K-Micro (Kawasaki Microelectronics) Licenses SafeNet's SafeXcel IP Security Engines for its ASIC IP Portfolio

SafeNet Technology Enables K-Micro Customers to Design ASICs for Secure Networking and Office Automation Products

Baltimore, Maryland and San Jose, California, December 8, 2004 – K-Micro (Kawasaki Microelectronics), a leader in advanced yet affordable ASICs, and SafeNet, Inc. (NASDAQ: SFNT), setting the standard for information security, today announced that K-Micro has licensed SafeNet's SafeXcel IP Security Engines technology to add to its ASIC intellectual property (IP) portfolio to integrate powerful and cost-effective security into ASICs for applications such as office automation and secure networking products.

"Our customers need a powerful yet cost-effective cryptographic hardware acceleration solution to protect network communications via standard security protocols and to encrypt sensitive data stored in network printers," said Sunil Baliga, vice president of marketing and business development at K-Micro. "SafeNet's technology is silicon-proven; they are a profitable, financially sound company with an international presence. Thus, partnering with a trusted vendor such as SafeNet will help K-Micro quickly grow in markets that need security technology, including fiber-to-the-premises (FTTP) and network printers."

The SafeXcel IP product portfolio comprises both integrated as well as stand-alone security engines, including high-performance encryption, high-performance hash, public key accelerators, a highly-integrated packet engine, a true random number generator, and a content inspection engine. Designers have the option to use a fully integrated security system or select individual engines to suit their specific design needs, thereby providing maximum flexibility and reducing cost.

"By taking advantage of SafeNet's technology, K-Micro's customers can speed up their time-to-market and reduce their development risk for ASICs in secure networking and secure office automation products," said Henk Pruim, Vice President and General Manager, SafeNet, Networking Business Unit. "Our technology is a perfect fit for K-Micro's growing ASIC IP portfolio because it was designed specifically for integration into complex SoCs with special emphasis placed on portability, ease of integration and reliable performance. We look forward to working closely with K-Micro to help their customers succeed."

About K-Micro (Kawasaki Microelectronics)
K-Micro is the leader in advanced yet affordable ASIC semiconductor technology solutions. The company’s innovative core technologies and world-class design support are used in the consumer electronics, computer, office-automation, and networking markets. The company is an active participant in industry standards organizations, including the Wi-Fi Alliance, Network Processing Forum (NPF), Optical Internetworking Forum (OIF), PCI Special Interest Group (PCI-SIG), USB Implementers Forum, MPEG Industry Forum (MPEGIF), Mobile Computing Promotion Consortium (MCPC), the Digital Display Working Group (DDWG), SD Card Association (SDA) and OCP International Partnership (OCP-IP). K-Micro has design centers in Boston, San Jose, Taipei, and Tokyo. For more information, contact the company at 408-570-0555, or visit http://www.k-micro.us.

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.

"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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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.