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Technology Stocks : Security Biometrics SBTI -- Ignore unavailable to you. Want to Upgrade?

To: CIMA who wrote (27)	12/28/2000 9:54:05 PM
From: David	Read Replies (2) \| Respond to of 71

According to your link, the biometric technology SBTI is promoting has not even been developed yet by the licensor, and isn't due for delivery for about 18 months. Under that circumstance, why would a big international bank take an equity position in this company, and how would their option on the undeveloped technology attract $30M in financing? This is Dream Street.

To: CIMA who wrote (27)	1/1/2001 9:40:48 PM
From: john	Read Replies (2) \| Respond to of 71

From the 10SB, note some of the alliances SBTI's competition has,,,,,,,,,,, looks to me like SBTI is attempting to align themselves with commercial banks. Competition In order to achieve commercial sales of our biometric products, we must compete with many well-established United States and foreign manufacturers in the biometrics market. Key manufacturers competing in the dynamic signature verification market include Checkmate Electronics Inc., PenOP Inc., SOFTPRO, Xenetek, and Ink Tools. These manufacturers exemplify the fact that the development of strong alliance partners is a key success factor in this field. Checkmate has a strategic marketing agreement with IBM. PenOP has a series of agreements with Microsoft, Netscape, Adobe and Eastman Systems. SOFTPRO has multiple international distribution agreements with UNISYS. Ink Tools has a strategic alliance with Palm Corporation. In any new technology (especially where consistent industry profitability is several years away), the ability to make agreements with tenured high tech companies is a key concern. The ability to partner is further leveraged when successful pilot programs are promoted effectively. Leading manufacturers of voice recognition systems include InterVoice-Brite, Inc., Orga, Veritel, VeriVoice, and ITT Industries. Increasingly, companies in this field are becoming adept at several input technologies. As the prices of input devices fall, the value proposition shifts to software attributes like the logic of comparing input data to the digital template, file storage, and verification times. For retail banking transactions, authentication time against a large data base is a critical consideration. Several of the technology segments surveyed now offer acceptably low input device prices and sufficiently fast authentication times. All of these companies have developed products and are authorized to sell products. All of our principal competitors are significantly larger, well established and are better capitalized than us, all of which could adversely affect our ability to compete.