Print this pageMonday March 31, 2003, 8:30 am ET
MALVERN, PA--(BUSINESS WIRE)—March 31, 2003— identiMetrics, Inc. announced today that it has signed a strategic agreement with Core systems (NI) Limited headquartered in Belfast, Northern Ireland. This agreement forms the foundation for a long-term strategic relationship between the two companies.
Both companies entered into this relationship in order to define and explore specific market opportunities related to the development, integration and marketing of certain biometric software products and solutions.
Raymond J. Fry, President, Chief Executive Officer and Chairman of identiMetrics said,” The management team of Core Systems demonstrates outstanding expertise in software design and production. Northern Ireland has a well-educated and technologically adept workforce that can provide an excellent product at a cost-effective price. I look forward to a long and productive relationship with Core Systems in Belfast."
Patricia O'Hagan, Director of Core Systems said, “identiMetrics, Inc. bring a wealth of professional experience to the partnership including managerial, financial, legal and marketing. The combination of our joint expertise makes us well placed to bring leading edge biometric identification and tracking solutions to our target markets on a global scale.”
About identiMetrics
identiMetrics, Inc, a privately held company headquartered in Malvern, PA, is a leader in the development, integration and marketing of biometric fingerprint identification solutions. Acknowledged as best in class, identiMetrics develops, integrates and markets security, identification, and tracking biometric hardware and software products for the education market. The products are biometric fingerprint identification replacements for swipe card readers, bar code readers and PIN pads that allow for quick and positive identification in the cafeteria, library, nurse's office and for secure entrance to schools. The goal is to provide a safe and secure environment in which all students can enjoy learning. For more information visit www.identimetrics.net.
Forward-Looking Statements: Except for historical information contained herein, the matters discussed in this news release may contain forward-looking statements that involve risks and uncertainties. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance due to factors that could cause actual results to differ materially, including but not limited to, technical risks associated with new technology development, market acceptance of our product, competition and technological change.
For further information:
Please contact: Raymond J. Fry, Chief Executive Officer
610-993-9042 Voice
610-993-8463 Fax
jayfry@identimetrics.net