Sensar Announces that I.T.E.S Ltd. Has Signed an Agreement with Orange, a Wireless Communications Carrier
SALT LAKE CITY, Oct. 12 /PRNewswire/ -- Sensar Corporation (Nasdaq: SCII) announced today that ITES has entered into a development agreement with the Israeli affiliate of Orange PLC known as Partner ("Orange"). The Orange group has annual worldwide revenues of approximately $2 billion. For more information concerning Orange, see www.plc.orange.net.
ITES is to provide Orange with enabling technology allowing for real time and inventory feed broadcast multimedia to cellular phones or PDAs on demand. The agreement calls for installation of the equipment and enabling technology for the Israeli subsidiary by December 31, 1999. Thereafter, Orange will test the process in the first quarter of 2000 with a full rollout plan for later in the year. As part of the agreement, Orange was given an option to purchase up to 10% of the outstanding stock for a period of one (1) year.
All ITES technology is fully WAP (wireless application protocol) compatible. However, the ITES technology is not reliant on the WAP prepared media. For a more complete discussion of WAP technology, see the Wall Street Journal article of October 11, 1999.
"Orange is one of the most innovative wireless carriers in the world, being at the forefront of developing and applying technologies for the transmission of multimedia to the portable device. This will be ITES' first of hopefully a number of strategic partnerships," stated Sensar Chairman and CEO Howard S. Landa.
ITES has built IM (instant messaging) Suite Servers which will provide instant messaging technology allowing wireless subscribers to receive and send messages regardless of the user's on-or off-line position on the wireless network or the Internet. The IM Suite Server is designed to work with a variety of platforms including GSM, CDMA, CDPD and TDMA, seamlessly linking wireless users between each other and between users on the Internet. The IM Suite Server also offers wireless service providers a complete solution to enable their subscribers to access Internet ICQ users and vice versa.
As previously announced, Sensar and ITES have entered into an agreement for Sensar to acquire ITES as a wholly-owned subsidiary, subject to shareholder approval and the satisfaction of regulatory and contractual conditions.
A conference call is scheduled for 4:30 PM ET today, Tuesday, October 12. The number to call is (888) 550-5969, reference the Sensar Corporation Conference Call. Interested parties who are unable to participate at the scheduled time can access the recorded call for 72 hours following the conference call (allowing 4 hours after the completion of the conference call) by dialing (800) 723-0607. |
