Eyes The Growing IT Security Products And Solutions Markets In Southeast Asia
News Release – November 15, 2010
(Hong Kong, 14 November 2010) – Automated Systems Holdings Limited (“the Group” or “ASL”) (SEHK stock code: 771), a leading IT services provider in Hong Kong, announced that it has been granted an exclusive distributorship outside the PRC for YESKEY, a two-factor authentication (“2FA”) solution. The distribution rights were provided through a Supply Agreement and Distributor Agreement signed with Beijing Teamsun Technology Co., Ltd (“Teamsun”) (SHSE stock code: 600410), its ultimate controlling shareholder. The agreement allows ASL to further seize the growing regional IT security demand, including 2FA, generally driven by regulation, remote access and new delivery models for services, such as cloud computing and software-as-a-service.
YESKEY is among the most cost-competitive and strongest authentication solution, offering enterprises a wide range of user authentication options to help effectively identify users anytime, anywhere before they access to mission-critical data and applications through mobile phones, email, desktops, web servers, and other network resources on heterogeneous IT platforms. It also complies with both international standard algorithms as well as the PRC national security standards. It has obtained certification of the State Cryptography Administration (國家密碼管理局). YESKEY has been widely adopted by enterprises, including Government organizations and a leading financial institution in the PRC that require high-level security control.
Mr. Lai Yam Ting, CEO of Automated Systems Holdings Limited, said, “As the exclusive distributor of YESKEY, a market-proven 2FA solution with more than one million end-users in the PRC, we are confident to flexibly satisfy different and rising security needs arising from our regional customers across various sectors, particularly in financial services and insurance sectors. Adding YESKEY to ASL’s product offerings can help strengthening the ties with our customers and affirming our leading position in the IT-security market. ”
By leveraging ASL’s vast experience in implementing security solutions for different sectors, ASL can customize a turnkey 2FA solution with YESKEY hardware and software authenticators at competitive price. The Group will be able to cater for new demand or replacement of customer’s existing 2FA hardware devices and serve prime markets with rising demand on data security such as Internet banking, enterprise security, e-Commerce, e-Government and online gaming. Given the extensive marketing channels and over 37-year strong and diversified customer base, ASL is ready to fully unleash the sales potential of YESKEY in Hong Kong and Macau markets, and will progressively extend the reach to Taiwan and Southeast Asia. The Group expects to generate tens of millions in revenue from YESKEY-related business in the next three years.
Fully backed by Teamsun, ASL is in full gear to promote YESKEY to partners and customers. The Group’s strong sales, marketing and technical support teams are well-trained with YESKEY products know-how with regular communications platform set for technical experiences and research and development (R&D) results exchange, enabling ASL to gain market responsiveness at the greatest and fastest magnitude. Existing and prospective customers and partners can also experience dynamic 2FA platform, which offers on demand authenticators that provide strong authentication using customer’s familiar devices and applications through a quick, live demonstrations with YESKEY operation interface, token management cycle and audit log at the YESKEY Lab located in ASL’s headquarters in Hong Kong.
“Through the extensive support from Teamsun, ASL is in an excellent position to forge ahead in the regional IT-security market, from Hong Kong and Macau to Taiwan and Southeast Asia, bringing customers and partners world-class security solution with YESKEY as their choice of 2FA system. We expect the business to not only generate stable revenue for the Group in the future, but also enhance our overall profitability.” Mr. Lai concluded.
YESKEY’s hardware token, one of the customer’s choices for the customized 2FA system.
“Through the extensive support from Teamsun, ASL is in an excellent position to forge ahead in the regional IT-security market.” said Mr Lai.
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