TORONTO, ONTARIO — (Marketwire) — 08/25/11 — Route1, Inc. (TSX VENTURE: ROI) (“Route1” or the “Company”), a security and identity management company, today announced that the United States (U.S.) Navy has ordered 1,206 subscriptions of its comprehensive solutions, which are in this process of being provisioned. This deployment for the U.S. Navy is comprised of Route1-s private communications and service delivery platform, the DEFIMNET, its TruOFFICE application software, and its MobiKEY Fusion device.
“We are very pleased with the continued interest and procurement of Route1-s proven security and identity assurance solutions across the U.S. Navy, and are honored to answer the call for secure remote access and identity management from this branch of the U.S. military,” said Tony Busseri, CEO, Route1, Inc. “Our solutions portfolio is unique as it combines leading-edge cryptographic technology with a simple view of data security. We believe that secure remote access is best delivered by keeping the data inside the “fortress” and by first identifying the actual user, not the user-s computer. Route1 is proud to count the U.S. Navy among the myriad government and multinational enterprises around the world that Route1 helps to defend against data leaks and security breaches, while reducing costs to provide remote access functionality.”
The Company expects the U.S. Navy-s usage of the Route1 Solution to continue to expand and expects the maximum number of permissible TruOFFICE application software licenses and associated users registered with the DEFIMNET platform of 5,000, to be procured and provisioned during the fourth quarter of the current calendar year. These 5,000 members of the U.S. Navy will be empowered to access their digital resources remotely without risk of their data being compromised.
Mr. Busseri continued, “This agreement and the related start of procurement represents another significant milestone for Route1 and further proof that we are successfully executing our strategy of empowering large-scale organizations to provide their user-s with the requisite tools to engage anywhere, at anytime, while knowing the security of their data will not be compromised. Based on continued demand from the U.S. Navy for our secure remote access solution, we anticipate there will be demand that is greater than the 5,000 subscribers that the current DEFIMNET can support. As such, we continue to work closely with our outside contractor to ensure the Company can address any and all demand from the U.S. Navy. We remain optimistic about Route 1-s potential and see significant opportunities for our Company in the year ahead.”
Under the terms of the June 2011 agreement between the outside contractor with which Route1 has secured this order, Route1 is selling its integrated security and identity management solutions to the outside contractor, which is reselling the Route1 Solution to the U.S. Navy to address the need for universal, secure remote access to digital resources and sensitive data.
ABOUT ROUTE1 INC.
Route1 delivers industry-leading security and identity management solutions to enterprises worldwide – businesses, government and military, which need universal, secure access to all digital resources and sensitive data. These customers depend on The Power of MobiNET® – Route1-s communications and service delivery platform. MobiNET® provides identity assurance and individualized access to networks and data. Route1-s patented solutions are based on FIPS 140-2 cryptographic modules, and simplify the process of meeting increasingly stringent regulatory requirements for privacy and security. Headquartered in Toronto, Canada, Route1 is listed on the TSX Venture Exchange. For more information, visit our website at: .
This news release, required by applicable Canadian laws, and does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
© Route1 Inc., 2011. All rights reserved. Route1, the Route1 and shield design Logo, SECURING THE DIGITAL WORLD, Mobi, MobiSecure, Route1 MobiKEY, Route1 MobiVDI, MobiKEY, MobiKEY IBAD, DEFIMNET, MobiNET, Route1 MobiNET, TruOFFICE, TruFLASH, TruOFFICE VDI, MobiKEY Fusion, EnterpriseLIVE, EnterpriseLIVE VO, MobiNET Agent and MobiKEY Classic, are either registered trademarks or trademarks of Route1 Inc. in the United States and or Canada. All other trademarks and trade names are the property of their respective owners. The DEFIMNET and MobiNET platforms and the MobiKEY, MobiKEY Classic and MobiKEY Fusion devices are protected by U.S. Patents 7,814,216 and 7,739,726, and other patents pending.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Route1 Inc.
Ali Mahdavi
Capital Markets Advisor
+1 416-962-3300
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