FOR IMMEDIATE RELEASE

DEFENSE AND SECURITY TECHNOLOGY ACCELERATOR CLIENT COMPANIES FINALIZE FIRST CONTRACT THROUGH COLLABORATIVE EFFORT

Fayetteville, N.C. (Oct. 30, 2007) - The Defense and Security Technology Accelerator (DSTA), a thought leader in business acceleration that assists entrepreneurs with the rapid development of dual-use defense and security technology solutions, announced today that two of their client companies, Anakam, Inc. and Saffron Technology, received contracts.

The contract is the first awarded to DSTA client companies. The DSTA framework was developed to bring together and leverage in a collaborative manner the capabilities of rapidly growing technology companies to deliver solutions that benefit the end customer and support economic expansion in North Carolina. The contract will enable Anakam and Saffron Technology to deliver key security and analysis capabilities to their clients. “Anakam is exited about the opportunities that stem from the collaborative effort with DSTA,” stated Brent Williams, Anakam’s CTO, “DSTA’s leadership facilitated the process, from its inception, of bringing companies together to deliver a compelling business solutions for our clients.”

Over the past year, DSTA has accepted 12 client companies into their program, four of which were recruited from out-of-state.  In this short period, these companies have created over 70 jobs and are continuing to bring high-value business to the North Carolina community while training a new high technology workforce. Along with job creation, DSTA’s client companies are also contributing over $9M in revenues to the state’s economy.  Gayle Sheppard, Saffron Technology’s Chief Executive stated, “DTSA is directly responsible for helping our business growth, bringing more high technology work to North Carolina, and building a cooperative relationship between member companies that will directly benefit the war fighter.”

DSTA client companies range from small technology vendors to specialized service providers that focus on delivering innovative and specialized solutions to solve the challenges facing the defense and security marketplace.  DSTA provides a variety of services for member companies and affiliates including facilities, product development, strategic planning, business development, collaboration, and recruiting.  DSTA requires that member companies commit to supporting the North Carolina economic development efforts and enhancement of the regional technical workforce.

About DSTA:

The Defense and Security Technology Accelerator (DSTA), located in Fayetteville, N.C., is a thought leader in business acceleration focusing on military intelligence and technology.  DSTA offers a program that assists entrepreneurs with the rapid development (8 to 18 months) of dual-use defense and security technology solutions to meet military needs and private industry demands.  DSTA enables entrepreneurs to provide innovative defense and security solutions to the military and private industry while assisting its participants in selling state-of-the-art technology into the warfighter’s hands faster, ultimately saving lives and resources in the global war on terror.  For more information, please visit www.dstanc.org

About Anakam:

Anakam enables strong authentication and identity management at a fraction of the cost of traditional solutions, without encumbering your customers, partners and employees with cards, tokens, or fobs. The Anakam Identity Suite™ is unique in the industry, providing end-to-end capabilities that allow you to enable secure business to the masses. The suite includes two-factor authentication, remote identity proofing, professional credentialing, and data protection.  For additional information, please visit www.anakam.com

About Saffron Technology:

Saffron Technology, Inc., based in Research Triangle Park, N.C., gives greater perspective and prediction to industries on data that is important to them through a powerful, patented suite of entity analytics and prediction tools. Saffron’s technology provides Defense and Intelligence agencies powerful memory-based entity analytics tools to those protecting us from threats of loss and destruction.  Saffron is also pursing new missions for the application of memory-based entity analytic and prediction solutions for the life sciences and health care industries. Today Saffron works hard to continually identify new and exciting applications for our technology where the problem to be solved is complex and the data is large and rich. For information, please visit www.saffrontech.com

Contact:

Paige Ladd

Defense & Security Technology Accelerator

P: (910) 307-3005

E: pladd@dstanc.org