Datakey Receives SignaSURE Order From a Major U.S. Bank
January 5, 1999 03:56 PM
MINNEAPOLIS, Jan. 5 /PRNewswire/ -- Datakey, Inc. DKEY , a Minneapolis-based provider of information security systems, has received an order for a customized SignaSURE smart card-based system from a top five ranked U.S. bank. The new SignaSURE smart card system is intended to replace an existing system used for authentication of large value financial transactions. It includes an undisclosed number of client seats and a Datakey Security Control Center that initializes and customizes the client smart cards. All system elements are expected to ship in the first quarter of 1999.
"This is a very important competitive award for us," said Carl Boecher, president and CEO of Datakey. "It shows the confidence the banking community has placed in our company and our SignaSURE product line. In addition, the resultant new custom product has direct applicability to other financial services firms who need the same high-security authentication capability that we now can provide."
Datakey, Inc. is an international supplier of electronic products and services. The Company provides product, subsystem and system solutions to record, store, and transmit electronic information. Datakey provides products and systems directed to the information security markets that enable user authentication, secure data exchange, and information validation. The Company also provides OEM products, consisting of proprietary memory keys, cards and other custom-shaped tokens that serve as a convenient way to carry electronic information and are packaged to survive in portable environments.
Shares of Datakey's common stock are traded on the Nasdaq/NNM under the symbol DKEY. Web address is datakey.com. Datakey press releases are available by fax through Company News On-Call at 800 758-5804, ext 231950 or at prnewswire.com
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