KoolSpan Names Gregg Smith New Chief Executive Officer

With Extensive Wireless & Mobile Leadership Experience, Smith to Lead Maker of TrustChip® Mobile Encryption Engine in Industry Primed for Rapid Growth

Bethesda, Md. – Sept. 15, 2011 – KoolSpan, Inc., developer of the TrustChip® family of plug-in mobile security solutions, today named Gregg Smith as new CEO.

Smith brings more than 25 years of leadership experience to KoolSpan, most recently as CEO of Acuity Mobile, a mobile advertising platform. At Acuity, Smith built the firm from a start-up into an industry leader, securing agreements with brands including Harrah’s Entertainment, Urban Outfitters, and Acxiom, before negotiating the sale of Acuity to NAVTEQ, a billion dollar division of Nokia.

In past roles, Smith held executive positions with Aether Systems, Inc. and TeleCommunications Systems, Inc, where he led the expansion of global mobile services and software businesses. Former KoolSpan CEO Tony Fascenda has taken on a new role as Chief Technology Officer, focusing on the company’s technology and innovation.

Said Smith, “This is an exciting opportunity because KoolSpan has developed outstanding technology that serves a red hot global market. As smartphones and tablet computers become more ubiquitous, IT teams must address security more proactively and TrustChip by KoolSpan provides an outstanding solution.”

Analysts predict that the market for mobile security is poised for dramatic growth. In a recent report, research firm MarketsandMarkets anticipates the global smartphone security market to grow from $387.5 million in 2010 to nearly $3 billion by 2016.

“We are very pleased to welcome Gregg to KoolSpan,” said Chairman Elad Yoran. “He joins a strong team and brings terrific experience to the company as we capitalize on our business and market opportunity.”

Added KoolSpan founder Fascenda, “As KoolSpan continues to scale, Gregg brings extensive industry and operational expertise to the organization.”

About KoolSpan, The TrustChip Company

KoolSpan is a leading innovator of industry-standard security processors optimized for the mobile market. Its TrustChip® mobile encryption engine is a critical component to mobile security solutions and enables the protection of applications, operating systems and mass market mobile devices. Today, TrustChip Secured solutions are FIPS 140-2 Validated, deployed by government, enterprise and offered by leading wireless operators to protect sensitive communications. To learn more, visit www.koolspan.com or call +1.240.880.4400.

Media Contact:

Greg Abel
Abel Communications for KoolSpan
(410) 843-3808
greg@abelcommunications.com

Francis Knott

Francis Knott has over 17 years of mobility, technology, interactive media, software and healthcare experience. Mr Knott is an expert at building companies, growing revenue and launching and marketing new products. In the past, he has worked in software and product development, mobile social media, and mobile applications development.