BALTIMORE, Maryland – June 7, 2005 –
SafeNet, Inc. (NASDAQ: SFNT), setting the standard for information security, today announced that its Digital Rights Management (DRM) Solutions were among the first to demonstrate interoperability with leading device manufacturers at the first Open Mobile Alliance’s (OMA) TestFest for DRM V2.0.
This important standard is a critical milestone in the adoption of DRM technology as a vehicle to deliver high-value content to consumer electronic devices. The OMA TestFests are designed to have a dual purpose of ensuring the quality of OMA products and of enabling vendors to verify and test the interoperability of their product implementations. This event, held in Helsinki, was the first such event for OMA V2.0 implementations. This standard allows operators and content providers to securely distribute copyrighted material to both mobile handsets as well as to PCs and consumer electronics devices.
SafeNet is strongly committed to offering standards based, future-proof, flexible DRM solutions. SafeNet is a member of Open Mobile Alliance, Mobile Entertainment Forum, and has actively contributed to the OMA DRM V1.0 and V2.0 specifications, as well as made major contribution in defining the OMA DRM interoperability tests.
"This important event validates our customers' choice of our technology as the leading DRM solution available today," said Prakash Panjwani, Vice President and General Manager for SafeNet's Rights Management Business Unit. "We are committed to adopting standards that ensure that our solutions offer the highest level of interoperability."
SafeNet DRM products are fast, flexible and scalable server-side solutions for mobile Digital Rights Management (DRM). These products enable the entire DRM process including content protection, rights management, and license delivery to mobile devices as well as consumer electronics.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, Cisco Systems, the Departments of Defense and Homeland Security, Microsoft, 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
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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.
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