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Technology Stocks : Safeguard Scientifics SFE

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To: still learning who wrote (1779)10/13/1998 8:28:00 AM
From: llwk7051@aol.com  Read Replies (1) of 4467
 
Philips Flat Display Systems and Who? Vision Systems Form Partnership To Develop Highly Secure Fingerprint Authentication Technology

SAN JOSE and LAKE FOREST, Calif., Oct. 13 /PRNewswire/ -- Philips Flat Display Systems (FDS), a division of Royal Philips Electronics of the Netherlands, and Who? Vision Systems, Inc., a leading developer of fingerprint biometric technologies and products, today announced they have partnered to develop and market a new line of highly reliable flat fingerprint sensors for an array of portable computing and consumer electronics products.

The two companies are developing an innovative sensor design that addresses a number of key product requirements:

* Thinness for easy integration with devices such as mobile phones, PDAs

and notebook computers;

* Reliability to ensure only authorized users are granted system access;

* Durability to meet the strict requirements demanded by handheld devices;

and

* Ergonomic features to increase recognition accuracy and ensure user

comfort and convenience.

"Biometric security is an emerging market that allows Philips to integrate our flat display technology and create products that provide added value for our customers," said Matthew Medeiros, Chairman and CEO of Philips Flat Display Systems. "We're entering an image-centric age where the display becomes the human interface surface of portable devices, office environments and entertainment. In the future, all of these activities will involve the use of a flat panel display."

According to Alex Dickinson, CEO of Who? Vision Systems, "The boom in multi-function portable devices has sparked a tremendous need for secure personal identification. Our expertise in developing fingerprint security devices coupled with Philips' innovations in flat panel displays and consumer electronics technologies create an unprecedented opportunity for us to set the direction for the emerging biometric security market."

About Philips Flat Display Systems

Philips Flat Panel Display Systems develops, manufactures and markets state-of-the-art flat panel display products based on active matrix and passive matrix liquid crystal technology. A full line of display panels ranging from 5 to 23 inches are available for desktop monitor, notebook, industrial, automotive and medical system applications. Philips Flat Panel Display Systems is a leading developer and manufacturer of active matrix LCD products in the world. Philips Flat Panel Display Systems is part of Philips Components and is headquartered in San Jose, Calif. It maintains facilities in Europe, the Americas and Asia-Pacific.

Royal Philips Electronics of the Netherlands is one of the world's biggest electronics companies, with sales of over $39 billion in 1997. It is a global leader in color television sets, lighting, home telephony products, electric shavers and recorded music (PolyGram). Its 225,000 employees in more than 60 countries are active in the areas of lighting, consumer products, components, semiconductors, and professional products and services. Philips is quoted on the NYSE, London, Frankfurt, Amsterdam and other stock exchanges. News from Philips is located at www.news.philips.com.

About Who? Vision

Who? Vision Systems, Inc. develops and markets a broad array of fingerprint biometric technologies and products that link personal identification to the digital world. The company's family of TactileSense technologies enhances security and convenience by eliminating passwords in corporate networks, Internet transactions, home computers, and consumer electronics devices. An XL Vision and Safeguard Scientifics partnership company, Who? Vision is headquartered in Lake Forest, California. For further information, please visit the company at whovision.com.

NOTE: TactileSense is a trademark of Who? Vision Systems. All other trademarks and registered trademarks are properties of their respective owners.

SOURCE Philips Flat Display Systems

CO: Philips Flat Display Systems; Royal Philips Electronics, Who? Vision Systems, Inc.

ST: California

IN: CPR

SU:

10/13/98 07:13 EDT prnewswire.com
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