Business & Finance
Business and Finance
Business and Finance
Tue, July 28, 2009
Mon, July 27, 2009 Route1 Inc.: Route1 Awarded Government of Canada NMSO Contract
TORONTO, ONTARIO--(Marketwire - July 27, 2009) - [ Route1 Inc. ], (TSX VENTURE:ROI) a security and [ identity-based services company ], today announced that it has been awarded a National Master Standing Offer (NMSO) contract by Public Works and Government Services Canada (PWGSC). Under the NMSO contract number E60QE-08BI12/001/QE, Canadian Government departments and agencies have been pre-approved to purchase up to $20 million of Route1 products and services over a three-year period.
Route1 is pre-approved to supply the Government of Canada with Route1 [ MobiKEY ](R) devices, [ TruOFFICE ](TM) and other [ MobiNET ](R) subscription-based services. The [ TruOFFICE ] service and [ MobiKEY ], powered by [ MobiNET ] have been used by various federal departments to allow employees to perform their job functions outside of the office without any risk of data leakage.
Route1's [ identity-based solutions ] are used by a variety of stakeholders, including the highest executive level, in a number of Canadian Government departments and agencies, to maximize productivity and efficiency in the name of better serving Canadians. The NMSO awarded to Route1 is a key prerequisite and building block for Government of Canada, as it simplifies the procurement and competitive process for large contract awards.
"This NMSO is an important agreement for Route1. We are pleased to have the opportunity to provide the Government of Canada with secure digital interactions through the [ MobiKEY ] and [ MobiNET ] services," said Dean Peloso, President and CEO of Route1. "With Route1, government workers will be able to securely work from home or any other remote location and perform all mission critical operations even if they are unable to physically go into government-secured facilities due to weather, illness, transit strikes, pandemic or other disruptions."
Public Works Government Services Canada selected Route1's [ identity-based service delivery ] solutions for this NMSO based on qualification by the Communications Security Establishment Canada (CSEC) and Route1's compliance with FIPS 140-2, a standard used to validate cryptographic security. Defense Research Development Canada (DRDC) was a sponsor in the PWGSC run process to have the Route1 product line available through the NMSO.
ABOUT THE NATIONAL MASTER STANDING OFFER
The National Master Standing Offer is used to meet recurring needs by one or more departments within the Canadian government or for a range of goods or services for a specific purpose but the actual demand is not known at the outset and delivery is to be made when a requirement arises. The NMSO can be called up by the government to purchase Route1's products and services under the pre-arranged prices and terms and conditions. A separate contract will be awarded each time the NMSO is called up without the need to re-evaluate Route1's products and services.
[ ABOUT ROUTE1 ]
Route1 delivers award-winning security and [ identity management ] solutions to customers world-wide. These solutions provide universal, [ secure access ] to all digital resources and sensitive data. At the heart of Route1's solutions is [ MobiNET ], a communications and service delivery platform focused on identity management and [ entitlement-based ] access to resources. Route1's patent-pending solutions are based on FIPS-140-2 cryptographic modules, and simplify the process of meeting increasingly stringent regulatory requirements around privacy and security. Headquartered in Toronto, Route1 is listed on the TSX Venture Exchange (symbol:ROI). For more information, visit [ www.route1.com ].
This news release is 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.
Certain statements in this press release may contain words such as "could", "expects", "may", "anticipates", "believes", "intends", "estimates", "targets", "envisions", "seeks" and other similar language and are considered forward-looking statements or information under applicable securities legislation. These statements are based on Route1's current expectations, estimates, forecasts and projections about the operating environment, legal environment, economies and markets in which Route1 operates. These statements are subject to important assumptions, risks and uncertainties, which are difficult to predict and the actual outcome may be materially different from those contemplated in forward-looking statements. Unless otherwise required by applicable securities laws, Route1 disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
(C)2009 All rights reserved. Route1, the Route1 Logo, Mobi, Route1 MobiKEY, TruOFFICE, PurLINK, EnterpriseLIVE, DEFIMNET, IBAD and Route1 MobiNET 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 TSX Venture Exchange has not reviewed or approved the contents of this press release and does not accept responsibility for its adequacy or accuracy.
