DICUT, Inc. Acquires Aurora Biometrics; Aurora founder and CEO, Dr. Helena Wisniewski, stays on as President of DICUT's newest division.Business Editors/High-Tech Writers MARIETTA, Ga.--(BUSINESS WIRE)--July 30, 2003 DICUT, Inc., an advanced security solutions provider, today announced it has acquired Aurora Biometrics, Inc. Located in Gaithersburg, MD, Aurora Biometrics provides fully automated, complete biometric products and systems that grant or deny access to facilities, networks, e-transactions, online testing, PCs, and vehicles with no human intervention. Aurora's founder, Dr. Helena Wisniewski, joins DICUT as President of the Aurora Biometrics division. Aurora will be based out of DICUT's Washington DC office located in McLean, VA. The Aurora Biometrics' iPass(TM) family of products, including, iPassThru(TM), iPassOnline(TM), SafeTravel(TM), and iPassDorm(TM), prevent unauthorized access and identity fraud, significantly enhancing security without PINs or passwords. The iPass(TM) products offer carded (smart card and 2-D barcode) and cardless solutions either stand alone, or integrated with existing infrastructures, including a wireless smart camera option. Biometric cards eliminate fraudulent use of any type of ID or travel document. iPass(TM) is easy to use and install, reliable, fast, and cost effective using the least intrusive biometric with the greatest public acceptance. Dr. Helena S. Wisniewski founded Aurora Biometrics Inc. in September 2000, serving as Chairman 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. . She is an industry leader responsible for major advances in technology, systems, and science and their commercialization. Prior to Aurora Biometrics, Dr. Wisniewski was vice president and business area manager at ANSER Anser a genus of birds in the family Anseriformes. Anser anser domestic geese and wild geese. Inc., vice president, The Titan Corporation, corporate director at Lockheed Headquarters (now Lockheed Martin For the former company, see . Lockheed Martin (NYSE: LMT) is a leading multinational aerospace manufacturer and advanced technology company formed in 1995 by the merger of Lockheed Corporation with Martin Marietta. ), and program director at the CIA CIA: see Central Intelligence Agency. (1) (Confidentiality Integrity Authentication) The three important concerns with regards to information security. Encryption is used to provide confidentiality (privacy, secrecy). . Additionally, Dr. Wisniewski created and directed the first mathematics program at DARPA DARPA: see Defense Advanced Research Projects Agency. (Defense Advanced Research Projects Agency) The name given to the U.S. Advanced Research Projects Agency during the 1980s. It was later renamed back to ARPA. and served as department head and then director of research at Seton Hall University Seton Hall University is a private Roman Catholic university located 14 miles from Manhattan in historic South Orange, New Jersey. Founded in 1856 by Archbishop James Roosevelt Bayley, Seton Hall is the oldest diocesan university in the United States. . She has an international reputation in nonlinear dynamics nonlinear dynamics, study of systems governed by equations in which a small change in one variable can induce a large systematic change; the discipline is more popularly known as chaos (see chaos theory). and has played a key role in biometrics since 1987. Her technological breakthroughs have made a significant impact on face recognition, neural networks, information technology, image compression, chaos theory chaos theory, in mathematics, physics, and other fields, a set of ideas that attempts to reveal structure in aperiodic, unpredictable dynamic systems such as cloud formation or the fluctuation of biological populations. , and aerospace engineering. Dr. Wisniewski has provided testimony to Senate committees on emerging technologies, is a sought after speaker at international conferences and featured guest on TV and radio. She Chairs Advisory Boards and has received awards from government, industry and professional organizations for her groundbreaking contributions to technology, outstanding leadership and entrepreneurship. "Aurora Biometrics and the iPass(TM) system are a perfect and natural fit for DICUT Inc.," said Raj Kalra, chairman and CEO of DICUT, Inc. "By adding the Aurora Biometric products and technology, along with Dr. Wisniewski's expertise, DICUT becomes a more complete and comprehensive security solutions provider. The Aurora product set is the perfect compliment to DICUT's existing security solutions. With Aurora, we become a one-stop shop One-Stop Shop A company or a location that offers a multitude of services to a client or a customer. The idea is to provide convenient and efficient service and also to create the opportunity for the company to sell more products to clients and customers. for physical, logical, and biometric security. DICUT, Inc. continues to be a leader in the field and the acquisition of Aurora Biometrics keeps us at the forefront of security solution providers." "I am excited to partner with Raj Kalra and DICUT and create a company that is able to offer the most complete, reliable, and cutting edge security products and systems in the marketplace today," said Dr. Helena Wisniewski, president of DICUT's Aurora Biometrics division. "Raj and I share the same vision for new security solutions based on developing technologies for the ever-changing world and the increased threats to people, companies, countries, and systems. With the Aurora Biometrics product line and technology, DICUT can offer the most comprehensive and cost effective security solutions in the world." About DICUT Founded in 1994, DICUT, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). .BB: DCUT) is an advanced security solutions provider. DICUT provides security solutions thorough innovative technologies to both the public and private sectors. The company consists of two wholly owned subsidiaries 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. , veriCentrix (vCx) and Detect-X (DTX). The veriCentrix division provides comprehensive solutions for an organization seeking to automate and simplify security. veriCentrix employs the Security Services Group, vServ and the Software Solutions Group, vSoft. Detect-X is dedicated to developing a new level of innovative security for today's world. 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. Statement under 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: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward- looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. |
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