Joint Promotion and Referral program the First of Multiple Initiatives to Expand Respective BusinessesHSINCHU, Taiwan and SUNNYVALE, California, – September 7, 2005
-- Faraday Technology Corporation (TAIEX: 3035), a leading ASIC and IP provider, and SafeNet, Inc. (NASDAQ: SFNT), a global leader in information security, today announced that the two companies have entered a strategic marketing partnership. The agreement will encourage both sales forces to jointly promote custom security chip development capability utilizing SafeNet's security technology and Faraday's ASIC infrastructure. In addition, Faraday will also refer customers whose requirements fit within SafeNet's product portfolio to Safenet. This is a first step of several programs to roll out jointly by the two companies in 2005 and 2006.
With increasing connectivity and bandwidth requirements, the need to protect network traffic with high-performance silicon products has become integral to every network infrastructure, from large enterprises to the small office/home office ( SoHo ) market.
Many customers can utilize standard, off-the-shelf security processor chips, but some would require custom devices. Faraday and SafeNet's partnership enables the two companies to better service customers by directing them to the most economically efficient solutions available.
"I am very excited about this opportunity to partner with the industry leader," said H.P. Lin, President at Faraday. "Ever since the development of the NC-1, our communication infrastructure Structured ASIC, we have looked forward to opportunities such as this to partner with industry leaders. This is truly a synergistic alliance".
"SafeNet is very enthusiastic about this partnership with Faraday," adds Henk Pruim, Vice President and General Manager of SafeNet's Networking Business Unit. "The agreement adds tremendous value by enabling us to provide custom security ASIC solutions to our customers and expand our portfolio of best-in-class security processors."
"The Faraday – SafeNet partnership announcement is a big step in signaling to the market place that we are serious about serving security applications with a combination of our ASIC and structured ASIC products," said Christopher Moezzi, Vice President of Business Development and Structured ASIC Marketing at Faraday USA . "We intend to complement our ASIC and IP portfolio with SafeNet's industry-leading security offerings to bring solid and proven high security content ASIC solutions to our customers."About SafeNet
SafeNet, Inc. 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 Faraday Technology Corporation
Faraday Technology Corporation is a leading silicon IP and fabless ASIC vendor. The company's broad IP portfolio includes 32-bit RISC CPUs, DSPs, MPEG4, H.264, PHYs/Controllers for USB 2.0, Ethernet, Serial ATA and PCI Express. With more than 500 employees and 2004 revenue of US$159 million, Faraday is one of the largest fabless ASIC companies in the Asia-Pacific region, and it also has a significant presence in other world-wide markets. Headquartered in Taiwan , Faraday has service and support offices around the world, including the U.S. , Japan , Europe, and China . For more information, please visit: http://www.faraday-tech.com