ClearPass Set to Release New CP5000 System for Airport, Corporate and Homeland Security.Business Editors FOUNTAIN VALLEY Fountain Valley, city (1990 pop. 53,691), Orange co., S Calif.; inc. 1957. Chiefly residential, Fountain Valley also has diverse manufactures, including apparel, computer equipment, semiconductors, and medical equipment. A U.S. navy helicopter facility is there. , Calif.--(BUSINESS WIRE)--Dec. 13, 2002 Providential prov·i·den·tial adj. 1. Of or resulting from divine providence. 2. Happening as if through divine intervention; opportune. See Synonyms at happy. Holdings, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :PRVH) today announced that Clear Pass, Inc. is set to release the new CP5000 system for airport, corporate and homeland security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States applications using an innovative biometric authentication technology originally developed by Lucent/Bell Labs (NYSE NYSE See: New York Stock Exchange :LU). The CP5000 is the most accurate and technologically advanced fingerprint recognition system available today. Embedded with a touch chip developed by the scientists at Lucent/Bell Labs, the CP5000 has the capabilities to identify and grant or deny access to thousands of users. Using both the fingerprint and live sweat glands to establish a foolproof identification process which has recognition time of 0.5 seconds, False Accept Ratio (FAR) of 0% and False Reject Ratio (FRR FRR Free Registration Required FRR Flint River Ranch (Chapel Hill, North Carolina) FRR False Rejection Rate (biometrics) FRR Fast Reroute (MPLS protection scheme) ) of 0.0001%, the CP5000 takes security to a new level by eliminating pin numbers and ID tags which can be lost or forged. The CP5000 system is ready for shipping within weeks and can be used for a wide array of airport, corporate and homeland security applications. Providential has signed an agreement to acquire 51% of Clear Pass, Inc., which has secured the licensing rights to this unique biometric authentication technology for the United States, Canadian and European markets. About Providential Providential Holdings, Inc. is a diversified holding company committed to creating shareholder value through growth. The company focuses on selective technologies, financial services, international markets and special situations. Products and services include liquid crystal displays (LCDs), mobile entertainment systems, information technology, identification technology, industrial and construction equipment, telecommunications, and computer hardware and software. The Company also engages in trade commerce and mergers and acquisitions, especially in the U.S. and emerging overseas markets with high potential for growth. URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.prvh.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. : Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, the company's ability to attract qualified management, raise sufficient capital, and effectively compete against similar companies. |
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