THE NATIONAL REGISTRY INC. LICENSES FINGERPRINT IDENTIFICATION TECHNOLOGY FROM COGENT SYSTEMS INC.
THE NATIONAL REGISTRY INC. LICENSES FINGERPRINT IDENTIFICATION TECHNOLOGY FROM COGENT SYSTEMS INC. LOS ANGELES, April 28 /PRNewswire/ -- The National Registry Inc. ("NRI"), a development-stage company involved in the application of identity verification technology, announced today that it has licensed from Cogent Systems Inc. ("Cogent") certain rights relating to the Automated Fingerprint Identification System ("AFIS") developed by Cogent. Under the terms of the license agreement, NRI has acquired exclusive rights to all commercial applications of the AFIS technology and non-exclusive rights to the AFIS technology for most governmental applications for a period of 7 1/2 years, subject to certain rights of earlier termination. In consideration of the license, NRI will pay Cogent royalties generally based on revenues of NRI, subject to certain minimum annual amounts. Cogent has also agreed during the term of the license agreement to provide technical assistance to NRI in its utilization, enhancement and development of the AFIS technology. J. Anthony Forstmann, NRI's chairman and president, stated: "We believe that Cogent Systems has developed the world's most advanced finger image identification algorithm and we are excited to work closely with them to develop and implement a variety of applications of their technology." -0- 4/28/92 /CONTACT: James P. Mitchell of The National Registry, 310-556-8371/ CO: The National Registry Inc.; Cogent Systems Inc. ST: California IN: SU: LIC
KJ-JL -- LA047 -- 4114 04/28/92 19:42 EDT
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|Date:||Apr 28, 1992|
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