Stock Watcher: Alert rumors are running that HP will buy this company out. There are two news stories below. Again it is a rumor on the buy out that I am hearing.
EI² INTRODUCES BREAKTHROUGH ELECTRONIC ID CARD TECHNOLOGY
May 19, 1999
Alameda, CA, May 19, 1999. Electronic Identification, Inc. (EI²) (OTC: BB EISQ), developer of electronic identification issuing and authentication systems, announced a breakthrough electronic identification card technology for the issue of fraud and tamperproof ID cards. e*PICS (Electronic Personnel Identification and Control Systems), the Company's flagship product line, combines radio frequency technology and biometric identification technologies to create a proprietary identification system that not only identifies the user, but also guarantees their identity without passwords and PIN numbers.
"We believe e*PICS to be highly effective in successfully controlling the flow of people across borders, within facilities such as prisons, and for other sensitive security applications," said Terry Kirby, Chairman and CEO of EI².
The e*PICS architecture consists of registration, authentication and Intranet framework components:
e*PICS Registration Station: A digital camera and ultrasonic fingerprint reader are integrated into a web enabled, thin client workstation that provides the operator a standard browser interface to create a digital profile of the target individual by capturing a digital fingerprint, photograph and personal details. This is converted into a digital signature (a reduction down to 1 KB) using proprietary, patented software compression technology, and then burned into a chip in the e*PICS ID card. The digital profile is printed upon its face.
e*PICS Authentication Reader: e*PICS authenticates the validity of an e*PICS cardholder by extracting the digital signature from the card through a radio frequency reader. A network link can be automatically established to check against any recent updates to the cardholder's security file.
e*PICS Intranet Framework: e*PICS registration and authentication readers, as well as third party security technologies, are integrated into back office applications using the e*PICS Intranet Framework. It allows the rapid tailoring of a wide variety of application specific security scenarios as well as integration with legacy systems.
EI² is a Hewlett-Packard, Oracle and Bluestone Software partner, and markets its products globally. More information about EI² can be found at eisq.com.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, competition, new products and technological changes, intellectual property rights and other risks.
SECOND NEWS STORY
Friday May 7, 6:34 am Eastern Time
Company Press Release
Electronic Identification Inc. - EI 2 - Teams Up With Hewlett-Packard
ALAMEDA, Calif.--(BUSINESS WIRE)--May 6, 1999--Electronic Identification, Inc., (EI 2) (OTC BB:EISQ - news), developer of a breakthrough electronic identification card technology coupled with an Intranet integration framework, today announced an agreement with Hewlett-Packard (NYSE:HWP - news) to deliver a complete electronic identification solution to the marketplace.
This agreement follows a highly successful demonstration of the companies' joint technologies at Hewlett-Packard's world headquarters. In attendance were technical and management executives from both companies as well as a delegation of customers from the Middle East.
Terry Kirby, EI 2 Chairman and CEO, stated, ''Hewlett-Packard has proven leadership not only in server and network technology but in smart card systems integration as well. We view HP as the ideal partner to pursue our global opportunity and our customers appear to be equally enthusiastic.''
EI 2 expects an initial customer contract based upon the joint technology offering within sixty days. Engineering meetings between the companies are ongoing to assure a smooth customer delivery cycle.
EI 2 develops and markets electronic identification issuing and authentication systems. It also provides an Intranet based framework for the issue of fraud and tamperproof ID cards via its flagship product line, the Electronic Personnel Identification and Control Systems (e-PICS). e-PICS allows for the rapid development of customer specific applications that include the integration of legacy systems. Information about EI 2 can be found at eisq.com.
Hewlett-Packard Company is the leading global provider of computing, Internet and Intranet solutions, services, communications products and measurement solutions, all of which are recognized for excellence in quality and support. HP has 124,600 employees and had revenue of $47.1 billion in its 1998 fiscal year. Information about HP and its products can be found at hp.com.
Forward-looking statements in this release are made pursuant to the ''safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, competition, new products and technological changes, intellectual property rights and other risks.
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Contact:
EI 2
John Di Cicco, (toll free) 877/713-1900
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