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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Night Writer who wrote (41774)	12/30/1998 11:20:00 PM
From: Night Writer	Respond to of 97611

Compaq trivia. NW IDTEK Announces New Licensing Plan ID Technologies Corporation (IDTEK)(OTC BB:IDTK) today announced a new two year licensing plan for its patented credit-card sized biometric security technology. The new licensing plan will provide greater flexibility and exposure in the increasingly popular smart-card field. Smart-card acceptance is expected to surge over the next year as hardware vendors, responding to increased demand for enterprise security, install smart-card readers into their hardware. IBM and Hewlett-Packard Co. plan to announce PCs with smart-card readers and applications, following on the footsteps of an announcement in September by Compaq Computer Corporation. Microsoft also is trying to push into the market, which analyst Jonathan Cassell of Dataquest Inc., in San Jose, Calif., predicts will jump from last year's 941 million cards to 4.7 billion in 2002. With the increasing number of smart cards being used, the questions about smart-card security are being answered by the IDTEK/IRE ID Technology (tm) systems. IDTEK's system will also work with older magstripe equipment. IDTEK's technology partner Information Resource Engineering (IRE) Inc. (Nasdaq: IREG) has developed the Super Smart Card (tm) utilizing a capacitive chip for fingerprint verification. Here's how it works: each user places a finger on the thin sensing panel located on each card's surface. The chip will take a 300-point snapshot of the fingerprint and permanently stores it in that card. From that point, the card won't activate unless it is touched again by the same finger. The card also stores a private key that is used in public-key exchanges with servers to add another layer of user authentication and encryption, one of IRE's award-winning specialties. The first self-contained prototypes are scheduled for demonstration at IRE's Baltimore headquarters early next year. IDTEK's Chairman and President William F. Lane stated, "IDTEK is proud to provide its patented technology to help protect the ever-increasing number of smart cards in use today. The IDTEK/IRE technology provides security that can not be duplicated. This security technology is the needed solution to the world's identification problems." For the latest information about IDTEK, please visit IDTEK's website at www.idtek.com, e-mail IDTEK at information@idtek.com or contact Seton Amick in our Licensing Group at (904) 381-1162. CONTACT: IDTEK, Wilson Seton Amick, 904/381-1162 information@idtek.com idtek.com