Navigation Links
bioMETRX Expands Engineering and Manufacturing Capabilities
Date:5/19/2008

Former Sequiam China to provide continuing services to company

JERICHO, N.Y. and GUANGZHOU, China, May 19 /PRNewswire-FirstCall/ -- bioMETRX (OTC Bulletin Board: BMRX) and SKI Engineering, jointly announced that they have formed a strategic business alliance that will provide bioMETRX increased engineering and manufacturing capabilities.

"I'm extremely excited about our strategic business alliance with SKI Engineering," said Mark Basile, CEO of bioMETRX. "The former Sequiam East's engineering team has dedicated numerous years of research & development to biometric products that work in a small footprint, utilizing a nominal power supply, with minimal processing capability and with little to no memory environment. bioMETRX has been able to immediately leverage SKI's engineering skills increasing our company's leadership among OEM's in integrating biometric technology into their products."

"The bioMETRX team has done a phenomenal job of establishing robust business relationships with globally recognized and trusted OEM clients," said Edward Chen, CEO of SKI Engineering. "I look forward to working with this group of seasoned managers over the coming months and am convinced their capabilities will allow bioMETRX to emerge in the OEM-consumer focused segment of the identity management market the way L1-Identity Solutions has in the government space."

"SKI Engineering has been left with an enormous inventory surplus of bioVAULTS and bioBOX's due to the Sequiam bankruptcy. We have purchased a significant amount of that inventory, and we are working with our partners and distributors to place the balance," noted Cliff Zsvec, V.P. of Global Logistics at bioMETRX. "Those former Sequiam products are being rebranded smartTOUCH(TM) as we speak. The company has also sold and delivered over $30,000 worth of bioVAULTS and bioBOX's from our California warehouse facilities into our channels over the last two weeks. We will be stepping up our marketing efforts for these and our other smartTOUCH(TM) products over the next several weeks," continued Mr. Zsvec.

Research conducted by Frost & Sullivan estimates that this niche of the identity management market will generate approximately $105 million in 2008, growing to over $689 million in revenue by 2011.

About bioMETRX, Inc.

bioMETRX, Inc. is rapidly becoming the leader in designing and bringing to market, practical, secure, everyday consumer biometric products for the garage door, door hardware, HVAC, home security, PC, automotive and portable lock markets. Utilizing its proprietary technology, the "powered by smartTOUCH(TM)" platform, bioMETRX has developed an entire family of products so smart, they recognize you. The company's product line is branded under the protected trade name smartTOUCH(TM).

Safe Harbor Statement -- Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company and its subsidiaries. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by the company may differ materially from these statements due to a number of factors. Any forward-looking statements speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to beliefs, plans, expectations, or intentions regarding the future. Risk factors that may cause results to differ from projections include, without limitation, loss of suppliers, loss of customers, inadequate capital, competition, loss of key executives, declining prices, and other economic factors. The company assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions. Additional factors can be found in our annual report on form 10-KSB for the fiscal year ended December 31, 2006, and our other filings with the SEC which are available at the SEC's Internet site (http://www.sec.gov). Forward-looking statements in this press release speak only as of the date of this press release, and we assume no obligation to update forward-looking statements or the reasons why actual results could differ.


'/>"/>
SOURCE bioMETRX, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related biology news :

1. bioMETRX, Inc. Calls Series B Warrants
2. bioMETRX, Inc. Acquires Patent for Biometric Padlock
3. bioMETRX, Inc. Acquires Patent for Biometric Padlock
4. bioMETRX Announces Availability of New smartTOUCH(TM) Product
5. bioMETRX, Inc. Announces Integration of AuthenTec Fingerprint Sensor in smartTOUCH(TM) Product Line
6. bioMETRX to Introduce New smartTOUCH(TM) Products in 2008
7. bioMETRX Incorporates OKIs Fingerprint Engine in its smartTOUCH Product Line
8. bioMETRX, Inc. Closes Angel Round of Funding
9. bioMETRX, Inc. Introduces New Products
10. bioMETRX, Inc. Files for Several New Patents
11. Ossur -- leading orthopedic pioneer - expands network to Asia
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/11/2017)... 11, 2017  Michael Johnson, co-founder of Visikol Inc. a company ... has been named to the elite "Forbes 30 Under 30" list ... 600 people in 20 fields nationwide to be recognized as a ... applicants were selected. ... He is currently a PhD candidate at Rutgers University. ...
(Date:1/6/2017)... 5, 2017  Delta ID Inc., a leader in ... for automotive at CES® 2017. Delta ID has collaborated ... demonstrate the use of iris scanning as a secure, ... driver in a car, and as a way to ... Delta ID and Gentex will demonstrate (booth ...
(Date:1/3/2017)... 2017 Onitor, provider of digital health technology ... an innovative biometric data-driven program designed to aid weight ... the 2017 Consumer Electronics Show (CES) in ... U.S., the World Health Organization (WHO), have identified lifestyle ... who are overweight or obese. WHO also states that ...
Breaking Biology News(10 mins):
(Date:1/19/2017)... ... January 19, 2017 , ... ... the full spectrum of drug and device development, and Prism Clinical Research ... and clinicians, today announced Verified Clinical Trials (VCT) has been selected ...
(Date:1/19/2017)... BETHESDA, Md. , Jan. 18, 2017  Northwest ... company developing DCVax® personalized immune therapies for operable and ... Marnix Bosch , Chief Technical Officer of NW Bio, ... Thursday, January 19, 2017, at the Hyatt Regency Hotel ... Dr. Bosch will chair the session entitled "New Therapeutic ...
(Date:1/19/2017)... Jan. 18, 2017 BD (Becton, Dickinson and Company) (NYSE: ... that it will host a live webcast of its Annual Meeting ... The webcast can be accessed from the BD ... through Tuesday, January 31, 2017. ... About BD BD is a global medical ...
(Date:1/18/2017)... According to a new market research report "In situ Hybridization Market by Technique ... Diagnostic Laboratories, Academic and Research Institutions) - Global Forecast to 2021" published by ... USD 557.1 Million in 2016, growing at a CAGR of 5.8%. ... ... MarketsandMarkets Logo ...
Breaking Biology Technology: