Faraday's NetComposer Platform Selected by SafeNet for SafeXcel Security Processors SafeNet Takes Faraday's NetComposer Structured ASIC Into Fast Growing SME

Market



    HSINCHU, Taiwan and SUNNYVALE, Calif., Oct. 27 /PRNewswire/ -- Faraday
 Technology Corporation (TAIEX: 3035), a leading ASIC and IP provider, today
 announced that SafeNet, Inc. (Nasdaq:   SFNT), setting the standard for
 information security, has selected Faraday's NetComposer(TM) (NC-1) structured
 ASICs as the platform for the company's next generation enterprise security
 processors. The first SafeNet SafeXcel-51xx series products based on Faraday's
 NC-1 will be sampling in Q4 of this year.
     "We are very excited that Faraday's NC-1 platform is chosen by SafeNet, a
 world leader in encryption security solutions. We view it as a strong
 validation of our structured ASIC strategy," said H.P. Lin, President of
 Faraday Technology. "While Faraday and SafeNet's joint customer referral and
 IP licensing partnership programs continue to be successful, the joint
 collaboration on the NC-1-based chips has further strengthened our
 partnership. We are happy that Faraday's NC-1 has contributed to SafeNet's
 strategy of addressing the fast growing but cost-sensitive small and medium-
 sized enterprise market."
     The market for communication processors in the small and medium size
 enterprise (SME) segment has been estimated at $300 million for 2004
 shipments, with security processors representing one of the fastest growing
 areas. Faraday's NC-1 structured ASIC has proven to be a viable platform
 solution for application-specific standard products (ASSPs) and system designs
 in several segments of the SME market, including security appliances, IPSec
 VPNs, layer-7 content inspection systems, XML engines, and storage/TCP-offload
 accelerators.
     "The time-to-market and cost advantages offered by Faraday's NC-1 enabled
 us to execute on our SafeXcel 51xx SoC solutions with half the engineering
 resources and one-third the costs associated with typical 0.13um ASIC
 projects," said Henk Pruim, Vice President and General Manager of SafeNet's
 Networking Business Unit. "The combination of an appropriate cost structure,
 integrated high-performance ARM(TM) architecture CPU and unique data path
 design -- all in one device, empowered SafeNet to architect a complete in-line
 security solution with integrated software, delivering exceptional
 price/performance to the SME market. We will continue to rollout more SafeXcel
 SoCs based on the NetComposer platform."
     "The joint partnership with SafeNet on NC-1 is a great example of a
 successful collaboration between Faraday and an industry leader on a customer-
 driven structured ASIC product from the early stages of definition to market
 introduction of the chip," said Christopher Moezzi, Vice President of Business
 Development and Structured ASIC Marketing at Faraday USA. "We will continue to
 form strategic partnerships with networking, security and storage chip and
 systems companies as we roll-out our next generation SerDes-based Structured
 ASIC products that support PCI-Express, SATA, and SGMII interfaces."
 
     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 580 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
     selina@faraday-tech.com
 
     Press Contact, SafeNet
     Michelle Nerlinger
     +1-443-327-1378
     mnelringer@safenet-inc.com
 
 

SOURCE Faraday Technology Corporation

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