BEIJING, April 11, 2012 /PRNewswire-Asia/ -- Renren Inc. (NYSE: RENN) ("Renren" or the "Company"), China's leading real-name social networking internet platform, today announced its partnership with Intel Corporation (NASDAQ: INTC) and Feitian, a leading innovator of security technologies and applications, to introduce Intel® Identity Protection Technology (IPT) to Renren.com SNS platform.
Intel® IPT has built two-factor authentication support directly into the platforms of 2nd generation Intel® Core™ processor-based PCs, helping to prevent unauthorized access to user accounts. Based on Intel® IPT, Feitian offers an internet security solution using a unique one-time password linked to each PC which changes every 30 seconds and thus provides an extra but simple-to-use layer of protection for log-in authentication. With this additional layer of security, Renren users can safely and easily log on, create and share content, play music and games, and purchase other internet value-added services.
"We are delighted to be the first Chinese website to introduce Intel's latest identity protection technology adapted by Feitian authentication solutions," said Mr. James Liu, Chief Operating Officer of Renren. "User security is a top priority at Renren. We will continuously strive to create a highly secure and convenient online authentication and payment environment for our users."
George Thangadurai, General Manager of PC Client Services Division at Intel, added, "Creating a secure computer online environment has been a persistent goal of Intel. Today's cooperation with Renren and Feitian is another milestone we achieved to give Chinese internet users an easy access to their favorite social networking site with an additional level of confidence that they are protected from common threats."
Feitian's general manager, Mr. Li Wei, said, "We are excited to join Intel and Renren in providing an innovative internet security solution for Chinese internet users. With Intel® IPT solution enabled, Ultrabook users can protect their Renren account through a simple process."
About Renren Inc.
Renren Inc. (NYSE: RENN) operates the leading real name social networking internet platform in China. It enables users to connect and communicate with each other, share information and user generated content, play online games, listen to music, shop for deals and enjoy a wide range of other features and services. Renren's platform includes the main social networking website Renren.com, the online games center game.Renren.com, the social commerce website Nuomi.com, and the video-sharing website 56.com. Renren had approximately 147 million activated users as of December 31, 2011.
About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world's computing devices. Additional information about Intel is available at at newsroom.intel.com and blogs.intel.com.
About Feitian
Established in 1998, Feitian Technologies Co., Ltd. is a global leading supplier of smart card operating systems and digital security. Feitian is dedicated to continuous innovation based on customer demand, and has become a leader in network identification, software copyright protection, and smart card operating system. So far, Feitian's information security series products have been applied in over 50 countries and regions around the world.
Renren Inc. - Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business and financial outlook and quotations from Renren's management in this announcement, contain forward-looking statements. Statements that are not historical facts, including statements about Renren's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These risks, uncertainties and other factors that may affect the Company's results of operations are summarized in the Company filings or submission the Company made and available on the website of the United States Securities and Exchange Commission at www.sec.com.
For more information, please contact:
Renren Inc.
Sam Lawn
Investor Relations Director
Renren Inc.
Tel: (+86 10) 8448 1818 ext.1300
Email: ir@renren-inc.com
Intel
Bas Xu
Tel: (+86 10) 5751 8800 ext. 6155
Email: Bas.xu@intel.com
Feitian
Yanjun Zhang
Tel: (+86 10) 6230 4466 ext. 623
Email: yanjun@ftsafe.com
