Company Press Release
Grandeur Inc. - Announcement
MONTREAL--(BUSINESS WIRE)--Oct. 29, 1998--GRANDEUR (NASDAQ:GDER; NASDBB SYMBOL:GDER)
Alcatel Bell nv, Belgium, Alcatel CIT SA, France, Algosystems SA,
Greece, Centre de recherche informatique de Montreal, Canada, France Telecom CNET, France, GMD, Germany, Hitachi Ltd [NYSE:HIT], Japan, Imperial College of Science Technology and Medicine, United Kingdom, University College London, United Kingdom and The University of Surrey, United Kingdom chose the del-ID authentication system
Following a conference held in Montreal with the participation of all members from the consortium of companies mentioned above, contracted by the Commission of the European Community (CEC) in the MIAMI project (Mobile Intelligent Agents for Managing the Information Infrastructure), the del-ID technology has been chosen and will be included in case studies and scenarios of the MIAMI project, says Dr. Stefan Covaci, the MIAMI project leader.
The consortium of companies contracted by the Commission of the European Community has been formed to create standards in Mobile Agents Software for the telecommunication field of the 15 European Governments.
According to Mr. Pierre de Lanauze, president of delSecur, the news confirms that the del-ID technology is truly the key to the future in many fields of personal and business security. Its integration within the structure of the project demonstrates its attributes such as privacy, accessibility, while providing the highest level of security. Therefore the conclusion of the scientific evaluation report published last October by the world recognized ''Centre de recherche informatique de Montreal'' (CRIM), confirms the above allegation.
The integration of the del-ID within the MIAMI project presents various opportunities for the company and its partners concerning the many different projects which are presently being developed. This far-reaching project began in March 98.
The del-ID system is marketed by delSecur, a Canadian company wholly owned by Grandeur Inc., a company listed on NASDBB.
Information contained in this news release other than historical information, should be considered forward-looking and is subject to various risk factors and uncertainties. For instance, the strategies and operation of Grandeur Inc. involve risks of competition, changing market condition, changes in laws and regulation affecting these industries and numerous other factors discussed in this release and in the Company's filings with the Securities and Exchange Commission. Accordingly, actual results may differ materially from those in any forward-looking statements.
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