SafeNet Security Technology Selected by PMC-Sierra for Highly Integrated System-on-Chip (SoC) Solution; SafeNet SafeXcel IP Helps Power PMC-Sierra Chips for Security Appliances, IP Storage and Printer/Imaging Applications.

BALTIMORE -- SafeNet, Inc. (NASDAQ:SFNT), setting the standard for information security, today announced that PMC-Sierra (NASDAQ:PMCS) has licensed SafeNet's silicon-proven SafeXcel IP Packet Engine to add powerful security capabilities to PMC-Sierra's MSP8520(TM) Multi-Service Processor(R) for secure networking, IP storage and printer/imaging applications.

"Our customers demand powerful security as an essential feature of high-performance microprocessor SoC solutions," said Martin Scott, vice president and general manager of PMC-Sierra's Microprocessor Products Division. "The integration of SafeNet's unique SafeXcel IP Packet Engine into PMC-Sierra's feature-rich MIPS-based(TM) processors allows our customers to build applications that meet today's demanding requirements for cost-effective security at high performance."

The security functionality in PMC-Sierra's MSP8520 processor is provided by SafeNet's SafeXcel IP Packet Engine--a highly integrated cryptographic accelerator for security algorithms and protocols such as Internet Protocol Security (IPsec), Secure Socket Layer (SSL), Transport Layer Security (TLS), and Secure Real-Time Transport Protocol (SRTP). Designed for the unique needs of semiconductor manufacturers, the SafeXcel IP Packet Engine features outstanding versatility, ease of integration, and performance.

"With the trend toward integration of multiple security functions into a single chip, our silicon-proven security module is a perfect fit for PMC-Sierra's high performance MIPS-based processors," said Henk Pruim, vice president and general manager, SafeNet OEM Networking Division. "Together with SafeNet's QuickSec VPN software, the processors will provide OEMs with a complete security solution that is very cost effective and easy to integrate."

The MSP8520 is a highly integrated feature rich system-on-chip (SoC) incorporating PMC-Sierra's high performance E9000 microprocessor core and system interfaces targeted at networking, printer/imaging and storage applications.

SafeNet OEM Security Solutions

SafeNet's comprehensive security systems are deployed by the world's leading networking & communications OEMs, including AMD, Cisco Systems, Hitachi, HP, Juniper Networks, Lucent Technologies, PMC-Sierra, Samsung, Siemens, and Texas Instruments, to name a few, The leading global semiconductor, telecommunications, enterprise, and wireless OEMs trust SafeNet's best-in-class security solutions for their next-generation networking and communications solutions. SafeNet is the only vendor that provides complete and proven security systems, including QuickSec VPN security software, SafeXcel security processors, and silicon-proven semiconductor IP - delivering superior protection while reducing cost and time to market for our customers. For more information about the combined network security solution, please visit http://www.safenet-inc.com/pmc-sierra.

About SafeNet, Inc.

SafeNet is a global leader in information security. Founded more than 20 years ago, the company provides complete security utilizing its encryption technologies to protect communications, intellectual property and digital identities, and offers a full spectrum of products including hardware, software, and chips. UBS, Nokia, Fujitsu, Hitachi, Bank of America, Adobe, Cisco Systems, Microsoft, Samsung, Texas Instruments, the U.S. Departments of Defense and Homeland Security, the U.S. Internal Revenue Service and scores of other customers entrust their security needs to SafeNet. For more information, visit www.safenet-inc.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995

The statements contained in this release, which are not historical facts, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are subject to uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. Important factors that could cause actual results to differ materially are included but are not limited to those listed in SafeNet's periodic reports and registration statements filed with the Securities and Exchange Commission. The Company assumes no obligation to update information concerning its expectations.

Editor's Note: SafeNet is a registered trademark and SafeXcel is a trademark of SafeNet, Inc. All other trademarks are the property of their respective owners.