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ROI Route 1 Inc

0.025
0.00 (0.00%)
01 Aug 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Route 1 Inc TSXV:ROI TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.025 0.02 0.025 0 01:00:00

Route1 Receives a Purchase Order for an Additional 2,000 MobiKEY Users

20/11/2012 3:54pm

Marketwired Canada


Route1 Inc. (TSX VENTURE:ROI) ("Route1" or the "Company"), a security and
identity management company, today announced that it has received a second
purchase order from a component of the United States Department of Defense that
the Company first referenced in a press release dated November 13, 2012 (the
"Client").


This purchase order is for an additional 2,000 MobiKEY Fusion devices and 4,000
MobiKEY subscriptions covering the service period April 1, 2013 to March 31,
2014. The Company expects to ship the additional 2,000 MobiKEY Fusion devices
during the fourth quarter of 2012. 


This award follows on the November 13, 2012 announced purchase order covering
the service period December 1, 2012 to March 31, 2013. The gross value of
today's announced purchase order is approximately US $2 million.


As of April 1, 2013, the Client's users will be provisioned on their own
identity and access management platform, a DEFIMNET. The DEFIMNET will be hosted
at a secure Client hosting facility.


"Today's announcement is encouraging for many reasons. Not only do we have a
highly respected military organization using our technology because of its
strong data security architecture but the decision is also being driven by the
real cost savings the Client will benefit from as many of the user's turn in
their enterprise issued laptop. Users will now only need to use their CAC card,
MobiKEY Fusion device and any internet connected personal or other computer to
have a secure, remote access session," said Brian Brunetti, President, Route1
Inc. "The Client expects to realize annual cost savings in the order of
magnitude of twice the annual cost of using the MobiKEY technology." 


European Government Client Update 

Route1 expects that due to budget cutbacks, its European Government client will
be reducing the number of employees and contractors that will use the MobiKEY
technology effective January 1, 2013. Route1 expects the annual gross revenue
impact will be approximately CAD $460,000.


ABOUT ROUTE1, INC.

Route1 delivers industry-leading security and identity management solutions to
enterprises worldwide, such as businesses, government and military, which need
universal, secure access to all digital resources and sensitive data. These
customers depend on The Power of MobiNET - Route1's communications and service
delivery platform. MobiNET provides identity assurance and individualized access
to networks and data. Route1's patented solutions are based on FIPS 140-2
cryptographic modules, and simplify the process of meeting increasingly
stringent regulatory requirements for privacy and security. Headquartered in
Toronto, Canada, Route1 is listed on the TSX Venture Exchange. 


For more information, visit our website at: www.route1.com. 

This news release contains statements that are not current or historical factual
statements that may constitute forward-looking statements. These statements are
based on certain factors and assumptions, including, expected financial
performance, business prospects, technological developments, and development
activities and like matters. While Route1 considers these factors and
assumptions to be reasonable, based on information currently available, they may
prove to be incorrect. These statements involve risks and uncertainties,
including but not limited to the risk factors described in reporting documents
filed by the Company. Actual results could differ materially from those
projected as a result of these risks and should not be relied upon as a
prediction of future events. The Company undertakes no obligation to update any
forward-looking statement to reflect events or circumstances after the date on
which such statement is made, or to reflect the occurrence of unanticipated
events, except as required by law. Estimates used in this presentation are from
Company sources. 


This news release, required by applicable Canadian laws, and does not constitute
an offer to sell or a solicitation of an offer to buy any of the securities in
the United States. The securities have not been and will not be registered under
the United States Securities Act of 1933, as amended (the "U.S. Securities Act")
or any state securities laws and may not be offered or sold within the United
States or to U.S. Persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such registration is
available.


(C) Route1 Inc., 2012. All rights reserved. Route1, the Route1 and shield design
Logo, SECURING THE DIGITAL WORLD, Mobi, MobiSecure, Route1 MobiKEY, Route1
MobiVDI, MobiKEY, MC2, PurLINK, MobiLINK, MobiKEY IBAD, DEFIMNET, MobiNET,
Route1 MobiNET, TruOFFICE, TruFLASH, TruOFFICE VDI, MobiKEY Fusion,
EnterpriseLIVE, EnterpriseLIVE VO, MobiNET Agent and MobiKEY Classic, are either
registered trademarks or trademarks of Route1 Inc. in the United States and or
Canada. All other trademarks and trade names are the property of their
respective owners. The DEFIMNET and MobiNET platforms and the MobiKEY, MobiKEY
Classic and MobiKEY Fusion devices are protected by U.S. Patents 7,814,216 and
7,739,726, and other patents pending. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Route1 Inc.
Ali Mahdavi
Capital Markets Advisor
+1 416-962-3300
ali.mahdavi@route1.com
www.route1.com

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