Baltimore Technologies and Intersix Technologies to Provide Security Solutions for the Brazilian Payment System.

Business/Technology Editors

RIO DE JANEIRO, Brazil--(BUSINESS WIRE)--Sept. 10, 2001

Combined solution chosen by the Central Agency for the Custody and

Financial Settlement of Securities (CETIP) in Latin America 

Intersix Technologies, a systems integration company specializing in the financial market, and Baltimore Technologies (London:BLM; NASDAQ: BALT), a global leader in e-security solutions, today announced that they will provide security products and services for the Brazilian Payment System (SPB). Created by the Brazilian Central Bank, the SPB is a set of rules governing transactions between Brazilian banks. These rules will apply to all of the approximately 170 Brazilian banks.

The Central Agency for the Custody and Financial Settlement of Securities (CETIP), the largest custody and financial settlement company in Latin America, has already signed on as a customer of the Intersix and Baltimore SPB solution to guarantee compliance with the mandatory security and cryptographic issues defined by the Brazilian Central Bank. CETIP provides an over-the-counter market for the registration and trading of fixed-income securities. CETIP is expanding its service portfolio to also clear payments from Brazilian banks. This initiative is being created within the scope of the Brazilian Federation of Bank Associations (FEBRABAN).

The Brazilian Central Bank's goal in designing the SPB is to create a secure system to guarantee the authenticity of Brazilian banks by using digital certificates, as well as speed the payment cycle time among the banks. Currently, banks have to wait several days before funds from other banks can clear. The secure system will allow the banks to automatically deposit funds and have those funds available immediately, as well as instantly check and approve deposits from other Brazilian banks.

"Intersix is working to revolutionize the way transactions are secured over the web and ensure that businesses and consumers alike attain a sense of trust in e-commerce," said Mario Matesco, CEO of Intersix. "Baltimore's Public Key authentication solutions were obvious choices for us to help Brazilian banks use a standards-based security infrastructure to streamline their payment system and meet the requirements of the SPB."

"Baltimore has a strong commitment to the Latin American market, so we are delighted that Intersix has chosen Baltimore's authentication products for use in its SPB integration project," said Kelly Tsongalis, Director of Latin American Operations for Baltimore. "We see this as a significant endorsement of our next generation e-security hardware and software. It further solidifies our position as a leading provider of security solutions for the financial transactions market."

Intersix is using Baltimore KeyTools and SureWare Keyper from Baltimore Technologies to create the application protocol that will enable Brazilian banks to securely communicate with one another and digitally sign documents. Baltimore KeyTools, designed for e-security developers, has a unique modular architecture that allows the developer to focus on core application development and not worry about complex security coding. Baltimore SureWare Keyper enables the management of cryptographic keys used to provide confidentiality, authenticity and integrity of financial transactions.

About Intersix Technologies

Intersix Technologies is a solution integrator specialized in the financial and corporate information security market. To be able to provide mid-sized to large companies with customized solutions, Intersix has partnership with, among others, Baltimore Technologies, CheckPoint, Netegrity, eSecurity and StoneSoft. For additional information visit our website at www.intersix.com or call Mario Matesco at (+ 55 11) 3849-9330 or ([phone].

About Baltimore Technologies - A Global Leader in Security & Trust for e-business

Baltimore Technologies' products, services and solutions solve the fundamental security and trust needs of e-business, ensuring that companies can verify the identity of who they are doing business with and which resources and information users can access on open networks. Many of the world's leading organizations have chosen Baltimore's e-security technology to conduct business more efficiently and cost effectively over the Internet and wireless networks. The company also offers support worldwide for its authorization management and Public Key based authentication systems.

Baltimore's products and services are sold directly and through its worldwide partner network, Baltimore TrustedWorld. Baltimore Technologies is a public company, principally trading on London (BLM). For more information on Baltimore Technologies please visit http://www.baltimore.com

Legal Notice

Certain statements that are not historical facts including certain statements made over the course of this document may be forward-looking in nature. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance and achievements of the Company to be materially different from any future results, performance or achievements implied by such forward-looking statements.