Company focuses on lower cost biometric products and expanded markets
JERICHO, N.Y., March 18 /PRNewswire-FirstCall/ -- bioMETRX Inc. (OTC Bulletin Board: BMRX), and Oki Semiconductor Company, a division of Oki America Inc., which is a subsidiary of Oki Electric Industry Co, Ltd., jointly announced that they are working together on a new solution that will result in significantly lowering bioMETRX's overall build costs for its expanding smartTOUCH finger-activated consumer product lines.
OKI recently announced that it has begun sampling its ML67Q5250 a "single-chip" solution enabling fingerprint authentication. "bioMETRX has been testing various technologies supplied to it by OKI Semiconductor, with additional engineering assistance from OKI headquarters in Japan. The engineering effort was initiated to examine whether we could reduce component and manufacturing costs of the smartTOUCH brand of finger activated consumer products," stated Mark R. Basile, CEO of bioMETRX, Inc. "After several weeks of testing the OKI solution, we have concluded that incorporating OKI's ML67Q5250 solution into our core design, will allow us to offer a cost effective, easy-to-use, high performance solution to use in all of our products across a wide range of vertical consumer markets."
As the global leader in finger-activated consumer biometric product engineering, development and sales, bioMETRX's smartTOUCH(TM) technology has proven to be the most dependable and robust consumer biometric platform available today. Its smartTOUCH product line is just starting to make its way into the marketplace, having shipped over 18,000 units of its garage door opener to Home Depot last quarter. The smartTOUCH line is now being expanded to door locks, cabinet locks, mailboxes and luggage. "bioMETRX's finger-activated solutions are smart, reliable and easy to use. We believe our ML67Q5250 can help those products become even more affordable to the consumer," noted Takabumi Asahi, CEO of OKI Semiconductor. "We are proud and happy to be working with an up and coming leader of consumer biometric products in North America, and feel that OKI technology will continue to add value to bioMETRX's efforts in launching new products."
About Oki Semiconductor Company
Building on OKI's century-long commitment to communications technologies and markets, OKI Semiconductor designs and markets a broad line of advanced integrated circuits for telecommunications, network, automotive, computer and consumer products. OKI's product lines include telecommunications, RF, laser, networking, speech synthesis, microcontroller and memory devices, offered in a variety of creative packages. Founded in 1977 and headquartered in Sunnyvale, Calif., OKI Semiconductor is a division of Oki America Inc., which is a subsidiary of Oki Electric Industry Co, Ltd. OKI has ISO-9000-certified manufacturing facilities in Japan and Thailand. Information on OKI Semiconductor and its products is available at http://www.okisemi.com/us.
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). bioMETRX also designs and provides fingerprint technology to a number of Original Equipment Manufacturers (OEM's).
For more information on bioMETRX and/or the company's smartTOUCH line of products, including the Master Lock smartTOUCH garage door opener, visit the Company's Web site at http://www.biometrx.net.
Safe Harbor Statement: This release may contain certain forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this release with respect to bioMETRX's business, financial condition or results of operations, as well as matters of timing and the prospective terms of any transaction described are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond bioMETRX's control with respect to market acceptance of their technology and/or products, whether financing will be available, the effect of the application of acquisition accounting policies as well as certain other risk factors which are and may be detailed from time to time in bioMETRX's filings with the Securities and Exchange Commission.
|SOURCE bioMETRX Inc.|
Copyright©2008 PR Newswire.
All rights reserved