Route1 Receives a Purchase Order for an Additional 2,000 MobiKEY
A Second Component of the United States Department of Defense to
Increase its User Count to 4,000
TORONTO, ONTARIO -- (Marketwire) -- 11/20/12 -- Route1 Inc. (TSX
VENTURE:ROI) ("Route1" or the "Company"), a security and identity
management company, today announced that it has received a second
purchase order from a component of the United States Department of
Defense that the Company first referenced in a press release dated
November 13, 2012 (the "Client").
This purchase order is for an additional 2,000 MobiKEY Fusion devices
and 4,000 MobiKEY subscriptions covering the service period April 1,
2013 to March 31, 2014. The Company expects to ship the additional
2,000 MobiKEY Fusion devices during the fourth quarter of 2012.
This award follows on the November 13, 2012 announced purchase order
covering the service period December 1, 2012 to March 31, 2013. The
gross value of today's announced purchase order is approximately US
As of April 1, 2013, the Client's users will be provisioned on their
own identity and access management platform, a DEFIMNET. The DEFIMNET
will be hosted at a secure Client hosting facility.
"Today's announcement is encouraging for many reasons. Not only do we
have a highly respected military organization using our technology
because of its strong data security architecture but the decision is
also being driven by the real cost savings the Client will benefit
from as many of the user's turn in their enterprise issued laptop.
Users will now only need to use their CAC card, MobiKEY Fusion device
and any internet connected personal or other computer to have a
secure, remote access session," said Brian Brunetti, President,
Route1 Inc. "The Client expects to realize annual cost savings in the
order of magnitude of twice the annual cost of using the MobiKEY
European Government Client Update
Route1 expects that due to budget cutbacks, its European Government
client will be reducing the number of employees and contractors that
will use the MobiKEY technology effective January 1, 2013. Route1
expects the annual gross revenue impact will be approximately CAD
ABOUT ROUTE1, INC.
Route1 delivers industry-leading security and identity
solutions to enterprises worldwide, such as 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: www.route1.com.
This news release contains statements that are not current or
historical factual statements that may constitute forward-looking
statements. These statements are based on certain factors and
assumptions, including, expected financial performance, business
prospects, technological developments, and development activities and
like matters. While Route1 considers these factors and assumptions to
be reasonable, based on information currently available, they may
prove to be incorrect. These statements involve risks and
uncertainties, including but not limited to the risk factors
described in reporting documents filed by the Company. Actual results
could differ materially from those projected as a result of these
risks and should not be relied upon as a prediction of future events.
The Company undertakes no obligation to update any forward-looking
statement to reflect events or circumstances after the date on which
such statement is made, or to reflect the occurrence of unanticipated
events, except as required by law. Estimates used in this
presentation are from Company sources.
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.
(C) Route1 Inc., 2012. All rights reserved. Route1, the Route1 and
shield design Logo, SECURING THE DIGITAL WORLD, Mobi, MobiSecure,
Route1 MobiKEY, Route1 MobiVDI, MobiKEY, MC2, PurLINK, MobiLINK,
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.
Capital Markets Advisor
Press spacebar to pause and continue. Press esc to stop.