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Microcap & Penny Stocks : The Microcap Kitchen: Stocks 5¢ to $5

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To: GARY P GROBBEL who wrote (25251)2/1/2005 1:26:43 PM
From: GARY P GROBBEL  Read Replies (3) of 120415
 
BYT.TO $1.90 US...don't lose sight of this play:

Rev up 53%- record qtr:

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KEY PR-

US Department of Homeland Security to Implement Bioscrypt Technology as Reference Biometric for Transportation Worker Identification Card Prototype Program
Tuesday January 11, 7:00 am ET

Transportation Security Administration Licenses Bioscrypt Core and Purchases MV 1200 Modules for User Verification
TORONTO, Jan. 11 /CNW/ - Bioscrypt Inc. (TSX: BYT - News), a leading provider of identity verification technology, announced today that BearingPoint, Inc. has selected software and hardware offerings from Bioscrypt for use in the U.S. Department of Homeland Security's Prototype Phase of the Transportation Worker Identification Credential Program (TWIC).
The $12 million program awarded to BearingPoint in August is expected to last 11 months, involving some 200,000 transportation workers in three regions and 40 sites including: Camden, N.J., Islip, N.Y., Philadelphia and Wilmington, Del.; the ports of Los Angeles and Long Beach, Calif.; and the 14 major port facilities in Florida.

The goal of the program is to improve security, enhance commerce and protect personal privacy by establishing a system-wide common credential used across all transportation modes for all personnel requiring unescorted physical and/or logical access to secure areas of the national transportation system.

Bioscrypt's fingerprint verification technology will be used to verify the identities of transportation workers involved in this prototype program. The Transportation Security Administration has previously announced that, following the prototype, its intent is to deploy the TWIC to 6 million transportation workers.

"We applaud the US federal government's commitment to enhancing the security of the nation's transportation facilities using leading-edge technological tools and are extremely proud to be an integral part of the Prototype Phase of the TWIC program," stated Robert L. Williams, President and CEO, Bioscrypt. "Our inclusion in this significant initiative further supports our belief that there is growing demand for Bioscrypt's leading fingerprint verification technology as part of US Government programs."

About Bioscrypt Inc.

Bioscrypt Inc. is a leading provider of identity verification technology. The Company's solutions combine the convenience of touch with the high security of fingerprint-based biometrics for simple and secure access to facilities, equipment and information. Using the "bioscrypt on board(TM)" brand, the Company offers packaged products, OEM components and software licensing to leading security solution manufacturers and integrators worldwide for physical, wireless and network security applications. Among the many leading edge companies and partners using Bioscrypt technology are the U.S. Army, NASA, American Express, the New York Police Department, Kronos, NATO, Continental Airlines, Intel, Atmel, HID Corporation, Honeywell and Northern Computers. Bioscrypt's patented technology is interoperable with leading fingerprint sensors and is both platform and operating system independent. Bioscrypt is traded on the Toronto Stock Exchange under the symbol BYT. For more information, visit the Bioscrypt Web site at www.bioscrypt.com.
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KEY PR_

Toronto, ON -- October 6, 2004

Bioscrypt Teams with IBM, ActivCard, GE Security, Imageware and Verisign to Deliver Secure Identity Management Solution
Bioscrypt Technology Provides Biometric Verification Functionality to Comprehensive Security Solution
Toronto, ON (October 6, 2004) - Bioscrypt Inc. (TSX: BYT), a leading provider of identity verification technology, announced today that they have partnered with IBM, ActivCard, GE Security, Imageware and Verisign to offer business and government agencies a secure identity management solution.

The new solution extends ID management beyond the current process of establishing a user’s identity using network software, by integrating “physical” identity characteristics established by the emerging technologies of biometrics, smartcards and badge-readers. It is designed to add additional layers of secure authentication into the basic processes that businesses and agencies use in their day-to-day operations. Thus, organizations can simultaneously protect their “logical” assets – data, applications and IT networks – along with their physical assets such as buildings, workplaces and grounds.

Bioscrypt’s award winning fingerprint biometric algorithm provides the essential link to the user by verifying that you are who you say you are, instead of "what you have" or "what you know". By providing biometric verification technology that supports a range of fingerprint sensors and devices, Bioscrypt's technology offers the interoperability that is critical for enterprise deployment. In essence, Bioscrypt’s technology provides ‘glue’ that links together biometric templates used for the authentication of a user across physical and logical access, using a wide range of sensor inputs and template storage databases.

“We are pleased to have partnered with these leading organizations to provide a strategic solution. The solution that is now being offered is a testament to the increasing requirement for innovative security technologies that include biometric technology,” stated Robert Williams, President and CEO, Bioscrypt. “As demand for more secure and accurate identity verification systems increases, Bioscrypt will continue to deliver its award winning technology to market.”
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