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| MaskTech Group Acquires Stake in Smart Card Software Specialist Cellnetrix Technology Nuremberg - November 14th, 2011 Nuremberg based MaskTech Group, a leading independent provider of highly secure embedded products, has finalized a stake acquisition in Cellnetrix Technology to become the largest shareholder of the company. Headquartered in Zelenograd, a satellite city of Moscow, Cellnetrix Technology develops secure embedded software for various telecom applications and provides consultancy services Operating mostly as an OEM software development company, Cellnetrix has become a reliable partner for more than 30 businesses in the different parts of the world. Following the growing demand for embedded security Cellnetrix from the very beginning focused on secure embedded operating systems based on Java technologies and related trusted applications. Today the company is reckoned among a very few independent developers in the world able to license its smart card technology to a wide range of market players: silicon and smart card manufacturers, software developers, integrators and service providers. The strategic partnership agreement that accompanied the deal will allow both companies to operate effectively on the growing market and join the efforts in development of modern highly sophisticated secure solutions for ID and Telecom markets. The two companies are addressing the increasing demand for embedded, certified to a very high security levels like Common Criteria EAL4+, products in various application domains and aim to be ranked among the leading independent providers in the world in offering highly reliable embedded security solutions and services. Through this partnership, MaskTech and Cellnetrix Technology are able to streamline their existing product portfolio, cooperate in development, marketing and sales activities. “Our two companies perfectly complement each other from the marketing point of view”, said Matthias Duensser, CEO of MaskTech. “By becoming a participating partner at Cellnetrix Technology we are eager to combine our products and technology know-how for the benefit of our customers”. “We are pleased to welcome a partner and a strategic investor with the very broad expertise in ID domain“, said Vladimir Nagin, CEO and co-founder of Cellnetrix Technology. “We really hope that such move will allow us to extend significantly our product portfolio and services proposition and to support our clients better worldwide”.
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| About MaskTech About Cellnetrix Technology Cellnetrix Technology is a developer and provider of secure embedded solutions and technologies that help making wireless mobility and Internet services more reliable and secure. The company implements software on different hardware platforms and delivers industry-grade secure smart card operating system CellSIM OS targeted for universal subscriber identity modules (USIM) and other secure network-connected devices, develops secure smart card-centric value-added applications, provides consultancy and technical support services. Embedded software provided by Cellnetrix is fully based on inter-industry standards such as ISO, ETSI, Global Platform, OMA and widely adopted Java programming language.
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