Fingerscan's & Sandia's strategic alliance creates low-cost secure ID for banking institutions and government agencies.CARROLLTON, Texas--(BUSINESS WIRE)--March 18, 1997-- Lasertechnics, Inc.'s (Nasdaq: LASX) Sandia Imaging Systems unit today announced a new technology-sharing agreement with Fingerscan, a division of Identix Corp. (AMEX AMEX See: American Stock Exchange : IDX (IDX Systems Corporation, South Burlington, VT, www.idx.com) One of the largest health care information systems companies in the country, acquired in 2006 by GE Healthcare (www.gehealthcare.com), a unit of the General Electric Company. ), combining Sandia's secure card technology with Fingerscan's finger-imaging capabilities. The strategic alliance will provide a fully integrated and highly secure approach to producing high-speed identity verification Noun 1. identity verification - the automatic identification of living individuals by using their physiological and behavioral characteristics; "negative identification can only be accomplished through biometric identification"; "if a pin or password is lost or of secure-card holders. The innovations of this technology-sharing agreement can benefit the banking and financial institutions, immigration immigration, entrance of a person (an alien) into a new country for the purpose of establishing permanent residence. Motives for immigration, like those for migration generally, are often economic, although religious or political factors may be very important. , health and welfare authorities. In recent contracts, technology from Indentix's Fingerscan division has replaced traditional password systems at the White House and at the U.S. Strategic Air Command. Lasertechnic's Sandia Imaging Systems is the exclusive licensee of Xerox Corporation's (NYSE NYSE See: New York Stock Exchange :XRX XRX Xerox Corporation (stock symbol) ) DataGlyphs data storage symbology sym·bol·o·gy n. 1. The study or interpretation of symbols or symbolism. 2. The use of symbols. symbology 1. the study and interpretation of symbols. Also called symbolism. . DataGlyphs is a portable database technology that essentially creates "chipless" plastic secure cards. "Sandia's alliance with Fingerscan is important because now we can combine the positive identification features of Fingerscan with Sandia's DataGlyphs encoding and decoding software to create a completely integrated solution," 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. Sandia Imaging President Jean-Pierre Arnaudo. According to Fingerscan Managing Director John Parselle, "This exciting opportunity creates a low cost, secure medium for banks to move to biometric identification Noun 1. biometric identification - the automatic identification of living individuals by using their physiological and behavioral characteristics; "negative identification can only be accomplished through biometric identification"; "if a pin or password is lost or , solving the problem of legacy infrastructures at the same time." Biometrics is the use of fingerprint and other human identification features on secure cards. "I believe this combined technology is perfectly suited to national welfare and benefits programs, immigration and medical applications. Early interest is most encouraging," he said. Fingerscan provides biometric identification in the form of a three dimensional scan of a fingerprint, captured when a finger is held against a Fingerscan device. Fingerscan biometric images will be stored unobtrusively on a card in Sandia's DataGlyphs portable memory database products. Sandia Imaging is based in Carrollton, TX, and offers the VIVID 2000 family of dye-sublimation secure card printers that can encode optical cards, DataGlyphs, Smart cards, magnetic stripes, bar codes and two-dimensional symbologies. The Vivid 2000 printer family offers industry leading, state-of-the-art, high-volume, high reliability and high quality printing capabilities. Sandia is also the exclusive provider of the DataGlyphs portable database technology. Sandia, with regional sales offices throughout the USA and distribution outlets worldwide, is a majority-owned subsidiary majority-owned subsidiary A firm in which more than 50% of outstanding voting stock is owned by the parent company. of Lasertechnics, Inc., also based in Carrollton, TX. In addition to Sandia Imaging Systems, Lasertechnics, Inc. owns Lasertechnics Marking Corporation (wholly owned) of Albuquerque, NM, providers of laser marking systems and related technologies for a diverse range of industrial and commercial markets. Fingerscan, an Identix company based in Sydney, Australia, is the premier supplier of applied biometrics products in the world, with over 10,000 installed systems. The Fingerscan range of products is in use by many government agencies, international banks, multinational corporations, military/defense organizations and immigration authorities in 72 countries. With operations around the world, Fingerscan is leading the way in the use of biometrics for mass applications. This news release contains "forward-looking statements." Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurances that such expectations will prove to be correct. Certain important factors that could cause actual results to differ materially from the company's expectations ("Cautionary Statements") are disclosed in the company's Form 10QSB QSB Fading QSB Qualified Small Business (IRS category) QSB Queen Street Backpackers (Auckland, New Zealand) QSB Quality System Basics QSB Qualified Supplemental Benefit QSB Quantum Singleton Bound for the third quarter ended September 30, 1996 and qualify the forward-looking statements included in this news release. CONTACT: Media: Myrna Baron The Baron Company, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 212-581-6760 x301 mbaronco@earthlink.net OR SANDIA IMAGING SYSTEMS Carrollton, Texas, USA Jean-Pierre Arnaudo, President Barbara Ganch, Vice President, Marketing/Operations 972-407-6080 OR SANDIA IMAGING, AUSTRALIA Stuart Drysdale, General Manager, Asia/Pacific, 61-2-9687-9455 OR FINGERSCAN, AUSTRALIA John Parselle, Managing Director 61-2-9904-7744 |
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