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Gold/Mining/Energy : MYT - Mytec Technologies

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To: Ian A. who wrote (889)4/23/1998 2:50:00 PM
From: Ian A.  Read Replies (1) of 1535
 
New release:

MYTEC ANNOUNCES BIOMETRIC SECURITY PRODUCT ENTRUST-READY(TM)

Mytec joins Entrust Technologies(R) Partner Program to offer complete
end-to-end security solutions to customers

TORONTO, April 23 /CNW/ - Mytec Technologies Inc. (TSE:MYT), a leading
biometric security solutions company, today announced its biometric finger
imaging product, Touchstone(R), is now Entrust-Ready and that they have joined
the Entrust Partner Program, qualifying Mytec for a number of sales,
marketing, communications, and training benefits with Entrust Technologies.
''This Program will allow Mytec access to new customer contacts,
awareness generation to the Entrust international sales force, Entrust
training courses for technical certification, and a number of other benefits
that will provide us with the tools we need to be successful,'' said Thomas A.
Grecco, president and CEO, Mytec Technologies Inc.
''Our Touchstone device is in one of the hottest emerging markets,'' said
Grecco. ''We view this Partnership Program as another competitive edge in a
fiercely aggressive market.''
''We are pleased to welcome Mytec Technologies as our newest identity
device vendor in the Entrust Partner Program,'' said Brian O'Higgins,
executive vice president and chief technology officer, Entrust Technologies.
''Ensuring privacy and authenticity of data communications for enterprises
demands nothing less than best-in-class products and services. In response, we
created a unique partnership program that would allow companies like Mytec to
expand their business by combining their expertise and best-in-class
technology with our line of Certification Authority and key management
products.''
Entrust Technologies created this Partner Program for companies that add
value to their core business by providing products and services that
complement the award-winning Entrust family of products. Entrust software
products have been licensed for a variety of applications such as e-mail,
e-forms, remote access, SET, VPNs, single sign-on, secure Internet sessions,
electronic commerce and more.

About Touchstone
Touchstone is a self-contained biometric security device that uses finger
pattern information to replace the use of passwords. Reflecting Mytec's
continuing commitment to develop superior technologies without compromising
personal privacy, Touchstone's identity authentication process does not
involve storing of the user's fingerprint image. Instead, the finger pattern
information is used only to generate a template called a Bioscrypt(TM) that
cannot be reverse engineered to produce an image of the original fingerprint.

About Entrust Technologies
Entrust Technologies is dedicated to ensuring the privacy and
authenticity of data communications enterprise-wide. Its award-winning
public-key infrastructure (PKI) technology combines encryption and digital
signature capabilities with fully automated key management. Widely used by
financial institutions, government agencies and high-tech corporations, the
Entrust software family provides a complete security solution across multiple
platforms for desktops, corporate networks, intranets and the Internet.
Entrust Technologies is headquartered in Richardson, TX with offices in New
York, San Francisco, Los Angeles, San Diego, Chicago, Philadelphia, Boston,
St. Louis, Raleigh, Washington, Ottawa, Toronto, Montreal, London, and
Frankfurt. Entrust is a majority-owned subsidiary of Nortel (Northern
Telecom). It was recognized by Red Herring Magazine as one of the top 50
private technology companies of 1997. More information about Entrust
Technologies can be found at www.entrust.com.

About Mytec Technologies Inc.
Mytec Technologies Inc. (TSE:MYT) is headquartered in Toronto, Ontario
with distribution partners in various worldwide locations. Mytec specializes
in personal and corporate data security solutions using biometrics, and
develops both hardware and software applications. Mytec has also developed and
patented algorithms for secure key management using a biometric such as a
fingerprint. Through its wholly owned subsidiary, Counterforce, Mytec also
provides alarm monitoring services to more than 650 Independent Alarm Company
partners who sell, install and service security alarm systems. Visit our
website: mytec.com.

Mytec, Mytec Technologies Inc., the Mytec logo, Bioscrypt, Touchstone,
and Biometric Encryption are trademarks or registered trademarks of Mytec
Technologies Inc. in Canada and other countries. All other brand or product
names are or may be trademarks of, and are used to identify products or
services of, their respective owners.

Entrust is a registered trademark of Entrust Technologies, Inc. in the
United States and other countries. Entrust's servicemarks and Entrust product
names are also trademarks of Entrust Technologies, Inc. Entrust Technologies
Limited is a wholly owned subsidiary of Entrust Technologies, Inc.
-0- 04/23/98
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