Comparator Systems Corp. gears up for financing, foreign contract.NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif.--(Business Wire)--May 9, 1995--Recent financing negotiations and completion of negotiations with a foreign government are keeping Comparator comparator Instrument for comparing something with a similar thing or with a standard measure, in particular to measure small displacements in mechanical devices. In astronomy, the blink comparator is used to examine photographic plates for signs of moving bodies. Systems 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 :IDID IDID Inherited Diseases in Dogs ) executives busy making final product development and manufacturing arrangements. With a cash infusion imminent from a foreign investor as well as a contract with a foreign government for a national telephone identification card, the company is readying itself for the first sale of its Comparator 5000 advanced fingerprint identification system. According to company president and 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. , Robert Reed Rogers, all negotiations for private investment have been signed and the company is waiting for the transactions to be completed. Although no actual numbers were available, Rogers says that the investment is sufficient to take the company's high-speed fingerprint matching system into full scale production. But even without the private backer, the company's Comparator 5000 system has been accepted as the capability of choice by a foreign government yet to be announced To be announced (TBA) A contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered. . Because the Comparator 5000 can match a live fingerprint with one stored in less than a second with accuracy levels surpassing 99.9 percent, it was chosen from a broad field of international bidders for the first national identification card system that uses fingerprints as the reliable indicator of true identity. According to Rogers, if all transactions go as planned, the Comparator 5000 should be in production in 120 days and ready for delivery by the holidays. It will be the first delivery of the company's high technology product following its successful ID-1 system that has been used flawlessly in state and federal jails to prevent identity exchanges between inmates. Contact: Comparator Systems, Newport Beach Donald Levering, 714/851-4300 |
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