Remembering Numerous Passwords is a Thing of the Past as Bioscrypt Introduces VeriSoft Access Manager USB Flash Drive Edition
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New Software Revolutionizes the Way Employees, Business Partners and Suppliers Share, Exchange and Protect their Data and Applications on USB Flash Drive Devices
TORONTO, Dec. 5 / -- Bioscrypt Inc. (TSX: BYT), a leading provider of identity verification technology, today announced the introduction of VeriSoft Access Manager USB Flash Drive Edition. Individuals using a USB drive with Bioscrypt technology and a finger scan reader will never struggle to remember their passwords on the road or at their desktop.
VeriSoft Access Manager USB Flash Drive Edition is the latest Bioscrypt offering developed to address the need for increased convenience and security for access to information technology. This technology is designed to be installed and distributed on USB flash drive devices for users to store information, applications and credentials on a removable and secure portable device. Among the benefits of the new solution is strong Single Sign-On (SSO) user authentication, transparent file and directory encryption and a secure electronic wallet for storing online shopping and bill payment information. All files load directly from the USB drive, eliminating concerns that sensitive data will be left on a public device.
"The VeriSoft Access Manager USB Flash Drive Edition liberates people from the onerous practice of having to remember the multiple passwords they need every day," stated Robert L. Williams, President and CEO of Bioscrypt Inc. "With the launch of this new product, Bioscrypt is expanding its offerings for information technology access control and further delivering on Bioscrypt's vision of providing more simple yet significantly more secure access from Door to Desktop."
"Infineon has been working with Bioscrypt to support our common goal of providing a safer computing environment, embedding a version of their Access Manager technology on to our Trusted Platform Module (TPM) to provide the world's only comprehensive hardware and software solution compliant with the Trusted Computing Group 1.2 specification," said Joerg Borchert, VP of Chip Card and Security, Infineon Technologies North America. "We believe the Bioscrypt technology added to other devices, including the newly introduced USB Flash Drive Edition, can benefit organizations and individuals searching for added convenience and security in their computing."
Today, USB flash drives offer the power of a modest hard drive, the portability of a key fob, and the plug-and play simplicity of a modern peripheral. The functionality provided by VeriSoft USB Flash Drive Edition makes information, such as digital pictures, MP3 files and PowerPoint® presentations, available to a new computer. Then through VeriSoft Access Manager's SSO functionality, usernames and passwords required for accessing websites and applications are entered automatically, removing the need to remember them. The user can plug the USB flash drive into any PC and the VeriSoft Access Manager self-installs, launches automatically and the user is prompted to sign-in.
Invisible to the user, VeriSoft Access Manager automatically centralizes password replacement, consolidates user identities and secures vital company information. All data in the Secure Data Repository is encrypted to provide another layer of security protection should the USB key be lost or stolen. Once the USB drive is removed from a PC it leaves no trace of the data, passwords or files accessed.
VeriSoft Access Manager USB Flash Drive Edition supports multifactor user authentication. USB drives equipped with biometric identity verification technology may use this for SSO verification.
About Infineon
Infineon Technologies AG, Munich, Germany, offers semiconductor and system solutions for automotive, industrial and multimarket sectors, for applications in communication, as well as memory products. With a global presence, Infineon operates through its subsidiaries in the US from San Jose, CA, in the Asia-Pacific region from Singapore and in Japan from Tokyo. In fiscal year 2005 (ending September), the company achieved sales of Euro 6.76 billion with about 36,400 employees worldwide. Infineon is listed on the DAX index of the Frankfurt Stock Exchange and on the New York Stock Exchange (ticker symbol: IFX). Further information is available at www.infineon.com.
About Bioscrypt Inc.
Bioscrypt Inc. is a leading provider of identity verification technology. The Company's solutions combine the convenience of touch with the high security of fingerprint-based biometrics for simple and secure access to facilities, equipment and information. Using the "bioscrypt on board(TM)" brand, the Company offers packaged products, OEM components and software licensing to leading security solution manufacturers and integrators worldwide for physical, wireless and network security applications. Among the many leading edge companies and partners using Bioscrypt technology are the U.S. Army, NASA, American Express, the New York Police Department, Kronos, NATO, Continental Airlines, Intel, Atmel, HID Corporation, Honeywell and Northern Computers. Bioscrypt's patented technology is interoperable with leading fingerprint sensors and is both platform and operating system independent. Bioscrypt is traded on the Toronto Stock Exchange under the symbol BYT. For more information, visit the Bioscrypt Web site at www.bioscrypt.com.
Bioscrypt Inc. and Bioscrypt are trademarks of Bioscrypt Inc. All other
trademarks or registered trademarks referenced herein are properties of
their respective owners.
Source: Bioscrypt Inc.
CONTACT: Media Inquiries: Sarah Vella, High Road Communications,
(416) 368-8348 x 270, svella@highroad.com; Investor Inquiries: Matthew Bogart, Bioscrypt Inc., (905) 940-7771, matthew.bogart@bioscrypt.com
