ASSA ABLOY adopts CoreStreet's Credential Technology

15 Sep 2003

CoreStreet, headquartered in Cambridge, Massachusetts will work with ASSA ABLOY to embed CoreStreet's Real Time Credential Technology (RTC) in ASSA ABLOY's door locks for access control validation. The manufactured product will be the world's first physical access system that provides real time authentication, revocation and auditing for wired, wireless and even totally disconnected environments. The products will be based on ASSA ABLOY Group company Timelox's well-reputed electronic platform.
 
The products will be manufactured, licensed and distributed worldwide through the companies of the ASSA ABLOY Group. By allowing locks to be securely controlled without a physical connection, the new product will be applicable to everything from traditional office buildings to campuses, airplane doors and even cargo containers.
 
CoreStreet's Real Time Credential Technology (RTC) works by sending small codes - as little as 20 bytes - called "proofs" to establish credential validation. The proofs can be used to determine the validity of a digital certificate or establish individual privileges or access rights. By eliminating the need for costly security measures such as encryption, server protection, and secure communication lines, CoreStreet's products greatly reduce installation, infrastructure and maintenance costs for security. This enables sophisticated cryptographic techniques once considered too slow and costly for mainstream applications to be embedded universally in millions of everyday devices.

Further information can be obtained from <br> Göran Jansson, Executive Vice President and Chief Financial Officer, tel: +46 70 698 85 72 <br> <br> ASSA ABLOY AB (publ) <br> Box 70340, SE 107 23 Stockholm <br> Tel: +46 8 506 485 00 <br> Fax: + 46 8 506 485 85 <br> www.assaabloy.com <br> <br> The ASSA ABLOY Group is the world's leading manufacturer and supplier of locking solutions <br> dedicated to satisfying end-user needs for security, safety and convenience. The Group has about 30,000 employees and annual sales of approximately EUR 3 billion.