Hunno Technologies and Hyosung Successfully Integrate Fingerprint ID Access Control into Bank Teller Terminals.Business Editors/High-Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--Jan. 08, 2003 Hunno Technologies Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :HUNN), a world leader in the development of fingerprint recognition Fingerprint recognition or fingerprint authentication refers to the automated method of verifying a match between two human fingerprints. Fingerprints are one of many forms of biometrics used to identify an individual and verify their identity. technology, today announced that it has successfully completed the integration of a biometrics-based access control system into teller terminals manufactured by TriGem Computer Co. Limited, utilizing software developed by Hyosung Corporation, a leading South Korean industrial conglomerate. Hunno's MS 3500 Fingerprint fingerprint, an impression of the underside of the end of a finger or thumb, used for identification because the arrangement of ridges in any fingerprint is thought to be unique and permanent with each person (no two persons having the same prints have ever been ID Mouse and MS 2600 Fingerprint ID Scanner and Hyosung's proprietary software have been incorporated into the terminals now in use by tellers at SaeMaEul Bank in South Korea. This is a milestone achievement for Hunno, marking its entrance into an upscale market with significant international potential. Hunno anticipates a broad positive response to its teller terminal access control products, as the banking industry worldwide seeks to improve internal security controls. In Hunno's January 2, 2003 press release announcing its joint-development relationship with Hyosung, it was implied that Hunno products were being engineered for use in automatic teller machines See ATM. (ATM's). In point of fact, Hunno products are presently being integrated with Hyosung's software and jointly being incorporated into teller terminals intended for operation only by bank personnel such as tellers, on bank premises. The MS 3500 Fingerprint ID Mouse and MS2600 Fingerprint ID Scanner for bank teller A bank teller is an employee of a bank who deals directly with most customers. In some places this employee is known as a cashier. Tellers are considered a "front line" in the banking business. terminals comprise a complete biometrics-based identification system that helps prevent internal fraudulent banking incidents by denying access when attempted by unauthorized individuals with non-matching fingerprints Impressions or reproductions of the distinctive pattern of lines and grooves on the skin of human fingertips. Fingerprints are reproduced by pressing a person's fingertips into ink and then onto a piece of paper. . About Hyosung Corporation Since its establishment in 1957, Hyosung Corporation has become one of South Korea's leading industrial conglomerates, with approximately 7,000 employees and over US$3 billion in annual revenue. Hyosung's global network of over 30 overseas subsidiaries and satellite offices has enabled it to effectively expand its presence in diverse fields such as apparel and industrial synthetic fibers Noun 1. synthetic fiber - fiber created from natural materials or by chemical processes man-made fiber fiber, fibre - a slender and greatly elongated substance capable of being spun into yarn acrylic, acrylic fiber - polymerized from acrylonitrile , specialty chemicals A Specialty chemical is a chemical produced for a specialized use. They are produced in lower volume than bulk chemicals, of which petrochemicals, made from oil feedstocks, are the most common. However, both are produced in a chemical plant. , industrial machinery, construction & development, information technology, and international trade. Hyosung now trades with over 150 countries. By combining the corporate pillars of technology and quality together with its overseas network, Hyosung Corporation has become one of the world's leading multi-national corporations. For more information please visit http://www.hyosung.co.kr/eng/index.jsp. About Hunno Technologies Inc. Hunno Technologies Inc., a Delaware corporation A Delaware corporation is a corporation chartered in the U.S. state of Delaware. Delaware is well known as a corporate haven, and thus, over 50% of US publicly-traded corporations and 58% of the Fortune 500 companies are incorporated in the state. ("Hunno"), is engaged in the discovery, development and commercial application of proprietary fingerprint identification technology through its majority-owned subsidiary majority-owned subsidiary A firm in which more than 50% of outstanding voting stock is owned by the parent company. , Hunno Technologies Inc., a Republic of Korea corporation ("Hunno Korea"). Organized in 1997, Hunno Korea produced the world's first CMOS-based fingerprint identification module in 1998 and an optical-based fingerprint identification module in 2001. Now a world leader in its field, with units of several Fortune 500 companies among it customers, Hunno Korea brings to the global marketplace highly sophisticated and effective fingerprint authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. solutions, offering state-of-the-art biometrics-based security products for both consumer and commercial applications, including fingerprint identification modules, PC security solutions, physical access control systems (including time and attendance control solutions), and web-based authentication solutions. For more information, please visit www.hunno.com/. Important Information About Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. All statements in this press release that are other than statements of historical facts are forward-looking statements, which contain Hunno's current expectations about its future results. Forward-looking statements involve numerous risks and uncertainties. Hunno has attempted to identify any forward-looking statements by using words such as "anticipates," "projects," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although Hunno believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. A number of factors may affect Hunno's future results and may cause those results to differ materially from those indicated in any forward-looking statements made by, or on behalf of, Hunno. Such factors include Hunno's limited operating history; Hunno's need for significant capital to finance internal growth; Hunno's ability to attract and retain key employees and strategic partners: Hunno's ability to achieve and maintain profitability: political and economic risks inherent in the ownership and operation of international businesses; fluctuations in the trading price Trading price The price at which a security is currently selling. and volume of Hunno's stock: and other unanticipated future events and conditions. For further information concerning risks and uncertainties that may affect Hunno's future results, please review the disclosures contained in its latest filings with the SEC, especially Hunno's Form 10-QSB report filed on November 8, 2002 and its Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. 12G3 report filed on August 12, 2002. Other than as required by federal securities laws, Hunno undertakes no obligation to publicly update or revise any of its forward-looking statements, whether as a result of changed circumstances, new information, future events, or for any other reason occurring after the date of this press release. |
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