e-Smart to Team With Samsung S1 Corporation
May 26 2005 - 9:00AM
PR Newswire (US)
e-Smart to Team With Samsung S1 Corporation Tech Leader in
Biometric Smart Cards Joins Forces With Leading Security Provider
WASHINGTON and SEOUL, South Korea, May 26 /PRNewswire-FirstCall/ --
e-Smart Technologies, Inc., (Pink Sheets: ESMT); ("e-SMART" or the
"Company") is pleased to announce that it has entered into a
"Teaming Agreement" with the Samsung S1 Corporation, a member of
the Samsung family of companies. As Korea's largest total security
provider, the Samsung S1 Corporation enjoys seventy percent of the
market share, offering security solutions in everything from crime
to fire prevention to information and communication services. As a
leader in the digital era, the Samsung S1 Corporation is focused on
smart card, communication security and the mobile security arenas
as well, with a special focus on providing a single smart card for
a variety of applications, including security card, credit card,
transportation card, e-money, medical card and PC security. e-Smart
is the exclusive provider for Asia and the US of the Biometric
Verification Security System(TM) ("BVS2(TM)"), featuring the Super
Smart Card(TM), which experts believe to be the world's only
commercially available smartcard with a full on-card system for
biometric ID verification and the Super Smart Passport(TM), the
world's first digital passport that authenticates the passport
holder's identity via on-board fingerprint sensor and biometric
matching system wirelessly powered, with no physical connection
required. Pursuant to the terms of the Agreement, the parties will
cooperate on identifying projects in Asia and around the world
which will combine the advanced technology offered by the e-Smart
Super Smart Card(TM) with the decades long expertise of Samsung
S1's security systems solutions. Upon signing the Agreement, Vice
President of Samsung S1 Corporation, Shin Sung Gyun, said, "S1 is
leading the way in digital security and the company is determined
to provide the most advanced security systems to protect lives and
properties. By teaming with e-Smart Technologies, Inc., I believe
we will move forward to achieve this goal and continue as the
number one provider in the digital security industry, providing the
best product and the most security in every facet of our day-to-day
lives." Mary Grace, President and CEO of e-Smart mirrored Mr.
Shin's sentiments saying, "It has always been the goal of e-Smart
to get our product to the people -- to provide security for an
unlimited number of applications. With Samsung S1's decades of
experience in the security industry, I feel confident that together
we will accomplish this goal." Safe Harbor Statement: Statements in
this news release that relate to future plans, financial results or
projections, events or performance are forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended and Section 21E of the Securities Exchange Act of 1934, as
amended. While these statements are made to convey to the public
the Company's progress, business opportunities and growth
prospects, readers are cautioned that such forward-looking
statements represent the management's opinion. While management
believes such representations to be true and accurate based on
information available to the Company at this time, actual results
may differ materially from those described. For More Information
about e-Smart Technologies, please go to:
http://www.e-smarttechnologies.com/ or contact e-Smart Media
Relations: 703-768-7477 or go to DATASOURCE: e-Smart Technologies,
Inc. CONTACT: e-Smart Media Relations, +1-703-768-7477, Web site:
http://www.e-smarttechnologies.com/
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