SEHO:
(PR NEWSWIRE) SENSE Holdings and Oak Ridge National Laboratory Investigate Stra
egic MEMS Sales Opportunities for Patented Explosive
SENSE Holdings and Oak Ridge National Laboratory Investigate Strategic MEMS Sale
Opportunities for Patented Explosive Detection Technology
MEMS Can Detect Many Dangerous Explosive Chemicals and Agents
FORT LAUDERDALE, Fla., June 21 /PRNewswire-FirstCall/ -- SENSE Holdings,
Inc. (OTC Bulletin Board: SEHO) (SENSE), a leading provider of biometrically
secured authentication and identification systems, announced that the company
has established marketing criteria, test results, and are now exploring sales
and licensing opportunities with strategic partners and potential buyers for
its patented explosive detection technology. SENSE has acquired the exclusive
license for detecting land mines and unexploded ordnances, and the co-
exclusive license for detecting explosives in all security-related
applications. SENSE Holdings has been a partner of Oak Ridge National
Laboratory (ORNL) since SENSE acquired the technology in May 2001. The MEMS
(micro-electromechanical sensor) technology uses an array of semiconductor
sensors to detect or sniff out explosive molecules and can identify certain
contaminants such as TNT, DNT, C4, dangerous gases, and can also be modified
for detection of narcotics or chemical weapons.
"We feel at SENSE this technology is still in its development stage and
can be utilized for many future security-based applications. We are proud to
be associated with such a prestigious organization as ORNL and are very
excited to be part of the maturation of this low-cost, accurate explosive
detection solution," stated Dore Perler, CEO of SENSE Holdings, Inc.
"We are very excited to have SENSE Holdings as a commercialization partner
for our MEMS technology," stated Bob Quinn, ORNL's Director of Technology
Commercialization. "The application areas on which they are focusing the
technology will not only provide a financial return but will also address
issues of national and international importance, such as the detection of land
mines."
"The size and scope of the potential market is worldwide, and we feel the
finished MEMS solution can be sold to schools, border control, customs,
airports, seaports, and corporate businesses for the protection of our country
and its people," added Mr. Perler. SENSE Holdings also plans to market the
technology to the Department of Homeland Security for the protection and
support of all related markets."
SENSE is seeking strategic partners and funding partners to help expose
the technology and its potential uses.
About ORNL
ORNL is a multiprogram science and technology laboratory managed for the
U.S. Department of Energy by UT-Battelle, LLC. Scientists and engineers at
ORNL conduct basic and applied research and development to create scientific
knowledge and technological solutions that strengthen the nation's leadership
in key areas of science; increase the availability of clean, abundant energy;
restore and protect the environment; and contribute to national security.
ORNL also performs other work for the Department of Energy, including isotope
production, information management, and technical program management, and
provides research and technical assistance to other organizations.
About SENSE Holdings, Inc.
SENSE Holdings, Inc. (http://www.senseme.com), is comprised of two wholly
owned subsidiaries, SENSE Technologies, Inc., a leading manufacturer of
biometrically secured authentication and identification systems, and MSTI,
Inc., a leading micro-sensor explosives detection research and development
organization. MSTI holds patents and intellectual property that enable
explosives detection, authentication, and identification. SENSE Holdings, Inc.
integrates advanced biometric and micro-electromechanical sensor (MEMS)
technology into mechanical and electronic control devices that improve and
secure many business processes.
For more information contact SENSE Holdings, Inc., 4503 NW 103 Ave. (Suite
200) Sunrise, Florida 33351; Telephone: 1-877-SENSEME (736-7363) and
1-954-726-1422; E-Mail: dore@senseme.com; Web: senseme.com.
Safe Harbor Statement
Statements contained herein, other than historical data, may constitute
forward-looking statements. When used in this document, the words "estimate,"
"project," "intends," "expects," "believes" and similar expressions are
intended to identify forward-looking statements regarding events and financial
trends which may affect the Company's future operating results and financial
position. Such statements are not guarantees of future performance and are
subject to risks and uncertainties that could cause the Company's actual
results and financial position to differ materially from those included within
the forward-looking statements. These risks and uncertainties include, but are
not limited to, the Company's ability to generate meaningful revenues and
achieve profitable operations; its ability to obtain necessary capital;
whether biometric fingerprint technology is accepted in the marketplace;
whether the Company is able to develop and successfully market products
incorporating MEMS technology; whether it can compete in a challenging
marketplace; and whether the Company can successfully integrate its technology
with other technologies to create commercially viable products. Additional
risks and uncertainties are set forth in the Company's SEC filings including
its Annual Report on Form 10-KSB and registration statements filed under the
Securities Act of 1933, as amended.
SOURCE SENSE Holdings, Inc.
-0- 06/21/2004
/CONTACT: Dore Perler, SENSE Holdings, Inc., +1-954-726-1422, or
dore@senseme.com /
/Web site: senseme.com /
(SEHO)
CO: SENSE Holdings, Inc.; Oak Ridge National Laboratory; U.S. Department of
Energy
ST: Florida
IN: CPR HTS OIL CSE OTC
SU:
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