Diversinet Awarded New Patent
Unique method provides greater security and efficiency for consumer identity
authentication products, this is the fourth patent awarded to Diversinet
TORONTO, ON, September 14, 2006 - Diversinet Corp. (OTCBB: DVNTF), a leading
provider of authentication security solutions, today announced it has been awarded a new
patent by the U.S. Patent and Trademark Office (www.uspto.gov) for a method of
establishing secure communications in a digital network using pseudonymic digital
identifiers (patent number 7,103,774). Pseudonymic digital identifiers are random strings
of numbers that act as an alias for a user name. This method uses the unique numeric
scheme as a digital identity to identify both individuals and servers; it helps provide both
greater security and efficiency in the authentication process of verifying a user's
identification. Many businesses today are concerned about ensuring the authentication of
customer identities for transactions such as online banking and account access. They
want to prevent the costs and inconvenience associated with identity theft, comply with
regulations, and add new service revenue streams.
Greater privacy protection is achieved by using this number identifier instead of a realworld
identity such as a name. This method allows anonymous transactions to be
conducted and authenticated more securely by concealing the real person's identity. Also,
the use of a more compact numeric digital identifier provides a low overhead method to
authenticate the identity of a user, this is useful in bandwidth-constrained networks such
as a wireless network, or on storage constrained devices such as a smart card, a mobile
phone or an RFID device. Diversinet plans to use this patented method in future
MobiSecure or MobiSecure Token Wallet products and for IP licensing. This is the fourth
patent to be awarded to the company.
"Diversinet continues to focus our research and development efforts in order to bring
innovative authentication products to the marketplace. This patent will allow Diversinet
to monetize our IP through licensing opportunities and, we believe, bring value to
customers and shareholders," said Nagy Moustafa, CEO of Diversinet. "As a pioneer in
the authentication security and mobility areas, we see our IP as a strength allowing us to
bring unique products to market and support emerging consumer authentication and
transactions needs."
