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Mississauga, Ontario (October 22, 2008) – Certicom Corp. (TSX: CIC) today announced the election of J. Ian Giffen to its board of directors. “Ian Giffen brings impressive technology and financial expertise to the board,” said Jeffrey S. Chisholm, Chairman of the Board of Certicom. “We believe his experience and his many relationships in the high tech community will serve Certicom well as the company evolves into a supplier of comprehensive security solutions on a global scale.”
Mr. Giffen is a chartered accountant with an extensive technology background. Since 1996 he has acted as a senior advisor and Board member to software companies and technology investment funds. From 1992 to 1996, Mr. Giffen was Chief Financial Officer at Alias Research Inc., until it was sold for approximately $500 million. Mr. Giffen is currently Chairman of the Board of Descartes Systems Inc. and a director of MKS Inc., Corel Corporation Inc. and Ruggedcom Inc.
Mr. Giffen was elected at the Corporation’s Annual General Meeting of Shareholders held on September 24, 2008.
About Certicom
Certicom manages and protects the value of content, applications and devices with government-approved security. Adopted by the National Security Agency (NSA) for government communications, Elliptic Curve Cryptography (ECC) provides the most security per bit of any known public-key scheme. As the global leader in ECC, Certicom’s security offerings are currently licensed to hundreds of multinational technology companies, including IBM, General Dynamics, Motorola, Oracle and Research In Motion. Founded in 1985, Certicom’s corporate offices are in Mississauga, Ontario, Canada with worldwide sales and marketing headquarters in Reston, Virginia and offices in Europe and Asia. Visit www.certicom.com
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Certicom Safe Harbor Statement
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Forward-looking information includes information concerning Certicom's future financial performance, business strategy, plans, goals and objectives. When used in such documents, the words "plans", "expects", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "will", "believes" or variations of such words and phrases often, but not always, identify forward looking statements. Factors which could cause actual results or events to differ materially from current expectations include, among other things: the ability of Certicom to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits; the ability of Certicom to develop, promote and protect its proprietary technology security breaches or defects in Certicom's products; competitive conditions in the businesses in which Certicom participates; changes in consumer spending; the outcome of legal proceedings as they arise; general economic conditions and normal business uncertainty; consolidation in Certicom's industry and by its customers; customer preferences towards product offerings; the risk that customers may cancel their contracts with Certicom; reliance on a limited number of customers; demand for ECC-based technology; performance of Certicom's management team and Certicom's ability to attract and retain skilled employees; operating Certicom's business profitably; fluctuations in revenue and foreign currency exchange rates; interest rate fluctuations and other changes in borrowing costs; the ability to develop and maintain strategic relationships; and other factors identified under the heading "Risk Factors" in Certicom's annual information form dated July 21, 2008 and filed on SEDAR at www.sedar.com.
Media Contact:
John Callahan
Certicom
703-234-2357
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