ADVISORY/ConciergeCard to Be Featured by Drexler/LaserCard Systems at CardTech/SecurTech 2000.News, Assignment, Business Editors & Travel/Transportation Writers CardTech/SecurTech 2000 (www.ctst.com; www.lasercard.com) ADVISORY...for Tuesday (May 2) --(BUSINESS WIRE) LaserCard Systems Corporation, a subsidiary of Drexler Technology Corporation (Nasdaq:DRXR), will exhibit the LaserCard(R) ConciergeCard travel document and the LaserCard(R) Secure ID at the "CardTech/SecurTech 2000" conference and exhibition, Miami Beach Miami Beach, city (1990 pop. 92,639), Dade co., SE Fla., on an island between Biscayne Bay and the Atlantic Ocean; inc. 1915. It is connected to Miami by four causeways. , May 1-4.
Venue: Miami Beach Convention Center
Miami Beach, Florida
Booth: 668 - LaserCard Systems
Exhibit Hours: Tuesday (May 2) 10:30 a.m. - 5:30 p.m.
Wednesday (May 3) 10:00 a.m. - 5:30 p.m.
Thursday (May 4) 10:30 a.m. - 3:00 p.m.
(Exhibits are closed on Monday, May 1)
LaserCard Systems' state-of-the-art optical card-based security and e-commerce solutions fit the CardTech/SecurTech (www.ctst.com) 10th anniversary conference theme, "Sizzling siz·zle intr.v. siz·zled, siz·zling, siz·zles 1. To make the hissing sound characteristic of frying fat. 2. To seethe with anger or indignation. 3. Solutions for a Digital World." The Company's featured applications include secure digital identification for border security and immigration immigration, entrance of a person (an alien) into a new country for the purpose of establishing permanent residence. Motives for immigration, like those for migration generally, are often economic, although religious or political factors may be very important. , and the LaserCard(R) ConciergeCard(TM) travel and loyalty program card. For the ConciergeCard program, LaserCard Systems Corporation (www.lasercard.com) has partnered with Unisys Corporation (company) Unisys Corporation - The company formed in 1984-5 when Burroughs Corporation merged with Sperry Corporation. This was when the phrase "dinosaurs mating" was coined. (NYSE NYSE See: New York Stock Exchange :UIS (graphics, programming) UIS - A VMS graphics programming interface package for VAXstations. ) to enable Drexler's optical memory cards -- using state-of-the-art biometric systems -- to connect with future Unisys aircraft boarding and baggage identification systems as well as the reservation systems and customer loyalty programs of major travel industry services. Unisys Corporation's February 29, 2000 news release about the ConciergeCard states, "As members of the ConciergeCard program, travelers can enjoy new levels of automated services in airports, as well as customized travel offers from airline, car rental, and hospitality providers." Visitors to the LaserCard Systems booth at CardTech/SecurTech can receive a free LaserCard(R) optical memory card and enroll in a demonstration showing the automated airport service function of the ConciergeCard. Manufactured by Drexler Technology Corporation, the LaserCard(R) optical memory card is North America's most widely used advanced technology ID card thanks to the U.S. federal government's "Green Card" and "Laser Visa" programs. Drexler's card was chosen by the U.S. government for these programs because of its advanced security features that can be progressively upgraded or modified to stay ahead of high-tech counterfeiters. Key security features of the LaserCard digital identity card include a process of uniquely laser engraving Laser engraving is the practice of using lasers to engrave or mark an object (it is also sometimes incorrectly described as etching, which involves the use of acid or a similar chemical). an eye-readable image of the cardholder's face, biographic data, signature, document number, and expiry data. All data is securely recorded on the optical media and cannot be altered, tampered with, or deleted -- providing a highly counterfeit-resistant, secure card. Headquartered in Mountain View, Drexler Technology Corporation shipped 4.5 million LaserCard(R) optical memory cards during the 2000 fiscal year ended March 31, 2000. Drexler's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , LaserCard Systems Corporation, also of Mountain View, manufactures LaserCard read/write drives and develops and markets LaserCard optical memory card systems and related software. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : Certain statements made above relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc plans, objectives, and economic performance go beyond historical information and may provide an indication of future results. To that extent, they are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and each is subject to factors that could cause actual results to differ from those in the forward-looking statement. Such factors are described in Drexler Technology Corporation's Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and other documents filed by the Company from time to time with the Securities and Exchange Commission. The Company's business plan depends upon the initiation and growth of new programs utilizing the Company's card products and is subject to adverse economic and technological developments. Also, it should be noted that for U.S. government procurements Government procurement, also called public tendering, is the procurement of goods and services on behalf of a public authority, such as a government agency. With 10 to 15% of GDP in developed countries, and up to 20% in developing countries, government procurement accounts , the government reserves the right to withhold releases, to reduce the quantities released, and to extend delivery dates. |
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