SEHO .35 Sense Holdings Files New Patent for MEMS-Based Handheld Explosives Detection Technology; Landmark Filing Brings Sense's Patent and License Total to 12 and Further Strengthens IP Portfolio Monetization Potential
Business Wire - November 18, 2005 16:01
FORT LAUDERDALE, Fla., Nov 18, 2005 (BUSINESS WIRE) -- Sense Holdings, Inc. (OTCBB:SEHO) (FWB:OUP), a developer of next-generation biometric and explosive detection security technologies for government and commercial security markets, today announced its landmark filing of a new patent related to an advanced handheld explosives detection technology.
"This landmark filing brings to twelve the total number of exclusive worldwide patents and licenses Sense now has pending and issued, and substantially reinforces the monetization potential of our valuable intellectual property assets," said CEO Dore Perler.
The new patent relates to advanced explosives sensor technology based on the cutting-edge science of Micro Electro-Mechanical Sensors (MEMS). These microstructures also serve as a technology base upon which the Company is currently co-developing a handheld, explosives detection device with the Oak Ridge National Laboratory, which is part of the U.S. Department of Energy.
"The main advantages of Sense's proprietary explosives detection technology include very low cost, extremely high sensitivity and real-time operation," Mr. Perler said.
Essentially, MEMS structures are fabricated in a very similar fashion to mass-produced electronic integrated circuits, and can be developed as sensors to detect a range of substances, including explosives, chemical, biological and narcotic. These microstructures are commercially manufactured for a number of current applications, ranging from atomic force microscopes to deceleration sensors for automotive airbag deployment systems.
Sense also plans to eventually deploy a product line of innovative handheld detectors with varying substance-sensing capabilities to governments, airports, and law enforcement agencies, as well as to private companies, stadiums, coliseums and many other possible targets in the United States and around the world. A first-generation handheld explosives detector is expected to be ready for marketing by mid-2006.
About ORNL
ORNL is a multi-program science and technology laboratory managed for the U.S. Department of Energy by UT-Battelle, LLC. Scientists and engineers at ORNL conduct basic and applied research and development to create scientific knowledge and technological solutions that strengthen the nation's leadership in key areas of science; increase the availability of clean, abundant energy; restore and protect the environment; and contribute to national security. ORNL also performs other work for the Department of Energy, including isotope production, information management, and technical program management, and provides research and technical assistance to other organizations.
About Sense Holdings, Inc.
Sense Holdings is a developer of next-generation biometric identification systems, and nanotechnology-based micro-sensor technologies for government, military and commercial security marketplaces. The Company's wholly-owned subsidiary, Sense Technologies, deploys proprietary biometric technology based on advanced fingerprint technology and biometric integration to create a range of solutions for prisoner identification, time and attendance, access control applications and other markets. Sense's major customers include the U.S. Army, the U.S. Department of Corrections, American Airlines and others. A second wholly-owned subsidiary, MSTI, is an emerging nanotechnology-based explosives detection technology development division developing a pipeline of advanced bomb detection technologies, including a prototype handheld explosive detection wand device for Homeland Security applications in airports and other security checkpoints. This hand-held detection alternative is designed to be a cost-effective solution with extremely high detection sensitivity and real-time operability. Currently, a proof-of-principle prototype is undergoing further research and development at the U.S. Oak Ridge National Laboratory. For investor-specific information about Sense Holdings, including recent share price data and news announcements, please visit trilogy-capital.com. To view or download an Investor Fact Sheet about the Company, please visit trilogy-capital.com. Sense is also listed on the Frankfurt Stock Exchange under the ticker symbol, OUP. For other information, please visit senseme.com.
Cautionary Statement
This presentation includes statements that may constitute "forward-looking" statements, usually containing the words "believe", "estimate", "project", "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products and services in the marketplace, the ability of the Company to develop effective new products and receive governmental approvals of such products, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's filings with the U.S. Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
SOURCE: Sense Holdings, Inc.
Sense Holdings, Inc., Fort Lauderdale
Dore Perler, 954-726-1422 x 101
dore@senseme.com
or
Investor Relations:
Trilogy Capital Partners
Paul Karon, 800-592-6067
paul@trilogy-capital.com
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