NW_20001031_en_Intel and VASCO Form Global Security Alliance

October 31, 2000

BRUSSELS, Belgium – October 31, 2000 – Intel Corporation (NASDAQ: INTC; www.intel.com), the world's largest chip maker and a leading manufacturer of computer, networking and communications products, and VASCO (NASDAQ & EASDAQ: VDSI; www.vasco.com), a global provider of enterprise-wide security solutions, today announced a worldwide alliance. As part of the agreement, Intel will integrate VASCO’s Digipass® family of strong authentication and digital signature products into Shiva® Access Manager (SAM) 5.0, Intel’s remote access authentication, authorization and accounting solution, as well as future releases. In addition, VASCO will develop a security management solution for SAM 5.0 and future releases.

Mario Houthooft, President and CEO of VASCO, noted that “our partnership with Intel follows and complements our worldwide partnerships with other leading networking companies such as Check Point and Novell. We expect the agreement to increase our sales of Digipass through the Intel worldwide reseller channel as well as directly to SAM 5.0 customers. Organizations seeking effective and affordable remote access security can now choose an integrated solution from two market leaders.”

Shiva Access Manager is a remote access authentication, authorization and accounting solution for Windows NT or UNIX platforms, and supports both RADIUS and TACACS+ protocols for interoperability with leading remote access servers and third-party security solutions. With thousands of installations of Shiva Access Manager worldwide, Intel is one of the leading providers of remote access security for corporate networks. VASCO’s Digipass is a family of strong authentication and digital signature devices that replace vulnerable static passwords with strong, two-factor authentication security, providing a much higher level of protection for corporate networks. With millions of users and 500 customers in over 50 countries, VASCO is a world leader in security solutions that protect sensitive data and transactions, and which help safeguard the personal identities of online users.

Introduced in January 2000, SAM 5.0 features numerous key benefits for network and security administrators. New features in Intel's management software include cross-platform support for both Windows NT or UNIX, an embedded database for faster and more reliable performance, and new tools for simplified administration. SAM 5.0's performance has also increased to approximately 200 user authentications per second, significantly expanding the number of users able to log on simultaneously during peak access periods. Also, by monitoring usage and available bandwidth, network managers can use SAM 5.0 to help implement policy management across the network as well as regulate and prioritize user access.

VASCO’s Digipass family of authentication and digital signature devices include the Digipass 100 smart card, Digipass 300, Digipass 500, Digipass 600 for combined physical and network access in one device, Digipass 700 for securing complex financial transactions, and the Digipass 800, a handheld “security portal” that gives any smart card holder strong authentication and digital signature capability, eliminating the need for a separate smart card reader. VASCO recently introduced a Digipass 800 that is compatible with any of the 62 million smart cards issued by Proton World, allowing any Proton cardholder worldwide to perform multiple-application smart card transactions anywhere, anyhow, and at any time, with complete security. All Digipass devices interoperate and provide organizations with flexibility and affordability in authenticating users to the corporate network.

About Intel
Intel, the world's largest manufacturer of microprocessors, is also a leading manufacturer of computer, networking and communication products. Additional information about Intel is available at www.intel.com.

VASCO secures the enterprise from the mainframe to the Internet with infrastructure solutions that enable secure e-business and e-commerce, protect sensitive information, and safeguard the identity of users. The company’s family of Digipass™, VACMAN®, and SnareWorks™ products offers end-to-end security through true Single Sign-On, access control and advanced entitlements, web portal security, strong user authentication, and PKI enablement, while sharply reducing the time and effort required to deploy and manage security. VASCO’s customers include hundreds of financial institutions, blue-chip corporations, and government agencies in more than 50 countries, among them ABN AMRO Bank, Shell, 3M, Ericsson, Rabobank, SEB, First Union, Liberty Mutual, Cable and Wireless, Nokia, DaimlerChrysler,
Volvo, US Department of Defense, European Commission, US Coast Guard, University of Groningen, and Duke University. VASCO’s partners include Check Point Software Technologies, Computer Associates, Intel, Lernout & Hauspie, Novell, Proton World, and Ubizen. More information is available at www.vasco.com...

Forward Looking Statements
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as “believes,” “anticipates,” “plans,” “expects,” and similar words, is forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.

Reference is made to the Company’s public filings with the US Securities and Exchange Commission for further information regarding the Company and its operations.

For more information please contact:

Media: Kerry Roche, Bridgeman Communications, +1 617 742 7270, [email protected]
Investor Relations: Todd Fromer, KCSA Public Relations Worldwide, +1 212 682 6300, [email protected]
VASCO: Mike Lange, +1 630 932 8844, [email protected]

Media (Benelux): Bob Pieters, Anthonissen & Associates, +32 3 286 7777, [email protected]
Media (Europe/Asia): Sven Kersten, HBI, +49 89 99 38 87 33, [email protected]
Investor Relations: Annemieke Blondeel, LBConsult, +44 208 308 7080, [email protected]
VASCO: Ariane Bosmans, +32 2 456 9810, [email protected]