AuthentiDate International AG
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AuthentiDate, Inc Signs Strategic Agreement With U.S. Postal Service
Corporate-news announcement sent by DGAP.
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AuthentiDate, Inc Signs Strategic Agreement With U.S. Postal Service to Provide
Electronic Postmark Service
NEW YORK/Düsseldorf — Aug. 7, 2002– AuthentiDate, a subsidiary of
AuthentiDate Holding Corp. (NASDAQ: ADAT – News), and leading provider of
Trusted Content Authentication services, today announced that it has signed a
strategic alliance agreement with the United States Postal Service to be the
provider of the USPS Electronic Postmark (R) (EPM) service.
Under the terms of the agreement, AuthentiDate, Inc will provide the management,
technology and support for the Postal Service’s EPM service. The EPM brings a
high level of integrity to electronic communications and transactions.
The USPS Electronic Postmark (R) provides evidence that the content of a
document or file existed at a specific date and time, and the EPM protects the
integrity of the document or file by ensuring that it cannot be altered without
detection. The EPM uses patent pending technology offering highly sophisticated
encryption ensuring document authenticity. Implemented as an XML-based web
service by AuthentiDate, the EPM can be added to any application regardless of
the computing platform or operating system.
AuthentiDate is also embracing the efforts of the Web Services Interoperability
Organization (WS-I), to ensure that the EPM, a foundation Web service for
content non-repudiation and trusted time stamping, interoperates with other
industry Web services. The WS-I is a cross-industry initiative designed to
accelerate the development and deployment of interoperable web services across a
variety of platforms, applications and programming languages.
“Americans trust the Postal Service when they communicate via hardcopy mail,”
said Deputy Postmaster General John M. Nolan. “We believe that the USPS
Electronic Postmark adds a comparable level of trust to electronic
correspondence and transactions.”
“We are pleased to see AuthentiDate and the U.S. Postal Service team up on such
an ambitious web services project, and are very excited to see the USPS EPM
being accessible from the Microsoft .NET platform,” said Sanjay Parthasarathy,
Vice President of Microsofts .NET Platform Strategy Group. “The ability for
developers to have programmatic access to a USPS electronic postmarking service
will enable interesting and valuable scenarios for customers doing business over
the Internet.”
“Providing our WebSphere* customers with the ability to verify and audit data
within their applications is crucial,” said William Reedy, Vice President of
Business Development, Application and Integration Middleware Division, IBM.
“Based on open web service standards and built into the WebSphere platform, the
USPS Electronic Postmark can be easily integrated or built into applications
which will allow businesses to protect the integrity of electronic data.”
Sunil Misra, Vice President of Unisys Global Security Practice, stated, “The
Postal Service and AuthentiDate EPM solution should have a significant influence
on our customers’ ability, via our Trusted Community Solutions (TCS), to
conduct reliable, cost effective, secure communications and transactions for
today’s environment. Unisys intends to support this initiative by integrating
the USPS EPM into solutions within our target market’s such as financial
services and the public sector.”
“This strategic alliance is truly a landmark event. It will provide a trusted
environment for the sending of electronic files of any kind and speed up the
flow of business in a secure fashion,” said Rob Van Naarden, CEO of
AuthentiDate, Inc. “We are delighted to be partnering with the Postal Service in
this area since they represent the single most trusted entity in our society.
This is a big win for all parties involved, business and consumers alike!”
“According to ICANN (The Internet Corporation for Assigned Names and Numbers),
it is estimated that over 3 trillion electronic transactions occur annually. Of
those, ICANN estimates that 5%, or 150 billion are candidates for the electronic
time and date stamping provided by the Electronic Postmark Service. Industry
experts have also estimated that the market for date and time stamping will
triple from its current base by the year 2005,” stated John Botti, Chairman and
CEO of AuthentiDate Holding Corp. “Previously, concerns about the ability to
alter electronically created documents have dramatically slowed the development
of e-business. However, with the backing of the United States Postal Service,
these concerns will vanish.”
About AuthentiDate Holding Corp.
AuthentiDate Holding Corp. (AHC) is the holding company of five business units;
DocStar, AuthentiDate International AG, AuthentiDate, Inc., DJS Marketing
Group/Computer Professionals International and Trac Medical Solutions, Inc.
DocStar sells a complete line of proprietary document imaging products.
AuthentiDate and AuthentiDate AG provide the authentication of digital data
through its proprietary and patent pending technology. AuthentiDate intends to
establish itself as the authority on “content security” as it is a growing
sector of the electronic network security infrastructure market. DJS delivers
professional services centered around technology systems integration projects,
staff augmentation, out-tasking, outsourcing services and resells computer
related products. Trac Medical uses the AuthentiDate service in the medical
supply business.
Contact:
AuthentiDate, Inc.
Richard Reichgut, V.P. Marketing
Phone:001 212 329 11-15
Fax:001 212 329 11-01
E-mail:rreichgut@AuthentiDate.com
AuthentiDate International AG
Judith Balfanz, Director Marketing
Großenbaumer Weg 6
40472 Düsseldorf
Germany
Phone:+49 (0) 211 436 989 0
Fax:+49 (0) 211 436 989 19
E-mail: presse@authentidate.de
Wolfe Axelrod Weinberger Assoc. LLC
Stephen D. Axelrod, CFA
Andria Pilo (Media)
Phone:001 212 370 45-00
Fax:001 212 370 45-05
E-mail:steve@wolfeaxelrod.comalified digital signatures.
AuthentiDate is also the first accredited vendor focusing business process
solutions, based on electronic signatures and timestamping technology.
AuthentiDates Business Solutions feature short ROI (return of invest) cycles,
simple integration, low operating expense and ease of use. The unique design
enables most customers for the first time receiving substantial profit
contributions from signature and timestamping technologies.
The AuthentiDate Group is worldwide present in Europe, USA and through partners
also in Asia. AuthentiDate Holding Corp, Inc. located in USA (New York) is
listed on the NASDAQ stock exchange (ADAT) and in Germany (WKN 893715).
This press release contains forward-looking statements within the meaning of
section 27A of the Securities Act of 1933 and section 21E of the Securities Act
of 1934. When used in this release, the words “believe,” “anticipate,” “think,”
“intend,” “plan,” “will be,” “expect,” and similar expressions identify such
forward-looking statements. Such statements regarding future events and/or the
future financial performance of The Company are subject to certain risks and
uncertainties, which could cause actual events or the actual future results of
the Company to differ materially from any forward-looking statement. Such risks
and uncertainties include, among other things, the availability of any needed
financing, the Company’s ability to implement its business plan for various
applications of its technologies, the impact of competition, the management of
growth, and the other risks and uncertainties that may be detailed from time to
time in the Company’s reports filed with the Securities and Exchange Commission.
In light of the significant risks and uncertainties inherent in the forward-
looking statements included herein, the inclusion of such statements should not
be regarded as a representation by the Company or any other person that the
objectives and plans of the Company will be achieved.
Indicates a trademark or registered trademark of International Business Machines
Corporation
Contact:
AuthentiDate, Inc.
Richard Reichgut, V.P. Marketing
Phone:001 212 329 11-15
Fax:001 212 329 11-01
E-mail:rreichgut@AuthentiDate.com
AuthentiDate International AG
Judith Balfanz, Director Marketing
Großenbaumer Weg 6
40472 Düsseldorf
Germany
Phone:+49 (0) 211 436 989 0
Fax:+49 (0) 211 436 989 19
E-mail: presse@authentidate.de
Wolfe Axelrod Weinberger Assoc. LLC
Stephen D. Axelrod, CFA
Andria Pilo (Media)
Phone:001 212 370 45-00
Fax:001 212 370 45-05
E-mail:steve@wolfeaxelrod.com
end of message, (c)DGAP 07.08.2002
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WKN: 893715; ISIN: US0526661048; Index:
Listed: Freiverkehr in Frankfurt und Berlin
070800 Aug 02
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