SOURCE: Voltage Security & World Economic Forum

December 05, 2005 03:02 ET

Voltage Security Selected as 2006 Technology Pioneer by World Economic Forum

PALO ALTO, CA -- (MARKET WIRE) -- December 5, 2005 -- Voltage Security, Inc., (www.voltage.com), a global leader in enterprise privacy management for digital business communication, today announced that it has been selected as a Technology Pioneer for 2006 by the World Economic Forum. Technology Pioneers are companies that have been identified as developing and applying highly transformational and innovative technologies in the areas of energy, biotechnology and health, and information technology. This year's class of 36 Technology Pioneer companies has been selected not only because of the cutting-edge work undertaken by the organizations, but also because their work has potential long-term impact on business and society.

Voltage Security's selection as a Technology Pioneer is based on its award-winning technology breakthrough called Voltage IBE, or Identity-Based Encryption, which greatly simplifies the protection of information, whether it is on servers and laptops or being transmitted via email. Voltage IBE is a public key cryptography system that uses common identities (such as an email address or screen name) as public keys, eliminating the need for certificates, Certificate Revocation Lists (CRL) and other costly infrastructure. Voltage IBE results in a solution that is easy to implement and easy to manage, without the overhead and cost inherent in traditional security solutions. Voltage incorporates IBE into its Enterprise Privacy Management Platform, the first to enable a single set of security and compliance policies to manage all forms of digital business communication. The Voltage Enterprise Privacy Management platform is ideal for use with financial services customers and medical patients who expect information to be kept private and secure and also want ease-of-use and low-cost.

"Private information such as financial and medical data must be secured as it flows in email and in real-time communications as well as when it sits as data-at-rest. With Voltage IBE, there is finally a simple way for companies to manage privacy across their vast organizations and for consumers to easily send and receive encrypted email," said Sathvik Krishnamurthy, president and CEO of Voltage Security.

"The creative innovations produced by our Technology Pioneers hold the promise of significantly affecting the way business and society operate," said Peter Torreele, Managing Director of the World Economic Forum. "As a global knowledge hub, we see the Technology Pioneer community as key contributors to this dialogue and to the mission of the World Economic Forum."

Earlier this month, Voltage Security announced major enhancements to its flagship product, Voltage SecureMail™. The new Voltage Zero Download Messenger™ provides a completely clientless experience with absolutely no requirement for downloads of any kind; no applets, clients, scripts or any other type of code are downloaded with the Voltage-delivered secure message.

Also, in November 2005, Voltage was selected as a finalist for the first-annual HP Privacy Innovation Award, sponsored by Hewlett Packard and the International Association of Privacy Professionals (IAPP). Voltage was also recently selected as a finalist for the 2006 SC Awards in the "Best Email Security" and "Best Encryption Solution" categories, sponsored by SC Magazine.

2006 Technology Pioneers

The following companies have been selected as 2006 Technology Pioneers:

Energy
CMR Fuel Cell Ltd., United Kingdom
Ecology Coatings, Akron, Ohio, USA
Energy Innovations, USA
EnOcean GmbH, Germany
Innovalight Inc., USA
Intelligent Energy Holdings Plc, United Kingdom
MBA Polymers Inc., USA

Biotechnology / Health
AgION Technologies Inc, USA
Ahura Corporation, USA
Amyris Biotechnology Inc., USA
DNA Genotek Inc., Canada
NitroMed Inc., USA
Optos Plc, United Kingdom
Ossur, Iceland
Stem Cell Sciences Ltd, United Kingdom
Theravitae Ltd, Israel
XDx, USA

Information Technology
Altiris Inc., USA
BitBand Technologies Ltd., Israel
Fortinet Inc., USA
Holografika Kft., Hungary
Icera Inc., United Kingdom
Matrix Semiconductor, Inc., USA
mobileATM Ltd., United Kingdom
Navio Systems Inc., USA
Rosum Corporation, USA
Silicon Optix Inc., USA
Telmap Ltd., Israel
The Cloud Networks Limited, United Kingdom
Transmode Systems AB, Sweden
UPEK, Inc., USA
Varioptic SA, France
VOICE.TRUST AG, Germany
VoiceObjects AG, Germany
Voltage Security Inc., USA
About the World Economic Forum and the Technology Pioneer Program

In line with the Forum's commitment to improving the state of the world, the Technology Pioneers program was established in 2000 to provide a new perspective on technological change. The program is run by the World Economic Forum with Apax Partners and Deloitte Touche Tohmatsu as Strategic Partners. Through its Technology Pioneers program, the Forum identifies and integrates those companies around the world that are involved in the design and development of new technologies. Each innovation, whether it has large or small consequences, is another step in society's attempt to harness, adapt and utilize technology to change and improve our world. The World Economic Forum is invested in monitoring and highlighting these innovations and exploring possible societal repercussions.

Each year, members, constituents and collaborators of the World Economic Forum nominate Technology Pioneers. The criteria for selection include:

1.   Innovation. The company's technology must be truly innovative. A new
version or repackaging of an already well-accepted technological solution
does not qualify as an innovation. The innovation should be recent - not
more than two years old. The company should invest significantly in R&D.

2.   Potential Impact. This company's technology must have the potential to
have a substantial long-term impact on business and society in the future.

3.   Growth and Sustainability. The company should have all the signs of a
long-term market leader and should have well-formulated plans for future
development and growth.

4.   Proof of Concept. The company must have a product on the market or
have proven practical applications of the technology. Companies in
"stealth" mode and companies with untested ideas or models will not
qualify.

5.   Leadership. The company must have visionary leadership that plays a
critical role in driving the company towards reaching its goals.

6.   Status. The company must not currently be a Member of the World
Economic Forum. This criterion applies to the parent company - thus wholly
owned subsidiaries of large firms are not eligible.
Nominees are evaluated by an external review committee comprised of technology experts with respect to the criteria above.

The uniqueness of the Technology Pioneer network ensures that companies involved in the development of new technologies are engaged in an integrated and interdisciplinary way. The Technology Pioneers community will provide the Foundation and its members with in-depth knowledge of some of the key technology issues facing society.

The World Economic Forum (www.weforum.org), based in Geneva, Switzerland, is an independent organization committed to improving the state of the world. Funded by the contributions of 1,000 of the world's foremost corporations, the Forum acts in the spirit of entrepreneurship in the global public interest to further economic growth and social progress. The Forum serves its members and society by creating partnerships between and among business, political, intellectual and other leaders of society to define, discuss and advance key issues on the global agenda. Incorporated in 1971 as a foundation, the World Economic Forum is impartial and not-for-profit, and is tied to no political, partisan or national interests. In 1995 the Forum was awarded NGO consultative status with the Economic and Social Council of the United Nations.

About Voltage Security

Voltage Security, Inc. provides the market leading Voltage Enterprise Privacy Management Platform™, a breakthrough foundation for securing all forms of digital business communication flowing into and outside an organization. Based on a revolutionary breakthrough called IBE, or Identity-Based Encryption, the Voltage Enterprise Privacy Management Platform greatly simplifies the use and administration of traditional security systems. Voltage Security markets its own enterprise solutions including the Voltage SecureMail Gateway™, Voltage SecureMail™ and secure mobile messaging solutions for RIMs BlackBerry® and Microsoft Windows Mobile-based Pocket PCs and Smartphones, and partners with other leading companies such as CipherTrust, FrontBridge Technologies (a Microsoft company) and Proofpoint to serve the expanded security needs of the enterprise. Third-party and corporate developers can secure customer applications with the Voltage IBE Toolkit™. Voltage Security customers include leading corporations and governmental agencies from around the globe including XL Global Services, Waterfield Mortgage, QVC Japan and Hitachi. For more information please visit http://www.voltage.com.

For more information on the World Economic Forum's Technology Pioneers and the 36 nominees go to www.weforum.org/techpioneers

High-resolution, print-quality photographs of the nominees can be downloaded from www.pbase.com/forumweb/techpioneers

The World Economic Forum is an independent international organization committed to improving the state of the world by engaging leaders in partnerships to shape global, regional and industry agendas.

Incorporated as a foundation in 1971, and based in Geneva, Switzerland, the World Economic Forum is impartial and not-for-profit; it is tied to no political, partisan or national interests. (www.weforum.org)

Voltage SecureMail, Voltage Gateway Server and Voltage IBE Toolkit are all either trademarks or registered trademarks of Voltage Security, Inc. All other product names and trademarks are the property of their respective owner

Contact Information

  • Contact:
    Matthias Lüfkens
    Senior Media Manager
    Tel.: +41 (0)22 869 1424
    Fax: +41 (0)22 869 1394
    Email Contact
    www.weforum.org

    For Voltage Security:
    Julie McHenry
    Communication Insight, LLC
    Email Contact
    +1 650-504-6655