Arithmetica to Introduce Next-Generation Encryption Technology at Consortium Hosted by StorageTek.DALLAS--(BUSINESS WIRE)--Nov. 17, 1999-- GT-1 Consortium to Demonstrate How Algorithms Developed With Symbolic Computation Can Meet Market's Need for Increasingly Fast, High-volume Transactions Arithmetica, Inc., an encryption technology company, has launched GT-1, a consortium to advance next generation security algorithms for the emerging digital economy. StorageTek(tm) (NYSE NYSE See: New York Stock Exchange :STK) will host the first meeting at its New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. location on Dec. 15, 1999. Cryptographers and cryptanalysts from numerous firms will participate. Arithmetica's technology was developed from contemporary research in advanced mathematics -- group theory arising from geometric topology In mathematics, geometric topology is the study of manifolds and their embeddings. Low-dimensional topology, concerning questions of dimensions up to four, is a part of geometric topology. . Its symbolic computation Symbolic computation, computer algebra, algebraic computation, or, less commonly, symbolic manipulation, symbolic processing, symbolic mathematics, or symbolic algebra requires less processing resources than arithmetic computation. Mathematical science scholars who developed Arithmetica's technology, Dr. Michael Anshel, Dr. Iris Anshel and Dr. Dorian Goldfeld (winner of the American Mathematical Society's Cole Prize The Frank Nelson Cole Prize, or Cole Prize for short, is one of two prizes awarded to mathematicians by the American Mathematical Society, one for an outstanding contribution to algebra, and the other for an outstanding contribution to number theory. in Number Theory and the Vaughn Foundation Prize) will present at GT-1. "If proven secure, Arithmetica's innovative new public key method holds promise in many areas of interest to StorageTek including encrypted storage and data and access to networked storage," said Dr. Aloke Guha, vice president of corporate architecture for StorageTek. "What particularly interests us is that the algorithm is linear to the key size. Being linear to the key size implies that the implementation can be potentially hundreds of times faster than existing public key methods. We expect this consortium to move this technology forward towards adoption." StorageTek has been examining this algorithm for the past two years. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Richard Aguirre, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Arithmetica, GT-1 will educate technical experts in the industry about Arithmetica's new public key system. He projects that increased awareness will generate more performance testing Performance Testing covers a broad range of engineering or functional evaluations where a material, product, or system is not specified by detailed material or component specifications: Rather, emphasis is on the final measurable performance characteristics. in different environments -- and facilitate its introduction to various standards bodies Following are some of the standards bodies defined in this database. For Windows users of CDE, look up Lessons/Review/Associations. For Web users of CDE's online HTML version, review the Lessons list at the bottom of the definition. Organization Covers ANSI U.S. . "Arithmetica has privately shown this algorithm to some of the top cryptographers and cryptanalysts in the industry. With our positive feedback we want to move forward with the consortium to advance its development for electronic commerce, secure data storage, and wireless applications," said Aguirre. "Our goal is to gain market acceptance for the algorithms." About StorageTek StorageTek is the preeminent provider of network storage. The company's strategy is to provide "Open, Intelligent and Integrated"(tm) solutions that combine storage products, storage management software and storage services. StorageTek solutions help customers collect, move, store, share and protect all types of digital content on platforms ranging from laptops to enterprise servers. The company, with headquarters in Louisville, Colo., reported revenue of $2.3 billion in 1998. Information on StorageTek is available on the World Wide Web at www.storagetek.com or phone 800/786-7835. About Arithmetica Arithmetica is a next-generation encryption technology company that was founded in 1993. Its scientists -- who have expertise in cryptography, number theory and fast algorithms -- have applied revolutionary mathematical discoveries to reduce computational complexity computational complexity Inherent cost of solving a problem in large-scale scientific computation, measured by the number of operations required as well as the amount of memory used and the order in which it is used. and increase processing volume and speed. Arithmetica's products provide high performance secure communications for electronic commerce applications and for enterprise, wireless, broadcast and broadband networks. Arithmetica's cryptographic research and product development is based in Tenafly, N.J.; its headquarters is in Dallas. For more information see www.arithmetica.com. Editor's note: The GT-1 Consortium will take place at StorageTek's New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of location -- 10 a.m., Dec. 15, 1999. For more information call Rick Aguirre 972/857-8909. One World Financial Center 200 Liberty Street 21st floor New York, NY 10281 212/416-0700 |
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