SEN – Senetas Corporation | Aussie Stock Forums

Re: Senetas (SEN)

Nice ann today IMHO.

SENETAS APPOINTS NEW DIRECTOR TO BOARD

Senetas strengthens its position in the global high-speed network encryption

market with appointment of military intelligence expert

Melbourne, 18 November 2005 – Senetas Corporation (ASX: SEN), the worlds leading highspeed

network encryption hardware company, is pleased to announce the appointment of

retired Major General J.M. Connolly, AO, CSC to the board.

Senetas’ Chairman, Mr Francis Gabally, said that Major General Connolly’s appointment is a

significant development for the company, and reflects Senetas’ continued strong focus on

building a leading global security and encryption company. His appointment is part of Senetas’

plans to strengthen the board and position the company for its next stage of growth.

“Having someone of the Major General’s calibre on the board will considerably boost Senetas’

capacity to expand its global market share in the military and government sector. He has led a

distinguished career over almost four decades in the Australian Defence Force and has

particular expertise in military intelligence and secure communications,” Mr Galbally said.

“In addition, Major General Connolly’s depth of knowledge and relationships in military

organisations around the world will be invaluable as the company aims to increase total

worldwide sales to A$250 million within the next three years. He will add considerable value to

our current relationship with our technology partner SafeNet, as we continue to expand our

current product road map.”

Major General Connolly has held a number of very senior positions in the Australian Defence

Force including Australian Theatre Commander at Garden Island, Colonel Commandment of

the Royal Australian Regiment, and Director of the Defence Intelligence Organisation. He has

played a key role in providing defence intelligence to the Australian Government and

maintaining Australian military intelligence links with allies.

Major General Connolly was awarded the Officer of the Order of Australia in 1995 for his

contribution to the Australian Defence Force in the areas of operations and military intelligence.

The appointment of Major General Connolly is another step in Senetas’ aim of becoming

Australia’s leading technology company, specialising in encryption security, with significant

global presence.

———————

Also interesting to notice that Safenet did very well on Nasdaq last night….

http://finance.yahoo.com/q/ecn?s=SFNT

SAFENET INC (RT-ECN)

Symbol: SFNT

Last Trade: 35.88 4:02PM ET

After Hours Change: 0.01 (0.03%)

Today’s Change: + $1.71 (5.00%)

Bid: 25.00

Ask: 36.57

SafeNet to Present at the First Analysis Investment Conference in NYC

Wednesday November 16, 9:37 am ET

BALTIMORE–(BUSINESS WIRE)–Nov. 16, 2005–SafeNet, Inc. (NASDAQ:SFNT – News), setting the standard for information security, today announced that SafeNet will present on Thursday, November 17, 2005 at 2:45 p.m. EST at the First Analysis Investment Conference in New York City, to be held at The New York Palace Hotel.

Form 8-K for SAFENET INC

——————————————————————————–

17-Nov-2005

Entry into Material Agreement

Item 1.01 Entry into a Material Definitive Agreement.

On November 14, 2005, SafeNet, Inc. (“SafeNet”) entered into a Purchase Agreement with SafeNet Technologies, B.V., a subsidiary of SafeNet (“SafeNet B.V.”), and the shareholders of Eracom Technologies AG, a company incorporated under the laws of Germany (“Eracom”), pursuant to which SafeNet B.V. will acquire all of the equity interests of Eracom (the “Acquisition”). The aggregate consideration to be paid to the shareholders of Eracom in connection with the Acquisition is approximately $25 million in cash. The Acquisition is subject to certain closing conditions and is expected to close in December 2005. Item 9.01 Financial Statements and Exhibits.

(a) Financial statements: None.

(b) Pro forma financial information: None.

(c) Exhibits: None.

:D