Titanium Group Implements Biometric Sign-On Infrastructures for Hong Kong Immigration Department
March 04 2008 - 8:00AM
PR Newswire (US)
Company's Biometric Sign-On Infrastructures (BSI) enhances and
tightens security control of e-Passport system in Immigration
Department of Hong Kong SAR Government SAN JOSE, Calif., March 4
/PRNewswire-FirstCall/ -- Titanium Group, Ltd. (OTC:TTNUF)
(BULLETIN BOARD: TTNUF) , a leading biometric and security
solutions provider announced a contract was awarded in October 2006
to develop Biometric Sign-on Infrastructure (BSI) using Titanium's
Face Recognition Software for the Hong Kong Immigration Department
(ImmD). This biometric sign-on solution with audit trail uses human
face authentication combined with traditional user ID and password
authentication for securing ImmD's Electronic Passport System
(e-Passport). "We are glad to have this exciting opportunity to
vastly implement our sophisticated face recognition technology in
ImmD for the biometric sign-on infrastructure. Through this
challenging implementation, both our hardware and software for face
authentication are proven to enhance the security control and
maximize the usability. It also strengthens our position and
creditability in delivering the similar solutions in the region.
This also reflects the continual emergence of biometric
technologies in identity management to enhance the traditional
means such as password and/or smart card, allowing us to extend our
position of leadership within the facial recognition market," said
Billy Tang, CEO of Titanium. About Titanium Group: Titanium Group,
Ltd. (http://www.titanium-tech.com/), and it's 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: IBM, Amway, People's Bank of China, and
Governments of Mainland China, Hong Kong, and Turkey, etc. 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 Sasaki, President
of Trout Trading Company, +1-303-671-0270, , for Titanium Group,
Ltd. Web site: http://www.titanium-tech.com/
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