Tuesday August 22, 7:31 am Eastern Time
Press Release
SOURCE: RSA Security Inc.
RSA Security Granted Unrestricted Export for RSA Keon(R) Products
Roadblock Removed to Selling RSA Keon Software to Foreign Governments
BEDFORD, Mass., Aug. 22 /PRNewswire/ -- RSA Security Inc. (Nasdaq: RSAS - news) today announced it has received approval from the U.S. government for the unrestricted export and sale of RSA Keon® products to foreign government agencies. Combined with the approval the company received earlier this year for the unrestricted export and sale of RSA Keon products to foreign commercial entities, RSA Security can now compete on an equal footing around the world and sell its RSA Keon digital certificate solutions much more aggressively internationally. Before RSA Security received this approval, sales of RSA Keon products to foreign governments required the company to obtain an export license for each transaction.
``We are extremely pleased to be able to compete on a level playing field with our RSA Keon products internationally,'' said Scott Schnell, senior vice president of marketing for RSA Security. ``By eliminating the several month delay we experienced prior to completing sales to foreign governments, we expect to be much more competitive and better able to stake our claim to a greater share of this lucrative market.''
In January of this year, the U.S. government completely eliminated the need for U.S. companies to obtain a license to export products containing strong encryption to virtually any commercial entity abroad, including telecommunications operators, ISPs, e-tailers, airlines, banks and hospitals, among others, but kept the restrictions on sales of these products to foreign government agencies. The new policy also allows applications developed outside the U.S. using strong encryption components such as RSA BSAFE® to be re-exported to most other countries without the prior review that was necessary under the former regulations.
About RSA Security Inc.
RSA Security Inc., The Most Trusted Name in e-Security(TM), helps organizations build secure, trusted foundations for e-business through its RSA SecurID® two-factor authentication, RSA BSAFE® encryption and RSA Keon® public key management systems. With more than a half billion RSA BSAFE-enabled applications in use worldwide, more than seven million RSA SecurID users and almost 20 years of industry experience, RSA Security has the proven leadership and innovative technology to address the changing security needs of e-business and bring trust to the new, online economy. RSA Security can be reached at www.rsasecurity.com.
NOTE: RSA, BSAFE, Keon and SecurID are registered trademarks, and The Most Trusted Name in e-Security is a trademark of RSA Security Inc. All other products and services mentioned are trademarks of their respective companies.
This press release contains forward-looking statements relating to the anticipated effect of revised export regulations. Such statements involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are future modifications to U.S. and foreign government import and export regulations, technical difficulties, software bugs and errors, competitive pressures, changes in customer and market requirements and standards, market acceptance of new technologies, technological changes in the computer industry, general economic conditions both within and outside of the U.S. and the risk factors detailed from time to time in RSA Security's periodic reports and registration statements filed with the Securities and Exchange Commission, including without limitation RSA Security's Annual Report on Form 10-K filed on March 15, 2000 and its Quarterly Report on Form 10-Q filed on August 14, 2000.
SOURCE: RSA Security Inc. |
