Announces Partnerships and Licensees in Argentina, Brazil and Chile
HAYWARD, Calif., April 30, 2001 - Certicom (Nasdaq: CERT; TSE: CIC) a leading provider of mobile e-business security, today announced that it has expanded its international efforts to include Latin America. The Company is announcing key partnerships and licensees in the countries of Argentina, Brazil and Chile including Cirilo Ayling S.A., Montreal Informatica, TakeNet and Biotech Technologies Chile S.A. Certicom is working with these companies to provide complete e-business security solutions based on Certicom's industry leading toolkits and public key infrastructure (PKI) products that will be used to deliver advanced levels of security to the Latin American e-commerce and m-commerce markets.
"We are excited to be expanding our International efforts to include Latin America, an area that is quickly growing and realizing the need for end to end e-security solutions," said Richard Depew, Certicom's executive vice president. "Certicom's partnerships with local companies will play an important role in promoting the adoption of security infrastructure solutions for e-business in Latin America and around the globe."
The Hayward, California based company has expanded its Latin American presence in response to a growing market. A recent study by IDC predicts that a booming cellular market in Latin America is expected to fuel the development of mobile data, driving the market value of this segment to US$4.2 billion by 2004.
In Argentina, Certicom has formed an alliance with Cirilo Ayling S.A. to enable businesses to meet the significant growth in demand for secure online payments in the financial and communications market. Cirilo Ayling is leading provider of information technology and cryptography services and products to the Argentinean banking, financial and retail industries.
In Brazil, Certicom is working with Montreal Informatica and TakeNet Ltda. to provide security solutions for tof government agencies and financial clients. Montreal Informatica, a leading information technology firm with 6 regional offices throughout Brazil, will be a strategic Certicom partner in the Brazilian marketplace. TakeNet, a wireless technology company, has licensed Certicom's wireless security technology to launch the country's first mobile browser for the Palm Series as well as Pocket PC running on Windows CE.
In Chile, Certicom has partnered with Biotech Technologies Chile S.A., a security cryptography and biometrics company, to provide a trusted and secure solution for mission critical communications for its banking and governmental clients.
"Certicom's leading products and solutions are certainly a critical element in providing the highest levels of security required by corporations and financial institutions in the Brazilian market place," said Marcel Lapido Barbosa, project manager of Montreal Informatica. "By working with them, we are providing our customers the most advanced levels of both wired and wireless security available today."
"Certicom's leadership in end to end security solutions enables TakeNet to provide our customers with strong security from a name that is trusted internationally," Daniel Rodrigues Costa, president and CEO of TakeNet. "Certicom's experience in providing advanced wireless security allows us to build strong and efficient encryption into our products."
Certicom is a leading provider of information security software and services that address the need for end to end security solutions. Certicom's robust suite of products and services include WTLS Plus™ for WAP implementations, Security Builder® cryptographic toolkit, Trustpoint™ PKI products, MobileTrust™ managed certificate service and the movianVPN handheld client.
Certicom is a leading provider of information security software and services, specializing in solutions for mobile e-business. The company's products and services are specifically designed to address the challenges imposed by a wireless data environment. Certicom's solutions incorporate its efficient encryption technology and are based on industry standards for information security that utilize public key cryptography. Certicom's products are currently licensed to more than 150 customers including ePocrates, Inc., Motorola, Inc., NeoPoint, Inc., Nortel Networks, Openwave Systems, Palm, Inc., Pixo, Inc., QUALCOMM, Inc., Research In Motion Ltd. and Sony International (Europe) GmbH. Certicom's headquarters and worldwide sales and marketing operations are based in the Silicon Valley in Hayward. For more information, visit Certicom's Web site at http://www.certicom.com.
Certicom is a trademark of Certicom Corp. All other companies and products listed herein are trademarks or registered trademarks of their respective holders.
Except for historical information contained herein, this press 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 (mobile e-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 principle 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 third 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 Securities and Exchange Commission and Canadian securities regulatory authorities including Certicom's current Annual Report on Form 10-K.
For further information, please contact:
|Lorraine Kauffman||Elizabeth Safran
|Certicom Corporation||Lutchansky Communications for Certicom
|(510) 780-5417||(408) 938-9050 x25