AMCC Selects SafeNet Security Technology for PowerPC Processors

SafeNet SafeXcel IP Powers Next-Generation AMCC Chips for Secure Network Processing

BALTIMORE, Maryland, May 18, 2005 - SafeNet, Inc. (NASDAQ: SFNT), setting the standard for information security, today announced that Applied Micro Circuits Corporation (AMCC) [NASDAQ:AMCC] has licensed SafeNet's SafeXcel IP cores to enable secure communications in their next generation PowerPC processors for networking and pervasive applications.

"In today's world, protecting data of all types across various network environments is no longer just an option – it’s a must. The integration of SafeNet's SafeXcel IP Packet Engine into our high-performance processors allows AMCC customers to address the growing security, cost, and performance requirements of today's demanding applications," adds Sam Fuller, AMCC's vice president of marketing, Embedded Products.

The security block in AMCC's PowerPC architecture based 440EPx and 440GRx processors is provided by SafeNet's SafeXcel IP Packet Engine—a silicon-proven cryptographic accelerator for Internet Protocol Security (IPsec), Secure Socket Layer (SSL), Transport Layer Security (TLS), and Secure Real-Time Transport Protocol (SRTP). The SafeXcel IP Packet Engine is designed to meet the needs of semiconductor manufacturers, featuring versatility, ease of integration, and high performance.

"With the trend toward integration of multiple security functions into a single chip, our packet engine is a perfect fit for AMCC's latest PowerPC processors," said Henk Pruim, vice president and general manager of SafeNet's Networking Business Unit. "SafeNet's QuickSec VPN software will provide a quick, easy-to-use development environment for users of AMCC's 440EPx and 440GRx devices."

SafeNet's QuickSec security software makes it easy for OEMs to rapidly build powerful integrated security appliances. AMCC provides evaluation versions of the QuickSec software as part of the AMCC SDK.

For more information about the combined network security solution, please visit www.safenet-inc.com/AMCC

About AMCC
AMCC provides the essential building blocks for the processing, moving and storing of information worldwide. The company blends systems and software expertise with high-performance, high-bandwidth silicon integration to deliver silicon, hardware and software solutions for global wide area networks (WAN), embedded applications such as PowerPC and programmable SOC architectures, storage area networks (SAN), and high-growth storage markets such as Serial ATA (SATA) RAID. AMCC's corporate headquarters are located in San Diego, California. Sales and engineering offices are located throughout the world. For further information regarding AMCC, please visit our web site at www.amcc.com.

About SafeNet, Inc.
SafeNet is a global leader in information security. Founded more than 20 years ago, the company provides complete security utilizing its encryption technologies to protect communications, intellectual property and digital identities, and offers a full spectrum of products including hardware, software, and chips. ARM, Bank of America, NetGear, the Departments of Defense and Homeland Security, Adobe, Samsung, Texas Instruments, the U.S. Internal Revenue Service and scores of other customers entrust their security needs to SafeNet. For more information, visit www.safenet-inc.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
The statements contained in this release, which are not historical facts, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are subject to uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. Important factors that could cause actual results to differ materially are included but are not limited to those listed in SafeNet's periodic reports and registration statements filed with the Securities and Exchange Commission. The Company assumes no obligation to update information concerning its expectations.

Editor's Note: SafeNet is a registered trademark and SafeXcel is a trademark of SafeNet, Inc. All other trademarks are the property of their respective owners.