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CONTACT: e-Smart® Media Relations
703-768-7477
Patent Issued for e-Smart® Technologies, Inc.'s First Biometric Match-on-Card Technology
New York, November 5, 2007 /PRNewswire-FirstCall/
— e-Smart® Technologies, Inc. (Pink Sheets: ESMT - News); ("e-Smart®")
with its parent company IVI Smart Technologies, Inc. ("IVI")
(hereinafter, collectively the "Company") is pleased to announce
that the United States Patent and Trademark Office has issued a patent
for the Company's cutting edge, intelligent biometric identification card
technology.
On October 2, 2007, the United States Patent and Trademark Office issued
Patent No. 7,278,025, entitled "Secure Biometric Verification of
Identity," to e-Smart®'s parent corporation, IVI Smart Technologies,
which has licensed the use of the technology to e-Smart®. The patent encompasses
27 separate claims relating to numerous aspects of the technology, including
patent protection for our "intelligent identification card comprising
an on-board sensor for capturing live biometric data" and an "on-board
processor including a memory storing reference data" which "compares
the captured data with the stored data and generates a verification message
if there is a match within a predetermined threshold."
The patent also covers the Company's method for capturing the biometric
data and matching that captured data with reference data, and causing
the card to perform a desired function only if the identity of the user
is verified.
Tamio Saito, Chief Technology Officer and lead inventor, said "I
am filled with great pride and satisfaction at this acknowledgement of
the years of work of e-Smart®'s talented team of engineers. We dedicated
years to the development of e-Smart®'s state-of-the-art identification
and payment security system, and the Super Smart Card, and now we
can begin its deployment on a worldwide scale to protect people and secure
countries with the confidence and security of patent protection for our
inventions."
Mary Grace, Chief Executive Officer of e-Smart®, said "This is a great
milestone for the Company. Years of hard work went into the development
of this truly unique technology and it is a tribute to our engineers.
From the beginning they never doubted this was world-changing technology
and it is because of their unwavering dedication that we now hold the
patent confirming the uniqueness of our match-on card biometric technology.
My sincere hope and foremost goal with this patent is to produce financial
rewards for our shareholders who we thank for their support and belief
in our work and our vision - to help the world to be safer and more secure."
e-Smart® Technologies, Inc., is the exclusive supplier of the Biometric
Verification Security (BVS2) system, the Super Smart Card
system technology and related system technologies for Asia, Africa and
the US, which e-Smart® believes to be the world's first smartcard of its
kind with an on-card sensor and a full match on-card system and other
unique technologies for secure biometric ID verification. e-Smart®'s next
generation technologies allow governments, public and private institutions,
healthcare providers and insurers, companies large and small, to provide
a superior level of protection. The Super Smart Card system technology
and BVS2 security system can secure countries from criminal and terrorist
threats, stop ID and payment fraud, along with identity theft in connection
with physical and logical access and financial transactions, including
telephone, Internet payment and other financial and data related transactions
all while protecting individual privacy.
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 visit http://www.e-Smart®.com
or contact Media Relations at 703-768-7477 or media@e-smart.com
SOURCE e-Smart® Technologies, Inc.
© 2007 PR Newswire. All rights reserved.
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