Wireless Security Demonstration Given to Attendees at RSA
RSA CONFERENCE, SAN FRANCISCO, Calif., April 10, 2001 - Innovative technology companies Cloakware Corporation, Certicom (Nasdaq:CERT; TSE:CIC), Communication Intelligence Corporation (CIC) and Neomar, today demonstrated the industry's first biometric-enabled end-to-end PKI security solution that safeguards e-business transactions using wireless devices.
Today's demonstration illustrates how Cloakware's Tamper Resistant Software (TRS) technology is used to protect biometric signature verification software from Communication Intelligence Corp., which in turn, is used to release a digital certificate using Certicom's wireless Public Key Infrastructure (WPKI). This real-world application demonstration was performed using a standard Palm VII and the Neomar WAP-enabled browser enabled with WPKI from Certicom.
"The solution provides a user experience that is as natural and secure as signing a credit card slip which ties the individual to the transaction, rather than the device to the transaction," says Fariborz Fallah, Cloakware's President & CEO. "Cloakware's TRS is the enabling technology offering the market the first solution for a "me"-commerce society".
"The ability for consumers to use their own handwritten signatures to gain access to mobile commerce and financial services makes these services easier to use, while also enhancing security," said Greg Wolfond, Chairman, 724 Solutions Inc. "This biometric PKI solution is made possible through the cooperation of some great companies and their winning technologies, and 724 Solutions is proud to have been the catalyst that brought these key players together."
The biometric PKI solution is the culmination of research and development of secure software-based cryptographic key storage with biometric access control first undertaken by 724 Solutions with Cloakware and CIC in 1999. "Adding a biometric component to Certicom's leading PKI solution further safeguards m-commerce transactions," said Prakash Panjwani, Vice President of Business Development of Certicom. "Certicom continues to provide its leading security for the industry's most cutting edge solutions that address the critical issues associated with today's wireless economy." This secure wireless solution is completely unique and offers various benefits for today's brokerage firms, trading exchanges, and e-businesses. The need for up-to-the minute secure mobile access for those needing to make transactions quickly, no matter their location is one example, but the benefits for e-businesses include lower operational costs such as a 75% savings in credit card service charges as a result of the reduced fraud risk. "Our partners and customers need to deploy a wireless solution that offers end users peace of mind that their transactions are absolutely secure, and this solution provides them with that peace of mind," said William R. "Butch" Winters, Neomar CEO. "Neomar has demonstrated its commitment to delivering secure solutions by being the first company to deploy WPKI in our browser, which enables digital signatures on wireless devices to become a reality."
"A higher level of non-repudiation protection can be provided through the use of biometric technology, stated Guido DiGregorio, CIC's President & CEO. "Combining tamper resistant software, biometrics and cryptography protects users from fraud in the most vulnerable of environments and makes the implementation of electronic transactions and correspondence as natural as signing your name."
Cloakware Corporation is the world's leading provider of tamper-resistant software (TRS) technology and applications. Cloakware TRS technology protects software applications and platforms from modification and reverse engineering attacks by hackers. Cloakware TRS compliments today's security infrastructures by extending trust to software and it is a key infrastructure technology for the future of E-commerce. Cloakware is working with leading OEMs to co-develop and embed its patent-pending TRS technology into products for several high-growth markets including mobile commerce, privacy applications, interactive Digital TV (iDTV) and Digital Rights Management (DRM). Cloakware Corporation (www.cloakware.com) is a privately-held software company headquartered in Ottawa, Canada.
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