To: Dale Baker who wrote (14807 ) 1/20/2000 11:21:00 AM From: Steve Smith Read Replies (1) | Respond to of 118717
Dale, If you like LINK, you should also look into LTNX. Here's why I bought it today. biz.yahoo.com Digital Signatures to Dominate Business-to-Business Electronic Commerce IRVINE, Calif.--(BUSINESS WIRE)--Jan. 5, 2000--Forecasting the future of Internet security, Litronic Inc. (Nasdaq:LTNX - news), a leading provider of data security solutions, Wednesday predicted that digital signatures will become the prominent mode for identification and authentication in business-to-business electronic communications and transactions in the next 3 years. According to Forrester Research, business-to-business electronic commerce is projected to jump to $1 trillion by 2003, up from $43 billion in 1998 -- validating the need for more secure electronic communications. The technology behind digital signatures is public key infrastructure (PKI), an advanced form of cryptography that ensures the integrity and privacy of electronic transmission of information. ''Several events occurred last year that are driving the integration and use of digital signatures in business applications where secure access and confirmation are required,'' said Kris Shah, president and CEO of Litronic Inc. ''Litronic has worked closely with strategic industry partners, such as Microsoft, to provide solutions that accelerate adoption and seamless deployment of digital signatures and PKI technology in corporate environments.'' Dynamics affecting PKI technology and the electronic security market include Microsoft's technology support, government legislation, and Litronic's product innovation designed to intercept market needs. Additionally, businesses' IT resources released from Y2K preparation are expected to transition significantly to implementation of security infrastructures. Microsoft Technology Microsoft Corp. (Nasdaq:MSFT - news) has made significant contributions to Internet security, advancing the technology in a familiar and easy-to-use operating system with the soon-to-be-released Windows 2000 and Windows Powered Smart Cards. Windows 2000 has integrated security features such as digital signature and certificate access that can be used with Windows Powered Smart Cards for the most secure, yet mobile access. Litronic has been an active contributor to Microsoft technology as announced in previous releases. ''Litronic's relationship with Microsoft has been mutually beneficial for the e-commerce industry,'' said Shah. ''Their commitment to Windows Powered Smart Cards is driving the growth of this market, making Internet security technology accessible for business-to-business e-commerce applications.'' Government Legislation In recent months, the U.S. government has passed legislation supporting digital signatures and easing export limits on encryption technology. A Senate bill, the Third Millennium Electronic Commerce Act, allows a digital signature to be as binding as a written signature in contracts. The Electronic Signatures in Global and National Commerce Act, a complementary bill from the House of Representatives, extends the Senate bill to other types of records including transactions and other communications among firms and consumers. Additionally, the government eased restriction on encryption strengths in exports. U.S. companies are now able to provide the same encryption strength used in the United States to overseas companies, enabling international e-trade to flourish. Again validating the expected move to electronic communication in commercial applications, the government passed an Act that enforces digital signatures in government transactions. The Paperwork Elimination Act will make it mandatory for all agencies to offer to the public federal documents electronically -- including the use of digital signature systems by October 2003. Litronic's Open Technology
Acknowledging the security industry's need for interoperability, Litronic develops technology that uniquely supports open standards. Litronic provides products and technology based on PKI and open-architecture, open-platform, open-token and algorithm-independent technologies. Among Litronic's product portfolio is ProFile Manager(TM), a management tool for deploying digital certificates, digital signatures, tokens and PKI technology. A digital certificate is a specially prepared software file that functions as an electronic credential identifying the owner of the certificate and authenticating the owner's ability to engage in transactions. Litronic's products are compatible with several certificate authorities, including VeriSign (Nasdaq:VRSN - news) and GTE CyberTrust (NYSE:GTE - news). ProFile Manager manages the implementation and maintenance of these items for enterprise environments by providing a central point of data management, and controlling issuance, application and content for every user. It streamlines policy profiling for certificates, credentials, personal identification number rules, key generation and key backup and recovery, and allows customization by offering printing and magnetic striping with each card. The company's NetSign(TM) is a comprehensive software package that brings the power and simplicity of smart cards to every Web-based transaction. NetSign smart card-enables leading Web browser applications and enhances security by integrating standards-based digital certificates with smart cards for secure Web access, secure email and form/object signing. NetSign enables current users of Windows 95, 98 and NT to add smart card capabilities similar to those that will be offered in Windows 2000. This enables corporations to take advantage of smart card-based security while gradual upgrades are made to Windows 2000. 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 . steve