Faraday and SafeNet Form Strategic Marketing Partnership in Security Processor Market

Joint Promotion and Referral Program the First of Multiple Initiatives to

Expand Respective Businesses

Sep 07, 2005, 01:00 ET from Faraday Technology Corporation

    HSINCHU, Taiwan and SUNNYVALE, Calif., Sept. 7 /PRNewswire/ --
 Faraday Technology Corporation (TAIEX: 3035), a leading ASIC and IP provider,
 and SafeNet, Inc. (Nasdaq:   SFNT), a global leader in information security,
 today announced that the two companies have entered a strategic marketing
 partnership. The agreement will encourage both sales forces to jointly promote
 custom security chip development capability utilizing SafeNet's security
 technology and Faraday's ASIC infrastructure. In addition, Faraday will also
 refer customers whose requirements fit within SafeNet's product portfolio to
 Safenet.  This is a first step of several programs to roll out jointly by the
 two companies in 2005 and 2006.
     With increasing connectivity and bandwidth requirements, the need to
 protect network traffic with high-performance silicon products has become
 integral to every network infrastructure, from large enterprises to the small
 office/home office (SoHo) market.
     Many customers can utilize standard, off-the-shelf security processor
 chips, but some would require custom devices. Faraday and SafeNet's
 partnership enables the two companies to better service customers by directing
 them to the most economically efficient solutions available.
     "I am very excited about this opportunity to partner with the industry
 leader," said H.P. Lin, President at Faraday. "Ever since the development of
 the NC-1, our communication infrastructure Structured ASIC, we have looked
 forward to opportunities such as this to partner with industry leaders. This
 is truly a synergistic alliance".
     "SafeNet is very enthusiastic about this partnership with Faraday," adds
 Henk Pruim, Vice President and General Manager of SafeNet's Networking
 Business Unit. "The agreement adds tremendous value by enabling us to provide
 custom security ASIC solutions to our customers and expand our portfolio of
 best-in-class security processors."
     "The Faraday - SafeNet partnership announcement is a big step in signaling
 to the market place that we are serious about serving security applications
 with a combination of our ASIC and structured ASIC products," said Christopher
 Moezzi, Vice President of Business Development and Structured ASIC Marketing
 at Faraday USA. "We intend to complement our ASIC and IP portfolio with
 SafeNet's industry-leading security offerings to bring solid and proven high
 security content ASIC solutions to our customers."
     About SafeNet
     SafeNet, Inc. is a global leader in information security. Founded more
 than 20 years ago, the company provides complete security utilizing its
 encryption technologies to protect communications, intellectual property and
 digital identities, and offers a full spectrum of products including hardware,
 software, and chips. ARM, Bank of America, NetGear, the Departments of Defense
 and Homeland Security, Adobe, Samsung, Texas Instruments, the U.S. Internal
 Revenue Service and scores of other customers entrust their security needs to
 SafeNet. For more information, visit www.safenet-inc.com.
     About Faraday Technology Corporation
     Faraday Technology Corporation is a leading silicon IP and fabless ASIC
 vendor. The company's broad IP portfolio includes 32-bit RISC CPUs, USB 2.0,
 Ethernet, Serial ATA, and PCI-Express. With more than 500 employees and 2004
 revenue of $159 million, Faraday is one of the largest fabless ASIC companies
 in the Asia-Pacific region, and it also has a significant presence in other
 markets, worldwide. Headquartered in Taiwan, Faraday has service and support
 offices around the world, including the U.S., Japan, Europe, and China. For
 more information, please visit: http://www.faraday-tech.com
      Press Contact, Faraday Technology
      Selina Ko
      +1-408-522-8888 ext: 139
      Press Contact, SafeNet
      Maureen Kolb

SOURCE Faraday Technology Corporation