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Gold/Mining/Energy : Biometric Security Corp (BMS.V) -- Ignore unavailable to you. Want to Upgrade?

To: Veteran98 who wrote (176)	5/27/1999 6:25:00 PM
From: Wayne Finucan	Read Replies (1) \| Respond to of 181

Biometric Identification and Gemplus to deliver state-of-the-art security solution Biometric Security Corp BMS Shares issued 20,834,412 May 26 close $0.24 Thu 27 May 99 News Release Mr. Patrick McCleery reports Biometric Security has an agreement to acquire 45 per cent of the private, California-based company, Biometric Identification Inc. (Biometric ID), and currently has made payments totalling $3.5-million (U.S.) for debentures convertible into 36.25 per cent of the company. Biometric ID produces advanced, comprehensive, user-friendly and cost-effective fingerprint-based biometric hardware and software solutions.) Biometric Identification, a leading provider of fingerprint identification systems, and Gemplus SCA (Gemplus), the world's largest smart card provider, have announced the industry's first contactless smart card fingerprint authentication system. This one-of-a-kind biometric solution is ideal for use in access control, mass transit and information security applications. Named BioSmart, this fully featured, stand-alone biometric smart card access control solution provides secure user authentication by employing fingerprint verification in conjunction with the convenience and efficiency of being contactless. By storing the biometric template on the smart card, the BioSmart provides a portable personal identification system, ideal for applications where cardholders travel between multiple secure facilities within one location or around the world. Storing the biometric template on the smart card also helps to reduce administrative costs associated with managing large biometric template databases. The BioSmart is available now in limited quantities for testing and evaluation, and is expected to ship worldwide in August 1999. "Working closely with an industry leader like Gemplus facilitates the integration of two best-of-breed technologies for practical and reliable secure access solutions, and is an important step towards the eventual merging of physical and logical access systems," said Bob Kamm, chief executive officer of Biometric ID. "We have immense respect for Gemplus and the innovative nature of their product strategy." "Gemplus goal is to offer customers the most comprehensive and secure smart card-based solutions available on the market today," said Michel Leduc, marketing director of Integrated Solutions for Gemplus. "Combining Gemplus contactless smart cards with Biometric ID's fingerprint authentication technology allows us to jointly offer the unique and flexible security solutions that our customers demand. We look forward to developing this and potentially other security system products with Biometric ID." The BioSmart is based on Gemplus' industry-leading contactless smart card technology. These innovative cards look just like plastic credit cards, except they have an electronic microchip and an antenna embedded inside. These components allow the card to communicate with an antenna/coupler unit without a physical contact. Contactless cards are the ideal solution when transactions must be processed very quickly, as in mass-transit or toll-collection activities. In addition to the functionality offered by the Gemplus contactless smart card system, the BioSmart uses the advanced technology of Biometric ID's MV1100 self-contained fingerprint verification module. The MV1100 is an embedded biometric solution, smaller than a business card, which verifies an individual's identity in less than one second. The device is designed for applications where a host computer is not available or not considered secure. The MV1100 stores thousands of fingerprint templates, performs enrolment and verification using the industry's leading fingerprint verification algorithm, Ridge Recognition, and provides multiple communication options. Biometrics is the automated identification of an individual based on its unique physiological features. In a large percentage of the world marketplace, biometrics is manifesting itself in fingerprint verification and authorization technologies for office and home security, building access control, time and attendance systems, smart card and point of sale terminals, electronic commerce systems, computer networks and mobile communication devices. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com