CryptoMetrics, Inc. Announces Acquisition of BioDentity Systems Corporation, a Leading Border Security Solutions Company.Business Editors TUCKAHOE, N.Y.--(BUSINESS WIRE)--April 12, 2004 Acquisition Strengthens CryptoMetrics' Position In The Biometrics Security Solutions Market CryptoMetrics, Inc. a leading biometric security solution provider announced the acquisition of BioDentity Systems Corporation, an Ottawa (Canada) based face biometric solution provider. BioDentity is headed by Joel Shaw, an internationally recognized expert in Machine Readable Data in a form that can be read by the computer, which includes disks, tapes and punch cards. Printed fonts that can be scanned and recognized by the computer are also machine readable. Travel Documents and Border Management Systems. For over 20 years Mr. Shaw has conceived, designed and overseen the development of border clearance and machine readable travel document issuance and inspection systems. At BioDentity, Mr. Shaw has guided the creation of a suite of next generation face biometric authentication See biometrics. technologies and solutions specifically designed to strengthen border control, aviation security and homeland defense. Mr. Shaw will remain as 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. of the wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , BioDentity. BioDentity's SecurIDent(TM) and ID2PASS(TM) solutions are used to secure the issuance of Passports and a wide range of national identification documents; to secure national borders, airports and seaports This is a list of the world's seaports: Atlantic Ocean
(2) Verifying the identity of a user logging into a network. technology to authenticate users and protect computerized networks and information assets. By combining logical and physical access solutions, CryptoMetrics has positioned itself as the industry leader in delivering a total security solution; one designed to meet not only the needs of a given organization or application area but equally those emerging as critical to an entire nation. Mr. Shaw stated, "We are extremely excited over the prospects of our merger with CryptoMetrics. The combination affords us greater access to the US market and the opportunity to address additional needs of our national security clients by offering CryptoMetrics' logical and physical access technology solutions. Combined, we are very well placed to meet the urgent demand for virtual and physical security solutions worldwide." Robert Barra Robert D. Barra was a Republican elected to serve his constituents of the New York 21st Assembly District in November of 2000. Because of redistricting due to the census, Assemblyman Barra became the Assembly member from the newly formed 14th Assembly district. and Michael Vitale, Co-Founders and Co-CEOs of CryptoMetrics added, "The acquisition of BioDentity accelerates our strategic objective of becoming the most advanced and complete global Biometrics Security Solution Provider. In addition to our technologies being highly complementary, BioDentity's presence in Europe and the Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. , coupled with CryptoMetrics' position in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , allows us to more rapidly establish our worldwide presence. We are positioned to deliver our customers a complete security solution anywhere in the world." About CryptoMetrics: Established in 2000, CryptoMetrics is a leading security solution provider, building and integrating secure trustworthy systems using the most advanced technology in cryptography and biometrics to protect computerized systems and information assets. Its wholly owned subsidiary, BioDentity, provides internationally standardized face biometric solutions to secure national borders and protect the traveling public; as well as secure physical points of access to commercial and government facilities, plants, campuses and critical infrastructure. CryptoMetrics delivers total security through positive irrefutable irrefutable - The opposite of refutable. personal identification. For more information, visit CryptoMetrics at: www.cryptometrics.com or BioDentity at www.biodentity.com. |
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