Navigation Links
Titanium Group Announces Contract for Security Solution in High-End Residentials
Date:4/15/2008

COMPANY TO DEPLOY ITS BIOMETRIC SECURITY SOLUTIONS FOR TWO RESIDENTIAL

COMPLEXES IN PRESTIGIOUS LOCATION

SAN JOSE, Calif., April 15 /PRNewswire-FirstCall/ -- Titanium Group, Ltd (OTC Bulletin Board: TTNUF), a leading biometric and security solutions provider announced today they have secured contracts to deploy its security systems for several large residential complexes, including "Strawberry Hill" on The Peak, one of the most prestigious residential areas in Hong Kong. Both systems will include a variety of state-of-the-art security components such as biometrics access control, intelligent surveillance system, radio frequency identification system etc. The estimated contract sum for the two projects is around US$400K and is expected to complete by Q3 of 2008.

"Following the contract with Kwai Hung Realty Company Ltd. in Oct, 2007 (http://www.ttnuf.com/news/news071024.htm) in which we installed our facial recognition access control system in the entrance of their deluxe apartment complex, we are delighted to further expand in this market with two projects of even larger scale. These two projects are both of extremely high-caliber which would effectively demonstrate to our products' capability to the public," said Dr. Johnny Ng, Chairman of Titanium Group. "Looking ahead, we feel absolutely positive about Titanium's continual growth in this sector. Hong Kong's high-end property market is booming at a fantastic pace and our technologies evidently cater perfectly to the market need. More projects are already in discussion and we fully expect our project revenue in the residential sector alone to surpass $1M in 2008.

About Titanium Group:

Titanium Group, Ltd (http://www.titanium-tech.com), and its wholly owned subsidiary Titanium Technology, is a leading biometric and security solutions provider featuring its proprietary and patented Automated Face Recognition Systems (AFRS). Titanium's AFRS products capture human face images electronically, input the facial images into searchable files (faceprint) and, in just seconds, accurately compare the facial images to a database containing millions of faces. These cutting-edge products reduce administration cost, enhance security, and significantly increase overall productivity. Titanium's products are distributed worldwide, either directly or through resellers or OEM partners, to governments, law enforcement agencies, gaming companies, and other organizations. The Company's clients include: IBM, Hong Kong Government and the Peoples Bank of China, etc.

Safe Harbor Provisions

Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by Titanium Group, Ltd. (the "Company"), as well as those contained herein, that are not historical facts are "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934 and, because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements, including those in Management's Discussion and Analysis, are statements regarding the intent, belief or current expectations, estimates or projections of the Company, its Directors or its Officers about the Company and the industry in which it operates, and are based on assumptions made by management. Forward-looking statements include without limitation statements regarding: (a) the Company's strategies regarding growth and business expansion, including future acquisitions; (b) the Company's financing plans; (c) trends affecting the Company's financial condition or results of operations; (d) the Company's ability to continue to control costs and to meet its liquidity and other financing needs; (e) the declaration and payment of dividends; and (f) the Company's ability to respond to changes in customer demand and regulations. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions are generally intended to identify forward-looking statements.

Important factors that could cause the actual results to differ materially from those in the forward-looking statements include, among other items, (i) changes in the regulatory and general economic environment; (ii) conditions in the capital markets, including the interest rate environment and the availability of capital; (iii) changes in the competitive marketplace that could affect the Company's revenue and/or cost and expenses, such as increased competition, lack of qualified marketing, management or other personnel, and increased labor and inventory costs; (iv) changes in technology or customer requirements, which could render the Company's technologies noncompetitive or obsolete; (v) new product introductions, product sales mix and the geographic mix of sales.

The Company disclaims any intention or obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this advertisement are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, governmental approval processes, the impact of competitive products or pricing, technological changes, and the effect of economic conditions.


'/>"/>
SOURCE Titanium Group, Ltd
Copyright©2008 PR Newswire.
All rights reserved

Related biology news :

1. Titanium Group Announces Launch of New Identification Solution Targeting High Growth Retail Sector
2. Titanium Group Announces Biometric Contract with One of the Most Active Clinics in Hong Kong
3. Titanium Group Signs Letter of Intent to Acquire Multimilion Dollar Medical Software Company and Its Existing Sales Network
4. Titanium Group to Showcase Products and Technologies in Prestigious Government Seminar
5. Titanium Group Signs Letter of Intent to Acquire Multimilion Dollar Medical Software Company and Its Existing Sales Network
6. Titanium Group Announces Contract With Haitong Securities
7. Nations and conservation groups seek plan to protect Ghost of the Himalayas
8. Group led by Stanford physicist says theres an urgent need for nuclear detectives
9. Madagascars tortoises are crawling toward extinction, groups say
10. Environmental groups call for increased protection of coral reefs
11. Varying prevalence among ethnic groups of gene mutation that increases risk of breast cancer
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/13/2017)... According to a new market research report "Consumer ... Administration, and Authorization), Service, Authentication Type, Deployment Mode, Vertical, and Region - ... to grow from USD 14.30 Billion in 2017 to USD 31.75 Billion ... ... MarketsandMarkets Logo ...
(Date:4/11/2017)... BROOKLYN, N.Y. , April 11, 2017 /PRNewswire-USNewswire/ ... identical fingerprints, but researchers at the New York ... University College of Engineering have found that partial ... fingerprint-based security systems used in mobile phones and ... previously thought. The vulnerability lies in ...
(Date:4/5/2017)... April 5, 2017  The Allen Institute for Cell ... Explorer: a one-of-a-kind portal and dynamic digital window into ... data, the first application of deep learning to create ... cell lines and a growing suite of powerful tools. ... these and future publicly available resources created and shared ...
Breaking Biology News(10 mins):
(Date:4/20/2017)... Life Sciences Inc. (TSX: PLI) (OTCQX: PFSCF) ("Prometic" or the ... ("ILC") 2017 of the European Association for the Study of ... the positive effects of PBI-4050 on reduction of non-alcoholic steatohepatitis ... ... Gagnon, Vice-President of R&D Pre-clinical of Prometic "This extensive preclinical ...
(Date:4/20/2017)... and PETACH TIKVAH, Israel , April 20, ... developer of adult stem cell technologies for neurodegenerative diseases, announced ... present at the Alliance for Regenerative Medicine,s (ARM) 5 th ... April 27, 2017 at 09:40 EDT in Boston ... , MD, MHSc, Chief Medical Officer & Chief Operating Officer, ...
(Date:4/19/2017)... ... April 18, 2017 , ... ... . The move comes after the company changed focus to making analytical tools ... brand and our new technology,” says CEO Robert Hart. Founders Bernardo Cordovez, Robert ...
(Date:4/19/2017)... PUNE, India , April 19, 2017 ... Global Opportunity Analysis and Industry Forecast, 2014-2022 ," the global market was valued ... 2022, registering a CAGR of 9.6% from 2016 to 2022. ... ...      ...
Breaking Biology Technology: