SSTY -- SSTY Opens Joint Offices With Affiliate of China's Ministry of Industry and Commerce
Feb 07, 2006 /PRNewswire-FirstCall via COMTEX/ -- Sure Trace Security Corporation (OTC: SSTY) previously announced that its joint venture partner, True Product ID Technology (Beijing) Limited ("TPiD"), a joint venture of its 85% subsidiary, True Product ID Technology Limited, and Beijing Suneray Zexin Technology Limited, has signed a cooperation agreement with the China Consumer Journal which is a subsidiary company of the Ministry of Industry and Commerce.
Through the cooperation with the China Consumer Journal, which also produces anti-counterfeiting labels similar to Brand315, TPiD will work with the Ministry of Industry and Commerce to provide them with SSTY's scanning and KMACK technologies.
Under that agreement, SSTY is to provide its proprietary solutions for loss prevention and anti-counterfeiting purposes across an entire spectrum of products and goods. Now the 315 System has said that it also plans to use TPiD's technology to enhance other anti-counterfeiting technologies themselves ... not just goods and services.
SSTY Chairman James MacKay stated, "Our technology will now be used by the 315 System to provide individualized and integrated anti-counterfeiting solutions to different industries and products possessing different anti- counterfeiting technologies, including digital, holograms and fabrics/textiles ... in addition to our own S-DNA technologies."
TPiD and the China Consumer Journal have established a working group, in which each of the two parties will assign staff to work jointly on the projects and those offices have been set up inside the China Consumer Journal's offices.
About Sure Trace Security Corporation
Sure Trace produces integrators for anti-counterfeiting and security surveillance applications and is a provider of integrated tracking devices. The Company intends to deliver turnkey solutions for governments, armed forces, and industry, through its own proprietary technology and through aggregating the technology, products, and services of third parties via licensing agreements and or joint ventures. For more information go to: suretrace.com.
SOURCE Sure Trace Security Corporation
CONTACT: Michael Cimino, President of Sure Trace Security Corporation, +1-215-972-6999, or
michaelc@suretrace.com
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