Titanium Group (fka TTNUF)

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Titanium Group Announces Contract With Peoples Bank of China (PBC), Guangxi, PRC


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Topics relating to this post: Access Control • Biometric • Enforcement • Face • Financial • Law • Physical • Recognition • Security • Software • Time
SAN JOSE, Calif., – Titanium Group, Ltd (OTCBB:TTNUF), a leading biometric and security solutions provider, announced today it has secured additional installation orders for the People’s Bank of China (PBC), the central bank of the People’s Republic of China based on the successful installation and outstanding performance in the previous pilot projects. Titanium’s biometric products, “ProFacer iDVR” and “ProAccess FaceGuard” have been installed to provide PBC with physical access control and security monitoring of the central treasury of banks, where all the gold and notes are being stored. ProFacer iDVR provides an intelligent surveillance solution for all the passages surrounding the central treasury, with active face detection mechanism collecting and archiving the faceprints of all the passengers passing by. To further solidify the security to this highly sensitive area, ProAccess FaceGuard, Titanium’s biometric access control product, ensures the true identity of all personnel entering the treasury.

Established in 1984, The People’s Bank of China is the central bank of the People’s Republic of China with the power to control monetary policy and regulate financial institutions in mainland China. The current structure of the bank is modeled after the Federal Reserve System of the United States.

“The fact that one of the foremost recognized banks in the world has agreed to use our biometric products for security monitoring is a major accomplishment for Titanium Group,” said Jason Ma, CEO of Titanium Group, Ltd. “PBC’s confidence in Titanium and the proprietary software we have developed is proof positive we have cutting edge products.”

According to The China Post, People’s Bank of China holds approximately $290 billion of required and excessive reserves. More information on The People’s Bank of China can be found at www.pbc.gov.cn.

About Titanium Group:

Titanium Group, Ltd. (http://www.titanium-tech.com) and its wholly owned subsidiary, Titanium Technology, is a leading biometric and security solutions provider featuring its proprietary and patented Automatic Face Recognition Systems (AFRS). Titanium’s AFRS products capture human face images electronically, input the facial images into searchable files (faceprint) and, in just seconds, accurately compare the facial images to a database containing millions of faces. These cutting-edge products reduce administration cost, enhance security, and significantly increase overall productivity. Titanium’s products are distributed worldwide, either directly or through resellers or OEM partners, to governments, law enforcement agencies, gaming companies, and other organizations. The Company’s clients include: ESPN, IBM and the People’s Bank of China.