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Absolute Software Corp.
New anti-theft security standard now shipping in millions of notebooks
VANCOUVER, Dec. 13 /PRNewswire-FirstCall/ -- Absolute(R) Software ("Absolute") (TSX: ABT), the leading provider of computer theft protection and secure asset tracking solutions, today announced a milestone in the company's efforts to drive the standard for PC theft recovery and Secure Asset Tracking(TM) - the availability of Computrace support in the BIOS across all four of the top tier PC manufacturers' commercial notebook lines.
Absolute first announced BIOS support for its theft protection technology with IBM/Lenovo on February 1, 2005; followed by announcements with Gateway on August 9th and HP on October 4th. Today, Dell announced a set of customer solutions that leverages Dell's embedded BIOS support for Computrace allowing customers to address issues of regulatory compliance, data protection and PC theft recovery. Absolute's patented technology, embedded partner BIOS support and innovative security services provide customers with a unique ability to solve compliance, data privacy and theft issues. Today's customer announcement by Dell substantiates that Absolute is providing significant value to our partners and customers.
"Computrace BIOS support is now provided by all of the top tier PC manufacturers, a clear signal that Absolute is establishing computer theft protection and Secure Asset Tracking as new security standards," said John Livingston, Chairman and CEO of Absolute Software. "We believe BIOS support is critical to achieving mass adoption of Absolute's solutions. Collectively in 2006, the top four PC OEMs are expected to ship over 15 million notebook computers in the U.S. and most will include our Computrace BIOS footprint. Customers will now have easier access to our leading theft protection solution as well as improved tamper-resistance for securely and accurately tracking their computer assets and protecting the data stored on them."
In order to activate Computrace in the BIOS, customers need to purchase a subscription to Absolute's computer security services from their PC manufacturer or Absolute. In the event a computer is stolen, Absolute works with local law enforcement to recover the computer and can remotely delete sensitive data from the stolen computer when data privacy is a concern. If the computer is not recovered within 60 days, customers may be eligible for a Recovery Guarantee payment of up to $1000(x). In addition, Absolute provides customers with a cost-effective solution for tracking computer location, providing computer hardware/software inventories, managing lease returns and enabling software title tracking, license compliance and data protection.
(x)Certain terms and conditions apply - see www.absolute.com for details
About Absolute
Absolute(R) Software (TSX: ABT) is the leader in Computer Theft Recovery and Secure Asset Tracking(TM). Absolute Software provides organizations with solutions that address regulatory compliance, data protection and theft recovery. The company has key partnerships with global leaders, including Dell, IBM/Lenovo, Gateway, HP, Phoenix Technologies and Toshiba. For more information about Absolute Software and Computrace, visit www.absolute.com.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, and other expectations, intentions and plans contained in this press release that are not historical fact. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and general market conditions. In light of the many risks and uncertainties you should understand that we cannot assure you that the forward-looking statements contained in this press release will be realized.
(C)2005 Absolute Software Corporation. All rights reserved. Computrace and Absolute are registered trademarks of Absolute Software Corporation. All other trademarks are property of their respective owners. Computrace US patents No. 5,715,174, No. 5,764,892, No. 5,802,280, No. 6,244,758, No. 6,269,392, No. 6,300,863, and No. 6,507,914. Canadian patent No. 2,305,370. U.K patents No. EP793823, and No. GB2338101. German patent No. 695 125 34.6- 08. Australian patent No. 699045.
The TSX Exchange has neither approved nor disapproved of the information contained in this news release.
Source: Absolute Software Corporation
CONTACT: Public Relations: Dan Mazei, Affect Strategies, dan@affectstrategies.com or (212) 398.9680 x 145; Investor Relations: Dave Mason, CFA, The Equicom Group, dmason@equicomgroup.com or (416) 815-0700 x 237
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