Diversinet and SchlumbergerSema Partner to Provide Security to Mobile Phones

PKI-Enabled SIM Card Brings Increased Security to M-Commerce Transactions

Diversinet Corp. (Nasdaq:DVNT), a leading provider of mobile commerce (m-commerce) security infrastructure solutions, and SchlumbergerSema, the leading provider of SIM-based solutions to GSM operators, today announced they are collaborating to deliver end-to-end security solutions for m-commerce applications.

Under the terms of the strategic agreement, Diversinet and SchlumbergerSema will combine the SchlumbergerSema unique Simera Java technology with Diversinet's Public-Key Infrastructure (PKI) products and services, enabling advanced PKI security over GSM phones for secure Short Message Service (SMS) messaging. As part of this agreement, SchlumbergerSema will act as a channel to deliver the GSM/PKI solution to mobile operators and the 550 million GSM subscribers globally.

SchlumbergerSema is the world's leading Java card supplier and wireless solution provider, with over 200 successful value-added services deployed and 20 years' experience of smart card-based solutions across mobile communications, banking and other applications. With the expertise in SIM card and wireless security, SchlumbergerSema offers operators and application developers a head start in the new generation of wireless data services with increased interoperability and ease of deployment.

This strategic agreement enhances Diversinet's channel to mobile operators worldwide. In addition to expanding Diversinet's current relationship with SchlumbergerSema to include joint development, both companies have agreed to co-market the solution, thereby, increasing market penetration for both parties.

M-commerce applications are one of the major trends in the emerging wireless data services market. Demands range from banking and stock-trading applications, to mobile payment solutions. Obviously, high security is a must and the solution of Diversinet and SchlumbergerSema offers best-in-class technologies as well as ease of deployment.

According to the most recent GSM Association figures, more than 50 billion SMS text messages were sent globally in the first three months of 2001. In addition, SMS messaging is achieving mass-market status in many markets of the world, with more than 550 million global GSM customers worldwide - that represents nearly 70% of the world's digital wireless market.

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