AuGRID Engages Local Software Experts to Advance Airport Security.Business Editors HOUSTON--(BUSINESS WIRE)--Jan. 22, 2004 AuGRID Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AGRD) has engaged The Database Group, an Ohio-based company in the business of writing business custom software programs, to co-develop a program exclusive to a state-of-the-art integrated airport security system. The program will be launched by AuGRID Corporation under the name CodeStar, a system that will utilize radio frequency identification See RFID. ("RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. ") devices linked by the software program. "AuGRID needed software with futuristic expertise to complement the electronic devices already developed for CodeStar," stated M.J. Shaheed Noun 1. shaheed - Arabic term for holy martyrs; applied by Palestinians to suicide bombers Arabic, Arabic language - the Semitic language of the Arabs; spoken in a variety of dialects martyr, sufferer - one who suffers for the sake of principle , President of AuGRID Corporation. "We believe this system will be ideal for airports and other high security facilities." AuGRID Corporation is a technology based organization, specializing in the manufacturing, distribution and development of electronic and display devices, thermocouples, silicon carbide silicon carbide, chemical compound, SiC, that forms extremely hard, dark, iridescent crystals that are insoluble in water and other common solvents. Widely used as an abrasive, it is marketed under such familiar trade names as Carborundum and Crystolon. tools and nano (1) Billionth (10 to the -9th power). See space/time. (2) Refers to the nanotech industry in general. See nanotechnology. (3) See iPod nano. particle technology. FORWARD LOOKING STATEMENT: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The statements regarding AuGRID Corporation in this release that are not historical in nature, particularly those that utilize terminology such as "may," "should," "likely," "expects," "anticipates," "estimates," "believes" or "plans," or comparable terminology, are forward-looking statements based on current expectations about future events, which AuGRID Corporation has derived from the information currently available to it. These forward-looking statements involve known and unknown risks and uncertainties that may cause our results to be materially different from results implied in such forward-looking statements. Important factors known to AuGRID Corporation that could cause forward-looking statements to turn out to be incorrect are identified and discussed from time to time in AuGRID Corporation's filings with the Securities and Exchange Commission. The forward-looking statements contained in this release speak only as of the date hereof, and AuGRID Corporation undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise. |
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