CryptoMetrics (biometric devices and software) Message Board

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Technology Stocks : CryptoMetrics (biometric devices and software)

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From: sPD	4/19/2008 5:24:30 PM
	of 21

Abu Dhabi Police contract (off Yahoo, cannot confirm source) During the six months ended October 31, 2007 Cryptometrics had been requested to submit tender bids on various security oriented projects in the United Arab Emirates. Cryptometrics and Biodentity Systems have recently been jointly notified of an award on one such project in the United Arab Emirates. The award of the contract requires Biodentity to use exclusively Cryptometrics technology to deliver a Face Recognition System to the Abu Dhabi Police. The material terms of the award are as follows: (i) Biodentity is to supply, deliver and install a Face Recognition System, and support and maintain it for a period of three years; and (ii) the contract amount, denominated in the UAE local currency, is equivalent to approximately $4,950,000 and payable in four installments based upon completion and acceptance by the customer. The scheduling and split of responsibility, work and payments between Cryptometrics and Biodentity is presently in the planning stage. Consequently, Cryptometrics believes that the revenues in the six months ended October 31, 2007 do not reflect the revenue run rate for the fiscal year ended April 30, 2008.

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