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:5/20/2016)... 20, 2016  VoiceIt is excited to announce ... By working together, VoiceIt and VoicePass ... and VoicePass take slightly different approaches to voice ... security and usability. ... new partnership. "This marketing and technology ...
(Date:5/9/2016)... , UAE, May 9, 2016 ... when it comes to expanding freedom for high net ... Even in today,s globally connected world, there is ... conferencing system could ever duplicate sealing your deal with ... obtaining second passports by taking advantage of citizenship via ...
(Date:4/28/2016)... April 28, 2016 First quarter 2016:   ... 966% compared with the first quarter of 2015 The ... 589.1 M (loss: 18.8) and the operating margin was 40% (-13) ... Cash flow from operations was SEK 249.9 M (21.2) ... guidance is unchanged, SEK 7,000-8,500 M. The operating margin ...
Breaking Biology News(10 mins):
(Date:6/23/2016)... , June 23, 2016 A person commits a ... crime scene to track the criminal down. An ... Food and Drug Administration (FDA) uses DNA evidence to track ... Sound far-fetched? It,s not. The FDA has increasingly ... support investigations of foodborne illnesses. Put as simply as possible, ...
(Date:6/23/2016)... Lawrence, MA (PRWEB) , ... June 23, 2016 ... ... the Peel Plate® YM (Yeast and Mold) microbial test has received AOAC Research ... test platform of microbial tests introduced last year,” stated Bob Salter, Vice President ...
(Date:6/23/2016)... -- The Biodesign Challenge (BDC), a university competition that asks ... systems and biotechnology, announced its winning teams at the ... York City . The teams, chosen ... MoMA,s Celeste Bartos Theater during the daylong summit. Keynote ... of architecture and design, and Suzanne Lee , ...
(Date:6/23/2016)... ... , ... Supplyframe, the Industry Network for electronics hardware design ... Located in Pasadena, Calif., the Design Lab’s mission is to bring together inventors ... and brought to market. , The Design Lab is Supplyframe’s physical representation of ...
Breaking Biology Technology: