Press Release
ASSA ABLOY adopts CoreStreet's Credential Technology
NEW ORLEANS, Louisiana—ASIS International 2003 (September 15, 2003)
ASSA ABLOY today announced its partnership with CoreStreet, a leading provider of validation and authorization technology. 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.
“We are thrilled to be working with ASSA ABLOY on developing the worlds most secure and versatile door locks,” said Phil Libin, president of CoreStreet. “With increases in security necessitated by global events, CoreStreet has taken security to new heights by providing companies such as ASSA ABLOY with the most scalable, secure and cost effective validation software for connected and disconnected environments.”
CoreStreet’s Real Time Credential (RTC) technology 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.
About ASSA ABLOY
The ASSA ABLOY Group is the world’s leading manufacturer and supplier of locking solutions 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.
About CoreStreet
Bridging the security gap between physical and information security, CoreStreet provides the only secure authorization and validation technology for connected and intermittently connected environments. Combining security, safety and convenience, CoreStreet enables organizations to grant or revoke an individual's access rights to buildings, computer networks, laptops, or wireless devices immediately in real time. The company, headquartered in Cambridge, MA, holds 14 patents with more pending.
CoreStreet and Real Time Credentials are trademarks of CoreStreet Ltd.
