Titanium Group Announces Biometric Contract with One of the Most Active Clinics in Hong Kong
November 27 2007 - 8:00AM
PR Newswire (US)
New Applications of Titanium's Core Technology in the Health Care
Industry SAN JOSE, Calif., Nov. 27 /PRNewswire-FirstCall/ --
Titanium Group, Ltd (OTC:TTNUF) (BULLETIN BOARD: TTNUF) , a leading
biometric and security solutions provider announced today it has
signed a contract with Hong Kong Polytechnic University Clinic for
the installation of a biometric pharmacy system powered by
Titanium's Biometric Facial Recognition technology. In this newly
designed application, all patients, together with their
corresponding medical histories, are registered into the system.
After each visit, the patients would then be required to verify
their identities before collecting their medication, ensuring that
everyone will be taking the correct drugs prescribed by the
physicians. "Given there have been cases in other clinics where
patients took the wrong drug leading to very serious problems, this
system is designed specifically for the clinic to avoid any
potential occurrence of such a nature, and thus liability, for the
clinic. This use of Titanium's Biometric Facial Recognition
technologies is a ground-breaking application of our products and
we are excited to see our technologies working effectively, now in
the healthcare industry. This is a very large and growing sector
which is full of market potential for our products in the region,"
said Billy Tang, COO of Titanium Group Ltd. The Clinic provides
primary health care services, nursing practices, dispensary and
laboratory services, health education and promotion, and TCM
service. Over 20,000 full time students, staff and their
dependents, as well as retirees on the campus of approximately
93,500 square meters are covered by this service. About Titanium
Group: Titanium Group, Ltd (http://www.titanium-tech.com/), and its
wholly owned subsidiary Titanium Technology, is a leading biometric
and security solutions provider featuring its proprietary and
patented automated Face Recognition Systems (AFRS). Titanium's AFRS
products capture human face images electronically, input the facial
images into searchable files (faceprint) and, in just seconds,
accurately compare the facial images to a database containing
millions of faces. These cutting-edge products reduce
administration cost, enhance security, and significantly increase
overall productivity. Titanium's products are distributed
worldwide, either directly or through resellers or OEM partners, to
governments, law enforcement agencies, gaming companies, and other
organizations. The Company's clients include: ESPN, IBM and the
Peoples Bank of China. Safe Harbor Provisions Certain oral
statements made by management from time to time and certain
statements contained in press releases and periodic reports issued
by Titanium Group, Ltd. (the "Company"), as well as those contained
herein, that are not historical facts are "forward-looking
statements" within the meaning of Section 21E of the Securities and
Exchange Act of 1934 and, because such statements involve risks and
uncertainties, actual results may differ materially from those
expressed or implied by such forward-looking statements.
Forward-looking statements, including those in Management's
Discussion and Analysis, are statements regarding the intent,
belief or current expectations, estimates or projections of the
Company, its Directors or its Officers about the Company and the
industry in which it operates, and are based on assumptions made by
management. Forward looking statements include without limitation
statements regarding: (a) the Company's strategies regarding growth
and business expansion, including future acquisitions; (b) the
Company's financing plans; (c) trends affecting the Company's
financial condition or results of operations; (d) the Company's
ability to continue to control costs and to meet its liquidity and
other financing needs; (e) the declaration and payment of
dividends; and (f) the Company's ability to respond to changes in
customer demand and regulations. Although the Company believes that
its expectations are based on reasonable assumptions, it can give
no assurance that the anticipated results will occur. When issued
in this report, the words "expects," "anticipates," "intends,"
"plans," "believes," "seeks," "estimates," and similar expressions
are generally intended to identify forward-looking statements.
Important factors that could cause the actual results to differ
materially from those in the forward-looking statements include,
among other items, (i) changes in the regulatory and general
economic environment; (ii) conditions in the capital markets,
including the interest rate environment and the availability of
capital; (iii) changes in the competitive marketplace that could
affect the Company's revenue and/or cost and expenses, such as
increased competition, lack of qualified marketing, management or
other personnel, and increased labor and inventory costs; (iv)
changes in technology or customer requirements, which could render
the Company's technologies noncompetitive or obsolete; (v) new
product introductions, product sales mix and the geographic mix of
sales. The Company disclaims any intention or obligation to update
or revise forward-looking statements, whether as a result of new
information, future events or otherwise. Safe Harbor Statement
under the Private Securities Litigation Reform Act of 1995: The
statements which are not historical facts contained in this
advertisement are forward-looking statements that involve certain
risks and uncertainties including but not limited to risks
associated with the uncertainty of future financial results,
additional financing requirements, development of new products,
governmental approval processes, the impact of competitive products
or pricing, technological changes, and the effect of economic
conditions. DATASOURCE: Titanium Group, Ltd CONTACT: Randy J.
Sasaki, President of Trout Trading Company, Inc., +1-303-671-0270,
, for Titanium Group, Ltd Web site: http://www.titanium-tech.com/
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