Evermedia Biometrics Signs Teaming Agreement With Leading Provider of Fingerprint Technologies
NEW YORK, NY -- (Marketwire) -- 08/11/09 -- Evermedia Biometrics Corporation, a wholly owned subsidiary of the Evermedia Group, Inc. (PINKSHEETS: EVRM), signed a teaming agreement with Biometric Associates, LP (BAL) to pursue several upcoming contracting opportunities, including work related to the development of Match on Card (MOC) technology. As a teaming partner, Biometric Associates, LP will accompany the active Joint Venture between Evermedia Biometrics and Nations ID, contributing fingerprint identity applications as well as its industry knowledge to MOC development and other federal biometric initiatives.
The agreement forms a strategic alliance between the three companies and sets forth performance guidelines for all future joint contracting.
Currently, teaming partners have answered bid requests which, if awarded, would exceed several million dollars in services. All bids the team has thus submitted are to provide services under federal contracts. While the team anticipates forthcoming contracting opportunities from outside the public sector, the bid requests mentioned above only represent a small fraction of government services within the teaming partners' calculated focus. Over the next 5 years, this teaming agreement, in addition to the agreement with System Technology Solutions, Inc., postures Evermedia to answer upwards of $100 million in federal bid requests.
"BAL brings a wealth of experience and a talented management team to the alliance," said Jonathan Sym, CEO of Evermedia Biometrics. "With their successful track record in fingerprint technology, expertise in federal contracting and standardization, BAL's participation expands available opportunities and reinforces our position." Sym continued, "BAL knows this industry, and BAL knows that now is the time to prepare multimodal biometric applications like MOC for DoD and similar entities."
About Biometric Associates, LP
Biometric Associates is a unique developer, manufacturer, and integrator of authentication and identity systems specifically designed to provide a high level of security and privacy protection. BAL's products can be integrated into Bluetooth smart card readers, RFID Contactless cards, biometric USB thumb drives, Internet authentication servers and electronic monitoring systems, as well as other logical and physical access control applications.
BAL's clients include both public and private entities and BAL maintains extensive corporate partnerships with Novacard, Trust Digital, Palm, Windows Mobile, X Tec, and HSB.
About Evermedia Biometrics
Evermedia Biometrics Corporation, a wholly owned subsidiary of The Evermedia Group, Inc., develops iris recognition applications using proprietary and patented technologies for the purpose of creating physical and logical access control solutions to service the ID management and security concerns of commercial and government enterprises.
Safe Harbor Statement
Certain Statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performances or achievements express or implied by such forward-looking statements. The forward-looking statements are subject to risks and uncertainties including, without limitation, changes in levels of competition, possible loss of customers, and the company's ability to attract and retain key personnel.
The Evermedia Group, Inc.
Jonathan Sym
917-209-5787 Cell
646-216-2157 Office
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