The agreement calls for a phased deployment of the technology, encompassing multiple facets of Veridicom's current and evolving suite of authentication products and services, including fingerprint sensors, authentication terminals, PC/network logon, digital signatures with biometrics and physical access control.
“The Potomac Institute is extremely pleased with the opportunity to provide an independent evaluation of Verdicom's leading edge biometrics technology”
"It is very encouraging that a leading institution such as the Potomac has chosen Veridicom technology to protect its facilities and research material," stated Paul Mann, President & CEO of Veridicom International. "Veridicom's technology will be used to protect access to Potomac's physical spaces and appropriate classified materials that Potomac is involved with on a daily basis."
"The Potomac Institute is extremely pleased with the opportunity to provide an independent evaluation of Verdicom's leading edge biometrics technology," said Dr. Dennis McBride, President of Potomac Institute.
"The Potomac Institute develops a variety of science and technology options towards improving counter-terrorism efforts and increasing national security," stated Mr. Mann. "We believe our technology will demonstrate the effectiveness of a strong authentication solution to meet a variety of physical and logical access security requirements."
As part of the agreement, Potomac will engage Defense Security Services (DSS), General Services Administration (GSA) and other relevant government authorities to obtain certification for the deployed solution.
About Potomac
The Potomac Institute for Policy Studies is an independent, 501(c)(3), not-for-profit public policy research institute, and is dedicated to the development and implementation of policies that advocate and manage the increasing role of science and technology in our evolving world. For more information, visit www.potomacinstitute.org.
About Veridicom
Veridicom International offers a suite of identity management products, including hardware and software that utilize public key infrastructure (PKI), secure token-based technology, and fingerprint biometrics to authenticate and manage personal identities for a wide variety of applications and transactions. This platform provides a biometrically authenticated digital signature for financial, travel, and other applications. Veridicom's patented authentication and transaction technology enables real-time authentication of individuals anytime, anywhere, via the Internet, point-of-sale, security kiosk, and mobile devices.
Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The Company's actual results could differ materially from expected results as a result of a number of factors, including general business conditions in the industry, changes in demand for products, the timing and amount or cancellation of orders, the uncertainties in research and development programs, the evaluation of potential opportunities, the level of corporate expenditures, capital market conditions, and others set forth in the Company's periodic reports as filed with the Securities and Exchange Commission and published on the Edgar System.
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