Network Storage Solutions, a Planned Acquisition of IQ Biometrix, Signs Multi-Year OEM Software Agreement with Inno Micro of Japan.Business Editors/High-Tech Writers FREMONT, Calif.--(BUSINESS WIRE)--June 17, 2003 IQ Biometrix Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :IQBM) announced today that Network Storage Solutions (NSS (Novell Storage Services) A 64-bit file system introduced with NetWare 5 that can support terabyte-sized files. NSS files and standard NetWare files can be used in the same server. See NetWare 5. 1. (networking) NSS - Nodal Switching System. ) has entered into a multi-year, $1 million OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and agreement with Inno Micro Corporation of Japan. "NSS continues to prove its position in the network storage market place through the signing of Inno Micro and its most recent announcement of InVision Technologies. This planned acquisition is on track to deliver the expected expansion of IQB's geographic presence and further its position in the Home Land Security market," said Bill Scigliano, 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. and President of IQ Biometrix. IQB announced in May that it had entered into a letter of intent for the acquisition of NSS, a leading developer and supplier of network storage software and products for security and other applications. Inno Micro Corporation of Japan is a leading system integrator that provides storage solutions for major Japanese manufacturers. Under the terms of the agreement, NSS will supply its award winning SPANStor software for integration with the Inno Micro server which, when combined with a storage system, provides a powerful NAS (1) See network access server. (2) (Network Attached Storage) A specialized file server that connects to the network. A NAS device contains a slimmed-down operating system and a file system and processes only I/O requests by supporting the popular solution. The agreement represents a major endorsement of its technology for the international market place and the recognition of its SPANStor operating system as a compelling Network Attached Storage solution. Roger Kirkland, VP International Sales for NSS said "It allows NSS to extend its products offerings to the Japanese market through a strong partner that will provide the total solution as well as service and support for the customer base." The SPANStor V5 NAS software is built on an open, NetBSD kernel with a powerful Journaling File System that was designed to operate on virtually any Intel based server platform. The backend storage attachment is agnostic as SPANStor's O/S will support multiple storage suppliers. Optional products include SPANSync file replication and data migration, Fail-Over functionality and virus scanning licensed through NAI See Network Associates. . Mr. Fukuoka from Inno Micro stated, "After extensive evaluation the NSS SPANStor O/S proved to be the most robust and provide the strongest feature set for our customer base. We are looking forward to taking the product to our market and have several significant customers currently in beta programs." Inno Micro provides a complete line of storage solutions for Japanese customers today and expects the NAS offering to complete their network storage product line. "This agreement will have long-term strategic benefits, by providing continued growth in diversified markets outside the USA. Inno Micro is our first major announcement internationally and we expect several additional contract signings this year," added Mr. Kirkland. About Inno Micro Corporation Inno Micro Corporation has been providing customers with world leading technology such as semiconductor devices, software, computer peripherals, multimedia products and storage system products. Inno Micro relies on cutting-edge technologies to offer total solutions to users of PCs and workstations, and to every corner of our information and communications society. Additional information about Inno Micro can be found at http://www.inno.co.jp. About Network Storage Solutions, Inc. Headquartered in Chantilly, VA, Network Storage Solutions (NSS) designs, develops and markets SPANStor, an award-winning Network Attached Storage (NAS) operating system: a full line of NAS/SAN gateways and storage appliances: and the Thunderbolt storage system series. Its SPANStor V5 NAS software is built on an open NetBSD kernel with a powerful Journaling File System that was designed to operate on virtually any Intel-based server platform and support virtually any storage backend. Key features and functions include Snapshots, Replication, Failover, Active Directory support, LDAP (Lightweight Directory Access Protocol) A protocol used to access a directory listing. LDAP support is implemented in Web browsers and e-mail programs, which can query an LDAP-compliant directory. , Kerberos, ACLs, IPv4, IPv6, CIFS (Common Internet File System) The file sharing protocol used in Windows. It evolved out of the SMB (Server Message Block) protocol in DOS, which is why the terms CIFS/SMB and SMB/CIFS are sometimes seen. The word "Internet" in the CIFS name has little relevance. , NFS (Network File System) The file sharing protocol in a Unix network. This de facto Unix standard, which is widely known as a "distributed file system," was developed by Sun. See file sharing protocol and WebNFS. NFS - Network File System . It is deployed on industry-standard Intel hardware platforms supporting SCSI SCSI in full Small Computer System Interface Once common standard for connecting peripheral devices (disks, modems, printers, etc.) to small and medium-sized computers. SCSI has given way to faster standards, such as Firewire and USB. , FCAL FCAL Fibre Channel Arbitrated Loop , SAN Fabrics, and iSCSI. Network Storage Solutions markets its products through a channel of reseller and OEM partners. Additional information about NSS can be found at www.nssolutions.com. About IQ Biometrix, Inc. IQ Biometrix, Inc. (IQBM) provides law enforcement and security technology solutions for government and private industry. IQ Biometrix, an innovative California-based company is a leading provider of facial composite technology for law enforcement agencies A law enforcement agency (LEA) is a term used to describe any agency which enforces the law. This may be a local or state police, federal agencies such as the Federal Bureau of Investigation (FBI) or the Drug Enforcement Administration (DEA). in North America. FACES is currently used by thousands of policing agencies worldwide, including the Central Intelligence Agency and the Federal Bureau of Investigation Federal Bureau of Investigation (FBI), division of the U.S. Dept. of Justice charged with investigating all violations of federal laws except those assigned to some other federal agency. . IQB is currently developing new applications based on this foundation technology tailored to meet the needs of national, business and personal security. Its solutions practice is focused on integrating IQB and partner technologies to provide customized responses to client needs. Further information about IQB can be found at www.iqbiometrix.com. 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 To the extent that any of the statements contained herein are forward-looking, such statements are based on current expectations that involve a number of uncertainties and risks. Such uncertainties and risks include, but are not limited to, growth in the NAS market, market acceptance of products, the development of new products, the enhancement of existing products, manufacturing delays, dependence on principal customers, competitive pricing pressures, product volume and mix, global economic conditions, dependence on international operations, availability of key components, timing of orders received, and introduction of competitor products having technological and/or pricing advantages. As a result, the Company's operating results may fluctuate, especially when measured on a quarterly basis. Actual results may differ materially from such expectations. Investors are directed to consider other risks and uncertainties in documents, including forms 8K and 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 , filed by the company with the Securities and Exchange Commission, www.sec.gov. SPANStor(TM), Thunderbolt(TM), uStor(TM), NASengine(TM), and ProStor(TM) are trademarks of Network Storage Solutions. Any other product, trademark, company, or service names mentioned herein are the property of their respective owners. |
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