SafeNet Gains Approval from the National Security Agency to Develop SONET Encryptor for Classified Information

Business Wire, May 1, 2006

BALTIMORE -- SafeNet First to Receive NSA Approval under the Commercial COMSEC Evaluation Program to Develop a Classified Type 1, 10 Gigabit SONET Encryptor

SafeNet, Inc. (NASDAQ:SFNT), setting the standard for information security, today announced that the National Security Agency (NSA) has given approval to SafeNet and its subsidiary Mykotronx, Inc. to development of a Classified (Type I) Version of its 10 Gigabit SafeEnterprise(TM) SONET Encryptor. Under the NSA's Commercial COMSEC Evaluation Program (CCEP), SafeNet has been approved to develop the Type I SONET Encryptor for deployment within the U.S. Government's Intelligence Communities, Department of Defense (DoD) and Civilian Agencies.

The SafeEnterprise(TM) SONET Type 1 Encryptor is a high performance, encryption appliance designed to secure SONET and SDH networks at speeds up to 10Gbps. The SafeEnterprise SONET Type 1 Encryptor has been designed to integrate transparently and simply into the Type 1 SONET and SDH network architecture. High-speed throughput, low overhead and extremely low latency make it ideal for high-speed data and time-sensitive voice and video applications.

"This development approval is another step toward our continuing market leadership in high speed classified communications for the U.S. government," said Chris Fedde, senior vice president and general manager, Enterprise Security Division, SafeNet. "This was the result of the combination of our expertise in commercial grade optical communications security and our expertise in Type 1 technologies. We are applying our experience in providing commercial grade SONET encryption to the needs of the U.S. government through knowledge gained by SafeNet and its subsidiary Mykotronx, Inc. in providing the KIV-7M, SafeXcel-3340 ASIC and other critical Type I products to the U.S. government."

About SafeNet, Inc.

SafeNet (NASDAQ:SFNT) 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, ARM, Bank of America, NetGear, the Departments of Defense and Homeland Security, Adobe, Samsung, Texas Instruments, 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

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995

The statements contained in this release, which are not historical facts, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are subject to uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. Important factors that could cause actual results to differ materially are included but are not limited to those listed in SafeNet's periodic reports and registration statements filed with the Securities and Exchange Commission. The Company assumes no obligation to update information concerning its expectations.

Editor's Note: SafeNet is a registered trademark of SafeNet, Inc. All other trademarks are the property of their respective owners.