Verayo Honored With Wall Street Journal 2009 Technology Innovation Award

"Unclonable" RFID Silicon Chip Named Runner-up in the Semiconductor Category

SAN JOSE, Calif.--(Business Wire)-- Verayo, a security and authentication solutions provider, has been recognized by the prestigious Wall Street Journal 2009 Technology Innovation Awards. Verayo earned runner-up honors in the semiconductor category for its unclonable silicon chip, the Vera X512H RFID IC, designed to deliver low-cost authentication for the anti-counterfeiting, secure identification and access markets.

"This year we received nearly 500 entries, with only about seven percent receiving an award," said John Leger, News Editor of The Wall Street Journal. "Needless to say, the competition was extremely intense, and Verayo should be very proud of its achievement."

Verayo`s unclonable RFID chips are based on a silicon biometric technology called Physical Unclonable Functions (PUF). A breakthrough in semiconductor security, PUF technology provides each RFID chip with its own unique and unclonable silicon fingerprint, offering a strong and robust, yet low cost authentication solution for numerous applications in various industries such as consumer and luxury goods anti-counterfeiting, transit ticketing and passes, bank cards, government and defense ID cards.

"We are excited to be honored as a runner-up by The Wall Street Journal`s prestigious Technology Innovation Awards," said Anant Agrawal, CEO of Verayo.
"PUF technology makes RFID a very secure and cost-effective authentication technology. We believe our PUF based RFID products will bring security and
authentication to multiple industries, where costs have been an inhibitor."

Verayo will be recognized at an awards ceremony and dinner on October 13 in Redwood City, California. To learn more about Verayo`s innovative PUF
technology, visit the company`s YouTube channel at

About Verayo

Verayo was founded in Silicon Valley in 2005. The company is focused on building security and authentication solutions based on Silicon Physical Unclonable
Functions (PUF) technology, which was invented and first implemented at MIT by Prof. Srini Devadas and his team. Since its founding, the Verayo team has
designed, built, and tested ICs using PUFs and built-up a growing body of additional IP and substantive know-how beyond the initial IP that Verayo licensed exclusively from MIT. Verayo is funded by Khosla Ventures and has assembled an experienced Advisory Board drawn from the semiconductor and security industries. In addition to developing commercial products, the company is working on projects for various U.S. Defense Agencies.

Vantage Communications for Verayo
Fran Bosecker, +1-845-536-4196

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