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UK's leading encryption company opens first U.S. office at the Chesapeake Innovation Center, with support from the Greater Washington Initiative and UK Trade and Investment
Annapolis, MD & Berkshire, UK (June 3, 2005) - - - BeCrypt, the UK's largest encryption specialist, today announced the opening of its U.S. operations at the Chesapeake Innovation Center (CIC), Anne Arundel County's business incubator located in Annapolis, Maryland.
BeCrypt is the first British company to join the (CIC), the first business incubator in the country to focus on technology for the homeland security and defense sectors. As an initiative of the Anne Arundel Economic Development Corporation, and a partner of the National Security Agency (NSA), the CIC will support and strengthen BeCrypt's push into both government and commercial organizations in North America.
"I am proud to welcome BeCrypt to Anne Arundel County," said Anne Arundel County Executive Janet S. Owens. "The opening of BeCrypt's U.S. operations at the Chesapeake Innovation Center is an important continuation of our effort to strengthen international business development in our county."
BeCrypt's range of high-level full disk encryption products for PCs, laptops, PDAs and removable media devices are already used by more than 200 government and commercial enterprises across Europe to protect sensitive, restricted and confidential information. The company plans to hire several new employees within the next year to establish its new U.S. operations, which will provide encryption products to the North American market.
"Data security is critical to the operations of the defense and homeland security sectors," said Peter Jaco, President & CEO of BeCrypt Inc. "From first responders to immigration officers, it is essential that data is secured to the highest degree, whether that information sits on a server or an individual's laptop. When dealing with citizens' personal details or official records, any leak is serious and could jeopardize individual or national security. We can eliminate that risk, enabling organizations to centrally control, implement and enforce security policies with our range of enterprise encryption products."
"BeCrypt is a British success story that is now in a strong position to help North American organizations," said Terry Shear, the Vice Consul of Trade, UK Trade & Investment at the British Embassy in Washington, D.C. "It is a significant milestone for the first British company to be brought into the Chesapeake Innovation Center. The launch of BeCrypt Inc. is timely, and brings important encryption technology into the U.S. defense, homeland security and commercial sectors."
Anne Arundel County works closely with the Greater Washington Initiative (GWI), the regional economic development marketing organization for the Washington, D.C. area. GWI provided BeCrypt with strategic support and advice in helping to establish its U.S. business.
"We are delighted to welcome BeCrypt to the Greater Washington Area and pleased to support a company of this caliber with its American launch," said Tim Priest, GWI's Interim Managing Partner.
"BeCrypt's extensive customer base in Europe proves the value of its encryption technology," said John Elstner, CEO of the Chesapeake Innovation Center. "There is a vast need for the company's technology in North America and the CIC hopes to open doors for BeCrypt with our corporate and government partners."
About UK Trade & Investment
UK Trade & Investment is the British Government's international business development agency. It supports companies in the UK doing business internationally, and overseas enterprises seeking to establish a market footprint in the UK. The integrated services offered by UK Trade & Investment bring together a network of business sector specialists and support teams in over 200 British embassies and Foreign and Commonwealth Office (FCO) posts overseas, as well as key experts in government departments across the UK. www.uktradeinvestusa.com
About the Chesapeake Innovation Center
America's first business accelerator for the homeland and national security sectors, the CIC harnesses the power of entrepreneurship to enhance our nation’s technological edge. A public-private partnership initiated by the Anne Arundel Economic Development Corporation, the CIC is a driving component of Maryland's emerging "Informatics Corridor." CIC partners include Northrop Grumman, BearingPoint, Next Century Corp. and the National Security Agency. Among the Center's sponsors are DLA Piper Rudnick Gray Cary US LLP, American Express Tax and Business Services, M&T Bank, Kelly FedSecure, and Whiteford Taylor and Preston. The Center's resident member companies offer a range of security and informatics technologies and services. www.cic-tech.org
About the Greater Washington Initiative
The Greater Washington Initiative (GWI) is the regional economic development marketing organization that promotes the area encompassing the District of Columbia, Northern Virginia and Suburban Maryland as a premier business location. GWI is an affiliate of the Greater Washington Board of Trade ( www.bot.org.) www.greaterwashington.org
About BeCrypt
BeCrypt Limited was formed in 2001 to meet the growing demand for high-level computer encryption products in the international government and corporate marketplace. The company is now the UK's largest specialist encryption software company and a leading provider of enterprise encryption and security products designed to fully protect all corporate data. BeCrypt products protect customers in a number of key UK government areas including: central and local government, the military and defense sector, law enforcement and transportation. The company also services the commercial sector with key customers in financial services, pharmaceutical, insurance and banking sectors.
BeCrypt's Disk Protect and PDA Protect products have been designed to meet stringent government security standards and have been approved by the UK Government’s Information Assurance group, the Communications Electronics Security Group (CESG) within GCHQ. This approval ensures BeCrypt products have met the needs of Government level security policy and standards without compromising usability.
BeCrypt has won an award from the Department of Trade and Industry for innovative technology and has patents pending on a number of unique encryption technologies. www.becrypt.com
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