AuthentiDate International AG
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AuthentiDate Implements Signature Solution At The German Federal Ministry
Corporate-news announcement sent by DGAP.
The sender is solely responsible for the contents of this announcement.
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AuthentiDate Implements Signature Solution At The German Federal Ministry of
Economics and Labour (BMWA)
One of the largest German federal ministries launches internal services to
secure electronic documents using qualified time stamps
Schenectady, NY/Berlin, Duesseldorf (Germany) August 05, 2003 – AuthentiDate
International AG, a wholly-owned subsidiary of AuthentiDate Holding Corp.
(NASDAQ: ADAT) announced today that it has implemented its automated document
security services at the German Federal Ministry of Economics and Labour (BMWA)
to enable usage of its secure electronic document processing solution, which is
compliant with the stringent German and European signature laws and directives.
Using the AuthentiDate services, the Federal Ministry can convert existing paper
based document processing to electronic document processing, without the need
for storing additional paper documents.
AuthentiDates innovative modular solution design enables the Federal Ministry to
easily implement additional digital signature solutions and to integrate
existing legacy systems at low cost and less effort – a substantial benefit for
German ministries and government authorities attempting to achieve the goals of
the German government initiative “Bund Online 2005,” which seeks to convert the
document processing systems applied in numerous transactions from paper to
electronic by 2005.
In its current implementation, the Federal Ministry installed AuthentiDates
centralized and automated service, which provides qualified time stamps,
compliant with German and European signature laws and directives, to process
legally secure electronic documents and data files. This solution consists of
software and services provided by AuthentiDate.
While financial terms of the agreement were not disclosed, AuthentiDate stated
that revenue will be generated from initial implementation fees and recurring
license and transaction fees.
The internal Federal Ministry time stamp service will be integrated into its new
document workflow and archiving system to ensure legally binding verification
that electronic data has not been tampered for a minimum period of 30 years.
This process is guaranteed by AuthentiDates certified time stamping service,
thereby eliminating additional cost-intensive storage of paper originals. In
addition, the centralized Federal Ministry time stamping service offers this
functionality to be used as an electronic federal postmark for Germany for
incoming and outgoing electronic documents (eMails).
Using AuthentiDates solution, all electronic workflows at the Federal Ministry
can now be automatically documented through centralized electronic signature
generation capabilities. The AuthentiDate solution provides the Federal
Ministry with the ability to verify data integrity and record all internal
document processing and external communications for a documents life cycle.
This provides a substantial benefit to the Federal Ministry by simplifying its
existing document processing system. Due to the centralized implementation,
all relevant time stamp and signature processing occurs at the server side.
Therefore, there is no need to separately train the individual users.
The generation of qualified time stamps, which are the most secure kind of time
stamps as defined by the stringent German and European signature laws and
directives, occurs within AuthentiDates Trust Center, which has been accredited
by the German Regulatory Authority for Telecommunications and Posts.
“The decision by the Federal Ministry of Economics and Labour to implement our
solution is a major milestone for AuthentiDate, regarding our eGovernment
activities. Our automated and centralized digital signature solutions, helps to
substantially optimize business and government processes, without requiring long
and complex integration and roll-out cycles. This project, which we implemented
with the support of our partner T-System, is an outstanding example of a
successful and quick implementation of an innovative project in the federal
government area.”, stated Jan C. Wendenburg, Chief Executive Officer,
AuthentiDate International AG.
About AuthentiDate International AG
AuthentiDate International AG (www.authentidate.de), Düsseldorf, Germany is the
first Accredited Certification Provider, certified by the German Regulatory
Authority for Telecommunications and Posts (RegTP), focusing legal binding
timestamps compliant to the strong German electronic signature laws and European
signature directives.
AuthentiDate is also the first accredited vendor focusing business process
solutions, based on electronic signatures and timestamping technology. These
solutions are featuring by easy integration, high economic efficiency, platform
independence and protection of investment.
The AuthentiDate solutions are nationally and internationally used by well-known
companies of different branches. The customers utilize the signature solutions
to achieve legal security within eBilling, archiving, scanning and workflow. In
addition AuthentiDates technology is already integrated in different products of
other manufacturers, therefore legal security for business processes is
automatically available for many companies.
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).
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.
AuthentiDate and AuthentiDate AG provide the authentication of digital data
through its proprietary and patent pending technology. AuthentiDate is
establishing itself as the authority on “content security,” a growing sector of
the electronic network security infrastructure market. Trac Medical uses the
AuthentiDate service to improve speed, accuracy and security in processing
medical forms. These three business units comprise the AuthentiDate Segment for
financial reporting purposes. DocSTAR sells a complete line of document imaging
products and DJS delivers professional services centered on systems integration
projects, staff augmentation, out-tasking and outsourcing services, and resells
computer related products.
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.
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Contact:
AuthentiDate International AG
Großenbaumer Weg 6
40472 Düsseldorf – Germany
Phone +49 (0)211 – 43 69 89 0
Fax +49 (0)211 – 43 69 89 19
Judith Balfanz, Director of Marketing
E-mail: presse@authentidate.de
www.authentidate.de
AuthentiDate Holding Corp.
John A. Stiles
John A. Stiles & Associates, L.L.C.
Phone +1 314-994-0560
end of message, (c)DGAP 05.08.2003
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WKN: 893715; ISIN: US0526661048; Index:
Listed: Freiverkehr in Berlin-Bremen und Frankfurt
051059 Aug 03
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