Press Release
CoreStreet Chosen Recipient of 2003 Frost & Sullivan Technology Innovation Award
Company Chosen for Ground-breaking Security Technology
CAMBRIDGE, MA (January 20, 2004)
CoreStreet, a leading provider of validation and authorization technology, today announced that it received the 2003 Frost & Sullivan Technology Innovation Award for Homeland Security and Homeland Defense, for its Real Time Credential Validation Authority (RTC VA) solution. In choosing CoreStreet, Frost & Sullivan credited the company for developing a technology that facilitates the convergence of secure physical and logical access control, while eliminating the need for much of the costly network and security infrastructure of earlier generation systems.
“Frost & Sullivan is pleased to name CoreStreet as the 2003 Technology Innovation Award recipient in the Homeland Security and Homeland Defense Markets because their Real Time Credential Validation Authority is the most innovative and practical product of the year, it’s that simple,” according to Winn Harden, aerospace and defense analyst. “Government, financial services, healthcare related agencies and other global 1000 companies will find the RTC VA a perfect complement to authentication products already in place.”
Frost & Sullivan presents the Technology Innovation Award every year to the company that has demonstrated technological excellence within its industry. The recipient company has greatly enriched the industry by making notable product performance contributions and providing a new vision of security.
“CoreStreet is honored to be chosen by Frost & Sullivan for technology innovation when there were many companies in the security software industry that made worthy contributions in 2003,” said Phil Libin, president of CoreStreet. “CoreStreet is the only software company to offer a cost-effective solution for the government and global 1000 companies that answers the simple question of whether or not an individual is authorized access to a military installation, building, computer network or laptop or wireless device.”
CoreStreet’s RTC VA works by sending small codes—as little as 20 bytes—called ‘proofs’ to establish certificate validation. The proofs can be used to determine the validity of a digital certificate or establish individual privileges or access rights. Unlike previous public key infrastructure (PKI) implementations, the RTC VA does not require secure responders. By eliminating the need for costly security measures such as encryption, server protection, and secure communication lines, the RTC VA greatly reduces implementation and maintenance costs for PKI security.
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. For more information, visit www.corestreet.com.
CoreStreet and Real Time Credentials are trademarks of CoreStreet Ltd.
