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Patent Issued for e-Smart Technologies, Inc.’s First Biometric Match-on-Card Technology
Monday, November 05, 2007
New York, NY -- e-Smart Technologies, Inc. (Pink Sheets: ESMT); ("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/.
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