Chrysalis-ITS Lands Key Customer Wins in South Korea

Chrysalis-ITS, an established provider of hardware security modules (HSMs) for e-business, today announced its products have been purchased for use in information security initiatives and projects for the Korean government, including the Korean Information Security Agency (KISA).

Chrysalis-ITS Lands Key Customer Wins in South Korea

Korean Information Security Agency Purchases Hardware Security Modules from Chrysalis-ITS for Key Management

Ottawa, Ontario -- April 16, 2002 - Chrysalis-ITS, an established provider of hardware security modules (HSMs) for e-business, today announced its products have been purchased for use in information security initiatives and projects for the Korean government, including the Korean Information Security Agency (KISA).

Working with partner BCQRE, a leading Korean information security firm, Chrysalis-ITS has delivered hardware security products for key protection and management to KISA, which operates Koreas root Certificate Authority, and will also provide HSMs and SSL acceleration hardware for other Korean security projects such as KTNet for B2B trading, and the eAsia marketplace" initiative to drive cross border trade between Korea and Japan.

BCQRE is very closely allied with Chrysalis-ITS and we use their products to ensure the protection of the critical encryption keys in digital certificate infrastructures for customers like KISA," said Chan-Ho Park, Director International Marketing, BCQRE. We look forward to continued success with Chrysalis-ITS, as their products will play an important role in fulfilling various hardware requirements within security projects throughout Korea."

Chrysalis-ITS is further broadening deployment of its products in Korea to ensure success as the leading supplier of hardware cryptographic products in East Asia. Chrysalis-ITS HSMs, which are Identrus Compliant and the worldwide de facto standard for protecting private encryption keys and accelerating cryptographic functions, will include support for Korean security algorithms SEED and KCDSA to support growing customer demand.

As 42 per cent of Koreans are connected to the Internet, ahead of Taiwan, Hong Kong and China, Korea is poised to become the next Internet security frontrunner in Asia. In addition, the Korean market for PKI products and CA services is expected to be $60 million this year.

Chrysalis views Korea as a leader in information security and is a very attractive market for our companys product portfolio. We are very pleased to be working with Korean security leaders such as BCQRE to deliver our hardware security solutions to organizations like KISA and KTNet to enable trusted B2B, brokerage and e-trading environments" said Bill Park, Director of Sales Asia Pacific, Chrysalis-ITS.

About BCQRE
BCQRE has entered into a reseller partnership with Chrysalis-ITS to provide comprehensive security solutions that meet the needs of their clients. BCQRE is committed to remaining well positioned and equipped to support its clients through an extensive offering of Public Key Infrastructure (PKI) Solutions, Digital Rights Management Solutions as well as Advanced Cryptographic Security Solutions.

About KISA
The Korea Information Security Agency (KISA) was established in 1996 to create a safe, reliable information distribution climate by reacting effectively to a variety of electronic infringement and intrusion acts. KISA has devoted itself to enhancing the security and reliability of electronic transactions by developing and supplying cryptographic algorithms, including SEED and KCDSA. In addition, KISA has led the development of information security in Korea through the IT security system evaluation, information security education and public awareness campaign, and information security policy and legislative framework research.

About Chrysalis-ITS
Chrysalis-ITS Incorporated is a leading vendor of hardware security products that add trust and speed to e-commerce, PKI and VPN applications. Offering unmatched hardware-based key management and high-performance cryptographic processing, Chrysalis-ITS products enable fast, trusted Internet transactions. Chrysalis-ITS products power security solutions deployed to customers spanning the world's leading financial institutions, service providers, and government agencies. Chrysalis-ITS products are delivered through a global network of distributors and value-added resellers. Founded in 1994, Chrysalis-ITS is headquartered in Ottawa, Canada, with offices in England, Japan and the United States. The company website is www.chrysalis-its.com.

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