Archive for the 'Press Releases' Category

AssureTec Systems, Inc. Receives Strategic Investment from Cross Match

by admin on December 11th, 2007

Manchester, NH, United States, 12/11/2007 - AssureTec Systems, Inc., a world leader in fully automated identity document authentication, today announced that it has received an equity investment from Cross Match Technologies, Inc., a global provider of biometric identity solutions.

   
 

AssureTec President and Chief Executive Officer, R. Bruce Reeves said, “The Cross Match investment represents a strong endorsement of our capabilities by one of the leading biometric solutions providers in the industry. There are significant synergies between our respective technologies and we look forward to working aggressively together to capitalize on them.”

Terms of the investment included Cross Match assuming a seat on AssureTec’s Board of Directors. Cross Match has elected William A. Smith II to serve on AssureTec’s Board. Mr. Smith joined Cross Match in July 2005 as Senior Vice President, General Counsel and Secretary. In September 2006, Mr. Smith was also named Director of Corporate Development. He is responsible for Cross Match’s worldwide legal affairs including commercial transactions, general corporate, employment, litigation and intellectual property matters. Mr. Smith also provides strategic and legal advice and counsel regarding the company’s global strategies, practices and processes.

“We are pleased to welcome Will to our Board,” continued Mr. Reeves. “With his legal background and strategic knowledge of the identity solutions industry, he will add considerable value to our Board and to the Company.”

Mr. Smith joins Joseph Gorman, retired Chairman and CEO of TRW, Inc., and Kenneth Gorton, financial consultant as outside Directors and Mr. Reeves, Chairman, on AssureTec’s Board.

Additional financing terms and conditions have not been disclosed.

About AssureTec Systems

AssureTec (assuretec.com) is the world leader in automated ID document authentication. Built upon patented technologies, AssureID™ can assess the authenticity of virtually any ID document in circulation, with or without machine-readable content such as magnetic stripes, bar codes or smart chips, allowing deployment of automated risk-based identity management solutions immediately without first requiring new enrollment. In accordance with FIPS 201 specifications, the system assesses the authenticity of a document without operator intervention, typically in less than five seconds, and can be used by operators with little-to-no document forensic training, significantly reducing training and operating costs and customer inconvenience. Applications include commercial identity fraud detection (i.e., banking, retail, gaming), secure enrollment (i.e., HSPD-12 PIV enrollment, driver license, passports), secure access control (i.e., border management, nuclear/chemical/high-value facilities), and age-restricted access/sale (i.e., bars/night clubs, controlled-substance sales). The company is based in Manchester, N.H.

U.S. Senate Finance Committee Hearing Highlights Security Technology Solutions to Illegal Immigration

by admin on March 17th, 2007

August 2, 2006 – U.S. Senate Finance Committee Hearing Highlights Security Technology Solutions to Illegal Immigration

See the video here:

AssureTec Systems Chosen By Merit Technologies For Inclusion In Advanced Border Management Solution For Papua New Guinea.

by admin on March 17th, 2007

February 27, 2006 AssureTec Systems Chosen By Merit Technologies For Inclusion In Advanced Border Management Solution For Papua New Guinea.

AssureTec Systems Awarded New Patent Enabling Rapid Fully Automated Identity Verification Without Compromising Privacy.

by admin on March 17th, 2007

February 22, 2006 –Â AssureTec Systems Awarded New Patent Enabling Rapid Fully Automated Identity Verification Without Compromising Privacy.

Massachusetts RMV Selects Digimarc to Help Fight Fraud and Identity Theft in Move toward Compliance with the REAL ID Act.

by admin on March 17th, 2007

October 17, 2005 — Massachusetts RMV Selects Digimarc to Help Fight Fraud and Identity Theft in Move toward Compliance with the REAL ID Act.

Memphis International Airport Bolsters Security With AssureTec’s I.D.-Validation Technology.

by admin on March 17th, 2007

June 3, 2005 — Memphis International Airport Bolsters Security With AssureTec’s I.D.-Validation Technology.

Digimarc ID Validation Suite Launches with AssureTec, Intelli-Check and Syscan.

by admin on March 17th, 2007

May 23, 2005 — Digimarc ID Validation Suite Launches with AssureTec, Intelli-Check and Syscan.

AssureTec Exceeds funding goals with $5.25M in New Equity.

by admin on March 17th, 2007

February 22, 2005 — AssureTec Exceeds funding goals with $5.25M in New Equity.

Smiths Heimann Biometrics and AssureTec Systems sign Memo of Understanding (MOU) for next generation ID Validation Systems.

by admin on March 17th, 2007

January 25, 2005 — Smiths Heimann Biometrics and AssureTec Systems sign Memo of Understanding (MOU) for next generation ID Validation Systems.

Intelitrac forms ‘Security Alliance’ for breakthrough airport security system with AssureTec and Unisys.

by admin on March 17th, 2007

October 13, 2004 — Intelitrac forms ‘Security Alliance’ for breakthrough airport security system with AssureTec and Unisys.