DIVERSINET JOINS WAP FORUM TO HELP CREATE GLOBAL
SECURITY STANDARDS FOR WIRELESS MARKET
Diversinet to Work with Wireless Application Protocol
Organization To Spark Wireless Electronic Commerce Through Public Key Encryption
Toronto, Canada, July 20, 1999 -
Diversinet Corp. (NASDAQ Small Cap: DVNT, CDN: DVNT), a leader in providing security solutions
for wireless e-commerce, today announced it has joined the Wireless Application Protocol (WAP)
Forum. The WAP Forum includes wireless industry leaders such as Ericsson, Nokia, Motorola and
Phone.com. WAP is the de-facto worldwide standard for providing Internet communications and
advanced data services on digital mobile phones, pagers, personal digital assistants and other
Diversinet intends to work closely with the WAP Forum and the WAP Security Group to create
its standards-based security solutions developed in an open forum as the marketplace has come
to expect. The company is one of the first WAP Forum members to provide security solutions
based on PKI (public key infrastructure) technology.
Diversinet helps make wireless e-commerce a reality by providing client/server security
software optimized for critical applications, such as banking, stock trading, retail purchases,
discount coupons and promotions. These applications are driving the international market for
the Internet-enabled wireless products.
"Wireless subscribers in the United States, Europe and Asia are already trading stocks,
accessing their bank balances and receiving promotional offers over pagers and mobile phones,
" says Nagy Moustafa, president and CEO of Diversinet. "However, for the advantages
of real-time e-commerce to reach hundreds of millions of people around the world, itís crucial
to provide complete security for wireless transactions," Moustafa says. "Diversinet
can provide end to end security through our patented Public Key Infrastructure (PKI)."
"We are pleased that Diversinet has chosen to join the WAP Forum", commented Chuck
Parrish, Executive Vice-President of Phone.com and Vice Chairman of the WAP Forum Board of
Directors. "Security is a critical consideration in wireless e-commerce and Diversinet
is positioned to contribute to the WAP Forumís efforts in this regard."
Diversinetís Passport Certificate Server enables organizations to efficiently manage
their own public key systems. The Passport Certificate Serverís low-memory certificates,
online validation and registration authority make it ideal for implementing wireless security
The software is designed to effectively leverage the limited memory, processing power,
battery life and data rates of wireless products. Diversinetís Root Certificate Rollover
technology helps solve the problem of root certificate management for handheld devices.
Diversinet Corp. (http:\\www.dvnet.com) is a leading developer of products based on public-key
technology for securing wireless and wireline e-commerce applications. Diversinetís
authentication product, the Passport Certificate Server, is designed for resource-constrained
devices. The Passport Authorization product extends the functionality of digital certificates
by issuing a Digital Permit that, when used in conjunction with a certificate, serves to
identify what privileges the authenticated entity is allowed to undertake.
About the WAP Forum
The WAP Forum is an industry association that has developed the de-facto world standard for
wireless information and telephony services on digital mobile phones and other wireless
terminals. Handset manufacturers representing 95 percent of the world market across all
technologies have committed to shipping WAP-enabled devices. Carriers representing more
than100 million subscribers worldwide have joined WAP. These commitments will put 10's of
millions of WAP-browser-enabled products in consumer hands by the end of 2000. WAP Forum
membership is open to all industry participants. For further details on the WAP Forum and its
members, please visit the Forum's Web site at www.wapforum.org. The Web site also includes a
downloadable version of WAP V1.1.
This press release may contain forward-looking statements relating to Diversinet. Among
the important factors that could cause the actual results to differ materially from those
indicated by such forward-looking statements are delays in product developments, undetected
software errors and bugs, competitive pressures, technical difficulties, market acceptance,
changes in customer requirements and general economic conditions. All other companies and
products listed herein may be trademarks or registered trademarks of their respective holders.