Partnership to Develop SIM-Based Two-Factor Authentication Solution for Wireless Operators and Financial Services Providers

3GSM World Congress, Barxcelona, Spain– Oberthur Card Systems, one of the world’s leading smart card manufacturers for banks and wireless operators worldwide, and Diversinet Corp., a leading provider of mobile-enabled personal authentication and security solutions, has announced a SIM-based authentication solution designed to address the market for strong end-user authentication over the Internet.

The demonstration will be held at the Oberthur Card Systems’ booth at the 3GSM World Congress (Hall 8 - Booth B34) from the 13th to the 16th of February at Fira de Barcelona, Spain.

Diversinet and Oberthur Card Systems intend to support Internet and security providers’ business needs for cost-effective, mass-market strong authentication solutions. The use of SIM-based tokens eliminates the need for consumers and corporate users to carry additional hard tokens, USB toggles or specific smart card readers, since most have a mobile phone handy at all times. With this solution, Diversinet and Oberthur Card Systems deliver the industry’s most advanced mobile security service to provide OATH-compliant One-Time Password authentication on all GSM/UMTS mobile phones and networks worldwide.

“With mobile devices becoming ubiquitous worldwide, partnering with Oberthur Card Systems to reach wireless operators and financial services makes strategic sense,” said Nagy Moustafa, CEO of Diversinet. “We look forward to working closely with Oberthur Card Systems to market a strong, two-factor authentication solution that will help wireless customers protect their online banking and other online transactions.”

“By joining forces with Diversinet, Oberthur Card Systems turns any GSM/UMTS handset into a SIM token reader, thereby opening up mass market deployment of security services,” said Alain Jarre, mobile marketing and solutions director at Oberthur Card Systems. “Through this partnership, Oberthur Card Systems continues to add valuable services to its SIMphonIC product range, and reinforces its commitment to delivering security-related products and services to our customers worldwide.”

About Diversinet Diversinet is a leading provider of personal authentication and security solutions for the wireless world. The company’s software and services protect user identity and provide secure access for new, innovative consumer and business applications using a variety of mobile phones, Personal Digital Assistants (PDAs) and personal computers. Diversinet’s highly scaleable, open mobile security platform enables enterprises and service providers to rapidly develop, deploy and manage next-generation wireless security services. MobiSecure is the industry’s first open mobile security platform to support OATH-compliant strong authentication on mobile devices and personal computers. Connect with Diversinet Corp. at www.diversinet.com.

About Oberthur Card Systems With sales of 500.8 million Euros in 2005, Oberthur Card Systems is one of the world’s leading providers of card-based solutions, software and applications including SIM and multi-application smart cards as well as services ranging from consulting to personalization. For further information: www.oberthurcs.com.