TORONTO--(BUSINESS WIRE)--June 22, 2000--Mytec Technologies Inc. (TSE:MYT.), a world
leader in biometric technologies, today announced the launch of Bioscrypt(R) and a range of innovative
Bioscrypt-branded products that will enable revolutionary biometric security for a host of applications
including portable e-commerce devices.
The launch of Bioscrypt and Bioscrypt-branded products is the next step in Mytec's drive to
commercialize biometric technologies, through licensing to end users, Original Equipment
Manufacturers, integrators and solution providers.
"This is an important step in Mytec's evolution from R&D-centered company to an enterprise that
effectively markets and sells its technologies on a global basis," said Pierre Donaldson, President and
CEO of Mytec. "Bioscrypt embodies the unique intellectual property of Mytec, and as a distinct brand,
unifies our solutions and positions us very strongly as we move our focus to market development. We
are confident that Bioscrypt is a strong go-to-market strategy."
Mytec's innovative Bioscrypt technology securely binds a user's credentials to a biometric, removing
the need for traditional word or numeric passwords that can be forgotten or stolen. Biometric science
involves precisely measuring a physiological (fingerprint, for example) characteristic to identify and
authenticate a person's identity.
"Our Bioscrypt technology and now brand is poised for dramatic growth because of factors such as
the need to secure mobile e-commerce, greater consumer and corporate awareness of the
effectiveness and value of biometric technology and the growing incidents of `identity theft' from
computer network hacking and fraud," said Donaldson. "Our goal is to capitalize on this demand by
entering the market with a strong, trusted and recognizable family of branded technologies that meet
the needs of our customers and partners."
The Bioscrypt product line consists of:
Bioscrypt(R) Core, an accurate biometric authentication algorithm for integrating into devices
possessing on-board processing capability, such as cellular telephones.
Bioscrypt(R) Portable, formally known as MPAD, a low-cost, battery-operated, single circuit-board
solution for integration into portable m-commerce devices such as PDA's.
Bioscrypt(R) Enterprise, formally known as Touchstone Pro, a trusted biometric solution for IT security
applications such as NT logon and Web Authentication.
Bioscrypt(R) Access, formally known as Gateway, a robust authentication system that can be
seamlessly added to existing physical access control systems.
About Mytec
Mytec Technologies Inc. specializes in the development and licensing of biometric technologies -
software and stand-alone hardware - to Original Equipment Manufacturers and other customers
requiring state-of-the-art security. Providing unparalleled authentication that goes well beyond
traditional identity methods such as passwords or entry cards, Mytec's technologies have the potential
to enable secure wireless e-commerce. Mytec's Bioscrypt binds a user's credentials to a biometric
image. The credentials can only be released upon successful authentication of the user. The Bioscrypt
can be applied to any biometric source, such as fingerprint, iris, face and voice. Through Counterforce,
the Company's wholly owned subsidiary; Mytec also provides alarm monitoring services to more than
60,000 alarm subscribers. Visit our website at www.mytec.com.
Please visit our recently updated website www.mytec.com for more information relating to Mytec's
products.
|
