FalconStor Partners With Network-1

NetWorld+Interop 2002 Las Vegas

FalconStor OEMs Host Intrusion Prevention Technology To Extend IPStor’s Data Security To The Application Server

LAS VEGAS and WALTHAM, Mass.–(BUSINESS WIRE)–May 7, 2002– Network-1 Security Solutions, Inc. (Nasdaq: NSSI; Boston Stock Exchange: NWT), a technology leader in intrusion prevention software, and FalconStor Software, Inc. (Nasdaq: FALC), a leading provider of network storage infrastructure software, today announced the availability of IPStorSentry, an intrusion prevention solution based on the integration of Network-1’s CyberwallPLUS security technology with FalconStor’s IPStor product suite. IPStorSentry, which is a customized, private-label version of CyberwallPLUS, is available with the release of IPStor Version 3. IPStorSentry complements the highly available network storage infrastructure with sophisticated intrusion prevention mechanisms for mission-critical Windows NT/2000/XP environments.

The combined IPStor/CyberwallPLUS technologies in IPStorSentry provide a centrally managed, end-to-end security solution for the entire storage networking infrastructure, starting at the storage level and extending up to and including the application server level.

“As the storage market matures, security issues are becoming more acute and need to be addressed by security technologies that integrate with storage networks and systems,” said Jamie Gruener, senior analyst at Yankee Group. “IPStor already secures the storage server, and the Sentry option covers the security at the application server. The collaboration between Network-1 and FalconStor sets the pace for storage security.”

IPStor’s existing security protection includes strict authorization policies via its key-based authentication to ensure proper access to storage resources on the IPStor network, and encryption to ensure secure data transmission. The firewall/access control and intrusion prevention capabilities of IPStorSentry enhance security by restricting access to a legitimate application server, thereby protecting both the application and the storage resources behind the server. IPStorSentry provides a critical second layer of defense behind existing perimeter firewalls by hardening the application server with protocol-specific rules.

“Global 2000 customers are seeking end-to-end security to safeguard their mission-critical applications,” said Wayne Lam, FalconStor vice president of marketing. “By leveraging Network-1’s security expertise and technology to provide iron clad security with FalconStor’s state-of-the-art storage networking infrastructure, corporate customers will be able to provision storage services for mission-critical applications with the highest degree of availability and security.”

“FalconStor’s decision to OEM Network-1’s CyberwallPLUS security solutions is a major endorsement of our software technology and intellectual property. IPStorSentry will provide FalconStor customers with the ability to securely manage their existing storage resources and protect their strategic information,” said Jon Greene, Network-1 senior vice president of marketing and business development.

IPStorSentry includes security for Windows NT/2000/XP, Microsoft Exchange Server, Microsoft SQL Server and Lotus Notes.

About FalconStor Software, Inc.

FalconStor Software, Inc. (Nasdaq: FALC), offers network storage infrastructure software that dramatically reduces storage operating costs by aggregating and provisioning storage capacity and management services over Fibre Channel and IP-based storage networks. With unprecedented reliability, performance, manageability, and availability, FalconStor’s flagship product, IPStor(TM), enables leading IT organizations and Service Providers to deploy a highly available network storage infrastructure to ensure business continuity.

Founded in 2000, FalconStor is headquartered in Melville, NY. International offices include Paris, Tokyo and Taichung, Taiwan. FalconStor is a voting member of the Storage Networking Industry Association (SNIA) and Fibre Channel Industry Association (FCIA). For more information, visit www.falconstor.com or call 1-631-777-5188.

About Network-1 Security Solutions, Inc.

Network-1 Security Solutions, Inc. (Nasdaq: NSSI) is a technology leader in server and workstation intrusion prevention software, combining the benefits of firewalls and intrusion detection directly on critical servers, desktops, and mobile computers. Distributed intrusion prevention protects against abuses by those with “insider access” and provides multiple layers of defense against breaches by outsiders. Security conscious organizations are using CyberwallPLUS as an integral component of their “defense in depth” security strategies. For additional details about the Company and its products visit www.network-1.com, or call 800-NETWRK1 or 781-522-3400.

Certain of the above statements contained in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Actual results, events and circumstances (including future performance, results and trends) could differ materially from those set forth in such statements due to various factors, risks and uncertainties, including but not limited to, risks associated with the Company’s future growth and operating results, the uncertainty associated with obtaining sufficient financing, the uncertainty of market acceptance of the Company’s products, technological change, competitive factors and general economic conditions. Except as otherwise required to be disclosed in periodic reports required to be filed by companies registered under the Exchange Act by the rules of the Securities and Exchange Commission, the Company has no duty and undertakes no obligation to update such statements.

CyberwallPLUS is a trademark of Network-1 Security Solutions, Inc. IPStor is a trademark of FalconStor Software, Inc. All other product, trademark, company or service names mentioned are the property of their respective owners.




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