Validian's Biometric Media Seal is a first-to-market solution designed to prevent hacking, theft and piracy of films and music during the production and post-production process
OTTAWA, January 30, 2007 - Validian Corporation (OTC BB: VLDI), a leader in the development of application security software and solutions, today announced the introduction of its new anti-piracy solution, Validian Biometric Media Seal (BMS). Validian's BMS is a first-to-market solution, designed and developed specifically to prevent hacking, theft and piracy of digital media including films, videos, television programs and music during the production and post-production process.
Commenting on the announcement, Bruce Benn, President & CEO of Validian Corporation, stated, "Piracy of feature films often can be traced back to non-secure production and post-production processes. As the digital media industry further embraces digital media processing, electronic transfers, and digital projection and playback, the security vulnerabilities inherent in the electronic storage and movement of high-value digital assets multiply the risks of disclosure and theft."
When left unaddressed, piracy risks can have important ramifications for the returns of businesses that participate in the digital media industry. According to the Motion Picture Association of America, piracy and hacking of digital movies and videos cost the industry over $6 billion in lost revenues and damage last year in the U.S. alone. Similarly, according to the Recording Industry Association of America, piracy of music has caused the industry annual losses of $4.7 billion.
Validian's Biometric Media Seal solution enables post-production houses, studios and production companies to:
Validian's BMS solution includes secure USB devices which integrate fingerprint scanning, media file transfer and tracking applications, and secure storage in a highly portable form factor. The solution also includes advanced back-end infrastructure that automates most security operations (key generation and distribution, etc.) and automatically tracks file events for all media files on a project. The easy-to-manage infrastructure can be hosted at the customer site or with third-parties.
Validian is providing an advanced preview of this new solution at the Hollywood Post Alliance 2007 Technology Retreat from January 30th to February 2nd to the community of businesses and professionals who provide production and post-production services to the digital media industry.
Validian's BMS solution will be generally available to customers in the second quarter of this year.
About the Hollywood Post Alliance
The Hollywood Post Alliance is the trade association representing the Southern California-based professional community of businesses and individuals who provide expertise, support, tools and the infrastructure for the creation and finishing of motion pictures, television, commercials, digital media and other dynamic media content. For more information on the Hollywood Post Alliance 2007 Technology Retreat, please visit:
http://www.hpaonline.com/mc/page.do?sitePageId=21462.
About Validian
Validian Corporation provides comprehensive solutions for the protection of digital information and content while in transit and at rest. Validian solutions can be customized rapidly to the business processes and work flow of the organization to ensure the end-to-end authenticity, integrity and custody of its high value digital assets. A U.S. corporation, Validian has offices in the U.S, Canada and Switzerland.
Safe Harbor Statement
Validian Corporation is a leader in the research and development of innovative application-security and secure data-exchange software and solutions for public and private enterprises. Validian ASI⢠is a software-only development and deployment environment that enables secure data exchange to be integrated directly into applications rapidly and easily, lowering development costs. ASI protects against attacks by authenticating applications, and encrypting and decrypting data within applications to ensure data exchanged between trusted applications is always encrypted and never travels in the clear. Cost-effective, simple-to-deploy and easy to manage, Validian solutions also facilitate security audit compliance. A U.S. corporation, Validian has offices in the United States, Canada and Switzerland.
Investor Relations Contact:
Bruce Benn
Validian Corporation
(613) 230-7211 x226
bruce.benn (at) validian (dot) com