Multi-Million Dollar Contract to Provide Public Key Technology for Metering Systems
Pitney Bowes Inc. (NYSE: PBI), the global provider of leading edge integrated mail and document management solutions, has entered into a multi-year supply agreement with Rainbow Mykotronx, a Rainbow Technologies (Nasdaq: RNBO) company, for Rainbow’s cryptographic token and public key acceleration technology that will be integrated into Pitney Bowes’ new digital mailing systems. Pitney Bowes’ new mailing systems will network mailers to postal as well as carrier information/systems and offer convenient access to value-added services such as tracking, delivery confirmation and rate information to name a few. Rainbow Mykotronx is a leading provider of custom and high-assurance solutions for government and commercial applications that require the most robust forms of information security.
"We’re very pleased to continue our work with Rainbow Mykotronx to integrate their technology into our new digital mailing systems,” said Ian Siveyer, vice president Global Marketing, Pitney Bowes Global Mailing Systems. “Our customers will benefit from this best-of-breed metering solution.”
“This supply agreement is the perfect culmination of a custom development and low rate initial production program with Pitney Bowes. By combining our technology with their engineering talent and postal industry expertise, Pitney Bowes has developed a complete line of cutting-edge digital mailing systems,” said John Droge, vice president, Rainbow Mykotronx. “This multi-year agreement reinforces our ongoing strategy to partner with the world’s leading firms to build integrated solutions that protect information.”
Dan Chmielewski / Graham Peat
+1 (949) 4507377 / 01932 579200
Catherine Eyres / Sarah Hewitt
Strategic Alliance International
+44 (0) 1494 434 434
About Pitney Bowes
Pitney Bowes Inc. is a .1 billion global provider of leading edge integrated mail and document management solutions headquartered in Stamford, Connecticut. The company serves more than 2 million businesses of all sizes through dealer and direct operations.
For more information about Pitney Bowes, please visit http://www.pb.com
About Rainbow Mykotronx
Since 1979, Rainbow Mykotronx has pioneered cryptographic technology and set standards for secure electronic communications. Rainbow Mykotronx has designed and manufactured the world’s most sophisticated and dependable custom cryptographic solutions. With all operations certified under the worldwide ISO-9001 standard, Rainbow Mykotronx designs and manufactures cryptographic equipment that is essential for use in very high-assurance applications such as networking/telecommunications, wireless, conditional access and financial stored value. Mykotronx solutions include both off-the-shelf and custom developed products.
About Rainbow Technologies
Founded in 1984, Rainbow Technologies is a leading provider of information security solutions for the Internet, eCommerce, mCommerce, content protection, software distribution and high-assurance communications. Rainbow applies its core technology to a variety of Internet applications including software security; custom high assurance security hardware; complete eBusiness services; and content/transaction security solutions over corporate networks, VPNs and the Internet. Rainbow's products include: secure Web server acceleration solutions; anti-piracy and Internet software distribution solutions; PKI-based security solutions; voice, data and satellite information security and authentication solutions; and USB-based Web authentication tokens. With headquarters in Irvine, Calif., Rainbow security maintains offices throughout the United States, United Kingdom, France, Germany, Australia, China, India, The Netherlands, Brazil and Taiwan. A network of nearly 80 authorised distributors sells Rainbow products worldwide.
For more information, visit the Web site at http://www.rainbow.com
The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements, certain of which are contained in this press release and include, but are not limited to, the nature and terms of the agreement, the company’s ability to satisfy product demand schedules, cryptographic and public key acceleration technology, and competitive landscape. These statements speak only as of the date of this press release and are subject to various risks and uncertainties that could impact actual results.
This press release was distributed by ResponseSource Press Release Wire on behalf of Strategic Public Relations Ltd in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.