Tuesday, May 31, 2005 9:21:24 AM
~SEHO .18 X .20 Chart, Todays News...GM All!
SENSE Holdings Announces Recent Developments in Explosives Detection Technology at Oak Ridge National Laboratory
SENSE Holdings Plans to Market Handheld Explosive Detection Device
May 31, 2005 8:30:00 AM
FORT LAUDERDALE, Fla., May 31 /PRNewswire-FirstCall/ -- SENSE Holdings, Inc. (OTC Bulletin Board: SEHO) (SENSE), a leading provider of biometrically secured authentication and identification systems, announced the successful conclusion of recent meetings with scientists from Oak Ridge National Laboratory (ORNL). In light of all the very significant scientific advances made recently by ORNL, SENSE and ORNL have decided to proceed jointly with the actual development of a commercial handheld explosives detector to be manufactured and sold by SENSE Holdings, Inc. This same MEMS technology forms the core of the handheld explosives demonstrator, which won last year's R&D 100 Invention of the Year Award, and was termed "SniffEx" by R&D magazine.
"UT-Battelle is pleased to support the commercialization by SENSE Holdings of this cutting-edge technology. By working closely with our licensees, particularly early-stage companies, we believe we can enhance the prospects for successful commercialization of our technologies," stated Russ Miller, Commercialization Manager for Biology and Environmental Sciences at Oak Ridge National Laboratory.
The MEMS project at ORNL has been funded by SENSE Holdings and various other government agencies for the continued research and development of MEMS technology for security-related applications. Oak Ridge National Laboratory is operated by UT-Battelle under contract to the United States Department of Energy.
"The company believes the recent advances at the Laboratory will lead to dramatically shorter timeframes to bring a high-performance explosives detector to market," stated Dore Perler, CEO of SENSE Holdings, Inc. "The advancements presented to us by the team at Oak Ridge were quite impressive and show that Oak Ridge and the United States government are dedicated to combating the continuing terrorist threat throughout the world."
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 microelectromechanical 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.
SOURCE SENSE Holdings, Inc.
SENSE Holdings Announces Recent Developments in Explosives Detection Technology at Oak Ridge National Laboratory
SENSE Holdings Plans to Market Handheld Explosive Detection Device
May 31, 2005 8:30:00 AM
FORT LAUDERDALE, Fla., May 31 /PRNewswire-FirstCall/ -- SENSE Holdings, Inc. (OTC Bulletin Board: SEHO) (SENSE), a leading provider of biometrically secured authentication and identification systems, announced the successful conclusion of recent meetings with scientists from Oak Ridge National Laboratory (ORNL). In light of all the very significant scientific advances made recently by ORNL, SENSE and ORNL have decided to proceed jointly with the actual development of a commercial handheld explosives detector to be manufactured and sold by SENSE Holdings, Inc. This same MEMS technology forms the core of the handheld explosives demonstrator, which won last year's R&D 100 Invention of the Year Award, and was termed "SniffEx" by R&D magazine.
"UT-Battelle is pleased to support the commercialization by SENSE Holdings of this cutting-edge technology. By working closely with our licensees, particularly early-stage companies, we believe we can enhance the prospects for successful commercialization of our technologies," stated Russ Miller, Commercialization Manager for Biology and Environmental Sciences at Oak Ridge National Laboratory.
The MEMS project at ORNL has been funded by SENSE Holdings and various other government agencies for the continued research and development of MEMS technology for security-related applications. Oak Ridge National Laboratory is operated by UT-Battelle under contract to the United States Department of Energy.
"The company believes the recent advances at the Laboratory will lead to dramatically shorter timeframes to bring a high-performance explosives detector to market," stated Dore Perler, CEO of SENSE Holdings, Inc. "The advancements presented to us by the team at Oak Ridge were quite impressive and show that Oak Ridge and the United States government are dedicated to combating the continuing terrorist threat throughout the world."
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 microelectromechanical 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.
SOURCE SENSE Holdings, Inc.
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