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Bloombase Technologies to market Senetas Encryption Products - Will OEM Senetas encryptors for Asian market

MELBOURNE, November 24, 2010 – The Directors of Senetas Corporation Limited (ASX:SEN), leaders in high-speed network encryption today announced an OEM agreement with Bloombase Technologies Inc.,one of the leading global information security companies from the desktop through the datacenter and to the cloudunder which Senetas encryptors will be marketed in Hong Kong and China under the Bloombase logo.

The agreement for Bloombase to re-badge Senetas Layer 2 and Layer 3 encryptors follows an earlier agreement giving Senetas the right to globally resell Bloombase technologies to secure datacenter, desktop and mobile information directly in Australia and globally through its established reseller channel.

Founded in 2005, Bloombase has a brilliant track record in providing defense in-depth data security solutions for enterprises and government organizations. Bloombase unique data at-rest security technologies received dual accreditations from National Institute of Standards and Technology (NIST) and Ministry of Public Security of China (MPS).

Senetas CEO, John DuBois said: “For almost a decade, Senetas has had a number of OEM relationships which see our hardware rebadged in certain markets. But we believe this is an important opportunity to work with Bloombase, which has an established client base in The Greater China, and to leverage their reputation in providing information security solutions to Asian government and commercial enterprises.”

Mr DuBois said Senetas would manufacture its Layer 2 and Layer 3 encryptors in Australia with Bloombase livery, would provide training and engineering support for the OEM product. He said Senetas would also commit technical resources to investigate a Layer 2 encryptor that combined the Senetas hardware technology with Bloombase’s software-based enterprise security solutions

Bloombase CEO, Sean Xiang said, “Senetas Layer 2 and Layer 3 encryptors fill our product portfolio in wirespeed network encryption effectively. The combined Bloombase data at-rest and Senetas data in-flight security solutions, under a common brand of Bloombase, assures customers a complete basket of open, proven, modular, scalable and interoperable enterprise data security solutions to address their ever-changing total data protection needs.”

About Senetas

Senetas Corporation Limited (ASX Code: SEN) is an Australian ASX-listed public company and is the world’s leading developer and supplier of high speed network encryption hardware products. Its products are accredited to the highest international government security standards (FIPS 140-2 Level 3 and Common Criteria EAL4+). Senetas is now represented in more than 40 countries and customers include Government, military and law enforcement agencies, as well as leading financial institutions in Australia, USA, Middle East, Asia, and Europe.

About Bloombase

Bloombase develops and markets Spitfire and Keyparc information security solutions for enterprises and organizations. Bloombase formulates a vision for next generation enterprise application integration and electronic data interchange to secure and accelerate information exchange. This vision brings together distributed and heterogeneous systems with seamless connectivity and empowers enterprise applications and systems with security by use of state-of-the-art cryptographic, service oriented architecture and network technologies. Its products and solutions are deployed worldwide by governments, organizations and listed companies across industries including banking, financial services, healthcare, telecommunications, and manufacturing. For more information, please visit http://www.bloombase.com/

For further information contact:
John DuBois, CEO, Senetas Corporation Limited, Tel: +61 3 9868 4555 john.dubois@senetas.com
Marketing Communications, Bloombase, Inc., Tel: +1 855 256 6622 marketing@bloombase.com

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Bloombase is a trademark of Bloombase Technologies, Inc. and may be registered in certain jurisdictions. All other product and company names mentioned are the property of their respective owners and are mentioned for identification purposes only. Except for the historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties. The success of the agreements and products described above and the future operating results of Bloombase Technologies, Inc. may differ from the results discussed or forecasted in the forward-looking statements due to factors that include, but are not limited to, risks associated with new versions and new products, the availability of Bloombase Technologies, Inc.'s products and services, implementation of products and services, existence of errors or defects in products, rapid technological change, dependence on the Internet, significant current and expected additional competition and the need to continue to expand product distribution and services offerings. Bloombase Technologies, Inc. assumes no obligation to update the information in this press release.