To: Rande Is who wrote (13216 ) 10/7/1999 1:04:00 PM From: KevinThompson Read Replies (2) | Respond to of 57584
Rande, LTNX - Lintronic Interesting company and will be in the right business at the right time. Now I understand how B2B will really work on the net - SMART CARDS! This company has been beaten up for a long time, but now may be the right time to get in. book value at around 1.75, and around 10M shares outstanding. Had announcement today at a Microsoft Business conference. Trading at near annual low - around $5, but already had a move up today. It needs some volume to propel it upward from here. But I have no doubt that it will be trading much higher in weeks to come. (maybe sooner) KT ----------------------------------- REDMOND, Wash.--(BUSINESS WIRE)--Oct. 7, 1999-- Company Presents Details During Panel Discussion at Microsoft's Smart Card 99 Business Development Conference Litronic Inc. (Nasdaq:LTNX.O), a leading provider of Internet security solutions, today announced a new version of ProFile Manager(TM), its management tool for deployment of smart card and public key infrastructure (PKI) security solutions. The program is now able to manage the infrastructure for the many corporate PKI applications anticipated with the release of Windows for Smart Cards. Datamonitor projects the PKI market will dramatically increase with a 62% global average annual growth rate between 1998 and 2003, substantiating significant revenue potential for Litronic. Litronic's announcement came at today's Microsoft (Nasdaq:MSFT.O) invitation only, Smart Card 99 Business Development Conference, kicking off an industry collaboration to explore the wealth of business applications that can benefit from the use of smart cards. Smart cards and PKI technology, an advanced form of cryptography that helps ensure the integrity and privacy of information transmitted in electronic transactions, support multiple business applications including time and attendance, local transactions, digital signatures, electronic purse and e-commerce. Anticipating these multi-purposes and increasing complexity in deployment, Litronic's ProFile Manager manages the implementation and maintenance of smart cards for enterprise deployment. The program offers significant benefits with its scaleability and infrastructure support for evolving smart card business applications. "Smart cards can provide much more than secure access to your computer," said Bill Holmes, vice president sales and marketing for Litronic. "In addition to information security, common applications are physical access, systems access and human resource uses. Litronic's ProFile Manager fills the gap between vision and realityby integrating several applications on a single card and offering easy management and enterprise deployment." ProFile Manager provides a central point of data management, controlling the deployment, application and content for every user. It streamlines policy profiling for certificates, credentials, PIN rules, key generation and key backup and recovery and allows customization to organizations by offering printing and magnetic striping with each card. ProFile Manager offers easy distribution of Windows Powered Smart Cards including notification and remote activation. "Windows for Smart Cards will allow smart cards to reach mass deployment far quicker than through the current proprietary solutions," said Mike Dusche, director of Smart Card Marketing at Microsoft Corp. "Products such as Litronic's ProFile Manager will help provide the mature system management business need to maintain the security infrastructure and support the multiplicity of smart card uses on the Internet." About Litronic Litronic provides professional Internet data security services and develops and markets software and microprocessor-based products needed to secure electronic commerce business transactions and communications over the Internet and other communications networks based on Internet protocols. Litronic's data security products use an advanced form of computer security technology referred to as public key infrastructure (PKI). Litronic's Internet security products can be used with World Wide Web browsers, including Netscape Communicator and Microsoft Internet Explorer. Additional information on Litronic is available on the company's Web site at litronic.com .