Combined Patent Portfolio of NeoMedia Technologies/Secure Source Technologies Boosts Ability to Combat Identity Fraud and Support Homeland Security Programs.Business Editors/High-Tech Writers FT. MYERS, Fla.--(BUSINESS WIRE)--Aug. 7, 2003 The combined patent portfolio and methods developed by Secure Source Technologies, Inc. (SST SST: see airplane. ) and NeoMedia Technologies, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : NEOM) should boost the ability of business and government to combat identity fraud and support 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 issues, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Jon Green Jon Green (born July 16 1985 in Southport, Australia) is a rugby league player for the Canterbury Bulldogs and previously for the Cronulla-Sutherland Sharks. , CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of SST, which is to be acquired and merged with NeoMedia. Last week, NeoMedia announced an agreement in principal to acquire and merge with Silver Spring, Maryland-based SST, including acquisition of SST's seven enforceable U.S. and Canadian patents (see "NeoMedia Signs LOI LOI Letter of Indemnity (international trade and carriage business) LOI Letter Of Intent LOI Loss On Ignition LOI Letter of Inquiry LOI Lack Of Information LOI Lack of Interest LOI Letter of Invitation LOI List Of Items to Acquire Secure Source Technologies, including Patents with Homeland Security and Wireless Industry Applications," Business Wire, July 28). SST's patents and know-how "cover innovative and novel ways to print documents and methods to process documents, in which both covert and overt information is printed or otherwise available somewhere on the physical item such as product packaging, driver's license Noun 1. driver's license - a license authorizing the bearer to drive a motor vehicle driver's licence, driving licence, driving license license, permit, licence - a legal document giving official permission to do something , bills of lading, checks, passports, car titles or virtually any printed media," said Green. "Some documents manufactured today have invisible, high-density bar codes or covert information pre-printed on them," he said. "When information is added to the document at the time it is issued - such as the amount on a check, an automobile title or even an individual's Will - SST's patents allow for a new code to be created and printed on the face of the document that is the sum of the invisible pre-printed information plus the variable data added at the time of issue. "For many years invisible ink alone was an effective deterrent in combating fraud," Green said. "But today's worldwide epidemic of identity fraud requires more sophisticated approaches, methods and technologies that employ cryptology The science of developing secret codes and/or the use of those codes in encryption systems. See cryptography. cryptology - The study of cryptography and cryptanalysis. combined with covert materials. The result is discreet 'DNA' for a particular document or package. SST's technology and patents, combined with NeoMedia's technology and patents, including PaperClick(TM), provides the basis for powerful and cost-effective solutions that are in compliance with the USA PATRIOT Act USA PATRIOT Act [Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorists], 2001, U.S. (HR-3162), which President Bush signed into law on October 28, 2001. "A significant post 9/11 challenge is educating businesses and consumers on using technologically-superior weapons against fraud while not teaching potential counterfeiters or terrorists how they work," Green added. About NeoMedia Technologies NeoMedia Technologies, Inc. (www.neom.com), is an innovator and international leader in print-to-Internet and other technologies that make information faster and easier to access, with expertise in Homeland Security and e-authentication applications. NeoMedia markets services which link physical information and objects to the Internet under the PaperClick trademark, and recently announced plans to acquire and merge with Loch Energy, Inc., of Houston, an energy company with $410 million in proven and probable reserves. About Secure Source Technologies Secure Source Technologies, Inc., is a provider of security solutions and a pioneer in covert security technology for the manufacturing and financial services industries. This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement. PaperClick is a trademark of NeoMedia Technologies, Inc. |
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