[August 03, 2015]

Whitewood Encryption Systems® Introduces the Entropy EngineTM, the World's Most Cost-Effective, Quantum-Powered Random Number Generator

Whitewood Encryption Systems Inc.^®, a developer of next-generation entropy management systems, is pleased to introduce the Entropy Engine™, a new product that is the world's most cost-effective, quantum-powered random number generator.

The Entropy Engine addresses the fundamental issue of all cryptosystems - predictability. An overriding threat of any application that employs cryptography is the use of random data that isn't truly random, increasing the risk that keys can be compromised and data breached.

The Entropy Engine exploits quantum mechanics to supply pure entropy in the form of random data at high speeds (200 Mbps), solving the problem of entropy generation that handicaps even the highest-performance cryptography systems currently in use today. At its core is a patent-pending quantum entropy source that generates random data based on the immutable laws of physics and is therefore immune from external influence by attackers.

Designed for any application that incorporates cryptography or relies on high-quality random data, the Whitewood Entropy Engine removes the risk of existing entropy sources failing to satisfy demand or becoming deterministic. Whether using low-level functions such as encryption, digital signatures, and certificates, or higher-level security protocols such as SSL/TLS or SSH, or raw random data for gaming and simulators, the Entropy Engine provides a critical security foundation and basis of trust.

The product, which is delivered as a PCIe plug-in card, is being unveiled at the Black Hat USA 2015 show in Las Vegas (Aug. 1-6) for trials and evaluation, and will be available for sale at the end of the third quarter.

"Whitewood's Entropy Engine closes one of the most insidious and misunderstood vulnerabilities that exists in the world's most widely used security systems," said Richard Moulds, Vice President of Business Development and Strategy at Whitewood. "Whether in critical business applications, corporate networks or out on the Web, maximum security requires that we improve the quality and quantity of entropy used to generate random data. In mobile devices, browsers and sterile datacenters, access to entropy is inconsistent, notoriously hard to measure and often taken for granted. It's time to take control of entropy and deliver the security on which we all depend. Whitewood's quantum-powered Entropy Engine is designed to meet that need."

The technological innovation that forms the basis of Whitewood's Entropy Engine was developed from more than two decades of research into quantum cryptography at Los Alamos National Laboratory, and was commercialized through a collaboration between the federal lab and Whitewood's corporate parent, Allied Minds (LSE: ALM), in the largest single transaction of an intellectual property portfolio ever executed by Los Alamos.

"The successful transformation of the Los Alamos technology into a commercial product illustrates how our unique public-private partnership with U.S. federal research centers allows us to create bestin-class products that solve some of our nation's biggest economic challenges," said John Serafini, Vice President at Allied Minds, the parent company of Whitewood.

Allied Minds Federal Innovations (AMFI), the division of Allied Minds led by Serafini that is dedicated to commercializing federal intellectual property, was awarded an exclusive, worldwide license to the Los Alamos quantum cryptography innovations and collaborates with the lab under a CRADA (Cooperative Research and Development Agreement). Under this agreement Los Alamos joins a network of federal R&D entities, including The MITRE Corporation (News - Alert) and The Aerospace Corporation, which are working with the Boston-based company to solve real-world problems and to materially benefit the U.S. economy.

"We are pleased to be able to work with Allied Minds to bring proven innovations to market," said Duncan McBranch, Chief Technology Officer of Los Alamos National Laboratory. "Secure communications on the Internet represents a serious national security challenge that impacts government, businesses and consumers alike. Los Alamos has a strong history of advances in high-performance computing and cybersecurity, and with this agreement we can assist in protecting valuable information beyond the government sector."

More information on Whitewood can be found at www.whitewoodencryption.com.

About Whitewood Encryption Systems, Inc.
Whitewood^® is addressing one of the most fundamental challenges associated with all modern cryptosystems - entropy management. Whitewood's products exploit quantum mechanics to meet demand for high-quality entropy used for random data and key generation at scale. Building upon a base of quantum cryptography capabilities developed over the course of the past two decades at Los Alamos National Laboratory, Whitewood addresses operational vulnerabilities in any application that employs encryption, certificates and keys in clouds, devices and browsers. Whitewood is part of Allied Minds Federal Innovations, the division of Allied Minds dedicated to commercializing U.S. federal intellectual property. More information on Whitewood can be found at www.whitewoodencryption.com.

About Los Alamos National Laboratory (www.lanl.gov)
Los Alamos National Laboratory, a multidisciplinary research institution engaged in strategic science on behalf of national security, is operated by Los Alamos National Security, LLC, a team composed of Bechtel National, the University of California, BWX Technologies, Inc. and URS Corporation for the Department of Energy's National Nuclear Security Administration. Los Alamos enhances national security by ensuring the safety and reliability of the U.S. nuclear stockpile, developing technologies to reduce threats from weapons of mass destruction, and solving problems related to energy, environment, infrastructure, health and global security concerns.

About Allied Minds
Allied Minds is an innovative U.S. science and technology development and commercialization company. Operating since 2006, Allied Minds forms, funds, manages and builds products and businesses based on innovative technologies developed at leading U.S. universities and federal research institutions. Allied Minds serves as a diversified holding company that supports its businesses and product development with capital, central management and shared services. More information about the Boston-based company can be found at www.alliedminds.com.

Allied Minds Forward-Looking Statement
This press release contains statements that are or may be forward-looking statements, including statements that relate to the company's future prospects, developments and strategies. The forward-looking statements are based on current expectations and are subject to known and unknown risks and uncertainties that could cause actual results, performance and achievements to differ materially from current expectations, including, but not limited to, those risk and uncertainties described in the risk factors included in the company's regulatory filings. These forward-looking statements are based on assumptions regarding the present and future business strategies of the company and the environment in which it will operate in the future. Each forward-looking statement speaks only as at the date of this press release. Except as required by law, regulatory requirement, the Listing Rules and the Disclosure and Transparency Rules, neither the company nor any other party intends to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

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