"NEWS"
AcSys Biometrics and netRequisite, Inc. To Co-develop and Implement Software
BURLINGTON, ON, Nov 20, 2001 /PRNewswire via COMTEX/ -- Nexus Group International Inc.'s (NXS:TSE) AcSys
Biometrics Corp. and netRequisite, Inc., a San Francisco, CA.- based boutique consultancy firm specializing in internet
technologies, have entered into a Letter of Intent to co-develop and implement software for face recognition, internet-enabled
transactions primarily for the financial market.
"After a thorough, careful analysis of biometric technology providers and the needs of the marketplace, AcSys Biometrics was
clearly the partner of choice based upon their best-of-breed technology and their 'can-do' attitude. We are convinced this
alliance will allow us to quickly give our clients the best secure financial transaction solutions available," said Artie Perez,
netRequisite's Vice President of Business Development.
The strategic alliance built between AcSys Biometrics and netRequisite will work to, amongst other things, develop a
platform-independent version of the AcSys authentication engine and in so doing implement products for their clients, including
Bank of America.
AcSys Biometrics is the leading provider of neural technology that mimics the analytical processes of the human mind. AcSys
Biometrics owns the exclusive worldwide-patented Holographic/Quantum Neural Technology (HNeT) license for face
recognition applications. AcSys' Face Recognition System (FRS) is designed to recognize human faces in multiple applications
under challenging environmental conditions. It is the only face recognition technology capable of recognizing up to four
individuals at one time. Furthermore, because AcSys' FRS uses HNeT technology, it is uniquely able to learn. With this ability,
every time it recognizes an individual it updates its memory, thus accommodating gradual changes in physical appearance over
time. AcSys' FRS does not need to keep photographs of individuals in its database in order to remember them so this
technology is not invasive of privacy.
"AcSys Biometrics is very excited about its future prospects with netRequisite. This highly complementary relationship launches
AcSys into the financial online transaction marketplace with a highly regarded firm and opens up unprecedented opportunities
to leverage our combined resources," said Jerry Janik, president and CEO, AcSys Biometrics Corp.
netRequisite's core competency is to build and maintain secure, low- latency, high-volume transaction processing systems in
distributed environments. By combining proven project management techniques, creative, results-driven engineering talent, and
vast experience building financial transaction processors, P2P (person-to-person) payment systems, auction exchanges, smart
card systems, and web banking infrastructures, netRequisite has rapidly implemented reliable, flexible solutions to the most
difficult challenges facing its clients.
AcSys Biometrics is a joint venture between NEXUS Group International Inc. and AND Corporation, the owner and
developer of the patented, proprietary Holographic/Quantum Neural Technology (HNeT). AcSys is the leading-edge provider
of facial recognition through its exclusive worldwide license for face and speech recognition based on the core software -
HNeT - with applications for the financial, manufacturing, security and medical sectors.
NEXUS is a Burlington, Ontario-based, organization focused on leading- edge technologies. Its goal is to position itself as the
leader in biometric technology and other advanced fields. NEXUS trades on the Toronto Stock Exchange as NXS.
SOURCE NEXUS Group International Inc.
CONTACT: Darlene Marks, Director, Communications, NEXUS
Group International Inc., 399 Pearl Street, Burlington, Ontario, L7R 2M8,
Phone: (905) 634-4111, Fax: (905) 634-1101, info@nxsgrp.com,
www.nxsgrp.com; Andre Lockhart, Director, Business Development, netRequisite,
1676 Market Street, San Francisco, CA 94102, Phone: (415) 554-0400, Fax:
(415) 552-3208, andre@netrequisite.com, www.netrequisite.com
(NXS.)
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KEYWORD: Ontario
INDUSTRY KEYWORD: CPR
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