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Technology Stocks : IVI Checkmate (CMIV) -- Ignore unavailable to you. Want to Upgrade?

To: Ian Murray who wrote (3126)	1/12/2000 12:49:00 PM
From: Toni Wheeler	Read Replies (1) \| Respond to of 3721

Ian and Yonni, Along this line of thought on card technology.... I am a shareholder of AXC. This news hit after Thanksgiving....I'm not tech-savvy enough to know if this is valuable for the healthcare card industry, maybe you guys can digest it better and tell us...: Oh, btw....check out UPGD chart....it'll blow your mind!! [No, I WASN'T smart enuf to buy it!!] www3.techstocks.com <<<UltraCard Signs Exclusive Licensing Agreement With Ampex Corporation for Keepered Media Technology SEATTLE--(BUSINESS WIRE)--Nov. 29, 1999--Upgrade International Corp. (OTCBB: UPGD) is pleased to announce that UltraCard, Inc. has signed an exclusive licensing agreement, subject to satisfying the terms and conditions of the agreement, with Ampex Corporation (Redwood City, California)(AMEX: AXC) for use of the patented Keepered Media technology on magnetic cards. The agreement is for use of Keepered Media technology on magnetic cards, not hard drive disks. The agreement positions UltraCard as the sole provider of credit card storage technology that offers 5 megabytes of storage (20,000 times the storage capacity of magnetic stripe cards) in a secure, rugged, read write format. UltraCard's adoption of Keepered Media will virtually eliminate accidental erasure and corrosion of data stored on the card due to exposure in the harsh consumer credit card environment, as well as prevents fraudulent duplication of information contained on the card. Keepered Media, a patented, special magnetic conductor material, is designed to protect information magnetically stored on the UltraCard. Combined with UltraCard's credit card storage form factor, the technology package represents a significant advance in the way consumers and businesses will utilize portable data in the near future. According to UltraCard's Chief Technical Officer Don Mann, the agreement to license the Ampex Keepered Media technology signifies the most comprehensive suite of intellectual property for credit card technology today. "The credit card has not evolved at the same pace of other technologies, it is basically the original technology that was in use 30 years ago. Our agreement with Ampex rounds out the technology needed to complete our revolutionary storage medium, a hard drive in a credit card format," explained Mann. Upgrade International Corp., through its 50% ownership interest in UltraCard Inc., is engaged in the development and commercialization of a patented, revolutionary data storage technology. The UltraCard technology is a combination of proprietary magnetic and non-magnetic layers deposited on the card's surface in place of or in addition to the magstripe. The card consists of a specially formulated base material, followed by magnetics and topped off by a cohesion of extremely durable protective layers, including the addition of the Ampex Keepered media. The resulting UltraCard product has a mechanical durability many times greater than any other card storage device. Additionally, the card is between eight and ten times more resistant to demagnetization than ordinary magstripe cards....>>> My best, T.