CardXX Closes Agreement with Innovatier to License Its RAMP Technology.ENGLEWOOD, Colo. -- CardXX, Inc. (Pink Sheets:CXCQ), a leading provider of advanced electronics packaging solutions including 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. and 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, today announced that the Company has finalized its agreement with Innovatier, Inc. to license its RAMP polymer injection molding injection molding n. A manufacturing process for forming objects, as of plastic or metal, by heating the molding material to a fluid state and injecting it into a mold. technology and distribute products manufactured using the RAMP process. Under the agreement, Innovatier will produce advanced smart cards for the financial transaction card market and expects to begin production in the second half of 2005. "The execution of this agreement is the first of many such licensing relationships that we expect to develop," states Phil A Worack, Chairman of CardXX, Inc. "Our RAMP technology is an ideal solution to the 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 complex electronics in many different form factors. As more card issuers migrate to advanced smart cards, we expect the demand for our process to increase steadily." Advanced smart cards are developing as the basis for new smart card capabilities and applications. A smart card equipped with a battery, data display, and keypad A small keyboard or supplementary keyboard keys; for example, the keys on a calculator or the number/cursor cluster on a computer keyboard. See programmable keypad. enables users to view their current balance of electronic purse applications, recent credit card transaction information, or bank account balance information. "Innovatier evaluated a number of different card manufacturing technologies, and decided the RAMP technology provided a solution for our needs and the needs of our customers. We are very satisfied with the RAMP molding capabilities and are committed to the CardXX process," said Carl Anderson Noun 1. Carl Anderson - United States physicist who discovered antimatter in the form of an antielectron that is called the positron (1905-1991) Carl David Anderson, Anderson , Innovatier's lead investor. CardXX's low-temperature, low-pressure RAMP process is particularly well-suited for encapsulating delicate electronics in small form factors such as smart cards, E-Passports, key fobs, RFID asset tags and identification wristbands. About CardXX CardXX provides secure, customized packaging solutions of advanced electronics through manufacturing and licensing its proprietary, patented encapsulation process known as the Reaction Assisted Molded Process (RAMP). The Company's website is www.cardxx.com. About Innovatier Innovatier, a revolutionary company utilizing Reaction Injection Embedding 1. (mathematics) embedding - One instance of some mathematical object contained with in another instance, e.g. a group which is a subgroup. 2. (theory) embedding - (domain theory) A complete partial order F in [X -> Y] is an embedding if techniques for the manufacture of complex miniaturized fragile electronics in various packaging formats including financial transaction cards. The Company's website is www.innovatier.com. The statements contained in this release that are not purely historical are 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 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 and are subject to various risks, uncertainties and other factors that could cause the Company's actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements include, but are not limited to, those relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc demand for the Company's services, expected demand for our services and expectations regarding our revenues, the Company's ability to continue to utilize goodwill, to continue to increase gross margins, to achieve and manage growth, to develop and market new applications and services, risks relating to the acquisition and integration of acquired businesses, demand for new services and applications, timing of demand for services, industry strength and competition and general economic factors. Investors are directed to consider such risks, uncertainties and other factors described in documents filed by the Company with the Securities and Exchange Commission. |
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