Accu-Time Systems, Inc. and Bioscrypt Announce License Agreement.ELLINGTON, Conn. -- Accu-Time Systems (ATS), a leader in Time and Data Collection devices, and Bioscrypt, a leading provider of identity verification technology, announce an agreement under which Bioscrypt will license Intellectual Property from ATS. Robert L. Williams Robert Lee Williams (December 20, 1868 – April 10, 1948) was an American lawyer, judge, and politician who served as the third Governor of Oklahoma. Williams would also play a role in the drafting of the Oklahoma Constitution. , president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Bioscrypt stated, "The addition of this intellectual property to our broad biometric patent portfolio extends our ability to provide offerings that address the demands of the biometric physical access market." Peter DiMaria, CEO of ATS states, "We have been using Bioscrypt components in our own products for years. As our business partnership developed, we thought that Bioscrypt would have interest in some complementary technology that we have developed. As such, we are pleased to support Bioscrypt as they expand their product offering." The terms of the license remain undisclosed, however it frees the two companies to further develop their respective products and markets. The technology further broadens the scope and choices available in the biometric industry. About Bioscrypt Inc. Bioscrypt Inc. is a leading provider of identity verification technology. The company's solutions combine the convenience of touch with the high security of fingerprint-based biometrics for simple and secure access to facilities, equipment and information. Using the "Bioscrypt on board(TM)" brand, the company offers packaged products, OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and components and software licensing to leading security solution manufacturers and integrators worldwide for physical, wireless and network security applications. Among the many leading edge companies and partners using Bioscrypt technology are the U.S. Army, NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. , American Express, the New York Police New York Police may refer to:
NATO in full North Atlantic Treaty Organization International military alliance created to defend western Europe against a possible Soviet invasion. , Continental Airlines, Intel, Atmel, HID Corporation, Honeywell and Northern Computers. Bioscrypt's patented technology is interoperable with leading fingerprint sensors and is both platform and operating system independent. Bioscrypt is traded on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol BYT BYT Bright Young Thing BYT Before Your Time BYT Beat Your Truck BYT Big Yellow Thing BYT Biola Youth Theatre (Biola University, La Mirada, California) BYT Brunton Youth Theatre (UK) . For more information about Bioscrypt, visit the Bioscrypt Web site at www.bioscrypt.com. About Accu-Time Systems, Inc. Accu-Time system is a US-based company whose products have become widely used for payroll, time and attendance, and security access. With a product line that extends from simple entry-level time and attendance terminals to state-of-the-art programmable biometric systems, ATS provides solutions for nearly every industry around the world. For more information about Accu-Time Systems, Inc. and the entire line of ATS products, call (860)-870-5000, e-mail sales@accu-time.com, or visit the ATS website at www.accu-time.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion