SBTI,
Full filing,
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Excerpt from the filing
Nature of Biometrics Security, Inc. Business
Security Biometrics, Inc. was created to specifically develop, market under
license and distribute dynamic biometric technologies specific to the security
applications of banking and financial transactions. These include, but are not
limited to: dynamic gesture recognition technology (GRT), and dynamic signature
verification (DSV). It is important to note that, GRT is a dynamic system that
can be developed to interpret the biometric characteristics of hand gestures and
signatures using sophisticated software algorithms and performed on the
proprietary touchpads, which are deemed superior to existing input and pointing
technologies.
There is a pressing market pull for a new biometric security interface solution
sets with reputed industry leaders and analysts openly declaring the need for
new biometric solutions, as well as the utility of gesture devices over the
increasingly outdated interface set.
Security Biometrics is seeking to improve and expand the availability of passive
and dynamic biometric security systems to be placed under license for marketing
and distribution to the banking and financial transaction system.
Security Biometrics is positioning itself as a key provider of biometric
security interfaces that will offer a wide array of "end-to-end" solutions
targeted towards the specific multi-trillion dollar banking and financial
transaction market segments.
The past four decades have seen an astonishing and unprecedented revolution in
electronic technology. In the last two decades, with the increase in computing
power, miniaturization, and communications technology, losses through fraud to
the banking and financial transaction industries have been mounting to
staggering proportions fostered by this corollary revolution in information
technology. Simultaneously, the number of transaction applications has expanded
to match the growth in the Internet and electronic
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commerce. As a result, people now interact with computers on a daily basis, both
at work and in their personal lives.
Despite the rise in electronic transactions, little has been done to bring the
user's security interface up to par with current state of biometric
technologies. The need for secure access and identification in an increasing
number of applications, including banking and financial transactions, corporate
security, application and data access, as well as secure identification and
access to all sensitive applications and transactions based on the Internet,
including but not limited to, electronic commerce, is growing.
This provides Security Biometrics with an exceptional opportunity. The Company's
mission, "TO MAKE SECURITY APPLICATIONS FOR BANKING AND FINANCIAL TRANSACTIONS
SIMPLE, NATURAL, AND EFFECTIVE"--addresses precisely the present gap in security
technology. |
