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Company Press Release
Advanced Precision Technology, Inc., Announces Innovative Holographic and Fingerprint Patents
LIVERMORE, Calif.--(BUSINESS WIRE)--March 16, 2000--Advanced Precision Technology Inc., (OTC pink sheets:APRE) a Livermore based developer of innovative identity verification systems using biometrics, today announced the granting of two additional patents.
Advanced Precision was granted on March 14, 2000, U.S. Patent No. 6,038,043 for Method of Recording a Holographic Optical Element. APT was also granted on December 14, 1999, U.S. Patent No. 6,002,499 for Real Time Fingerprint Sensor and Verification System.
The systems use innovative holographic optics to capture an undistorted fingerprint image that can be compared directly to a previously loaded ink-based print or ``filter' that is stored as a hologram.
``These additional patents continue to reflect our commitment to putting the science into the art of fingerprinting, and bringing to the world, cost-effective and reliable fingerprint identity verification solutions for the 21st century,' stated Bruce A. Pastorius, President/CEO of Advanced Precision.
APT is currently bringing to market its APrinT HoloPass, a high quality, interoperable front-end fingerprint capture device. This rugged device is plug compatible to Identix's Touchview II, Identicator's DFR-90, and CrossMatch's Verifier 200, and is designed to set new cost/performance standards in the fingerprint capture marketplace.
The company looks to integrate the devices into large federal and state law enforcement and civil projects, as well as commercial applications in conjunction with child identification, Photo-ID cards and access control. APT has begun shipping units to key integrators, pilot programs, and end-users in key target segments.
APT is also finalizing their audited financial statements for 1998 and 1999. It hopes to file its Form 10 by March 31, 2000, to become a fully reporting company and regain its listing on the OTC-Bulletin Board.
``We are very excited to be ready for mass production of our rugged HoloPass and also hope to debut our new direct contact sensor at the upcoming CardTech 2000 conference in Miami in early May.
``These products will give the Company and its shareholders significant sustainable competitive advantages in cost and performance to effectively compete in the rapidly emerging identity verification marketplace.' concluded Pastorius.
For more information, contact Advanced Precision Technology, Inc., Bruce A. Pastorius, President/CEO, via telephone at 925/ 447-6900, fax at 925/447-6901 or visit their web site at www.aprint.com.
Keywords: Biometrics, fingerprints, security, identification, access control
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Contact:
Advanced Precision Technology
Bruce A. Pastorius, 925/447-6900 |
