(Applies to: DVNT RIMM T)
(DVNT.)Research In Motion Expands Licensing Agreement with Diversinet
To Enhance Security For Wireless E-commerce Applications
SANTA CLARA, Calif., Nov 3, 1999 (BUSINESS WIRE) --
Agreement increases market reach of Diversinet software and
allows RIM to ship wireless handheld devices that are "e-commerce
ready"
At the Wireless Internet 99 show today, Diversinet Corp.
(NASDAQ:DVNT) (CANADIAN DEALING NETWORK:DVNT.), a leader in security
software for wireless e-commerce, announced that Research In Motion
Limited (TSE:RIM; Nasdaq: RIMM)("RIM"), a pioneer in developing
wireless data products and services, has expanded its licensing
agreement for Diversinet's Passport security technology. RIM intends to
incorporate the technology in its family of wireless handhelds to
enable wireless e-commerce applications such as banking, stock trading
and consumer purchases.
This licensing agreement will significantly increase the potential
penetration of Diversinet's software. RIM is currently delivering
multiple wireless products and services to the market. The RIM
Inter@ctive(TM) Pager 950 is sold through BellSouth Wireless Data,
PageNet and Cantel(R) AT&T. The RIM 850 Wireless Handheld(TM) is sold
through American Mobile Satellite Corporation and SkyTel. RIM's
BlackBerry" wireless email solution is offered through Microsoft
Exchange value-added resellers (VARs) and system integrators.
BlackBerry is also offered as an integrated service through select
Internet Service Providers (ISPs). All of RIM's products and services
are supported by an active developer community and Independent Software
Vendors (ISVs).
"The agreement with RIM expands Diversinet's distribution channel for
providing wireless e-commerce security solutions over a variety of
devices," says Nagy Moustafa, president and CEO of Diversinet Corp.
"RIM is one of the most innovative wireless data companies and its
wireless Internet, intranet and e-commerce solutions are sparking the
deployment of time-sensitive wireless data services," says Moustafa.
Diversinet provides software systems for implementing an enhanced
public-key infrastructure (PKI) as part of the security solution for
digital communications and e-commerce over corporate networks, the
Internet, and wireless communication systems. Diversinet's Passport
software is optimized for wireless devices and other
bandwidth-constrained products, such as pagers, handhelds, cellular/GSM
phones and smart cards. Diversinet's security solutions employ a
modular and multi-mode approach that includes encryption, digital
signatures, digital certificates and digital permissions.
"Whether you're managing your bank account or buying a book, security
will be a paramount concern and a fundamental requirement. This
agreement facilitates RIM's intention to embed digital certificates and
ship wireless subscriber devices that are e-commerce ready," said Mike
Lazaridis, president and co-CEO of Research In Motion. "Diversinet's
Passport software addresses critical security requirements including
encryption, authentication, authorization and privacy while respecting
wireless resource utilization issues such as memory, bandwidth and
power consumption. Developers will value and take advantage of this
advanced security design as they define and build the next generation
of e-commerce applications."
As part of their efforts in developing wireless e-commerce solutions,
RIM and Diversinet will also work together with 724 Solutions to create
turnkey wireless packages for such applications as stock trading and
banking. 724 Solutions' software provides a critical end-to-end
software system that allows financial institutions to bridge their
existing systems and content to RIM's wireless handhelds.
"Diversinet and RIM enable 724 Solutions to integrate highly secure
communications into our product, and provides a good platform for
wireless e-commerce applications, " says Greg Wolfond, founder and CEO
of 724 Solutions, Inc.
"By leveraging our unique skills, Diversinet. RIM and 724 Solutions
will be able to provide the marketplace with comprehensive wireless
e-commerce solutions by combining the right devices, applications and
security," says Moustafa.
About Diversinet
Diversinet Corp. (NASDAQ Small Cap: DVNT, CDN: DVNT) is a leading
developer of security products based on public-key technology for
wireless e-commerce applications, such as banking, stock trading,
financial analysis and healthcare databases. Diversinet's innovative
Passport(TM) software, including authentication, digital certificates,
digital signatures and digital permits, is especially designed for
resource-constrained products, such as pagers, wireless phones and
smart cards. Diversinet is a WAP Forum member. Web site:
dvnet.com.
About Research In Motion
Research In Motion Limited is a leading designer, manufacturer and
marketer of innovative wireless solutions for the mobile communications
market. Through development and integration of hardware, software and
services, RIM provides solutions for seamless access to time-sensitive
information including email, messaging, Internet and intranet-based
applications. RIM technology also enables a broad array of third party
developers and manufacturers in North America and around the world to
enhance their products and services with wireless connectivity. RIM's
portfolio of award-winning products includes the RIM Inter@ctive(TM)
Pager 950, RIM 850 Wireless Handheld(TM), BlackBerry(TM) wireless email
solution, wireless personal computer card adapters, embedded
radio-modems and software development tools. Founded in 1984 and based
in Waterloo, Ontario, RIM is listed on the Nasdaq Stock Market (Nasdaq:
RIMM) and the Toronto Stock Exchange (TSE: RIM). Investors may contact
investor_relations@rim.net. Customers may contact info@rim.net. Web
site: www.rim.net.
About 724 Solutions
724 Solutions Inc. is a privately held company established in 1997 to
conceive, design and deliver Internet software applications enabling
"anytime, anywhere, anyway" access to trusted banking and investment
services. The company has relationships with Bank of America, Bank of
Montreal and Bell Mobility. 724 Solutions has also developed alliances
with leading software developers and hardware manufacturers, including
Research In Motion (RIM), Phone.com (formerly Unwired Planet),
3Com/Palm Computing, Qualcomm and Neopoint (formerly Innovative Global
Solution [IGS]). Web site: 724.com.
Research In Motion, RIM, Inter@ctive, Inter@ctive Pager, RIM 850
Wireless Handheld and BlackBerry are trademarks of Research In Motion
Limited. Research In Motion and RIM are registered, U.S. Patent and
Trademark Office. All other brands, products and company names
mentioned herein may be trademarks of their respective holders.
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
-0-
CONTACT: HWH Public Relations
Jeff Lewis, jeffl@hwhpr.com
212/355-5049
or
Research In Motion
Mark Guibert, mguibert@rim.net
519/888-7465
or
Investor Relations Group
Richard Land, 212/736-2650
TheProTeam@aol.com
WEB PAGE: businesswire.com
GEOGRAPHY: INTERNATIONAL CANADA
INDUSTRY CODE: E-COMMERCE
INTERNET
SOFTWARE
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