EXHIBIT NUMBER 99.1
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News Release
Nokia Selects InterTrust's DRM Technology And Acquires 5% Stake
InterTrust's Digital Rights Management Solutions To Be Part Of Nokia's Technical
Architecture
Helsinki and Santa Clara -- (January 31, 2001) Nokia Corporation (NYSE: NOK),
the global leader in mobile communications and InterTrust Technologies
Corporation (NASDAQ:ITRU), the leading developer of peer-to-peer, distributed
digital rights management (DRM) technologies, have signed an agreement by which
Nokia has agreed to license the InterTrust Commerce and Rights/System DRM
solutions, and has selected InterTrust as its preferred DRM technology. Nokia
will invest and acquire nearly 5% ownership of InterTrust stock for $20 million.
"Digital Rights Management is a crucial element in digital media distribution
solutions and InterTrust has developed a best-of-breed solution suitable to both
mobile DRM and computing platforms. We are very impressed by InterTrust's patent
portfolio and we are excited about the new opportunities that licensing
InterTrust's DRM technology will offer us," says Pekka Ala-PietilC, President,
Nokia. "In cooperation with other industry players, Nokia is defining the
technical architecture for the mobile Internet and InterTrust has the best
technology for this industry shaping work."
"InterTrust is delighted to announce this relationship with Nokia," said Victor
Shear, Chairman of InterTrust. "Combining Nokia's expertise in mobile
communications with our DRM solutions, we plan to offer entirely new
opportunities in the area of mobile content distribution. Nokia and InterTrust
have a shared vision of the mobile future and by joining forces we intend to
provide content owners, application developers, and service providers globally
the most advanced and sustainable solution on which to base future products and
services."
Shear added, "To support our new partnership with Nokia and to establish
InterTrust DRM as the defacto standard in the mobile market, InterTrust intends
to invest significant resources to further develop our mobile DRM system,
enabling consumers to obtain, use, and interact seamlessly with, digital content
whenever and wherever they wish."
Nokia's and InterTrust's relationship reflects the increasing demand for
legitimate content delivery solutions. InterTrust's platform is an ideal
technology for Nokia and many other companies planning to offer a broad range of
rights-enabled products and solutions to both business and consumer markets
worldwide. In the future, an increased part of digital media consumption will
happen in the mobile context. Content and services will become event, situation
and location specific. Mobile communications and portability of rights will
create entirely new ways of consuming media and Nokia is committed to ensuring
that consumers will be able to enjoy exciting and easy-to-use services while
protecting the rights of content owners.
InterTrust has a leading edge DRM technology with the most advanced features to
help realize this goal.
The Rights/System product line, under development at InterTrust for several
years, currently includes the Rights/PD(TM) and Rights/Phone(TM) platforms.
These platforms are designed to make secure rights-management solutions for
digital content portable, practical and productive. The Rights/PD and
Rights/Phone systems extend the functions of InterTrust's leading DRM technology
to portable devices, while meeting diverse vertical market requirements in
entertainment, enterprise, and publishing, as well as other markets. Licensed as
software and tools, these systems include libraries and components that can be
incorporated as firmware in a wide variety of portable devices and consumer
appliances.
The Rights/PD and Rights/Phone technologies for PCs and other computing
environments, work with and are complemented by the InterTrust's InterRights
Point rights management virtual machine. Rights/PD and Rights/Phone software act
as the control point on the portable device by communicating with and managing
the secure transfer of files and rights to and from portable devices.
About Nokia
Nokia is the world leader in mobile communications. Backed by its experience,
innovation, user-friendliness and secure solutions, the company has become the
leading supplier of mobile phones and a leading supplier of mobile, fixed and IP
networks. By adding mobility to the Internet Nokia creates new opportunities for
companies and further enriches the daily lives of people. Nokia is one of the
most broadly held companies in the world with listings on six major exchanges.
About InterTrust
InterTrust is the primary developer of peer-to-peer, distributed digital rights
management (DRM) technology. It's general-purpose DRM trust platform serves as a
foundation for trusted peer-to-peer and client server e-commerce. InterTrust
holds numerous patents in the area of trusted systems technology and peer-to-
peer rights management, and licenses its technology and patents in the form of
software or hardware and tools to partners. These partners provide digital
commerce services and applications that together form an interoperable global
commerce system under the MetaTrust Utility brand. InterTrust serves as the
commercial administrator of the MetaTrust Utility, ensuring the neutrality,
security, commercial reliability, and trusted interoperability of devices,
services, and applications.
For further information, please contact:
Jyrki Rosenberg, Nokia, Tel. +358 7180 62865
Todd Slosek, InterTrust,Tel. +1 408 855 0424
Megan Matthews, Nokia Americas, Tel: +1 972 894 4267
Sanna Conquest, Blanc and Otus, Tel. +1 415 912 2318
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The statements contained in this release that are not purely historical are
forward-looking statements within the meaning of Section 21E of the Securities
and Exchange Act of 1934,
including statements regarding InterTrust's expectations, beliefs, hopes,
intentions or strategies regarding the future. All forward-looking statements
included in this document are based upon information available to InterTrust as
of the date hereof, and InterTrust assumes no obligation to update any such
forward-looking statement. Actual results could differ materially from current
expectations. Factors that could cause or contribute to such differences
include, but are not limited to, the factors and risks discussed in InterTrust's
reports filed from time to time with the Securities and Exchange Commission.
(c) 2001 InterTrust. DigiBox, the InterTrust logo, MetaTrust, and The MetaTrust
Utility are registered trademarks of InterTrust Technologies Corporation, and
TrustChip, RightsChip, InterRights Point, MetaTrust-Certified, Rights/PD and
Rights/System are trademarks of InterTrust Technologies Corporation, all of
which may or may not be used in certain jurisdictions. All other brand or
product names are trademarks or registered trademarks of their respective
companies or organizations.