ShieldIP Granted Patent For Core Technology

NEW YORK, NY, February 24, 2004– ShieldIP, Inc., a provider of flexible Digital Rights Protection (DRP) solutions, today announced that it has been granted a patent for methods and apparatus for protecting information by the U.S. Patent and Trademark Office.

"This patent is the first in a series of patents that allow ShieldIP to build a future suite of DRP products,” said Yossi Beinart, CEO and President of ShieldIP. “We designed and built our technology to solve one of the most important problems facing technology companies, the protection of their intellectual assets,” commented co-founder, Michael Rabin, ShieldIP Co-founder and a leading cryptography and computer security expert.

“Our objective was to simplify the process so developers could sell software in a variety of channels with the assurance that software licenses are being respected. This is all done without the use of key disks, unlocking codes, digital wrappers or hardware tokens and without changing the software. On the end-user side, the system respects fair use and privacy while allowing software license agreements to be easily managed by licensed users. We feel like we have come up with the right solution,” said Rabin.

About ShieldIP
ShieldIP is a provider of Digital Rights Protection (DRP) technologies for independent software vendors and content vendors, offering end-users transportable licensing options, fair use and privacy. Solutions target software and content developers who are concerned about software piracy and illegal use of their digital content. ShieldIP, a privately held company, is headquartered in New York with Business Development offices in Silicon Valley. The lead investor is Charter Venture Capital of Palo Alto, California. Customers include a broad range of Independent Software Vendors (ISVs) and content vendors within the consumer and business spaces. ShieldIP is building strategic partnerships with operating system and computing platform providers. For more information please visit www.shieldip.com

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