TCC Launches CipherONETM Network Encryption System
Optimized Network Encryption for frame relay network VPNs
CONCORD, MA, May 10, 1999 - Technical Communications Corporation (NASDAQ:
TCCO), a leader in securing mission-critical communication networks, today
announced the launch and immediate availability of the
CipherONETM Network
Encryption System. The CipherONE Network Encryption System enhances the
KEYNET secure management application and the Cipher X 7100 - the industry's
highest performance Triple DES (ANSI X9.52) frame relay encryption system.
TCC is a leader in securing highly sensitive military and government
networks. Now, this high quality encryption technology is being combined
with ease-of-use management and upgrade capabilities to create frame relay
VPNs that protect the growing number of commercial, financial and corporate
WAN applications requiring security.
The CipherONETM Network Encryption System from TCC enables Cipher
X® encryption units to be tailored to meet clients' current and future
networking needs. The ONE stands for Optimized Network Encryption using a
single hardware platform. This innovative approach allows users to install
a Cipher X 7100 data encryptor on their public frame relay network today at
the circuit data rate and the number of secure private virtual circuits
(PVCs) they need. There are three configurable Frame Relay speed options
obtainable through secure software downloads that make up the CipherONE
Network Encryption System for the Cipher X 7100 frame relay encryptor. The
Cipher X 7100 has a maximum data transfer rate of 2.048Mbps and supports 976
encrypted PVCs. The Cipher X 7100 LiTE has a maximum data transfer rate of
256Kbps and supports 10 encrypted PVCs. The Cipher X 7100 Ultra LiTE has a
maximum data transfer rate of 64Kbps and supports 2 encrypted PVCs.
The CipherONE approach allows users to remotely upgrade the hardware when
the time comes to move to a higher speed circuit or add PVCs. With the
CipherONE Network Encryption System, users can tailor their hardware
encryption needs quickly and easily. This system also allows clients to
protect their hardware investment by allowing easy remote upgrades to
increase the circuit speed of the devices on the network without changing
hardware. This allows them to pay for only the system they need today with
options to upgrade in the future.
Carl H. Guild, Jr., TCC's President and CEO, stated, "Our development of
products for the commercial encryption security market continues. Expanding
upon our CX7100/KEYNET Triple-DES frame relay encryptor, the CipherONE
family of encryption products provides optimized system performance at a
significantly reduced cost. These products are expected to be attractive to
the large number of smaller enterprises where acquisition cost is very
important. "
Markets
The CipherONE family of products with Triple-DES encryption provides secure
frame relay communications for banking and financial institutions, insurance
companies, healthcare providers and pharmaceuticals that place a high value
on their data and its successful transmission.
Pricing and Availability
The CipherONE family of frame relay encryptors are available in three
models. The Cipher X 7100 has a maximum data transfer rate of 2.048Mbps
(T1/E1) and supports 976 encrypted PVCs. The Cipher X 7100 LiTE has a
maximum data transfer rate of 256Kbps and supports 10 encrypted PVCs. The
Cipher X 7100 Ultra LiTE has a maximum data transfer rate of 64Kbps and
supports 2 encrypted PVCs. CipherONE products are available immediately at a
starting price of $3,500 (U.S. only).
About TCC
Technical Communications Corporation's products and systems secure
mission-critical networks for governments, corporations and financial
institutions around the world. With over 35 years of experience, TCC is the
trusted supplier for organizations that place a high value on their data and
its successful transmission.
CipherONE and Cipher X are trademarks of Technical Communications
Corporation. Other brand and product names may be trademarks or registered
trademarks of their respective owners.
Matters discussed in this news release, including any discussion of or
impact, expressed or implied, on the Company's anticipated operating results
and future earnings, including statements about the Company's ability to
achieve growth and profitability, contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as amended. The
Company's operating results may differ significantly from the results
indicated by such forward-looking statements. The Company's operating
results may be affected by many factors, including but not limited to future
changes in export laws or regulations, changes in technology, the effect of
foreign political unrest, the ability to hire, retain and motivate
technical, management and sales personnel, the risks associated with the
technical feasibility and market acceptance of new products, changes in
telecommunications protocols, the effects of changing costs, exchange rates
and interest rates and the Company's ability to renegotiate its line of
credit with its banks. Although the Company's securities trade on the NASDAQ
National Market System, no assurances can be given that the Company will
continue to be in compliance with all listing requirements or that the
Company's securities will continue to be listed on NASDAQ National Market or
on NASDAQ SmallCap market. The delisting of the Company's securities from
the NASDAQ could have a material adverse effect on the market price of the
Company's securities. These and other risks are detailed from time to time
in the Company's filings with the Securities and Exchange Commission,
including Form 10-K for the fiscal year ended October 3,1998 and Form 10-Q
for the quarter ended January 2, 1999.
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