MISSISSAUGA, Ontario – October 23, 2006 –Certicom Corp. (TSX: CIC) today announced it has signed a multi-year, multi-million dollar agreement with a global manufacturer to license Certicom’s security technology. The customer name cannot be disclosed under the terms of the agreement.
Under the agreement, the global manufacturer will pay a one-time licensing fee of US$3 million, entitling the company to deploy Certicom’s technology into its products. The agreement provides for additional royalty payments once the company’s related product shipments exceed the prepaid number of seats. Certicom will be recognizing the license revenue in its current fiscal quarter.
Certicom protects the value of your content, applications and devices with government-approved security. Adopted by the National Security Agency (NSA) for classified and sensitive but unclassified government communications, Elliptic Curve Cryptography (ECC) provides the most security per bit of any known public-key scheme. As the undisputed leader in ECC, Certicom security offerings are currently licensed to more than 300 customers including General Dynamics, Motorola, Oracle, Research In Motion and Unisys. Founded in 1985, Certicom's corporate offices are in Mississauga, ON, Canada with worldwide sales headquarters in Reston, VA and offices in the US, Canada and Europe. Visit www.certicom.com