Three Leading Keyboard & Point-of-Sale Manufacturers to Integrate Biometric ID's Advanced OEM Fingerprint Verification Devices
June 10, 1999 7:37 PM EDT
VANCOUVER, British Columbia--(BUSINESS WIRE)--June 10, 1999--
Ingenico, Key Source, and Tipro Have All
Selected Veriprint Technology from Biometric
ID for Integration Into Their Product Lines
Biometric Security Corp. (Vancouver: BMS) is a public company whose mission is to become a global leader in the biometrics industry. It has an agreement to acquire 45 percent of the private, California-based company Biometric Identification, Inc. (Biometric ID), and currently has made payments totalling US$3.6 million for debentures convertible into 36.8 percent of the company. Biometric ID was launched in 1996 to produce advanced, comprehensive and cost-effective fingerprint-based biometric hardware and software solutions.
Biometric Security Corp. is pleased to report today that Biometric Identification, Inc. (Biometric ID), a leading provider of fingerprint identification systems, has announced that the companies Ingenico, Key Source and Tipro have selected Biometric ID's embedded original equipment manufacturer (OEM) fingerprint verification modules for integration into their respective product lines.
"The adoption of our OEM biometric modules by these leading manufacturers is another strong endorsement for the use of Biometric ID technology in support of keyboard and point-of-sale (POS) based fingerprint verification," said Bob Kamm, President and CEO of Biometric ID. "We are pleased to welcome Ingenico, Key Source and Tipro to the group of over 50 organizations that are integrating our cost-effective embedded fingerprint verification modules into their product lines. With such growing support for biometric technology at the embedded hardware level, we firmly believe that an excellent market opportunity is now emerging for those software vendors that choose to add support for this technology to their applications."
Biometric ID's product line includes a range of OEM fingerprint recognition modules smaller than a business card that reliably verify an individual's identity in less than one second. Each individual product set employs Ridge Recognition(tm), the company's proprietary fingerprint verification algorithm that leverages 20 years of experience designing high-tech systems for the US Department of Defense. This patented technology uniquely adjusts for real-world conditions such as the effects of swollen, aged, dirty, scarred or cut fingers, the main pitfalls of other technologies. Standalone devices are also available from Biometric ID for those situations where a host computer is not available or not considered secure.
"The Biometric ID technology enables us to add another dimension of value to the keyboard-based products we can offer our customers," said Phil Bruno, VP of Marketing and Sales for Key Source. "The ease with which we can integrate this technology allows us to use it with any input device, based on specific customers' needs. Many of our banking and financial market customers have asked us to produce security products, and the Biometric ID technology will enable us to respond to those requests."
"We chose to work with Biometric ID technology because it is inherently more flexible, while also being more cost-effective than alternative solutions," said Andrej Zupanic, Product Manager at Tipro. "We particularly appreciate the Image Sensor Interoperability that Biometric ID offers, because it doesn't restrict us to the use of any one sensor manufacturer or type of imaging hardware."
"Ingenico adopted the use of Biometric ID technology because they are clearly an established leader in the biometric industry," stated Gerard Compain, Managing Director of Ingenico Group. "We selected the MV1100 fingerprint verification module because it is based on field-proven biometric technology, and it provides us with the flexibility to use virtually any sensor component that we want to employ."
All of Biometric ID's OEM modules are engineered to function with the leading silicon fingerprint sensors. OEMs do not need to re-enroll fingerprints if they decide to change their sensor hardware or if they require multiple types of sensors based on particular needs. With Biometric ID's versatile fingerprint verification solutions, an original enrollment captured on one sensor is always maintained and employable in the event that verification is required on a sensor made by another leading provider.
Biometrics is the automated identification of an individual based on their unique physiological features. In a large percentage of the world marketplace, biometrics is manifesting itself in fingerprint verification and authorization technologies for office and home security, building access control, time and attendance systems, smart card and point of sale terminals, electronic commerce systems, computer networks and mobile communication devices.
About Ingenico:
The world's largest provider of EFT-POS smart card based terminals, Ingenico Group is the global provider of secured payment systems. Ingenico Group has been designing, manufacturing and marketing EFT-POS hardware (EFT-POS terminals, concentrators, and cheque readers-writers) for 20 years. Ingenico Group also has developed a software library for the management of leading payment cards: Visa, Mastercard, American Express, Diners, JCB and Europay. Operating on 5 continents through its subsidiaries and distributors, the listed (INGE.PA) Paris-based Ingenico Group has developed a network of international customers. Ingenico Group is the Reference Shareholder of IVI Checkmate.
About Key Source:
Headquartered in Hayward, California, Key Source International is a leading manufacturer of commercial grade wireless and point-of-sale computer keyboards.
About Tipro:
Headquartered in Ljubljana, capital of Slovenia, Tipro is dedicated to serving the niche market for specialist keyboards on a worldwide basis. Through integration of first class mechanical switches, strong engineering, and in-house manufacturing of most of its products, Tipro maintains a commitment to high quality keyboard production without compromise. With the introduction of its first programmable keyboard in 1989, the innovation of continuous "spiritus movens" of Tipro was confirmed. This led to MID -- the Modular Input Device -- a truly unique product among keyboards currently on the world market. Tipro currently serves customers throughout Europe and also sells its products in Japan, Australia, and North and South America.
For more information, please visit the Biometric Security Corp. website at www.fingerprintid.com or the Biometric ID website at www.biometricid.com.
The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this release.
Cautionary Notice: This release contains forward-looking statements reflecting the Company's expectations or beliefs concerning future events which could materially affect Company performance in the future. The Company cautions that these and similar statements involve risk and uncertainties and are qualified by important factors, including competitive pressures, unfavorable changes in regulatory structures, and general risks associated with business, which could cause actual results to differ materially from those in the forward looking statement. Forward-looking statements are made in the context of information available as of the date stated. The Company undertakes no obligations to update or revise such statements to reflect new circumstances or unanticipated events as they occur.
On Behalf of the Board of Directors of
BIOMETRIC SECURITY CORP.
Wayne D. Johnstone, Director
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