V-ONE Unveils New SmartKey Solution; Secured Personal Token Device Now Available as a User Authentication Option

Business Wire, Feb 9, 2005

GERMANTOWN, Md. -- V-ONE Corporation (OTCPK:VNEC), a global Internet security company, today announced it has expanded its portfolio of authentication options to include SmartKey(TM), a portable USB security device that safely holds the user's personal token.

SmartKey integrates a smart card and reader into a single lightweight USB plug-in device. While the device resembles a ThumbDrive, it uses advanced technology to protect the memory ensuring the token cannot be copied. The user can conveniently store and easily carry their access credentials, while maintaining a high level of security.

"Security, convenience and affordability are the reasons we are so excited about our introduction of the new SmartKey solution to the market. There is clearly strong demand for VPN technology that can positively identify users in addition to securing data transmissions. SmartKey seamlessly interoperates with V-ONE's SmartGate(R) VPN to address these increasing security requirements," said Margaret E. Grayson, president and CEO of V-ONE Corporation.

"SmartKey addresses the mobility of today's workforce, allowing the owner to carry their digital identity wherever they go. With SmartKey, authorized individuals can gain access to their information from machines using V-ONE's intelligent client anywhere in the world by inserting the SmartKey into the USB port and typing in their PIN code," added Ms. Grayson.

SmartGate application layer SSL technology provides end-to-end AES encryption, FIPS validated multi-factor authentication, and fine-grained access control. Two-factor authentication is provided by a user-defined access code in combination with the user's private token that is stored on SmartKey. Other authentication options, including those employing biometrics, are also available.

"Many SSL technology solutions today secure the connection, but do not uniquely identify the user," said James Naughton, Director of Product Management at V-ONE. "SmartKey is particularly useful for defense applications and sharing of sensitive commercial information where establishing the identity of the end user is critical."

About V-ONE Corporation

V-ONE's application layer SSL VPN security products are the most secure, cost effective and easiest to manage network solutions for the remote access, wireless and satellite markets. These standards-based products include strong two-factor authentication and access control, work on all leading operating systems, provide security for most popular hand-held devices, and boost satellite network speeds by more than 1000% over products using IP Security (IPSec).

V-ONE products have been deployed by Fortune 1000 companies in healthcare, banking & finance, transportation and high-tech, and by U.S. government agencies charged with homeland security, including the FBI, NSA, and Departments of Defense, Justice and the Treasury. All rely upon V-ONE's proven track record for providing secure global VPN information sharing over the Internet, intranets, extranets and private networks.

For further information, please consult www.v-one.com.

This release, other than historical financial information, may consist of forward-looking statements that involve risks and uncertainties. These statements may differ in a material way from actual future events. Detailed information about risk factors are set forth in the documents filed by V-ONE Corporation with the SEC, specifically the Company's latest report on Form 10-K, which identifies important risk factors for the Company.

V-ONE, SmartGate, SmartGuard, SmartPass, SmartWall and "Security for a Connected World" are registered trademarks of V-ONE Corporation. All product or company names mentioned are used for identification purposes only and may be trademarks of their respective owners.