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Monday, June 21, 2004 9:33:47 AM
in SEHO on this pr-> SENSE Holdings and Oak Ridge National Laboratory Investigate Strategic MEMS Sales Opportunities for Patented Explosive Detection Technology
Monday June 21, 9:03 am ET
MEMS Can Detect Many Dangerous Explosive Chemicals and Agents
FORT LAUDERDALE, Fla., June 21 /PRNewswire-FirstCall/ -- SENSE Holdings, Inc. (OTC Bulletin Board: SEHO - News; SENSE), a leading provider of biometrically secured authentication and identification systems, announced that the company has established marketing criteria, test results, and are now exploring sales and licensing opportunities with strategic partners and potential buyers for its patented explosive detection technology. SENSE has acquired the exclusive license for detecting land mines and unexploded ordnances, and the co- exclusive license for detecting explosives in all security-related applications. SENSE Holdings has been a partner of Oak Ridge National Laboratory (ORNL) since SENSE acquired the technology in May 2001. The MEMS (micro-electromechanical sensor) technology uses an array of semiconductor sensors to detect or sniff out explosive molecules and can identify certain contaminants such as TNT, DNT, C4, dangerous gases, and can also be modified for detection of narcotics or chemical weapons.
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"We feel at SENSE this technology is still in its development stage and can be utilized for many future security-based applications. We are proud to be associated with such a prestigious organization as ORNL and are very excited to be part of the maturation of this low-cost, accurate explosive detection solution," stated Dore Perler, CEO of SENSE Holdings, Inc.
"We are very excited to have SENSE Holdings as a commercialization partner for our MEMS technology," stated Bob Quinn, ORNL's Director of Technology Commercialization. "The application areas on which they are focusing the technology will not only provide a financial return but will also address issues of national and international importance, such as the detection of land mines."
"The size and scope of the potential market is worldwide, and we feel the finished MEMS solution can be sold to schools, border control, customs, airports, seaports, and corporate businesses for the protection of our country and its people," added Mr. Perler. SENSE Holdings also plans to market the technology to the Department of Homeland Security for the protection and support of all related markets."
SENSE is seeking strategic partners and funding partners to help expose the technology and its potential uses.
About ORNL
ORNL is a multiprogram science and technology laboratory managed for the U.S. Department of Energy by UT-Battelle, LLC. Scientists and engineers at ORNL conduct basic and applied research and development to create scientific knowledge and technological solutions that strengthen the nation's leadership in key areas of science; increase the availability of clean, abundant energy; restore and protect the environment; and contribute to national security. ORNL also performs other work for the Department of Energy, including isotope production, information management, and technical program management, and provides research and technical assistance to other organizations.
About SENSE Holdings, Inc.
SENSE Holdings, Inc. (http://www.senseme.com), is comprised of two wholly owned subsidiaries, SENSE Technologies, Inc., a leading manufacturer of biometrically secured authentication and identification systems, and MSTI, Inc., a leading micro-sensor explosives detection research and development organization. MSTI holds patents and intellectual property that enable explosives detection, authentication, and identification. SENSE Holdings, Inc. integrates advanced biometric and micro-electromechanical sensor (MEMS) technology into mechanical and electronic control devices that improve and secure many business processes.
For more information contact SENSE Holdings, Inc., 4503 NW 103 Ave. (Suite 200) Sunrise, Florida 33351; Telephone: 1-877-SENSEME (736-7363) and 1-954-726-1422; E-Mail: dore@senseme.com; Web: http://www.senseme.com.
Safe Harbor Statement
Statements contained herein, other than historical data, may constitute forward-looking statements. When used in this document, the words "estimate," "project," "intends," "expects," "believes" and similar expressions are intended to identify forward-looking statements regarding events and financial trends which may affect the Company's future operating results and financial position. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the Company's actual results and financial position to differ materially from those included within the forward-looking statements. These risks and uncertainties include, but are not limited to, the Company's ability to generate meaningful revenues and achieve profitable operations; its ability to obtain necessary capital; whether biometric fingerprint technology is accepted in the marketplace; whether the Company is able to develop and successfully market products incorporating MEMS technology; whether it can compete in a challenging marketplace; and whether the Company can successfully integrate its technology with other technologies to create commercially viable products. Additional risks and uncertainties are set forth in the Company's SEC filings including its Annual Report on Form 10-KSB and registration statements filed under the Securities Act of 1933, as amended.
Monday June 21, 9:03 am ET
MEMS Can Detect Many Dangerous Explosive Chemicals and Agents
FORT LAUDERDALE, Fla., June 21 /PRNewswire-FirstCall/ -- SENSE Holdings, Inc. (OTC Bulletin Board: SEHO - News; SENSE), a leading provider of biometrically secured authentication and identification systems, announced that the company has established marketing criteria, test results, and are now exploring sales and licensing opportunities with strategic partners and potential buyers for its patented explosive detection technology. SENSE has acquired the exclusive license for detecting land mines and unexploded ordnances, and the co- exclusive license for detecting explosives in all security-related applications. SENSE Holdings has been a partner of Oak Ridge National Laboratory (ORNL) since SENSE acquired the technology in May 2001. The MEMS (micro-electromechanical sensor) technology uses an array of semiconductor sensors to detect or sniff out explosive molecules and can identify certain contaminants such as TNT, DNT, C4, dangerous gases, and can also be modified for detection of narcotics or chemical weapons.
ADVERTISEMENT
"We feel at SENSE this technology is still in its development stage and can be utilized for many future security-based applications. We are proud to be associated with such a prestigious organization as ORNL and are very excited to be part of the maturation of this low-cost, accurate explosive detection solution," stated Dore Perler, CEO of SENSE Holdings, Inc.
"We are very excited to have SENSE Holdings as a commercialization partner for our MEMS technology," stated Bob Quinn, ORNL's Director of Technology Commercialization. "The application areas on which they are focusing the technology will not only provide a financial return but will also address issues of national and international importance, such as the detection of land mines."
"The size and scope of the potential market is worldwide, and we feel the finished MEMS solution can be sold to schools, border control, customs, airports, seaports, and corporate businesses for the protection of our country and its people," added Mr. Perler. SENSE Holdings also plans to market the technology to the Department of Homeland Security for the protection and support of all related markets."
SENSE is seeking strategic partners and funding partners to help expose the technology and its potential uses.
About ORNL
ORNL is a multiprogram science and technology laboratory managed for the U.S. Department of Energy by UT-Battelle, LLC. Scientists and engineers at ORNL conduct basic and applied research and development to create scientific knowledge and technological solutions that strengthen the nation's leadership in key areas of science; increase the availability of clean, abundant energy; restore and protect the environment; and contribute to national security. ORNL also performs other work for the Department of Energy, including isotope production, information management, and technical program management, and provides research and technical assistance to other organizations.
About SENSE Holdings, Inc.
SENSE Holdings, Inc. (http://www.senseme.com), is comprised of two wholly owned subsidiaries, SENSE Technologies, Inc., a leading manufacturer of biometrically secured authentication and identification systems, and MSTI, Inc., a leading micro-sensor explosives detection research and development organization. MSTI holds patents and intellectual property that enable explosives detection, authentication, and identification. SENSE Holdings, Inc. integrates advanced biometric and micro-electromechanical sensor (MEMS) technology into mechanical and electronic control devices that improve and secure many business processes.
For more information contact SENSE Holdings, Inc., 4503 NW 103 Ave. (Suite 200) Sunrise, Florida 33351; Telephone: 1-877-SENSEME (736-7363) and 1-954-726-1422; E-Mail: dore@senseme.com; Web: http://www.senseme.com.
Safe Harbor Statement
Statements contained herein, other than historical data, may constitute forward-looking statements. When used in this document, the words "estimate," "project," "intends," "expects," "believes" and similar expressions are intended to identify forward-looking statements regarding events and financial trends which may affect the Company's future operating results and financial position. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the Company's actual results and financial position to differ materially from those included within the forward-looking statements. These risks and uncertainties include, but are not limited to, the Company's ability to generate meaningful revenues and achieve profitable operations; its ability to obtain necessary capital; whether biometric fingerprint technology is accepted in the marketplace; whether the Company is able to develop and successfully market products incorporating MEMS technology; whether it can compete in a challenging marketplace; and whether the Company can successfully integrate its technology with other technologies to create commercially viable products. Additional risks and uncertainties are set forth in the Company's SEC filings including its Annual Report on Form 10-KSB and registration statements filed under the Securities Act of 1933, as amended.
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