FROM RAGING BULL ... lots more DD on EISQ
Cory- whether this goes up dramatically from here depends on news and the vision of shareholders here. If they don't get prematurely panicked out by bashers or tricky MM's and don't mind putting up with some games for a while, this could be a really good 30 day stock and perhaps a great long term investment, but as usual it might take some patience and buying of the dips to succeed. This stock has all the right ingredients, especially HP, but also a high demand product and a technoloigcal advantage.... and low shares O/S
By: sammy_ol
Reply To: None
Wednesday, 2 Feb 2000 at 2:31 PM EST
Post # of 4504
HP and EISQ go back a long way, READ
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Abu Dhabi, United Arab Emirates (UAE), October 27, 1999: Electronic Identification, Inc. (OTC BB: EISQ), developer
of Smart ID Card technology supported by a state-of-the-art intranet framework, today announced an agreement with
International Trading Company (ITC), a subsidiary of the Al Hamed Group (alhamed.com), one of the largest
conglomerates in the Arab Gulf Cooperative Council (AGCC).
ITC has several wholly owned subsidiary companies including International Engineering Technology (IET), the new
technology bastion, which provides specialized products and services in the UAE, the AGCC and other countries in
the Middle East. The Al Hamed Group of companies includes Group 4 Securitas Emirate, a company formed in 1995
in association with Group 4 International, the world's largest security organization operating in over 43 countries. Group
4 International has been in business for more than 100 years.
"With our relationship with ITC and our teaming partner, Hewlett Packard (NYSE: HWP), and other leading technology
companies, EIý can now proceed to close proposals that are now on the table in the Middle East, projects that include
detention facilities, non-resident workers permits, electronic ID for millions of Hajj pilgrims and electronic visas," said
Terry Kirby, CEO of EIý.
ITC is equally excited about the new relationship. "EIý brings a major new revenue opportunity to ITC and its technology
and security divisions. We anticipate much interest and participation both from governments and industry in the
implementation of EIý's Smart ID Card technology. We will begin demonstrations of the technology within 15 days and
anticipate closing contracts in the near term," stated Mr. Abdul Kader Diab, ITC Business Development Manager.
"Move To Introduce Unified AGCC Visa" is the headline quote dated October 14, 1999 from The Gulf, an English
language daily newspaper for the Gulf Region. The article states "A proposal to introduce a unified AGCC entry visa is
to be discussed by Under Secretaries of Arab Gulf States at their meeting in Abu Dhabi today. When approved,
expatriate residents of the six member states will be able to travel to any of these countries without a separate entry
visa. Visitors will also be able to travel across the Gulf States after obtaining the unified visa as is the case with the
European Community." It further states "The move is in line with a decision taken by Arab interior ministers at their
meeting in Amman earlier this year to facilitate movement of residence visa holders of these countries." AGCC Interior
Ministers are scheduled to hold a meeting in Al Ain, UAE on November 2 and 3, 1999 to discuss the above.
EIý develops and markets electronic identification issuing and authentication systems. It also provides an intranet
based framework for the issue of fraud and tamperproof ID cards via its flagship product line, the Electronic Personnel
Identification and Control Systems (e*PICS). E*PICS and Smart ID Card allow for the rapid development of customer
specific applications that include the integration of legacy systems.
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Alameda, CA, May 20, 1999. Electronic Identification, Inc. (EIý) (OTC: BB EISQ), developer of electronic identification
issuing and authentication systems, announced a breakthrough electronic identification card technology for the issue
of fraud and tamperproof ID cards. e*PICS (Electronic Personnel Identification and Control Systems), the Company's
flagship product line, combines radio frequency technology and biometric identification technologies to create a
proprietary identification system that not only identifies the user, but also guarantees their identity without passwords
and PIN numbers.
"We believe e*PICS to be highly effective in successfully controlling the flow of people across borders, within facilities
such as prisons, and for other sensitive security applications," said Terry Kirby, Chairman and CEO of EIý.
The e*PICS architecture consists of registration, authentication and Intranet framework components:
e*PICS Registration Station: A digital camera and ultrasonic fingerprint reader are integrated into a web enabled, thin
client workstation that provides the operator a standard browser interface to create a digital profile of the target
individual by capturing a digital fingerprint, photograph and personal details. This is converted into a digital signature
(a reduction down to 1 KB) using proprietary, patented software compression technology, and then burned into a chip
in the e*PICS ID card. The digital profile is printed upon its face.
e*PICS Authentication Reader: e*PICS authenticates the validity of an e*PICS cardholder by extracting the digital
signature from the card through a radio frequency reader. A network link can be automatically established to check
against any recent updates to the cardholder's security file.
e*PICS Intranet Framework: e*PICS registration and authentication readers, as well as third party security
technologies, are integrated into back office applications using the e*PICS Intranet Framework. It allows the rapid
tailoring of a wide variety of application specific security scenarios as well as integration with legacy systems.
EIý is a Hewlett-Packard, Oracle and Bluestone Software partner, and markets its products globally. More information
about EIý can be found at eisq.com.
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San Jose, California, January 27, 2000: Electronic Identification, Inc. (OTC BB: EISQ), developer of Smart ID Card
technology supported by a state-of-the-art Intranet framework, today announced EI2 and HP (HWP-NYSE) have
strengthened its teaming agreement to meet challenges of capturing the Middle East business. The companies are
completing an agreement to match funds to accomplish the technology roadmap and pre-sales engineering
objectives. EI2 will lead a comprehensive analysis of its technology with the goal of establishing a roadmap leading to
the complete merger of EI2's innovations with mainline HP smart card architecture. At the same time, an evaluation of
the latest innovations in embedded chip technology, digital cameras and finger print readers will be conducted.
Conceptual architectures for network computing systems and legacy system integration will be created.
The following is a direct reprint of an article in the San Jose and Silicon Business Journal, entitled:
Safer smart cards goal of partnership
BY LORNA FERNANDES
Special to The Business Journal
Hewlett-Packard Co. has sealed a partnership with Vancouver, Canada-based Electronic Identification Inc. to enhance
security on smart cards. The companies are working together on three projects totaling $500 million for customers in
the Middle East, and have several joint projects slated for Europe. Both firms were sketchy on the details of the
contract because of a need for secrecy. HP has been researching and deploying smart card technology for several
years, and has a facility of about 4000 employees working specifically on smart cards in Grenoble, France. But
Electronic Identification brings more to the table, said Donnie Foster, HP general manager of e-solutions for the
Americas. "[The company] uses an interesting technology that allows more information to be stored on the card," Mr.
Foster said. Smart cards are used for identification and security. The technology stores information about the
cardholder on a chip that is surrounded by an antenna and embedded on a card. The card is then placed in the
proximity of a card reader, which recognizes the card and approves or negates entrance or access to information.
Electronic Identification's compression software allows customers to include photos and finger- or handprints on the
chip, which make it desirable for high security clients and government agencies. While technology companies such as
HP have been trying for years to ignite interest in smart cards in the United States, the cards have caught on in Europe
and the Middle East at a fevered pitch. The technology was introduced in Europe while Europeans were still
conducting most transactions in cash, so it was easily adopted, Mr. Foster said. In the United States, Americans had
made the transition from cash to credit and were not easily swayed.
"HP has committed to supply all systems integration, hardware and people," said Terry Kirby, chairman and CEO of
Electronic Identification. "We are providing the software."
The company has a small office in Alameda and is planning to open a satellite office near the HP campus in San Jose.
It also plans to house employees and equipment in HP's Cupertino offices by year-end.
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Lorna Fernandes is a staff writer with the San Francisco Business Times, a sister publication.
"With this agreement in place", added, Mr. Terry Kirby, Chairman & CEO of EI2, "working with HP opens a lot of new
doors for us. HP with its new aggressive philosophy and its lead in the "Smart Card" technology is one of the few
companies that has the global clout and presence to successfully assist EI2 in closing our existing government
business as well as implementing and promoting EI2's e*PICS technologies and solutions in the global market place
that is ripe with major opportunities."
By taking advantage of market demand and the "Smart Card" experience offered by the Grenoble, France component
of HP, along with the global consulting unit of HP, EI2 will be able to mobilize both leading design proven services with
24x7 uptime and 99.9% efficiency HP hardware and the very cost effective electronic identification solutions provided
by EI2. "The companies together will build a "Smart Card" solution that should quickly become an industry standard for
the issue of Identity and Residence Cards as well as Electronic Visas. We at EI2 could not ask for a better systems
integrator and the prominent and superior quality of HP products as well as its global services and support
organization." said, Terry Kirby.
EI2 develops and markets electronic identification issuing and authentication systems. It also provides an Intranet
based framework for the issue of fraud and tamperproof ID cards via its flagship product line, the Electronic Personnel
Identification and Control Systems (e*PICS). E*PICS allows for the rapid development of customer specific
applications that include the integration of legacy systems.
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EIý offers solutions to governments and corporations who need to identify people in secure, convenient and cost
effective ways. EIý develops systems which combine radio frequency technology and biometric identification
technologies to effectively control the flow of people and information in offices, over the Internet or across borders, as
well as for highly sensitive security applications such as passports, driver licenses, credit, banking and access control
cards.
Products
To guard against the use of false identification cards, EIý has created electronic identification systems which combine
radio frequency and biometric imaging technologies to digitally encode fingerprints, photographs and personal details
onto a microchip using the company's proprietary compression technology. The Company's flagship product line, the
Electronic Personnel Identification and Control Systems, (e*PICS), allows for the rapid development of customer
specific applications that include the integration of legacy systems.
Biometric Technology
Biometric technologies are systems and software that automatically identify and verify an individual by unique physical
characteristics. Examples include products that use face, iris, hand, fingerprint and voice measurements in
environments such as border control, access control, financial transactions, time and attendance, and law
enforcement.
Partners and Agents
The company has aligned itself with industry leaders such as Hewlett-Packard and Oracle to develop customized,
comprehensive solutions that ensure EIý and its customers remain at the forefront of all technological advancements.
Management
An experienced management team, supported by world-class consultants, ensures the development and production of
technologically advanced, cost effective electronic security products.
Corporate Information
EIý is a public company (OTC BB:EISQ) with its head office and research and development facilities in British
Columbia, Canada.
Electronic Identification, Inc.
Suite 411, 1200 West Pender Street
Vancouver, BC V6E 2S9
Canada |
