CardXX, Inc. Announces Receipt of Funds under Exclusive License Agreement with Identita Technologies International SRL.ENGLEWOOD, Colo. -- CardXX Inc. (Pink Sheets:CXCQ), announced today that, as part of its exclusive license agreement with Identita Technologies International SRL 1. SRL - Bharat Jayaraman. ["Towards a Broader Basis for Logic Programming", B. Jayaraman, TR CS Dept, SUNY Buffalo, 1990]. 2. SRL - Schema Representation language. 3. SRL - Structured Robot Language. C. Blume & W. Jacob, U Karlsruhe. , in October, 2007 it received a payment in the amount of $1 million, a portion of which will be used by the Company to protect and enhance its patent portfolio and other intellectual properties. Under the terms of the agreement, which was executed in July 2007, Identita has become the sole and exclusive licensee licensee n. a person given a license by government or under private agreement. (See: license, licensor) LICENSEE. One to whom a license has been given. 1 M. Q. & S. 699 n. of the CardXX RAMP, polymer injection, molding technology and all related patented or patent pending intellectual property. In addition, in connection with the license agreement, Identita was granted a one-year option to acquire the capital stock of the Company, subject to stockholder approval. CardXX currently has approximately 26.7 million shares outstanding. About Cardxx CardXX provides secure encapsulation (1) In object technology, the creation of self-contained modules that contain both the data and the processing. See object-oriented programming. (2) The transmission of one network protocol within another. of advanced electronics through manufacturing and licensing secure and intelligent Smart Cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. using its proprietary, patented encapsulation process known as the Reaction Assisted Molded Process (RAMP). RAMP is the core technology used in next-generation smart card manufacturing that incorporates batteries, data displays, keypads, chemical sensors, and fingerprint fingerprint, an impression of the underside of the end of a finger or thumb, used for identification because the arrangement of ridges in any fingerprint is thought to be unique and permanent with each person (no two persons having the same prints have ever been sensors. |
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