PRESS RELEASE : July 6, 2004

Voltage Security Named to Second-Annual AlwaysOn List of Top 100 Private Companies

Palo Alto, CA., July 6, 2004---Voltage Security, Inc., a leading provider of secure business communication solutions, today announced its inclusion in the AlwaysOn (AO) Top 100 Private Companies list. AlwaysOn, an open source media company focused on technology and business innovation, and KPMG's emerging business practice, KPMG 1Start, compiled the second-annual AO100 list. The two groups surveyed more than 1,000 venture investors, investment bankers, top entrepreneurs and executives, who nominated more than 700 companies to determine the AO100 winners. The full list can be found at
www.alwayson-network.com

AlwaysOn and KPMG 1Start, identified the 2004 AO100 companies based on their demonstrated leadership and innovation in at two key areas: market traction measured by revenue or customer growth and new approaches and technologies that are likely to cause significant change to existing markets and well-established players.

"Private company innovation is incredibly strong and continues to flourish. Over 50 of last year's AO100 companies returned to this year's list and 50 new companies have been selected that are well positioned to significantly contribute to the second-generation of the Internet," notes Tony Perkins, AlwaysOn founder.

?Protecting trusted communications between companies, business partners and consumers is critical in today's always-on world,? said Sathvik Krishnamurthy, president and CEO, Voltage Security, ?We are seeing more and more companies implementing safeguards to ensure the privacy of all their communication inside and outside their organizations. We are very pleased to be included on the AO100 list for bringing to market an innovative, easy to use platform for securing digital communication.?

AO100 winners will be honored at a reception on Tuesday, July 13, 2004 at the AlwaysOn Innovation Summit, taking place July 13-15 at the Frances C. Arrillaga Alumni Center on the Stanford University Campus. The event will feature over 60 keynote-level speakers, 15 sessions, 30 CEO Pitches and two days of conversation about what's driving the next wave of innovation. For more information visit:
http://www.alwayson-network.com/events/index.php

About Voltage Security
Voltage Security, Inc. provides the market leading Voltage Enterprise Privacy Management Platform™, a breakthrough foundation for securing all forms of digital business communication flowing into and outside an organization. Based on a revolutionary breakthrough called IBE, or Identity-Based Encryption, the Voltage Enterprise Privacy Management Platform greatly simplifies the use and administration of traditional security systems. Voltage Security markets its own enterprise solutions including the Voltage SecureMail Gateway™, Voltage SecureMail™ and secure mobile messaging solutions for RIMs BlackBerry® and Microsoft Windows Mobile-based Pocket PCs and Smartphones, and partners with other leading companies such as CipherTrust, FrontBridge Technologies (a Microsoft company) and Proofpoint to serve the expanded security needs of the enterprise. Third-party and corporate developers can secure customer applications with the Voltage IBE Toolkit™. Voltage Security customers include leading corporations and governmental agencies from around the globe including XL Global Services, Waterfield Mortgage, QVC Japan and Hitachi.

About AlwaysOn

AlwaysOn (AO) is an ?open source media company? dedicated to connecting global leaders and technology industry insiders whose ideas and innovations are shaping the always-on world.

Founded in January of 2003, AO is the first and only media brand to combine participatory journalism (blogging), with a powerful social network?the AO Zaibatsu. AO believes that individuals and businesses will increasingly use interactive media applications to ?step over the head of the media? and communicate directly to customers, suppliers and employees.

AlwaysOn, LLC, is a privately held and virtually headquartered company born out of the heart of Silicon Valley .

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Voltage Security, Voltage SecurePolicy Suite, Voltage SecureMail and Voltage SecureFile are either trademarks or registered trademarks of Voltage Security, Inc.