NEW YORK–(BUSINESS WIRE)–Dec. 6, 2001–Security Biometrics Inc. (OTCBB: SBTI) today announced that it has filed a Method Patent with the U.S. Patent Office for Short Loop Identity Verification (SLIV) which incorporates various biometric solutions, including Dynamic Signature Verification (DSV) technology.
SLIV can verify the identity of the individual by comparing his or her signature to a biometric code embedded on a readable plastic card. The user passes the card through a reader and signs his or her name on a low-cost, proprietary pad that would verify the identity of the person without the necessity of communicating with an offsite database.
Together, SLIV and DSV technology can validate a person’s identity to near absolute certainty via signature analysis, almost instantaneously. This method provides identity verification, where a high degree of security is required specifically in airports, at border crossings and for financial transactions such as credit cards, ATM and e-commerce purchases. It is not the signature itself that is examined, so forgery is impossible, but rather the way it is signed. Pen forces, speeds and directions are compared against data stored on the card to validate the signature. (This technology was featured on a CTV newscast on September 27th and may be viewed online at http://sigbio.com/video/newsstory.wmv)
About Security Biometrics
Security Biometrics Inc. (web site: www.sigbio.com), through its wholly owned subsidiary Netface LLC, develops and markets Gesture Recognition Technology (GRT) specific to the video gaming and Interactive TV markets. GRT is a dynamic system that simplifies human interaction with electronic devices and machines by allowing intuitive communication with computers and machines using hand gestures.
Except for any historic information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, which are subject to section 27A of the Securities Act of 1933 and section 21E of the Exchange Act of 1934, and are subject to safe harbor created by these sections. Any statements that express or involve discussions with respect to predictions, beliefs, plans, projections, objectives, goals, assumptions of future events or performances are not statements of historical fact and may be “forward looking statements”. Forward looking statements in this release may be identified through the use of such words as “expects”, “anticipates”, “estimates”, “believes”, or statements indicating certain actions “may”, “could”, or “might” occur. Actual results, performance or achievements could differ materially form those anticipated in such forward-looking statements, which involve numerous risks and uncertainties, including the Company’s ability to market its products and services in a competitive environment as well as other factors set forth in the Company’s filings with the Securities and Exchange Commission.