PRESS RELEASE : July 14, 2004

Voltage Security Wins "New Company Innovator of the Year" Award from Always0n and KPMG LLP

Palo Alto, CA., July 14, 2004---Voltage Security, Inc., a leading provider of secure business communication solutions, today announced that it has been awarded the "New Company Innovator of the Year" award by AlwaysOn ( www.alwayson-network.com ), an open source media company focused on technology and business innovation, and KPMG LLP, the audit, tax and advisory firm. AlwaysOn and KPMG presented the award Tuesday evening at the opening of the AO2004 Innovation Summit at Stanford University. Other 2004 top company award winners include MySQL, AuctionDrop, Friendster and Yahoo. Voltage was selected from a field of over 700 nominated companies.

"This is just an incredible honor for Voltage. We were delighted to be one of the AlwaysOn 100 announced last week, and now to be selected as the number one new innovator company of 2004 is fantastic. This is a tribute to the entire Voltage team, and particularly to the work of the co-founders who made our breakthrough technology, Identity-Based Encryption (IBE), a reality," said Sathvik Krishnamurthy, president and CEO of Voltage.

"Voltage has created a revolutionary breakthrough in cryptography that advances the art beyond Public Key Infrastructure (PKI), said Tony Perkins, AlwaysOn founder.  "Its Identity-Based Encryption (IBE) is a completely new approach to the problem of encryption, enabling data to be protected without the need for certificates and other costly infrastructure."

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.

Voltage Security is funded by top tier venture capital firms which include Hummer Winblad Venture Partners, Morgenthaler Ventures and Menlo Ventures.

For more information on Voltage Security and to learn more about IBE, please visit www.voltage.com.

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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Notes: Voltage SecureMail, Voltage SecurePolicy Suite and Voltage SecureFile are either trademarks or registered trademarks of Voltage Security, Inc. All other product names and trademarks are the property of their owner.