CYLINK ENCRYPTION SYSTEM SELECTED TO SAFEGUARD INTERNATIONAL FINANCIAL
TRANSACTIONS

April 14, 1994 -- SUNNYVALE, CA: Cylink Corporation, the world's leading
supplier of encryption systems, has been awarded a major contract to
provide encryption capability and management to the Society for Worldwide
Interbank Financial Telecommunication (S.W. I.F.T.) for use in
S.W.I.F.T.'s global network.

S.W.I.F.T is a key service provider for the global financial services
industry, offering a sophisticated means of automating financial data
processing and communication through standardization. Owned by the
international banking community, its system is used by 4,000 financial
institutions around the world for non-stop, rapid, cost-effective, and
secure communications. The S.W.I.F.T network is one of the principal means
of exchanging instructions in Payments, Trade Finance, Forex and Money
Markets, and Securities.

The initial value of the business agreement is estimated at more than
$1,750,000 U.S., with follow-on purchases expected. After more than two
years of discussions, extensive surveys of the Cylink SecureX25 encryption
system, and completion of a formal Request For Proposal bid process,
Cylink Corporation was selected as the vendor of choice principally on
account of its state-of-the-art Cylink Security Management System (CSMS),
which provides centralized key and element management for its SecureX25
encryptors.

Need for Encryption

Digitized information is increasingly being transmitted round the clock to
all parts of the world. The best way to ensure the security of a
transmission--to safeguard it from being intercepted or altered--is to
encrypt it, i.e. transform it into a code unintelligible to anyone not
possessing complementary decryption equipment. Financial institutions must
take all available measures to assure the accuracy of transactions, so
they routinely encrypt transmitted data.

Cylink Corporation

Cylink Corporation, a privately held company founded in 1984 and
headquartered in Sunnyvale, CA, is a world leader in providing
comprehensive network communications security and wireless connectivity
solutions. Cylink develops, manufactures, markets, and services advanced
encryption and spreadspectrum radio communications products for worldwide
use in information delivery applications. Cylink customers include
multinational Fortune 500 companies, most major financial institutions in
the world, and many commercial and government organizations with multiple
distributed facilities. Cylink maintains worldwide sales, distribution,
and service centers.

CYLINK, 310 North Mary Ave, Sunnyvale, CA 94086
(408) 735-5800,   FAX (408) 735-6643

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