Advanced Encryption Technology, Inc. Completes Encryption Technology Testing and Evaluation With the Concord Group, Inc.LONG BEACH, Calif.--(BUSINESS WIRE)--June 11, 1998--Steven Fox, President of Advanced Encryption Technology of America, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:AETI AETI Advanced Education Technology Initiative (USA) ) announced today the completion of the testing of AETI'S Encryption Technology and Encryption Processes with the Concord Group, Inc. and a major New York Investment Banking Firm in Albuquerque, New Mexico “Albuquerque” redirects here. For other uses, see Albuquerque (disambiguation). Albuquerque (pronounced [ˈæl.bə.kɚ.kiː], Spanish: [al.βu. . "The security of information is a giant issue facing all Governments and Corporations, small and large, throughout the world," says Mr.Fox. "Here at AETI, we feel that we have a solution to the Information Security Problem," and are very pleased to have our Technology thoroughly tested and evaluated by the Concord Group." The Concord Group, Inc. is a highly regarded accumulation of Technical, Scientific, and Economic professionals with contacts at such places as Sandia National Laboratory, Los Alamos National Laboratory Los Alamos National Laboratory (LANL) (previously known at various times as Site Y, Los Alamos Laboratory, and Los Alamos Scientific Laboratory) is a United States Department of Energy (DOE) national laboratory, managed and operated by Los Alamos National , QM Technologies, United States Air Force United States Air Force (USAF) Major component of the U.S. military organization, with primary responsibility for air warfare, air defense, and military space research. It also provides air services in coordination with the other military branches. U.S. Phillips Laboratory, Santa Fe Institute The Santa Fe Institute (SFI) is a non-profit research institute dedicated to the study of complex systems in Santa Fe, New Mexico. Overview The Santa Fe Institute was founded in 1984 by George Cowan, David Pines, Stirling Colgate, Murray Gell-Mann, Nick Metropolis, Herb , and NASA which they use to provide a complete evaluation of Technical products. The Concord Group, Inc. was hired by the New York Investment Banking Firm to evaluate the technical attributes and commercial potential of the software encryption package developed by AETI, and proved to be highly successful. Advanced Encryption Technology of America, Inc. is a developer, manufacturer, licenser/licensee and supplier of cryptographic software and hardware solutions to militaries, governments, and fortune 500 customers. The company's "Access Denied" suite of products capitalizes on leading-edge smartcard and software technology which presents customers with cost-effective, general purpose security tokens, plug-in cryptographic subsystems (APIs and libraries) and off-the-shelf cryptographic controls for user identification, network access for authentication, digital signatures for integrity, and data encryption for confidentiality. AETI continues to be the leader in the Cryptographic Field with its Technology Advancements. Advanced Encryption Technology holdings has sales offices in Mississauga, Ontario: Ottawa, Ontario; Long Beach, California Long Beach is a city located in southern Los Angeles County, California, USA, on the Pacific coast. It borders Orange County on its southeast edge. It is about 20 miles (30 km) south of downtown Los Angeles. ; and Amsterdam, Holland. CONTACT: Advanced Encryption Technology Steven Fox, 888/292-2384 or Brokers and Analysts: Columbia Financial Group, 888/301-6271 |
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