NW_20011113_en_VASCO sells over 800,000 Digipass 800 in 1 year_ further extension of dominance in financial sector

November 13, 2001

OAKBROOK TERRACE, Illinois and BRUSSELS, Belgium – November 13, 2001 – VASCO (Nasdaq NM & Nasdaq Europe: VDSI; www.vasco.com), a global provider of enterprise-wide security products that support e-business and e-commerce, today announced that it has sold more than 800,000 units of its award winning Digipass 800 since its launch in Q4 2000. This is an absolute record for a single member of the Digipass family in VASCO’s history. The Digipass 800 is used by several top tier banking institutions worldwide and is strongly appreciated by the banks and their clients for securing full access to financial applications on the existing banking network via an existing smart card, in a flexible, easy to use and cost-effective way. At this moment, over 170 financial institutions worldwide use VASCO’s products. VASCO has further extended-s its leadership in the financial sector by developing new products based on the successful DP 800-formula. Recently, VASCO launched Digipass 850, a connected version of DP 800 that offers a unique combination of anywhere, anytime portability with USB connectivity.

The Digipass 800 is a secure, intelligent, universal platform that extends strong authentication and digital signature capabilities to all market-leading smart cards, enabling existing smart card environments to give safe and flexible access to banking applications. As a hand-held and platform-independent device, the Digipass 800 functions as a fully portable “security portal” that eliminates the need for a smart card reader and software for any smart card holder.

“With Digipass 800, VASCO successfully anticipated the explosive growth of the worldwide smart card market” said Jan Valcke, Executive Vice President for Sales and Marketing for VASCO. “Our banking clients fully appreciate the fact that Digipass 800 allows their customers to have secure access to the banking applications they need, on the existing IT infrastructure via their existing smart card. The current economic climate urges all types of companies around the globe to search for cost effective security products such as the Digipass 800. We predict that more and more banks and other institutions will start using Digipass 800 in the short term. To achieve this goal we have reinforced our partner-network dramatically, joining forces with leading companies in the smart card sector, such as Europay-Mastercard.”

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® and VACMAN® products offers end-to-end security through strong authentication and digital signature, enterprise Single Sign-On, and LAN security, 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. 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 contact:
Jochem Binst, +32 2 456 9810, [email protected]
Investor Relations:
Annemieke Blondeel, Americas +1 630 932 8844, Europe +44 20 8308 7080, [email protected]