NW_20040414_en_VASCO Launches Digipass 585

OAKBROOK TERRACE, Illinois and BRUSSELS, Belgium – April 13, 2004 - VASCO (Nasdaq: VDSI; www.vasco.com), a global provider of enterprise-wide security products that support e-business and e-commerce, today announced that it has launched Digipass 585, a portable strong authentication token for the banking, e-commerce and Corporate Network Access markets.

Digipass 585 combines the flexibility and ease of use of a one-button token such as Digipass G03 with the wide array of functionalities and applications of classical Digipass tokens for the banking world such as Digipass 300, 700 and 580.

When closed, the Digipass 585 can be used as a one-time password generator. An extended help function can also be added, allowing end users, banks or corporations to store data such as the telephone number of the bank’s help desk, or the bank account number of the end user in the Digipass.

When the Digipass is opened, it displays every function of a full-featured banking Digipass, including a keyboard, PIN protection, one-time password and digital signature functionalities.
Digipass 585 is capable of supporting complex character sets such as traditional and Mandarin Chinese, Thai and Cyrillic (Russian) characters. This is important for markets requiring Digipass instructions or “prompts” presented in their local languages.

“With Digipass 585, we add a multi-purpose, all terrain strong authentication token to our Digipass family,” said Jan Valcke, VASCO’s President and COO. “Digipass 585 can be used in conjunction with every other Digipass model, be it hardware or software, smart card enabled or one-button. We are convinced that Digipass 585 will prove to be a commercial success. At this very moment, the first banks have already purchased the product.”

About VASCO: VASCO designs, develops, markets and supports patented “Identity Authentication” products for e-business and e-commerce. VASCO’s Identity Authentication software is delivered via its Digipass security products, small “calculator” hardware devices carried by an end user, or in a software format on mobile phones, other portable devices, and PCs. For user access control, VASCO’s VACMAN products guarantee that only designated Digipass users get access to the application. VASCO’s target markets are the applications and their several hundred million users that utilize fixed passwords as security. VASCO’s time-based system generates a “one-time” password that changes with every use, and is virtually impossible to hack, or break. With over 10 million Digipass products sold and ordered, VASCO has established itself as a world-leader for strong Identity Authentication with 270 international financial institutions, approximately 1400 blue-chip corporations, and governments representing more than 60 countries.

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]