Smartmatic Voting Solution Delivers Political Breakthrough in Venezuelan Referendum

    All Parties Accept 1.5% Margin Victory, One of the Closest in Venezuelan

    Smartmatic's Voting Solution Delivers 100% Accuracy, Reliability and

    CARACAS, VENEZUELA, December 5 /CNW/ - In the wake of one of the closest
and most important elections in Venezuelan history, Smartmatic today announced
that its voting solution, the Smartmatic Automated Election System (SAES),
performed with complete reliability and accuracy. During the referendum, the
SAES machines transmitted accurately, rapidly and reliably, and after the
polls closed, the Venezuelan Electoral Council and representatives of the
different political parties successfully audited 54% of the voting machines.

    "In one of the most critical and closest elections in our history,
Venezuelans have peacefully accepted a razor thin margin of victory, and at
Smartmatic, we believe this consensus would have been impossible without our
trusted voting solution," said Antonio Mugica, Chief Executive Officer,

    In the extremely close Referendum, voters rejected 69 amendments to the
Venezuelan Constitution by a margin of less than 1.5%. Key electoral
statistics include:

    --  Automated voting centers: 10,547 (95.8%)

    --  Voting machines used: 32,939

    --  Registered Voters: 16,049,654

    --  Time to Cast Vote: Less than 30 seconds

    Used in Venezuela since 2004, Smartmatic's SAES electronic voting
technology is the most secure, accurate and reliable system in the world. The
SAES system randomly stores and encrypts votes in seven different places,
guaranteeing 100% security and auditability of the voting process. In
addition, all Smartmatic voting systems are equipped with a voter verified
paper trail (VVPT) printed on security-enhanced paper as soon as each vote is
cast. This ballot "receipt" shows the vote the machine has just recorded and
allows the voter to verify that their vote was recorded correctly. It also
serves as a physical backup in the event of an audit.

    "In light of the Referendum's results, it is time for the cloud over
Venezuelan democracy to lift and for the world to recognize once and for all
that our elections meet the highest standards of fairness, accuracy and
transparency," added Antonio Mugica.

    About Smartmatic (

    Smartmatic is a multinational company specializing in the design and
deployment of high-security and high-connectivity solutions. Its automated
voting products are the most secure, reliable and auditable voting systems in
the world.

    Smartmatic is the world leader in auditable election technology, and has
successfully collected and tabulated more than 50 million auditable votes in
multiple elections. Smartmatic has sold and deployed its automated election
systems in Venezuela, Netherlands Antilles, in the US, through Sequoia Voting
Systems, and it is currently in the process of launching a number of election
projects in Latin America, Africa, Asia and Europe.

    Smartmatic has offices in the US, Mexico, Spain, Venezuela, Barbados,
Philippines and Taiwan.

For further information:

For further information: For Smartmatic U.S.: Jonathan Freedman,
212-751-3326 or VZ: Samira Saba, 58 416 6221741

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