KoolSpan Selected to Join US-Azerbaijan Chamber of Commerce’s ICT Trade Mission; Exhibit at BakuTel 2013

Washington, DC and Bethesda, MD – November 20, 2013 — KoolSpan, developer of a suite of patented hardware-based mobile security applications, will join a select group of leading U.S. information and communications technologies (ICT) companies on a trade mission with the United States – Azerbaijan Chamber of Commerce (USACC) from December 2-5, 2013.

The ICT Trade Mission will focus on Azerbaijan’s rapidly growing ICT industry and explore the existing opportunities in the market for participating American tech-service and technology providers including: Globecomm, Oracle, Exelis, Lockheed Martin, Futron, Hughes, Loral Space and Communications, iControl, Wisethink, T-Mobile, SW Creatives and Elizarov Consulting Group.

“We were approached by Yakov Elizarov of the Elizarov Consulting Group, a fellow member of the Business Innovation Network of Montgomery County, who was working collaboratively with the USACC to identify Maryland companies for the mission and we immediately recognized the market potential,” said Gregg Smith, CEO of KoolSpan. “Azerbaijan is experiencing extremely rapid economic growth and its wireless market is still unsaturated, creating vast market opportunities for the deployment of related technologies to a tech-savvy population.”

“This is an unparalleled opportunity for US tech companies to provide their expertise, products and services to a quickly growing, oil-rich international market and create bilateral relations with Azerbaijan that will create new business opportunities for US tech companies,” said Elizarov Consulting Group (http://ecgdc.com/) CEO Yakov Elizarov.  “KoolSpan seemed like a natural fit considering their leadership position in the mobile security market, but we help all types of companies, individuals and governments realize the strength and opportunity in collaborative networking, and help grow international relations, employment and education.”

As part of the Mission, KoolSpan will exhibit their products at the 19th International Telecommunication and Information Technologies Exhibition, Bakutel 2013, speak at Azerbaijan – U.S. ICT Business Forum , meet with government and industry officials; participate in site visits, networking receptions and matchmaking meetings.

The hardware anchor for KoolSpan’s security solutions is the TrustChip®, a self-contained, secure, military-grade microSD encryption engine. Hailed by Security Week as “the best implementation of commercial-grade voice encryption we have seen to date,” the TrustChip powers security offerings for S-1, the Samsung-affiliated global leader in mobile security, and Encrypted Mobile Voice, AT&T’s encryption platform.

ABOUT KOOLSPAN

Based in Bethesda, Md., KoolSpan, Inc. (www.koolspan.com) develops hardware-based encryption and security applications to protect data and voice communications over network-connected devices. The foundation for KoolSpan encryption is the TrustChip®, a hardware-based security platform delivered through a secure microSD processor. It protects connected devices including cell phones, office network phones, laptops, tablets, PCs, desktop phones and servers. With 17 patents underlying its technology, KoolSpan offers communications security to companies and government agencies worried about loss or theft of intellectual property, vital information and proprietary assets. TrustChip’s TrustSDK is FIPS 140-2 validated and deployed in more than 50 countries.