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Gold/Mining/Energy : MYT - Mytec Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Marco Morlani who wrote (1480)	3/17/2000 1:05:00 PM
From: Marco Morlani	Read Replies (1) \| Respond to of 1535

Antonio lets hope Mytec gets a mention. The stock is moving well with the news release and that would probably launch it. Lets keep our fingers crossed. Marco PS here is the release. delayed 20 mins - disclaimer Thursday March 16, 3:12 pm Eastern Time Company Press Release Mytec Technologies Inc. Announces the Release of a New Portable Authentication Device TORONTO--(BUSINESS WIRE)--March 16, 2000--Mytec Technologies Inc. (TSE:MYT. - news) announces the release of a low-cost, self-contained, Portable Authentication Device called MPAD, for licensing and development opportunities. MPAD uses fingerprint pattern recognition to remove the need to remember passwords. The device can be integrated into a wide range of applications that include PDA's (personal digital assistants), cellular telephones, remote control devices for set-top boxes, and other applications where identity authentication is required. MPAD is based on the same core technology that Mytec provided to Smith & Wesson as the biometric module for the development of their ``Smart Gun.' Until now, the security infrastructure to operate any portable device has been based largely on passwords. However, passwords can be forgotten, stolen, recorded in an unsafe manner or obtained by an unauthorized person. Although password-based systems can check for the correct password, they cannot verify that the enrolled person is entering the password. MPAD solves this problem by positively identifying the user before electronically releasing the user's secret code. MPAD is a portable implementation of Mytec's unique pattern recognition algorithm. Recent advances in DSP technology and solid-state fingerprint sensors have allowed Mytec to implement its core authentication technology into devices that can be operated entirely from batteries. Frank Chen, Executive Vice President for Corporate and Business Development at Mytec says ``this technology will have a tremendous impact on portable e-commerce over the Internet. MPAD can provide true user authentication while ensuring complete data and personal privacy. What makes this especially important for Mytec is that this technology can now be easily integrated into a wide range of hand-held wireless devices.' Mytec Technologies Inc. specializes in the development of core biometric technologies for licensing to OEM's and customers that require advanced network or physical access security. Mytec's biometric technologies provide an unparalleled blend of convenience and security that extends well beyond the traditional identity methods such as passwords or entry cards, and have the potential to enable secure wireless e-commerce. Mytec's unique Biometric Encryption process links a 128-bit digital key with a biometric image to create a secure package of information known as a Bioscrypt. The Bioscrypt is used to secure information that can only be unlocked by presenting the correct biometric image. Biometric Encryption has been patented for use with all types of biometric images, such as fingerprints, iris, voice and face. Through Counterforce, the company's wholly-owned subsidiary, Mytec also provides alarm monitoring services to more than 700 independent alarm company partners who sell, install and service commercial and residential security alarm systems. Visit our website: www.mytec.com. -------------------------------------------------------------------------------- Contact: Mytec Technologies Inc. Frank K.C. Chen, 416/467-3311 Fax: 416/467-9631 Email: investor@mytec.com or Dennis Hollingshead, 416/467-3930 -------------------------------------------------------------------------------- More Quotes and News: Mytec Technologies Inc (Toronto:MYT.TO - news) Related News Categories: computers -------------------------------------------------------------------------------- Help -------------------------------------------------------------------------------- Copyright ¸ 2000 Yahoo! All Rights Reserved. Privacy Policy - Terms of Service Copyright 2000 Business Wire. All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving ina public database, redistributing via a computer network or in a printed form. Questions or Comments?