Department of Defense Awards Enhanced Crypto Card Development Contract to SafeNet; $7.7M Contract to Develop Cryptographic Modernization FORTEZZA Plus Crypto Card

BALTIMORE--()--March 14, 2005--SafeNet, Inc. (NASDAQ:SFNT), setting the standard for information security, announced that it's subsidiary, Mykotronx, Incorporated (A SafeNet Company), was awarded a contract from the Department of Defense (DOD) to develop the Enhanced Crypto Card (ECC). The ECC is the next-generation version of SafeNet's highly successful FORTEZZA Plus Crypto Card. Like FORTEZZA Plus, the ECC is a PC Card that provides all cryptographic functions when plugged into the U.S. Government's secure telephones--called the Secure Terminal Equipment (STE). The STE is used throughout the Departments of Defense, Homeland Security, US Intelligence Community, as well as the US Government's international partners.

"To date, the U.S. Government has ordered approximately 200,000 FORTEZZA Plus cards. We are excited about the new ECC because it will have enhanced capabilities that meet the requirements of the Cryptographic Modernization program, with expanded card applications," said John Droge, Vice President Business Development for SafeNet.

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. ARM, Bank of America, Cisco Systems, 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.

Editor's Note: SafeNet is a registered trademark of SafeNet, Inc.

Contacts

SafeNet, Inc.
Maureen Kolb, 443-327-1238
mkolb@safenet-inc.com
www.safenet-inc.com

Contacts

SafeNet, Inc.
Maureen Kolb, 443-327-1238
mkolb@safenet-inc.com
www.safenet-inc.com