Diversinet Corp. entered into a licensing agreement with “a leading telecommunications company” to incorporate Diversinets’s digital certificate authentication technology into wireless messaging devices.
The name of the company was not disclosed due to a non-disclosure
agreement.
Under terms of the agreement, Diversinet will supply the company with
its patented digital certificate authentication technology combined with
Certicom Corp.’s elliptic curve cryptography, a strong, fast encryption
technology. The product is scheduled to begin shipping in July 1998.
It is estimated that Diversinet’s certificates will be incorporated in one
million wireless devices for the first year of the agreement. The market is
expected to grow from 40 million paging subscribers today to over 100
million by 2005.
“This first sales agreement has come earlier than anticipated and is an
important milestone in the acceptance of Diversinet’s technologies,” said Nagy Moustafa, President and CEO of Diversinet. “We intend to leverage this contract with the other OEMs and potential licensing relationships.”
Diversinet Corp. is a developer of products based on public-key
infrastructures and technologies required for corporate networks, intranets,
and the Internet for electronic commerce.