AuthentiDate Chosen as Strategic Partner for the New ISKV System.SCHENECTADY, N.Y./DUSSELDORF, Germany -- AuthentiDate International AG, a subsidiary of AuthentiDate Holding Corp., (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ADAT (Alesis Digital Audio Tape) A digital audio recording technology from Alesis, LLC, Cumberland, RI (www.alesis.com). In 1992, Alesis introduced the first 8-track digital tape recording system. ) announced today that ISKV, the leading software and system house for German statutory health insurance companies, has agreed to integrate AuthentiDate's signature solution into the latest generation of its integrated solution for statutory health insurance companies with its "iskv_21c" system. The new version of ISKV's solution includes a core system and optional specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. solutions that will be made available through ISKV's strategic partners. Financial terms of the collaboration were not released. However, AuthentiDate stated it will generate revenue from license and per transaction fees. ISKV customers include approximately 240 health insurance companies, representing 90% of the statutory health insurance companies in German with more than 20 million policy holders. Over 30,000 users work with the ISKV software at the German statutory health insurance companies and will be able to access the new integrated solution. All of the users of "iskv_21c" will be able to simply and quickly use AuthentiDate's signature solutions in scanning processes, electronic archiving, workflow and e-mail communication. For example, customers that use AuthentiDate's signature solutions with the "iskv_21c" software can develop electronic approval procedures, satisfy the German regulatory conditions for scanning of documents and electronically send, receive and archive data in a legally sound way. The AuthentiDate products can be used to generate or check personal signatures and/or time stamps See timestamp. in accordance with the German Signature Act. The AuthentiDate signature products are designed to enable the user to individually combine the signature products and easily link them through the predefined "iskv_21c" interfaces. "With AuthentiDate, we were able to get a partner from which we will obtain signature products for various business processes from one source. Furthermore, the AuthentiDate solutions fit into the core system in an optimal way and have already proven themselves in practice with absolute success among a multitude of our customers via the outline agreements that already exist between AuthentiDate and ISKV," explains Frank Krause, Managing Director of ISKV. Jan C. Wendenburg, Chief Executive Officer, AuthentiDate International AG, adds, "We are very pleased that we were able to gain the trust of ISKV and that we were selected to be a strategic partner for the new integrated solution. All of the users of the new "iskv_21c" system will be able to use electronic signatures to simplify their processes and reduce their costs in the future. " About AuthentiDate Holding Corp. AuthentiDate Holding Corp. (AHC AHC Appalachian Hardwood Center AHC American Heritage Center (University of Wyoming, Laramie, WY) AHC American Horse Council AHC Association for History and Computing AHC Australian Heritage Commission AHC Assault Helicopter Company ) is a worldwide provider of content authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. technology, a growing sector of the security software market. The Company provides secure document management solutions, enterprise network security products and services, and enterprise workflow management solutions that incorporate its proprietary authentication technology. AuthentiDate's offerings include the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Postal Service postal service, arrangements made by a government for the transmission of letters, packages, and periodicals, and for related services. Early courier systems for government use were organized in the Persian Empire under Cyrus, in the Roman Empire, and in medieval Electronic Postmark Service (USPS (1) (Uninterruptible Switching Power Supply) A power supply for a computer that contains its own battery and uninterruptible power supply (UPS) circuitry. See power supply and UPS. EPM EPM equine protozoal myeloencephalitis. ), electronic signing solutions, electronic forms processing solutions, document imaging software, and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. related to the above. About ISKV ISKV was founded in 1994 as a GmbH, a limited liability company, with headquarters in Essen and currently employs around 300 people. The annual sales volume was 34.7 million euros in the year 2004. The company is a merger of several types of insurance organizations and is based on the regulations of 219 SGB SGB Sozialgesetzbuch (Germany: social legislation) SGB Standards Generating Body SGB Super Game Boy SGB Society of Glass Beadmakers SGB Student Government Board SGB Steam Generator Blowdown SGB Steam Gunboat V (Code of Social Law, Book 5). The goal of the company is to develop, provide and support information systems in the area of statutory health insurance and to further develop them. The information systems are developed in close coordination with the customers via work groups and test groups - made up of employees from the participating types of insurance organizations. This press release contains 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. within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Act of 1934. When used in this release, the words "believe," "anticipate," "think," "intend," "plan," "will be," "expect," and similar expressions identify such forward-looking statements. Such statements regarding future events and/or the future financial performance of The Company are subject to certain risks and uncertainties, which could cause actual events or the actual future results of the Company to differ materially from any forward-looking statement. Such risks and uncertainties include, among other things, the availability of any needed financing, the Company's ability to implement its business plan for various applications of its technologies, the impact of competition, the management of growth, and the other risks and uncertainties that may be detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. In light of the significant risks and uncertainties inherent in the forward-looking statements included herein, the inclusion of such statements should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved. |
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