Italian Government Invites Drexler Technology Corporation to Participate at International Conference
MOUNTAIN VIEW, Calif. --(Business Wire)-- April 15, 2004 --
The Italian Ministry of Interior has invited Richard M. Haddock, Co-CEO of Drexler Technology Corporation (NasdaqNM:DRXR), to address an international gathering on April 16 in Rome, Italy, devoted to the Italian national ID card program, called the Carta d'Identita Elettronica (CIE).
The conference, entitled "The Italian Identity Card Experience -- European Interoperability for Travel Identification and Citizen Authentication in Service Delivery," will look at some of the issues involved in ensuring EU interoperability of national ID cards, which inevitably will be used for travel purposes with increasing frequency.
Mr. Haddock will discuss how optical memory products can satisfy requirements for interoperability of travel documents, and the current implementations of optical memory products around the world. The presentation will also feature a video of the LaserCard(R) Biometric Verification System (1,000 of which have been purchased by the U.S. Department of Homeland Security). These systems are designed for authenticating and reading LaserCard(R) optical memory cards issued by the governments of the United States, Canada, and Italy.
LaserCard(R) optical memory product implementations have already overcome many of the challenges foreseen for interoperability of travel documents. Not least of these is the need for high data-storage capacity for the storage of full facial, fingerprint and, possibly, iris images. Further, optical memory is not erasable, whereas other memory forms are inherently erasable and vulnerable to the danger of data corruption or substitution; and optical memory is probably the most durably portable data storage technology available today, providing long life and reliable operation.
Headquartered in Mountain View, California, Drexler Technology Corporation (www.drexlertechnology.com) manufactures LaserCard(R) optical memory cards, chip-ready Smart/Optical(TM) cards, and other advanced-technology cards. Its wholly owned subsidiary, LaserCard Systems Corporation (www.lasercard.com) manufactures optical card read/write drives; develops optical card system software; and markets optical cards, card-related data systems, and peripherals.
Forward-Looking Statements: All statements contained in this press release that are not historical facts are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are not historical facts or guarantees of future performance or events. Rather, they are based on current expectations, estimates, beliefs, assumptions, and goals and objectives and are subject to uncertainties that are difficult to predict. As a result, our actual results may differ materially from the statements made. Often such statements can be identified by their use of words such as may, will, intends, plans, believes, anticipates, visualizes, expects, and estimates. Forward-looking statements made in this release include statements as to the Company's belief that national ID cards will increasingly be used for travel purposes, that optical memory has overcome many of the challenges of interoperability for travel documents, that other memory forms are vulnerable to data corruption or substitution, and that optical memory is probably the most durably portable data storage technology available today. These forward-looking statements are based upon our assumptions about and assessment of the future, which may or may not prove true, and involve a number of risks and uncertainties including, but not limited to, risks associated with risks and difficulties associated with development, manufacture, and deployment of optical cards, drives, and systems; the possibility that the Italian government will not fully implement its optical memory CIE card program as previously announced; and uncertainties associated with the establishment and modification of international standards affecting cards and travel documents, as well as other risk factors detailed in the Company's Form 8-K, 10-K, and 10-Q filings with the Securities and Exchange Commission. Due to these and other risks, the Company's future actual results could differ materially from the Company's expectations. These forward-looking statements speak only as to the date of this release, and, except as required by law, we undertake no obligation to publicly release updates or revisions to these statements whether as a result of new information, future events, or otherwise.
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