PeerConnect, Inc. and Hyperspace Communications Bring 'Trusted Transactions' to the Internet

PeerConnect has acquired exclusive rights from Hyperspace Communications to commercialize Trusted Transaction technology into specific markets in North America. These patented technologies enable round-trip authentication of online transactions. By incorporating Electronic Postmarks from the U.S. Postal Service, Trusted Transactions benefit from the protection of postal law.

ROCHESTER, NY; EASTON, MD (PRWEB) April 18, 2005 -- PeerConnect, Inc. and Hyperspace Communications, Inc. announced today that they will collaborate to bring Hyperspace patented technologies and products to selected commercial markets in North America, focusing on healthcare, education, and financial services. These technologies incorporate an Electronic Postmark from the U.S. Postal Service or other postal authorities into a digital receipt to authenticate any type of electronic transaction, bringing the full protection of postal law to email, peer-to-peer, and Web-based data transfers.

Weve worked very hard with our partners to bring the value of the Electronic Postmark to bear on the issue of 'trust on the Internet," said Jason Curtis, CEO at PeerConnect. Now we are positioned to capitalize on that investment by protecting electronic transactions from beginning to end."

Hyperspace Communications CEO Maurice Haff said, "PeerConnect has demonstrated their capabilities to bring our innovations to the market in an effective way, and we believe they can drive the concept of trusted transactions as a standard that everyone will want to use to protect their identity and their sensitive information while conducting business online."

This collaboration solidifies our ability to develop channels to bring our solutions to targeted industries where it is imperative to prove not only the content of a message, but that it was sent and received without the information being compromised," said Andy Vaughan, PeerConnect Vice President.

PeerConnect, Inc. offers patented technologies that bring trust to electronic communications and commerce by providing round-trip" transaction certification. Through channel partners and strategic alliances, PeerConnect is driving global adoption of the Electronic Postmark as a standard for authenticating and protecting all types of digital transactions.

Hyperspace Communications, Inc. develops technology and products focused on trusted information sharing and electronic transaction authentication. Hyperspace has developed and implemented patented technologies that make possible private, secure, and credible exchange of information over both public and private computer networks. Hyperspace technology patents cover a range of functionality in peer-to-peer communication between computers, and third party authentication of data transfers. Data exchange authentication using a digital receipt with an electronic postmark of a postal authority is specifically covered. Hyperspace products are constructed in accordance with software industry best practices and standards. Hyperspace core products have received certification and accreditation by the U.S. Postal Service, as well as approval for use by several Federal agencies, including approval for use for Medicare and Medicaid data exchange applications. Hyperspace products using the EPM make it possible to authenticate electronic transactions at reasonable cost.

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