This important development is the beginning of the metamorphosis from a development company to a commercial enterprise. Although the company has already received revenue from license fees, the value of a licensing company is the stream of royalty payments achieved on sales of biometric products by licensees. ID Technologies is a frontier biometric technology licensing company. The company owns the rights to certain foundation patents which allow identification of persons via self-authenticating credit and smart cards, panels or substrates. This technology is unique because it protects the user's privacy.
Identification takes place entirely on the card without external devices of any sort.
Any of a user's personal data resides strictly on the card and not on any external databases. Potential applications range from credit and smart cards, facility access, computer access, time and attendance, wireless phones and firearm access. Statements which are not historical facts, including statements about the company's confidence and strategies and its expectations about new and existing products, technologies and opportunities, market and industry segment growth, demand and acceptance of new and existing products are forward looking statements that involve risks and uncertainties. All rights reserved. Privacy Policy - Terms of Service Copyright 2001 PR Newswire .