| SafeNet, Inc. operates in three business segments: Technology Operations, Product Operations and European Operations. The Technology Operations segment designs and manufactures products, chips and software for sale to companies that will embed these products into their products for ultimate sale to end users. The Product Operations segment designs and manufactures network security products inside the United States for direct sales to end users. The European Operations segment designs and manufactures network security products outside the United States. During 2001, SafeNet's key customers were Adtran, Samsung, Watchguard and Corrent. SafeNet's VPN (virtual private network) technology and product offerings include software and hardware products, dedicated solutions and embedded technology for the OEM (original equipment manufacturer) market. |