Datakey Electronics, Inc. Issues Clarification Regarding SafeNet, Inc. Tender for Shares of Datakey, Inc.SAVAGE, Minn. -- The announced tender offer by SafeNet, Inc. (Nasdaq:SFNT) for the stock of Datakey, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DKEY.OB) has triggered numerous inquiries to Datakey Electronics, Inc. (privately held) by its government and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and customers. Datakey Electronics, Inc. is issuing clarification that: --Datakey Electronics, Inc. is not being sold. --Datakey Electronics, Inc. is NOT the subject of SafeNet's tender for the shares of Datakey, Inc. (http://www2.safenet-inc.com/news/viewstory.asp?ID=324) --Datakey Electronics, Inc. is an entirely separate entity from Datakey, Inc. Datakey Electronics was formed in August of 2001 when Datakey, Inc. sold the assets of its former Electronics Products division. Since then, Datakey Electronics, Inc. has been owned and operated completely independently of Datakey, Inc. Datakey Electronics manufactures rugged keys and tokens containing reprogrammable memory. These keys/tokens and their mating receptacles are used by Original Equipment Manufacturers (OEMs) for data transport and access control in rugged environments. "Our customers will not be affected by any changes occurring at Datakey, Inc. Datakey Electronics is a privately-held corporation that is focusing on leveraging its 28-year heritage in portable memory products to achieve strong growth," commented Adriana Jennings, 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. , Datakey Electronics. "As a matter of fact, we have just moved into our new factory. This purpose-built facility gives us the necessary room to continue to grow and expand - and because we own the facility, we will not have to move until we outgrow outgrow verb To change the relationship with a condition or structure by dint of ↑ age or size; while children outgrow clothing, and certain behaviors, they rarely outgrow diseases–eg, asthma it." "We have grown consistently over the past three years by focusing on our core products, keys and tokens, and our core markets of data transport and access control for OEM manufacturers of electronics. We have introduced quite a few new products addressing those applications," commented Datakey Electronics' President, Eric Jennings Eric T. Jennings (born c. 1923) is an English former football referee, who operated in the Football League and for FIFA. He comes from Stourbridge in the West Midlands. Career Jennings was promoted to the Football League referees List in 1954, aged only 31. . "In addition we are working with a large number of new design-ins in both our existing customer base and with new customers, giving us confidence in continuing growth." The move to the new building occurred during the week of September 20, 2004 and normal manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. resumed the week of September 27, 2004. About Datakey Electronics, Inc. Datakey Electronics offers a complete catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. of fully-engineered data transport solutions. The product line consists of proprietary memory keys and other custom-shaped tokens containing non-volatile memory Refers to memory chips that hold their content without power being applied. It may refer to chips that are not changeable, such as ROMs and PROMs, or to chips that can be rewritten many times such as flash memory. , mating receptacles, reader/writers and development kits. These products are used world-wide in hundreds of military and industrial applications, providing a cost-effective and reliable way of storing and transporting electronic information where conventional methods would not survive. In addition, Original Equipment Manufacturers (OEMs) choose Datakey Electronics because, unlike consumer products, they offer life-of-product support. Datakey Electronics, Inc. has a world-wide base of customers including General Dynamics General Dynamics Corporation (NYSE: GD) is a defense conglomerate formed by mergers and divestitures, and as of 2006 it is the sixth largest defense contractor in the world[1]. The company has changed markedly in the post-Cold War era of defense consolidation. , Raytheon, Siemens, 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 Health and Hospital Corporation, Gasboy (a division of Gilbarco), governments and other multi-national corporations. Datakey Electronics, Inc., based in Savage, MN, is a minority woman-owned business with a complete manufacturing facility and substantial capacity for production growth. For more information about Datakey Electronics, Inc.: www.datakeyelectronics.com All trademarks are property of respective companies. |
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