Hawk Systems Inc. Signs Letter of Intent with First United for ATM Touch & Go POS Biometric Security Technology
11 5월 2010 - 4:55AM
Business Wire
Hawk System Inc. (OTCBB:HWSY) announced that the Company in
conjunction with First United, Inc. have agreed to install up to
six (6) Hawk Systems identification software into up to 6 ATM
machines in the New York Metropolitan area on a pilot program
basis. If First United Inc. deems the project to be successful; the
Company anticipates that the Company will install systems through
out the entire First United network.
“This is an exciting project for Hawk Systems and enables us to
prove the commercial viability of our product in practical consumer
oriented applications," said Michael Diamant, Chief Executive
Officer of the Company.
About Hawk Systems, Inc.: Hawk Systems, Inc. is a
developer of innovative fingerprint Authentication technology that
it believes offers high degrees of security, convenience, and ease
of use in applications such as automobile locks and potentially
identity theft protection. The Company believes that this type of
technology can also be used for security in banking, healthcare,
hotel/casino operations, employee time clock and attendance,
stadium security, sporting and gaming applications where identity
management is required.
Hawk Systems, Inc.’s current product offerings are based on US
Patent 6,927,668 The Hawk Print Access Security System (PASS) and
pending patent US Patent Application SN 11/622,48, The Hawk Touch
& Go POS. It is the Company intent to file additional process
patents as warranted to further expand its product offerings.
As the level of security breaches and transaction fraud
increases, the Company believes the need for highly secure
identification and personal verification technologies is becoming
apparent. One solution to providing highly secure identification
and personal verification solutions is the extensive array of
existing biometric technologies, including fingerprint
scanning.
Traditional fingerprint scanning technology uses an image of the
surface of the finger to match and authenticate access. This
approach has two potential drawbacks, the size of the image for
storage (if it is high resolution) and the potential for identity
theft if the image data is compromised. Hawk Systems utilizes
sensors that “read” via low power radio frequency signals to read
beneath the skin’s surface to the living skin layer where the true
fingerprint resides. Unlike all other fingerprint technologies,
these sensors are capable of reading virtually every fingerprint
every time, regardless of skin conditions. The fingerprint is then
translated via a patented algorithm into a numeric sequence, which
requires significantly less data storage and eliminates the
potential for sensitive personal data compromise.
This press release and our other communications and statements
may contain "forward-looking statements," including statement about
our beliefs, plans, objectives, goals, expectations, estimates,
projections and intentions. These statements are subject to
significant risks and uncertainties and are subject to change based
on various factors, many of which are beyond our control. The words
"may," "could," "should," "would," "believe," "anticipate,"
"estimate," "expect," "intend," "plan," "target," "goal," and
similar expressions are intended to identify forward-looking
statements. All forward-looking statements, by their nature, are
subject to risks and uncertainties. Our actual future results may
differ materially from those set forth in our forward-looking
statements. For information concerning these factors and related
matters, see our Annual Report on Form 10-K for the year ended
September 30, 2008: (a) "Risk Factors" in Part I, Item 1A and (b)
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" in Part II, Item 7. However, other factors
besides those referenced could adversely affect our results, and
you should not consider any such list of factors to be a complete
set of all potential risks or uncertainties. Any forward-looking
statements made by us herein speak as of the date of this press
release. We do not undertake to update any forward-looking
statements, except as required by law.
Hawk Systems (CE) (USOTC:HWSY)
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Hawk Systems (CE) (USOTC:HWSY)
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