Thursday, 20 October 2005 10:00

Senetas wins advance Govt order for new tech

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Network encryption hardware supplier, Senetas Corporation (ASX: SEN), has received what it describes as a substantial order for its new Ethernet data encryptor technology from a major Federal Government agency, ahead of the official release of the product later this quarter.

Describing the order as an outstanding development that demonstrates the considerable potential for Senetas products in the high-speed network encryption market, Senetas said that it had received its first order of what will be a substantial roll out for the agency.

"This is a stunning development for Senetas, that strongly reinforces the company as the leading global provider of high-speed network encryption solutions," said Senetas chairman, Francis Galbally.

Galbally said that due to the confidential nature of the high-speed data encryption market, Senetas cannot reveal which government department had placed the order.

He said: 'We only released our SONET encryption product line to the market last October, which has since become accepted internationally by its early users, including a number of global government and financial organisations that demand the highest standards of data protection products. Indeed we are currently in the early stages of a substantial roll out of our SONET technology, through our partner SafeNet Inc, to protect all US military installations world-wide.

'So, to already be receiving significant orders for our Ethernet product, before we have officially launched the new product range, demonstrates there is a strong latent demand for this technology. There are no products currently addressing this market at the speeds and levels of sophistication at which the Senetas product will deliver, again demonstrating that our Australian technology is a world leader.'

SEN shares were very heavily traded with depth and closed up 3c to finish on 41.5c.


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Stan Beer

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Stan Beer co-founded iTWire in 2005. With 35 plus years of experience working in IT and Australian technology media, Beer has published articles in most of the IT publications that have mattered, including the AFR, The Australian, SMH, The Age, as well as a multitude of trade publications.

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