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CONTACT: e-Smart® Media Relations
703-768-7477
e-Smart® to Team with Samsung S1 Corporation
Tech Leader In Biometric Smart Cards Joins Forces With
Leading Security Provider
WASHINGTON and SEOUL, May 26, 2005
/PRNewswire-FirstCall via COMTEX/ — 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™ (“BVS2™”), featuring
the Super Smart Card™, 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™, 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™ 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 visit http://www.e-Smart®technologies.com.
© 2005 PR Newswire. All rights reserved.
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