TORONTO, March 21 /PRNewswire-FirstCall/ -- Bioscrypt Inc. (TSX: BYT), a leading provider of identity verification technology, today announced that Amano has selected Bioscrypt technology for its new time terminals. First production of the terminals containing the MV-Series module will occur in April and will be sold internationally.
Time and attendance terminals containing Bioscrypt's MV-Series modules provide organizations the ability to automatically record the time an employee reports to work and the time the employee exits the facility by authenticating themselves with a finger scan. Benefits of this are seen by both the employee, as they are sure to be paid for the hours they are at work and the employer, as it mitigates administrative errors related to manual processing.
"Following a rigorous evaluation process, Amano has decided to use the Bioscrypt biometric readers to implement in the new iTerminal. The iTerminal series are advanced terminals which have no equal in the market segment, we had to look for a biometric offering that matches the quality & functionality," said Erik Cotman, Business Development Director. "We look forward to growing our biometrically enabled terminal sales with our more advanced offering."
"Adding Amano to our time and attendance terminal manufacturing family further extends our industry recognized position as the leading provider of biometric technology to the time and attendance market," said Robert L. Williams, President and CEO, Bioscrypt. "From 2002 to 2005 unit sales of our MV Series products has grown by more than 180 percent. We are confident that our embedded solutions will continue to gain traction as an increasing number of manufacturers add biometrics to their equipment."
About Amano
AMANO is an international company providing products in areas critical to the modern world. Since 1931, when the company introduced its first electronic time recorder, AMANO continued to develop and offer the products and systems the users need. Today, AMANO enjoys a worldwide reputation in both hardware and software. AMANO earned this reputation through research and development efforts, manufacturing expertise and customer service programs in all our business divisions. For more information, visit the ASE Europe web site at http://www.ase-europe.net/.
About Bioscrypt Inc.
Bioscrypt Inc. is a leader in identity verification technologies, providing solutions for converged physical and logical access, enabling unified authentication from Door to Desktop(TM). Bioscrypt's offerings simplify the task of implementing secure access to facilities, equipment and IT networks. The company develops and sells biometric embedded solutions, access control readers and identity and access management software to protect the physical and network assets of international government agencies and leading organizations in the financial services, healthcare, and manufacturing sectors. More information is available at http://www.bioscrypt.com/.
Forward-looking (safe harbour) statement
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as "believes", "plans", "expects" or "intends" and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.
Bioscrypt and MV-Series are trademarks of Bioscrypt Inc. All other
trademarks or registered trademarks referenced herein are properties of
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