Titanium Group Announces Distribution Agreement in Dubai with R.J. Engineering Models LLC
2007年6月28日 - 10:30PM
PRニュース・ワイアー (英語)
HONG KONG, June 28 /PRNewswire-FirstCall/ -- Titanium Group Limited
(OTC:TTNUF) (BULLETIN BOARD: TTNUF) , a leading biometric and
security solutions provider featuring proprietary and patented
Automated Face Recognition Systems (AFRS), today announced that
R.J. Engineering Models LLC has become a licensee and distributor
of Titanium's face recognition products in Dubai, United Arab
Emirates (UAE). The licensing agreement became effective in May
2007 and is part of Titanium's ongoing strategic expansion outside
of the Pacific Rim. The software and hardware licensing agreement
specifies an annual commitment and also provides Titanium with a
growing network for new business partnerships and large-scale
project opportunities in the area. Based on extensive experience
with physical access control design and implementation, R.J.
Engineering Models LLC chose Titanium's facial recognition products
over competing biometrics security products because of the
outstanding performance and accuracy of Titanium's patented face
recognition technology as an access control system. The decision to
partner with Titanium was also due to the customizability and
scalability of Titanium's hardware and software solutions for
complex projects and specific client needs. Titanium's hardware and
software solutions deliver strong authentication processes to
facilities, while allowing organizations to reduce administrative
costs, increase productivity, and mitigate the risk of a security
breach. Patrick Lo, Chief Information Officer of Titanium Group
said, "According to R.J. Engineering Models, Titanium's technology
satisfies the company's requirements for security by providing a
visual audit trail of individuals accessing various facilities and
equipment." Mr. Lo continued, "Penetrating the access control
market in the United Arab Emirates is a significant milestone for
our company as we look toward expansion outside of the Pacific Rim.
After R.J. Engineering's successful installation of an access
control system in the high-profile Green Tower of Dubai, we have no
doubt that they will prove to be an advantageous regional partner
to Titanium Group." Headquartered in Dubai, R.J. Engineering Models
LLC specializes in building engineering models and related access
control technologies in the transportation, construction, and
public administration sectors. R.J. Engineering Models has been in
business for 5 years servicing Dubai and other UAE countries. About
Titanium Group: Titanium Group Limited
(http://www.titanium-tech.com/), through its wholly owned
subsidiary, Titanium Technology, is a leading biometric and
security solutions provider featuring its proprietary and patented
Automated 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. This
press release includes certain "forward-looking statements." These
statements are based on Titanium Group management's current
expectations and are subject to risks and uncertainties and changes
in circumstances. All forward-looking statements included in this
press release are based upon information available to Titanium
Group Limited as of the date of the press release, and it assumes
no obligation to update or alter its forward looking statements
whether as a result of new information, future events or otherwise.
These forward-looking statements may relate to, among other things,
plans and timing for the introduction or enhancement of our
services and products, statements about future market conditions,
supply and demand conditions, and other expectations, intentions
and plans contained in this press release that are not historical
fact. Further information on risks or other factors that could
affect Titanium Group Limited's results of operations are detailed
in its filings with the United States Securities and Exchange
Commission available at http://www.sec.gov/. At the Company: Jason
Ma, CEO Investor Relations: Equity Performance Group Erin Hegarty
(617) 723-2225 DATASOURCE: Titanium Group Limited CONTACT: Jason
Ma, CEO of Titanium Group Limited, ; or Investor Relations, Erin
Hegarty of Equity Performance Group, +1-617-723-2225, Web site:
http://www.titanium-tech.com/ http://www.sec.gov/
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