Storewell AS to launch portable biometric data security solution from Loqware Technologies

Storewell AS to launch portable biometric data security solution from Loqware Technologies Gothenburg May 7, 2002 - Further expanding its position in the storage solutions market, Storewell AS has been named the Norwegian distributor for Loqware Technologies AB, the Swedish manufacturer of the world's first biometrically secured hard disk drive, called LoqDrive 250 SPR. The LoqDrive 250 SPR is a secure portable hard disk, and is accessed through a biometric fingerprint sensor, located at the topside of the product. The product, with its security nestled in its i-Loq technology, enables secured communication between the fingerprint sensor and the controller board. Equipped with an electronic security lock combined with a biometric fingerprint authentication system, the LoqDrive runs independently of the computer's operating system, BIOS, or application software, and operates through a USB interface. The product is shipped in 10 GB, 30GB, and 40Gb storage sizes. No software or drivers needs to be installed on the computer, which makes the LoqDrive ideal for mobile use. "Our goal at Loqware was to develop a functional yet easy method of tackling the problem of lost and compromised data, in the office or on the go. When 70% of computer crime consists of inside jobs, and while 97% of stolen computers are never found, it stands to reason that we must protect the most vital element of any PC system, and that's the stored data. With the LoqDrive 250 SPR, the impact of any lost or stolen computer equipment is at least dampened with the knowledge that the information taken is inaccessible," said Kenneth Hübner, Sales Manager at Loqware Technologies. "Storewell has a reputation for superior service to their vendor partners. The quality of their products and service helps to develop and apply optimal channel strategies for their partners. This kind of competence is what really appealed to us about Storewell. A service- minded national distributor, well liked and respected, makes an incalculable difference as far as partner relations are concerned. We at Loqware are pleased to be in such good company, and look forward to work with Storewell," said Hübner. About Loqware Technologies AB Loqware Technologies AB is a Gothenburg, Sweden based company with global operations. Based on its own research and development work, Loqware has developed an electronic security lock. The core technology, the i-Loq, takes up a very small space and is easy to integrate with most electronic hardware products. Loqware's security technology can be used in computers, networks, passage systems, mobile telephony, and for banking and business security, where security requirements are very high. The company's board consists of the Chairman Carl-Göran Myrin, the former chief executive of Siemens Sweden; Ivan Öfverholm, former managing director of Saab Ericsson Space; Svante Carlsson, professor of computer sciences; Lars Grundin, founder of Loqware, and President Mikael Institoris. About Storewell Storewell AS is a Nordic data distributor and resource centre for data storage and multimedia products. The product range spans from single DVD/CD-RW products to advanced disk- and backup systems with almost unlimited capacity. Through focusing is in the lead when it comes to knowledge, technology and customer service in data storage and multimedia. Storewell has administration and logistics in Kongsvinger, Norway and sales- and marketing situated in Oslo, Norway and Helsinki, Finland. For further information, please contact: Kenneth Hübner Jannicke Stenberg Sales Manager Loqware Technologies Product Manager Storewell AS Phone +46 31 704 60 29 Phone: +47 23 17 82 00 Mobile +46 705 580 800 Mobile: +47 95 17 52 02 kenneth.hubner@loqware.com Jannicke.stenberg@storewell.no www.loqware.com www.storewell.no ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/05/07/20020507BIT00860/wkr0001.doc http://www.waymaker.net/bitonline/2002/05/07/20020507BIT00860/wkr0002.pdf