavesat. "We selected SafeNet because it is the only security vendor that delivers a complete hardware and software solution to provide carrier-grade security for our WiMAX reference platform. Teaming up with a leader like SafeNet enabled us to rapidly build the most secure WiMAX platform at the best price and performance points that today's broadband solutions require."

To provide maximum protection against an increasing range of security threats, Wavesat's DM256 reference design is powered by SafeNet's SafeXcel-1141, a cost-effective security co-processor that accelerates algorithms critical for reliable WiMAX security, including RSA for key exchange, AES and DES/3DES for data encryption, and HMAC/SHA for data integrity. Off loading security algorithms from the main CPU to the dedicated SafeXcel security co-processor dramatically improves application performance and enables scalable WiMAX base stations and subscriber units.

"Wavesat's highly integrated, high-performance reference platform gives systems developers a head start to provide secure WiMAX equipment, at a fraction of the cost and time required to build in-house designs from scratch," adds Henk Pruim, Vice President and General Manager for SafeNet's OEM/Networking Business Unit.

A next-generation Orthogonal Frequency Division Multiplexing (OFDM) platform with advanced NLOS (non-line-of-sight) functionality, Wavesat's Evolutive DM256 solution is designed for OEM vendors that are building next-generation WiMAX base stations and subscriber units for IP-based broadband data and voice services. Its carrier-class design supports broadband speeds and quality of service (QoS) levels that enable carriers to offer broadband data and VoIP services to thousands of residential and business subscribers in a single cell.

Original equipment manufacturers benefit from this ready-to-deploy platform by reducing total cost, accelerating time to market, and leveraging a complete solution that meets the highest security and performance requirements in the WiMAX market.

WiMAX, the 802.16 standard for wireless broadband networks, has a range of up to 30 miles and can deliver last mile broadband connectivity at a maximum of 75 megabits per second, which is more than 20 times the speed of the fastest wired broadband available today. In a recent report, the market research firm TelecomView predicts that WiMAX will pick up 70% of the new high speed wireless market segment by 2009 due to its higher performance and greater flexibility. And according to market research firm Northern Sky Research, the WiMAX market will reach 12.4 million subscribers by 2010.

The SafeXcel security co-processors are a key component of SafeNet's fully integrated security systems for IPsec and SSL VPN, Firewall, and Intrusion Prevention appliances. SafeNet offers OEMs a wide range of security product choices to build advanced networking solutions while lowering product cost and time to market. Other SafeNet security products include semiconductor IP and security co-processors for hardware acceleration, security protocol stacks, as well as advanced VPN software toolkits.

About SafeNet, Inc.
SafeNet 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. 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.

About Wavesat
Founded in 1993, Wavesat Inc. is a fabless semiconductor company focused on the development and supply of baseband chips for WiMAX compliant systems. Wavesat is headquartered in Montreal, Canada where it conducts research and development activities. Wavesat is a privately held company. Key investors include, BDC Venture Capital, Monet Capital, Multiple Capital, Pac-Link Management Corp., Skypoint Capital Corporation, Solidarity Fund QFL and Sunsino Ventures Group.

"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.

Wavesat is a Principal member of the WiMAX Forum, a nonprofit corporation formed to certify the compatibility and interoperability of Broadband Wireless devices conforming to the 802.16 wireless MAN and ETSI HiperMAN specifications and to help accelerate the introduction of these devices into the marketplace. For more information, visit www.wavesat.com.

Editor's Note: SafeNet is a registered trademark and SafeXcel is a trademark of SafeNet, Inc. All other trademarks are the property of their respective owners.

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