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SafeNet Security Technology Selected by PMC-Sierra for Highly Integrated System-on-Chip (SoC) Solution

SafeNet SafeXcel IP Helps Power PMC-Sierra Chips for Security Appliances, IP Storage and Printer/Imaging Applications

BALTIMORE, Maryland, May 23, 2006 - SafeNet, Inc. (NASDAQ: SFNT), setting the standard for information security, today announced that PMC-Sierra (NASDAQ: PMCS) has licensed SafeNet's silicon-proven SafeXcel IP Packet Engine to add powerful security capabilities to PMC-Sierra's MSP8520 Multi-Service Processor for secure networking, IP storage and printer/imaging applications.
"Our customers demand powerful security as an essential feature of high-performance microprocessor SoC solutions," said Martin Scott, vice president and general manager of PMC-Sierra's Microprocessor Products Division. "The integration of SafeNet's unique SafeXcel IP Packet Engine into PMC-Sierra's feature-rich MIPS-based processors allows our customers to build applications that meet today's demanding requirements for cost-effective security at high performance."

Bank Of America Investment The security functionality in PMC-Sierra's MSP8520 processor is provided by SafeNet's SafeXcel IP Packet Engine-a highly integrated cryptographic accelerator for security algorithms and protocols such as Internet Protocol Security (IPsec), Secure Socket Layer (SSL), Transport Layer Security (TLS), and Secure Real-Time Transport Protocol (SRTP). Designed for the unique needs of semiconductor manufacturers, the SafeXcel IP Packet Engine features outstanding versatility, ease of integration, and performance.

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Investment Opportunity "With the trend toward integration of multiple security functions into a single chip, our silicon-proven security module is a perfect fit for PMC-Sierra's high performance MIPS-based processors," said Henk Pruim, vice president and general manager, SafeNet OEM Networking Division. "Together with SafeNet's QuickSec VPN software, the processors will provide OEMs with a complete security solution that is very cost effective and easy to integrate."

Significance of numerous Inputs It is obviously clear that a successful monitorsing experience is associated with getting and managing the maximum existing number of inputs. Among the security technologies that should be integrated with the security software are access control systems. For instance, the security system may detect that someone access card was denied in two entry gates. Soon after, a tailgate event is reported. The security guards can get a complete perception of the incident if they simply review the summary provided by their security software.

Banc Of America Investment The MSP8520 is a highly integrated feature rich system-on- chip (SoC) incorporating PMC-Sierra's high performance E9000 microprocessor core and system interfaces targeted at networking, printer/imaging and storage applications.

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Banking Investment SafeNet OEM Security Solutions
SafeNet's comprehensive security systems are deployed by the world's leading networking & communications OEMs, including AMD, Cisco Systems, Hitachi, HP, Juniper Networks, Lucent Technologies, PMC-Sierra, Samsung, Siemens, and Texas Instruments, to name a few, The leading global semiconductor, telecommunications, enterprise, and wireless OEMs trust SafeNet's best-in-class security solutions for their next-generation networking and communications solutions. SafeNet is the only vendor that provides complete and proven security systems, including QuickSec VPN security software, SafeXcel security processors, and silicon-proven semiconductor IP - delivering superior protection while reducing cost and time to market for our customers.For more information about the combined network security solution,, please visit http://www.safenet-inc.com/PMC-Sierra/.

Investment Solution Strategic About SafeNet, Inc.
SafeNet is a global leader in information security. Founded more than 20 years ago, the company provides complete security utilizing its encryption technologies to protect communications, intellectual property and digital identities, and offers a full spectrum of products including hardware, software, and chips. UBS, Nokia, Fujitsu, Hitachi, Bank of America, Adobe, Cisco Systems, Microsoft, Samsung, Texas Instruments, the U.S. Departments of Defense and Homeland Security, the U.S. Internal Revenue Service and scores of other customers entrust their security needs to SafeNet. For more information, visit www.safenet-inc.com.

"As a technology and value leader for VPN acceleration, SafeNet continues to be an important partner for us, " said John Stuckey, vice president of marketing for WatchGuard. " 1141 chip into the Firebox X line of products because it delivers the advanced security capabilities and performance level our customers demand."

Investment Banking Services Source: SafeNet, Inc.

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