Jian Tan of Guardtime Awarded 2M RMB to Increase Transparency and Security in China's Communication Networks

PALO ALTO, CA--(Marketwire - Oct 2, 2012) -  Guardtime today announced that its China General Manager Jian Tan has been awarded the 2M RMB (approx. U.S. $317,000) Shanglin prize from the ZheJiang Cixi government to help establish Keyless Signature Infrastructure in China.

Keyless Signatures provide proof of origin and that not a single bit has changed since a specific point in time. The verification of the signature can be done offline without reliance on keys, secrets, or the existence of a trusted third party.

"The Shanglin prize is very prestigious and we are thrilled to be the first foreign company to be awarded the prize," said Jian Tan, General Manager of Guardtime China.

Jian Tan added, "The 2M RMB award will allow us to accelerate Guardtime's vision of bringing transparency and security to China's communication networks. With Keyless Signatures integrated tightly with messaging protocols it is possible to provide a completely independent audit trail for machine to machine and human communication removing any doubt about the integrity, time and origin of the communicated data. "

Wang Liyun, Chair of the Shanglin nomination committee, said, "Keyless Signature Infrastructure is a revolutionary technology with the potential to greatly advance the transparency and security of China's communication networks. Mr. Jian Tan, Chief Executive of Guardtime China, is a skilled entrepreneur and we are delighted to award him and Guardtime China the Shanglin prize."

Guardtime CEO Mike Gault said, "Guardtime recently joined the Global Cloud Network of infrastructure and software companies including Joyent, Fixmo and Voxeo labs that are dedicated to building a next- generation cloud infrastructure for mobile first markets such as China and winning this award reiterates the importance placed on transparency and security."

About Guardtime
Guardtime was founded with the goal of solving one of the biggest problems in computing: how to be sure electronic data is authentic. Guardtime's Keyless Signatures provide proof of signing time, entity and integrity of data. The verification of the signature can be done offline without reliance on keys, secrets, or the existence of a trusted third party. Visit http://www.guardtime.com for more information.

About Shanglin
The Shanglin prize is provided by the CIxi government in Zhejiang province yearly to award the top entrepreneurs in China who show great potential with unique technologies that can help accelerate China's economic progress. The prize includes 2M RMB award along with numerous commercial benefits. For more information visit: http://slyc.cixi.gov.cn/chinese/newsinfo.asp?id=32.