SLIC SLICW
[ Business | US Market | Industry | IPO | S&P | International | PRNews | BizWire | Finance Home ]
Tuesday May 26, 9:01 am Eastern Time
Company Press Release
SOURCE: Saf T Lok Incorporated
Saf T Lok Forms Alliance With Laser Manufacturer to Bring Fingerprint
Technology to Firearm Safety
TEQUESTA, Fla., May 26 /PRNewswire/ -- Saf T Lok Incorporated (Nasdaq: LOCK - news) announced today that it has
entered into a development agreement with Semiconductor Laser International Corporation (Nasdaq: SLIC - news) to produce
a laser enhanced gun locking mechanism.
Saf T Lok manufactures the only integrated gun lock on the market today that allows the owner of a handgun to lock his gun
against unauthorized use, while still providing instant access to himself. The Saf T Lok(TM) gun locks are completely mechanical
and require the gun owner to enter their own unique combination to unlock the gun, creating the first Personalized
Handgun(TM). Semiconductor Laser International, a leader in the development of laser related products in areas such as
defense, medical, automotive, computer and DVD, will develop an optical laser-driven fingerprint locking mechanism to work in
conjunction with the already existing Saf T Lok(TM) gun locks.
''There will be available by the end of the year, a small, handgun-mountable, fingerprint recognition system that will be capable
of unlocking a Saf T Lok equipped firearm -- only when pre-determined fingerprint data is met,'' said Dr. Geoffrey T. Burnham,
President and CEO of Semiconductor Laser International. ''The concept of the unit will be a butt-mounted sensor. The operator
will place his or her thumb, as normally done when holding a gun, on a disc located in the butt of the gun. If the print matches the
pre-set print, the gun locking mechanism, already manufactured by Saf T Lok, will be disengaged and the gun can be fired
instantly. If the print does not match -- the locking mechanism will not disengage.''
''With this added technology, we are taking a major step into the future and opening up new market opportunities,'' said John
Gardner, President and CEO of Saf T Lok. ''We plan to offer the developed fingerprint technology as an additional means to
instantly release the mechanical Saf T Lok. Because laser technology requires the use of a battery, any laser equipped lock can
still be unlocked mechanically, should the batteries fail. However, in the area of shotguns, rifles, etc., which can accommodate
larger batteries, this technology could be more effective.''
Mr. Gardner went on to say, ''As of this time, we have successfully accomplished the manufacturing of our grip locks for
revolvers and our magazine locks for semi-automatic handguns and are aggressively shipping to our distributors and fulfilling their
orders. This new technology would provide gun owners the option of adding this feature to the already existing Saf T Lok(TM)
gun lock.''
''Recent events have made it abundantly clear that gun owners are not securing their firearms,'' Mr. Gardner added. ''The
legislation that has passed in various areas of the country has done so with good intentions, but unless we offer gun owners a
variety of non-obtrusive ways to secure their firearms, unauthorized access to these firearms will only continue to tear our
children, families and society apart.''
SOURCE: Saf T Lok Incorporated
More Quotes
and News:
Saf T Lok Inc (Nasdaq:LOCK - news)
Semiconductor Laser International Corp (Nasdaq:SLIC - news)
Related News Categories: computers, semiconductors
Help
Copyright c 1998 PRNewswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the
prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance
thereon.
See our Important Disclaimers and Legal Information.
Questions or Comments?
|
