InvestorsHub Logo

Ely

Followers 135
Posts 15586
Boards Moderated 0
Alias Born 07/31/2006

Ely

Re: Keith Maydak post# 7

Thursday, 05/14/2009 6:07:20 PM

Thursday, May 14, 2009 6:07:20 PM

Post# of 142
Hi Keith, nice board and marked.. EVRM anything you could find on this company would be great... TIA

NEW YORK, NY, Apr 29, 2009 (MARKET WIRE via COMTEX) -- Evermedia Biometrics, a wholly owned subsidiary of The Evermedia Group, Inc. (PINKSHEETS: EVRM) has finalized its joint venture agreement with Nations ID to develop multimodal Match on Card (MOC) applications. This announcement follows the Letter of Intent signed earlier this year on April 3rd.

MOC is the process of sending biometric characteristics such as a fingerprint and/or an iris image from a recognition device to a card that has embedded in it encrypted templates of such characteristics. The templates are stored only on the card and not on a database. If the card is lost or stolen, it will be rendered useless as it requires the accompanying fingerprint and/or iris image to be effective.

The objective of this joint venture is to develop next generation ID cards for military and government agencies who require the highest levels of authentication and verification. There are several vulnerabilities that can be eliminated if biometrically enabled forms of ID are used for physical access control, such as entry onto a base or building. The multimodal format not only conforms to already stated goals of the Department of Defense but also gives end users the latest in access/denial technologies. The development of the MOC applications will also implement already known and yet to be announced standards from ISO, NIST, ANSI and other standard setting organizations.

"About 9 years ago, the military imbedded smart chips to the Common Access Card, which is the primary ID card used by all uniformed and civilian members of the DOD community. We want to make these smart cards even smarter. We can enable the current cards with much more meaningful data and at the same time generate an authentication protocol that would be virtually impossible to spoof," said Jonathan Sym, CEO of The Evermedia Group and its subsidiaries. "Along with Nations ID, we will work with other organizations and individuals who will contribute their expertise in this area of research. We have already identified potential teaming partners to assist in this effort and look forward to starting our joint venture."

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.

Contact:
For additional information:
Evermedia Biometrics Corporation
Email: info@evermediabiometrics.com
Visit: http://www.evermediagroup.com


SOURCE: The Evermedia Group, Inc.

CONTACT: mailto:info@evermediabiometrics.com
http://www.evermediagroup.com

Copyright 2009 Market Wire, All rights reserved.

-0-

SUBJECT CODE: Electronics and Semiconductors:Electronic Components
Financial Services:Venture Capital
Electronics and Semiconductors:Optical Components


Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.