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RIM expands use of Elliptic Curve Cryptography (ECC) in BlackBerry products  | |  | | | “With more than one million subscribers, BlackBerry has become the wireless solution of choice for many enterprise and government organizations..."- Ian McKinnon, President and CEO of Certicom. |
MISSISSAUGA, Ontario – (May 3, 2004) – Certicom Corp. (TSX: CIC), the authority for strong, efficient cryptography, today announced that Research In Motion (RIM) (Nasdaq:RIMM; TSX:RIM) has licensed the Security Builder® Crypto toolkit and Elliptic Curve Cryptography (ECC)-based intellectual property from Certicom. This agreement allows RIM to extend its existing ECC-based security from Certicom in its BlackBerry® offerings. Implementing secure, wireless solutions is a top priority for most IT executives. BlackBerry has become popular in many government and enterprise organizations because it provides secure, integrated, push-based access to important communications and information. Since 2000, RIM has been using Certicom’s Security Builder developer toolkits, and in particular its strong and efficient ECC libraries, to enhance security for the BlackBerry wireless platform. ECC provides the most security per bit of any known public-key scheme. This results in faster computations, lower power consumption, as well as memory and bandwidth savings. Last year, the National Security Agency (NSA) purchased extensive licensing rights to Certicom’s ECC-based intellectual property, validating ECC’s strength and leading the way to future adoption. “With more than one million subscribers, BlackBerry has become the wireless solution of choice for many enterprise and government organizations. Much of this success can be attributed to RIM’s focus on efficient security that’s extremely important to users,” said Ian McKinnon, President and CEO of Certicom. “We are pleased to be licensing our security technology to RIM. This agreement represents another important validation of our ECC-based Intellectual Property.” Under the agreement, RIM will pay a one-time US$3.5 million Intellectual Property license fee, entitling them to deploy a fixed number of seats. The agreement provides for additional revenue through royalties once RIM exceeds the prepaid number of seats. Certicom will be recognizing the license revenue over three years starting in the first quarter of fiscal 2005 which begins on May 1, 2004. About Research In Motion (RIM) Research In Motion is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market. Through the development of integrated hardware, software and services that support multiple wireless network standards, RIM provides platforms and solutions for seamless access to time-sensitive information including email, phone, SMS messaging, Internet and intranet-based applications. RIM technology also enables a broad array of third party developers and manufacturers to enhance their products and services with wireless connectivity. RIM's portfolio of award-winning products, services and embedded technologies are used by thousands of organizations around the world and include the BlackBerry® wireless platform, the RIM Wireless Handheld™ product line, software development tools, radio-modems and software/hardware licensing agreements. Founded in 1984 and based in Waterloo, Ontario, RIM operates offices in North America, Europe and Asia Pacific. RIM is listed on the Nasdaq Stock Market (Nasdaq: RIMM) and the Toronto Stock Exchange (TSX: RIM). For more information, visit www.rim.com or www.blackberry.com. About Certicom Certicom is a leading provider of wireless security solutions, enabling developers, governments and enterprises to add strong security to their devices, networks and applications. Designed for constrained devices, Certicom’s patented technologies are unsurpassed in delivering the strongest cryptography with the smallest impact on performance and usability. Certicom products and technologies are currently licensed to more than 300 customers including Cisco Systems, Motorola, the National Security Agency, Palm, Research In Motion, Sony Ericsson and Texas Instruments. Founded in 1985, Certicom is headquartered in Mississauga, ON, Canada, with offices in Ottawa, ON; Reston, VA; San Mateo, CA; and London, England. Visit www.certicom.com. Certicom, Security Builder, Security Builder Crypto, Security Builder SSL, Security Builder PKI, Security Builder GSE, movianVPN, movianCrypt and movianMail are trademarks or registered trademarks of Certicom Corp. MOTOROLA and the Stylized M Logo are registered trademarks in the US Patent & Trademark Office. Java and all other Java-based marks are trademarks or registered trademarks of Sun Microsystems, Inc. in the U.S. and other countries. The Bluetooth trademarks are owned by their proprietor and used by Motorola, Inc. under license. All other companies and products listed herein are trademarks or registered trademarks of their respective holders. Forward-Looking Statements Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Factors that might cause a difference include, but are not limited to, those relating to the acceptance of mobile and wireless devices and the continued growth of e-commerce and m-commerce, the increase of the demand for mutual authentication in m-commerce transactions, the acceptance of Elliptic Curve Cryptography (ECC) technology as an industry standard, the market acceptance of our principal products and sales of our customer's products, the impact of competitive products and technologies, the possibility of our products infringing patents and other intellectual property of fourth parties, and costs of product development. Certicom will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect Certicom's financial results is included in the documents Certicom files from time to time with the Canadian securities regulatory authorities. The shares of the company described above have been offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States pursuant to Regulation S of the Securities Act. The shares have not been registered under the Securities Act and may not be offered or sold in the United States or to a U.S. Person absent registration or an applicable exemption from registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering would be unlawful. For further information, please contact: | For Certicom | | | | Tim Cox | Brendan Ziolo | | | ZingPR | Certicom Corp. | | | (650) 369-7784 | (613) 254-9267 | | |
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