SafeNet Mykotronx Awarded IDIQ Contract from the Department of Defense

  
    
  
  
    
      SafeNet, Inc. (NASDAQ: SFNT), setting the standard for information 
      security, announced today that SafeNet’s 
      subsidiary, Mykotronx, Inc. was awarded on March 2, 2007 an Indefinite 
      Delivery Indefinite Quantity (IDIQ) contract from the Department of 
      Defense (DoD).
    
    
      This latest, five-year term IDIQ contract is for the products of two 
      vendors, including Mykotronx’s KIV-7M line, as 
      well as an optional High Assurance Internet Protocol Encrytor-compliant 
      (HAIPE) interface card. The contract sets an aggregate limit of $400 
      million for total orders under the contract, but does not guarantee 
      orders from the Department of Defense.
    
    
      The compact and rugged KIV-7M is a multi-channel, multi-functional 
      encryptor that enables users to replace multiple legacy devices with a 
      single unit, reducing operating costs for the user and saving valuable 
      space and weight aboard ground vehicles, ships and aircraft. The KIV-7M 
      is fully compliant with all tenants of the U.S. Government’s 
      Crypto-Modernization Initiative (CMI).
    
    
      An optional HAIPE-compliant interface card is also available through the 
      latest IDIQ contract, making the KIV-7M the first Crypto-Modern product 
      to support both the U.S. Government’s Type 1 
      link and network encryption standards.
    
    
      This award does not impact SafeNet’s 
      previously disclosed 2007 financial guidance.
    
    
      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, 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.
    
    
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