Merger between SBTI and Netface:
This from the company :
Greetings all!
Security Biometrics is taking an aggressive stance on accomplishing our
business plan. The basic points of this plan can be seen in our Executive
Summary. I urge you to either request a copy from us or to visit our web
site and see it online at
sigbio.com
"The rung of a ladder was never meant to rest upon, but only to hold a man's
foot long enough to enable him to put the other somewhat higher."
-Thomas Henry Huxley
If you have seen the press release of June 20, 2001 you cannot help but
notice that Security Biometrics Inc. is on an upward advance in its
acquisition of NetFace LLC, which will be held as a wholly owned subsidiary.
See: sigbio.com
With the successful completion of this initial acquisition of NetFace LLC,
Security Biometrics now possesses a complete array of technology products to
service the biometric universe as it specifically relates to Gesture
Recognition Technology. We have now expanded our market place to include
video gaming and interactive television which now permits Security
Biometrics entry in to the entire world-wide market of human to machine
interface.
NetFace holds the option-to-license DSI Datotech's (www.dato.com)
proprietary biometric interface technology for the world-wide video gaming
and Internet/interactive television set-top box marketplace. DSI has
produced for NetFace fully functional units of this technology and has
partnered with them to aggressively market this product. With this license,
which is now property of the new combined Company, comes the right of first
refusal to license all DSI's existing and future technologies (excluding PC
input.)
NetFace was the first company to license DSI Datotech's technology for
commercial application. In NetFace's case, it was for the video gaming and
Internet / Interactive television set-top box market. DSI has completed
functioning units for this market, and together, NetFace and DSI have begun
to aggressively market this technology to these industries.
Many mergers seem to lack the synergy that would justify the effort, and at
first blush one would wonder about this one. One could ask, "What do video
games and ATMs have in common?" However there are at least two important
considerations that motivated Security Biometrics.
NetFace has functional units of DSI Datotech's Gesture Recognition
Technology (GRT) that can perform biometric identification with only
software modifications. This fast-tracks Security Biometrics' ability to
present this technology to the financial community.
More importantly, NetFace has (coupled to the exercise of the license) the
"right of first refusal" on the development of existing and future GRT
technologies for other markets outside of PC interface. While sales of PCs
seem to be stagnating, the need for man-to-machine interfaces (MMI) that are
simple, natural and efficient is on the verge of a revolution. Security
Biometrics wants to ensure that it is positioned to ride the crest of that
opportunity.
If you have any questions or if I can be of any assistance, please do not
hesitate to contact me.
Best regards,
Robert
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You have received this information as a result of a request to have this
mailing address added to our list. Security Biometrics Inc. has no intent or
interest in sharing any of your personal information with anybody. On
occasion, about 1 to 2 times a month, information about Security Biometrics
will be sent to this address. To update this contact information, please do
not hesitate to contact us.
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P. Robert Wiebe
Security Biometrics Inc. www.sigbio.com (SBTI)
1410 - 1030 West Georgia St. Vancouver CANADA V6E 2Y3
604 609 7749 - Main
604 609 7715 - Telecopier
866 522 3888 - Toll Free |
