Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: j. angeles who wrote (1518)	6/8/2000 4:51:00 PM
From: Digital-Fluid.com	Respond to of 1535

Korean joint venture! Shares issued 24,445,839 2000-06-07 close $6.15. Mytec climbed as high as 1/3 to $8.20. The volume of 609,934 was the heaviest since April 17. Toronto, Ontario, June 8, 2000 Mytec forms Korean joint venture Mytec Technologies Inc. and Powoo Metal Co. Ltd. today announced they have entered into a joint venture agreement to bring Mytec's leading biometrics products to customers in Korea. Under the agreement, Mytec Korea Co. Ltd. will sub-license Mytec's technologies to other original equipment manufacturers in Korea. It will also manufacture - under license - and distribute Mytec's Touchstone Pro, Gateway and MPAD systems. "Korea is a tremendous market for us to penetrate because of its strategic importance to multinational electronics companies and other manufacturers that could integrate or gain value from our technologies," said Pierre Donaldson, Mytec President and Chief Executive Officer. "We chose to partner with Powoo because of their strong connections in the Korean marketplace. They are a small company but one with excellent connections and knowledge of the marketplace." The agreement to form the joint venture is subject to final signing of the licensing agreement by both companies and financing. About Mytec Products MPAD or Mytec Portable Authentication Device technology provides security for a range of hand-held, portable electronic commerce tools such as cell phones and PDA's. MPAD is a breakthrough for Mytec. It represents the latest in DSP and solid state fingerprint sensor technology. With MPAD, the Company can now integrate a biometric module, easily and cost-effectively into any number of wireless devices. With MPAD, manufacturers of portable electronics as well as telecommunications carriers can offer their customers an affordable, biometric solution to enable rock-solid security. Mytec's Touchstone Pro is a biometric-enabled, computer network security system with on-board processing power, meaning all sensitive operations happen within the device and not in a host computer. Only when authentication is accomplished does the user's secret key travel to the host computer. This prevents snooping and replay attacks. Mytec's Gateway technology is a biometric-enabled physical security system using an industry-standard data interface. This removes the need for custom installation. It is fully compatible with most major electronic physical access control systems and comes complete with a Dallas iButton, a portable database the size of a key ring that houses the user's Bioscrypt information. Visit their website at mytec.com.