TORONTO, ONTARIO--(Marketwire - May 23, 2012) - Route1 Inc. (TSX VENTURE:ROI), a digital security and identity management company, today announced that the Commander, U.S. Fleet Cyber Command has notified the Program Manager for the Navy Marine Corps Intranet (NMCI) that an Interim Authorization to Operate (IATO) was recently granted for the "Unclassified DEFIMNET MobiKEY Secure Remote Access Solution" on the Unclassified NMCI Enterprise.
Prior to the IATO, the Route1 MobiKEY solution had been operating under an Interim Authority to Test (IATT). The IATO has been issued to allow for additional time to complete certification and accreditation testing and validation and is valid until August 16, 2012. Route1 expects to receive an Authority to Operate (ATO), the final step in the certification and accreditation process, in August 2012.
This IATO authorizes NMCI and Washington Headquarters Services users to utilize the "Unclassified DEFIMNET MobiKEY Secure Remote Access Solution".
"Today's announcement demonstrates the continued progress we are making with a keystone client with significant potential. We expect increased adoption of the Route1 MobiKEY solution as the technology continues to progress through the certification and accreditation process," said Brian Brunetti, President, Route1 Inc.
Under the terms of a previously announced agreement, Route1 sells its integrated security and identity management solution through a channel partner to the U.S. Navy to meet the need for universal, secure remote access to its digital resources and sensitive data. The Route1 MobiKEY solution for the U.S. Navy is composed of the DEFIMNET, Route1's private communications and service delivery platform, its TruOFFICE application software, and its MobiKEY Fusion device.
In June of 2011, the Route1 MobiKEY solution became a contract line item number under the NMCI continuity of services contract (CoSC). The NMCI supports more than 700,000 U.S. Navy and Marine Corps military and civilian personnel. As of today's date, the U.S. Navy has procured approximately 2,400 devices, and currently has ordered the service for more than 2,000 personnel.
First Quarter 2012 Financial Results
Route1 will report its first quarter 2012 financial results for the period ended March 31, 2012, after market close, on Monday, May 28, 2012.
ABOUT ROUTE1, INC.
Route1 delivers industry-leading security and identity management solutions to enterprises worldwide, such as businesses, government and military, which need universal, secure access to all digital resources and sensitive data. These customers depend on The Power of MobiNET - Route1's communications and service delivery platform. MobiNET provides identity assurance and individualized access to networks and data. Route1's patented solutions are based on FIPS 140-2 cryptographic modules, and simplify the process of meeting increasingly stringent regulatory requirements for privacy and security. Headquartered in Toronto, Canada, Route1 is listed on the TSX Venture Exchange.
For more information, visit our website at: www.route1.com.
This news release contains statements that are not current or historical factual statements that may constitute forward-looking statements. These statements are based on certain factors and assumptions, including, expected financial performance, business prospects, technological developments, and development activities and like matters. While Route1 considers these factors and assumptions to be reasonable, based on information currently available, they may prove to be incorrect. These statements involve risks and uncertainties, including but not limited to the risk factors described in reporting documents filed by the Company. Actual results could differ materially from those projected as a result of these risks and should not be relied upon as a prediction of future events. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events, except as required by law. Estimates used in this presentation are from Company sources.
This news release, required by applicable Canadian laws, and does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
© Route1 Inc., 2012. All rights reserved. Route1, the Route1 and shield design Logo, SECURING THE DIGITAL WORLD, Mobi, MobiSecure, Route1 MobiKEY, Route1 MobiVDI, MobiKEY, MobiKEY IBAD, DEFIMNET, MobiNET, Route1 MobiNET, TruOFFICE, TruFLASH, TruOFFICE VDI, MobiKEY Fusion, EnterpriseLIVE, EnterpriseLIVE VO, MobiNET Agent and MobiKEY Classic, are either registered trademarks or trademarks of Route1 Inc. in the United States and or Canada. All other trademarks and trade names are the property of their respective owners. The DEFIMNET and MobiNET platforms and the MobiKEY, MobiKEY Classic and MobiKEY Fusion devices are protected by U.S. Patents 7,814,216 and 7,739,726, and other patents pending.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.