Certicom conditional access system secures subscription revenue
MISSISSAUGA, Ontario – (February 5, 2007) –Certicom (TSX: CIC) today announced that WORLDSPACE® Satellite Radio (NASDAQ: WRSP), a global leader in satellite-based digital radio services, has licensed Certicom’s Conditional Access System to secure its Satellite Digital Radio (SDR) based broadcast services for the European market.
WORLDSPACE plans to roll out a European service on a sequential, country-by-country basis, beginning with Italy, which will be serviced by its current AfriStar™ satellite. An additional satellite is expected to provide increased capacity over Europe, enabling consumers to have access to approximately 50 channels per country of diversified sports, talk and commercial-free music programming at service maturity. Satellite radio requires a security solution that is strong enough to protect copyrighted material during transmission and at rest, while at the same time providing seamless activation and authorization by users.
Certicom’s Conditional Access System is currently deployed in millions of consumer and commercial electronic devices and protects hundreds of millions of dollars in subscription-based revenue. Certicom, the authority for strong, efficient cryptography, is the global leader in delivering security and conditional access solutions for the specialized needs of one-way digital satellite broadcasting systems and is ideally suited for other digital broadcast architectures such as Internet Protocol Television (IPTV) and mobile IPTV.
“At WORLDSPACE we pride ourselves on delivering unique, personalized content to our global subscribers. Through this agreement with Certicom, we are ensuring that our customers will continue to receive the highest quality programming available,” said Alexander P. Brown, Co – COO of WORLDSPACE. “Certicom has proven itself under the most demanding digital broadcasting environments and will deliver the highest level of security for our content while ensuring our customers the ease of use they expect.”
“WORLDSPACE has made a commitment to offer innovative programming to its users, enhancing their listening experience. The value of this level of investment demands a strong security solution,” said Ian McKinnon, Certicom’s president and CEO. “Satellite broadcasting environments present unique challenges where bandwidth constrained systems require optimized security that doesn’t affect performance.”
Under the terms of the agreement, WORLDSPACE will pay license royalties and an annual system maintenance and support fee.
About WORLDSPACE ® Satellite Radio
Based in the Washington, DC metropolitan area, Worldspace, Inc. (Nasdaq: WRSP) is the world's only global media and entertainment company positioned to offer a satellite radio experience to consumers in more than 130 countries with five billion people, driving 300 million cars. WORLDSPACE delivers the latest tunes, trends and information from around the world and around the corner.
WORLDSPACE subscribers benefit from a unique combination of local programming, original WORLDSPACE content and content from leading brands around the globe including the BBC, CNN, Virgin Radio UK, NDTV and RFI. The WORLDSPACE satellites cover two-thirds of the earth's population with six beams. Each beam is capable of delivering up to 80 channels of high quality digital audio and multimedia programming directly to WORLDSPACE Satellite Radios anytime and virtually anywhere in its coverage areas. WORLDSPACE is a pioneer of satellite-based digital radio services (DARS) and was instrumental in the development of the technology infrastructure used today by XM Satellite Radio. For more information, visit www.WORLDSPACE.com.
Certicom protects the value of your content, applications and devices with government-approved security. Adopted by the National Security Agency (NSA) for classified and 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 and marketing headquarters in Reston, VA and offices in the US, Canada and Europe. Visit www.certicom.com
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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.
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