ZNQ3 Names Billman as Vice President, Engineering & Development

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Manchester, New Hampshire-February 12, 2003. ZNQ3, an information security company that provides digital trust services to secure communications and commerce, announced today that Bill Billman has been appointed as Vice President of Engineering & Development. Billman has been in charge of development of the company’s Dynamic Key Initialization (DKIâ„?) technology for transactional authentication since its inception, and has recently led ZNQ3’s product development program.

“This appointment recognizes the substantial contributions Bill has made to the creation and development of our technology portfolio,” ZNQ3 CEO Jeff Stutzman said. “He has been involved with DKIâ„? since the beginning, and he has been instrumental in motivating our top-flight engineering team to rapidly complete development of our Dynamic Key Architecture (DKAâ„?) solutions, which integrate DKIâ„?’s initialization capability with the robust and scaleable constant authentication capability of our breakthrough Dynamic Key Generation (DKGâ„?) technology.”

Billman, who previously served as Vice President–Technology for OpenMap Software and Chief Engineer for CuSeeMe Software, has over 20 years experience in the software development industry. He has extensive experience in client/server, communications, computer graphics, mapping, and audio/video over IP technologies.

Billman explains the benefits of ZNQ3’s DKAâ„? technology in practical terms. “It is a platform-independent security infrastructure solution with a small footprint,” Billman gleamed. “The current authentication solutions are usually based on public key infrastructure, or PKI,” explained Billman. “But enterprises are reluctant to install PKI because it is cumbersome, not really scaleable, and has a high total cost of ownership. We have developed breakthrough technologies that overcome these shortcomings, and provide faster throughput and positive session control,” Billman noted.

CEO Stutzman noted that Billman’s appointment complemented the company’s announcement yesterday that Tim Platt has joined as ZNQ3’s COO. “With these two significant executive appointments, we are well on our way to rounding out our senior management team, and we expect to have some additional important news on this front shortly,” Stutzman exclaimed.

The company expects its early customers to include health care organizations, software companies incorporating DKAâ„? in to their product, financial services companies, and public sector organizations for law enforcement and government and military security purposes, and plans to launch product sales in the second fiscal quarter.

On the funding side, ZNQ3 has made significant progress towards its goal of completing its Angel round by the end of February 2003, according to Stutzman and Platt. “Our investors are encouraged by our progress with product development and the strong interest of our business partners and customer prospects.”