I-S-Cubed and nCipher Sign Collaboration, Reseller Agreements

San Jose, CA – June 15, 2004 – I-S-Cubed (iS3), a global provider of secure key management solutions for network-connected devices, today announced it has signed collaboration and reseller agreements with nCipher plc, a leading provider of cryptographic IT security solutions. Under the terms of these agreements, I-S-Cubed will feature nCipher’s HSMs (Hardware Security Modules) as a critical security component of I-S-Cubed’s SecureOMS(tm) system. In addition to this technical collaboration, both companies will actively sell the solution to their respective customers, and participate in a variety of co-marketing programs.

This new strategic relationship will aid I-S-Cubed in growing its overall customer base. In particular, I-S-Cubed will be able to expand its geographic base into Europe and other territories, as a result of the nCipher partnership. nCipher will market SecureOMS as an integral element of its expanding product line that targets the payment processing market. Current and potential customers of both companies will benefit from solutions that integrate the best available security components for their needs.

“Our agreements with nCipher are significant as they will help us to offer a cost-effective, fortified product line while increasing our market and geographic reach,” said Joerg Ferchau, CEO of I-S-Cubed. “nCipher is a recognized and trusted provider of cryptographic IT security solutions, which complements our product offerings well. The company’s quality of product offerings and its well-established presence in Europe will support I-S-Cubed in meeting our growth and expansion goals as we move into a number of rapidly emerging markets.”

“I-S-Cubed is an innovative and fast growing company that has rapidly established itself at the forefront of the ATM (Automated Teller Machine) key management market,” said Richard Moulds, vice president of marketing at nCipher. “As nCipher’s customer base already includes many of the world’s leading banks and financial institutions, we see our new partnership with I-S-Cubed as a significant opportunity to provide our customers with device management infrastructure that offers both compelling security and cost saving benefits.

I-S-Cubed SecureOMS Platform and Features
SecureOMS is the first comprehensive cryptographic key management solution for network-connected devices in the global financial services, retail and enterprise markets. Delivered as a fully configured system comprising I-S-Cubed proprietary software running on a fortified clustering platform, the patent-pending SecureOMS technology ensures both high availability and the capacity to scale as needed. This enterprise-class key management solution includes an SQL database for maximum performance and interoperates with industry leading host management software and its associated host security modules.

Key Benefits of SecureOMS
– Reduced cost of device security management
– Single enterprise view of security for differing brands/types of devices
– Automated, remote cryptographic key changes reduce operating expense and improve reaction time to potential security threats
– Eliminates manual procedures, reducing errors and boosting security
– SecureOMS implementation ensures compliance with industry mandates and government regulations
– Provides for strong authentication of system administrators and connected devices
– Reporting and audit functions make security issues visible and compliant with security policy
– Provisions for managing digital certificates, secure software loads, and other security payloads

About nCipher Hardware Security Modules (HSMs)

nCipher’s hardware security modules are designed to protect and securely manage sensitive key data. payShield(tm), developed specifically to meet the security needs of banks, payment processors and e-payment solution providers, is certified to meet the industry’s highest security standard – Federal Information Processing Standard (FIPS) 140-2 level 3. payShield delivers the highest levels of key management protection combined with powerful processing facilities and supports all standard payments functions.

About nCipher
nCipher is redefining cryptographic security to protect points of risk across the enterprise – from network appliances to Web servers, to custom software applications and back-end databases. nCipher provides hardware and software solutions that enable organizations to implement best practice security by addressing the challenges of cryptographic key management and performance. Many of the world’s leading organizations – from Microsoft and Barclays Bank to PricewaterhouseCoopers and the U.S. Navy – rely on nCipher to deliver a sound e-security infrastructure. nCipher’s products are particularly well suited to organizations with high volumes of security-sensitive transactions, such as banking and financial institutions, government departments, e-retailers and online service providers. nCipher is listed on the London Stock Exchange (LSE:NCH) and is a member of the FTSE TechMARK and FTSE4Good indices with offices in Cambridge, UK; Boston, Seattle, Paris, Hamburg, Singapore and To kyo. For more information on nCipher, visit www.ncipher.com.

About I-S-Cubed
I-S-Cubed Inc. is a global provider of secure cryptographic key management solutions for network-connected devices in the financial services, retail and enterprise markets. Responding to the complexity and expense of managing security for proliferating fleets of devices, I-S-Cubed developed SecureOMS(tm), the world’s first server-based security system that provides centralized security management for cryptographic keys, PINs, and devices. Comprised of proprietary software running on fault-tolerant hardware, SecureOMS automates and streamlines secure key management processes to substantially reduce the cost of operations, enhance organizational security, and enable regulatory compliance. I-S-Cubed also offers professional services to support customers with 3DES migration, security assessments, system architecture design and auditing/compliance courses. For more information, visit www.iscubed.com.

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