LUND, Sweden, June 4, 2003 (PRIMEZONE) -- RSA Security plans to add another level of trust to its market-leading RSA SecurID(R) authentication solution by integrating Precise Biometrics'(Other OTC:PBMTF) Precise BioMatch(TM) Technology.
Precise Biometrics AB (publ) , developer and provider of a leading and user-friendly biometric security solution based on fingerprints and RSA Security (Nasdaq:RSAS), the most trusted name in e-security(R), today announced a strategic partnership which will allow RSA Security customers to add another layer of authentication to their identity management system. RSA Security plans to design this new solution to enhance user convenience, reduce costs and increase user productivity.
Under terms of the agreement, RSA Security will integrate Precise Biometrics' Precise BioMatch(TM) fingerprint authentication technology with RSA SecurID(R) Passage smart card software and the RSA SecurID USB Token to enable strong protection and validation of a user's identity based on biometrics. By building on Precise Biometrics technology, RSA Security plans to provide an integrated biometric/smart card solution for customers that want either strong two or three-factor authentication to help protect access to corporate applications, to unlock credentials stored on a smart card, or to digitally sign electronic forms or documents.
The addition of fingerprint biometrics as an authentication factor is an important step forward that offers customers identity validation with exceptional convenience and management. Organizations needing to balance ease of use with another level of security can select from either two or three-factor authentication with the use of a smart card or USB token (something you have) the biometric (something you are) and a PIN (something you know). Through the development of this solution, RSA Security and Precise Biometrics intend to help customers effectively address their respective identity management requirements by establishing and managing trust in identities.
"We are pleased that RSA Security has teamed with Precise Biometrics to use our Precise BioMatch(TM) as its preferred method of fingerprint biometric authentication for RSA SecurID authentication software," said Christer Bergman, President and CEO of Precise Biometrics. "The extended cooperation with RSA Security provides enterprises and government agencies with a secure and convenient option for physical and logical access."
RSA SecurID Passage is an innovative smart card and digital credential solution that enables strong user authentication to networks and multiple applications. It is designed to provide users with an unprecedented level of security, mobility and control. RSA SecurID Passage replaces static passwords with a Java platform smart card for user authentication to workstations, networks and sensitive data. Its Java Card multi-application capability allows customers to deploy other applications - ranging from electronic purse, custom designed employee applications and now biometric functionality - to the same card. The RSA SecurID USB Token combines the convenience of a plug-and-play USB device with the optimal secure storage of digital credentials on a standards-based Java platform.
"Strong authentication is at the core of identity and access management," said Bill McQuaide, Senior Vice President, Authentication Division at RSA Security. "Through our strategic partnership with Precise Biometrics, RSA Security plans to offer a multi-application smart card-based solution that is designed to support passwords, digital certificates and strong authentication of users through three-factor authentication with fingerprint biometrics. This multi-application approach to authentication is designed to provide customers with a strong foundation for identity management, helping manage and establish trust in user identities."
Availability
-- RSA Security expects to make the integration with Precise
Biometrics technology available in the second half of 2003.
RSA, SecurID and The Most Trusted Name in e-Security are registered trademarks of RSA Security Inc. All other products and services mentioned are trademarks of their respective companies.
This press release contains forward-looking statements relating to the integration of Precise Biometrics' products with RSA Security's products. These statements involve a number of risks and uncertainties. Some of the important factors that could cause actual results to differ materially from those indicated by the forward-looking statements are the uncertain economic climate, which could cause RSA Security to delay or even cancel some of its product development plans; delays or technical difficulties in incorporating Precise Biometrics' technology into RSA Security's products; competitive pressures, changes in customer requirements, quality or security failures in the products, failure of the market to accept new technologies or technological changes in the computer industry, any of which could make the products obsolete or difficult to sell; RSA Security's failure to maintain its strategic relationship with Precise Biometrics; and the risk factors detailed from time to time in RSA Security's periodic reports and registration statements filed with the Securities and Exchange Commission, including without limitation RSA Security's Annual Report on Form 10-K filed on March 26, 2003 and Quarterly Report on Form 10-Q filed on May 12, 2003.
For more information, please contact:
Christer Bergman, President & CEO, Precise Biometrics
Telephone: +1 703 405-8255
E-mail: christer.bergman@precisebiometrics.com
Roger Fortier or Rachel Allen, McGrath/Power Public Relations
Telephone: +1 408 727-0351
E-mail: rogerf@mcgrathpower.com
or
rachela@mcgrathpower.com
Tim Powers, RSA Security Inc
Telephone: +1 781 515-6212
E-mail: tpowers@rsasecurity.com
Precise Biometrics AB is an innovative security company that supplies world-leading systems for authentication using fingerprints. The solutions supplied by the company replace keys, PIN codes and passwords. The company's products are cost effective and provide security and comfort combined with top-class protection of personal integrity. The range of products includes systems for access control to computers and networks and for building into mobile and terminals, such as mobile phones and portable computers. The company headquarters are in Lund, Sweden. The company also has offices in Stockholm and a U.S. subsidiary in Washington, D.C. Precise Biometrics is listed on the O-list of the Stockholm Stock Exchange (symbol: PREC A). For more information about Precise Biometrics, visit http://www.precisebiometrics.com/
RSA Security Inc.
With more than 11,000 customers around the globe, RSA Security provides interoperable solutions for establishing online identities, access rights and privileges for people, applications and devices. Built to work seamlessly and transparently in complex environments, the company's comprehensive portfolio of identity and access management solutions - including authentication, Web access management and developer solutions - is designed to allow customers to confidently exploit new technologies for competitive advantage. RSA Security's strong reputation is built on its history of ingenuity and leadership, proven technologies and long-standing relationships with more than 1,000 technology partners. For more information, please visit www.rsasecurity.com.