The device is being developed by Secured Digital's subsidiary, Innospective Sdn Bhd, with a wireless operator and distributor of streaming media applications such as large screen streaming video operations, the Company said.
“We are pleased with the results of our development efforts and believe that we have developed a solution that will allow real-time transmissions through a network of big screen video displays, which are increasingly being used for advertising and point-of-sale displays”
"We are pleased with the results of our development efforts and believe that we have developed a solution that will allow real-time transmissions through a network of big screen video displays, which are increasingly being used for advertising and point-of-sale displays," said Patrick Lim, Chairman and CEO of Secured Digital. "We believe that the device will be ready for commercial introduction at the conclusion of these final field trials, and foresee a number of viable applications for its use."
The device, known as the U111, will use PCMCIA technology with its software applications to link USB interfaced machines to wireless LAN, GSM and Bluetooth enable networks. The Company said that the application will utilize hardware devices developed by various third parties.
A developer of practical applications for digital technology through an integrated group of technology companies, Secured Digital last week announced that Innospective had completed the development of an integrated vehicle tracking and security application using biometric and smart card devices. The company reported that it had jointly developed devices using smart card authentication that provide real-time tracking of vehicles and are also integrated with the vehicle ignition system and capable of remotely disabling a vehicle to help guard against theft, hijacking or unauthorized usage. The tracking and security application is expected to be in use by 1,000 vehicles by early 2006.
Secured Digital is a backhaul operator of a broadband network in Malaysia and a developer of interactive multimedia content for Internet applications for commercial and educational customers. The company is also a developer of biometric security applications for commercial, transportation and residential uses, and through one of its subsidiaries, Gallant Holdings, is a Tier 1 reseller of Apple computers operating three retail outlets.
The company, which reported revenue growth of 48 percent for the first half of 2005 over the prior year, also recently retired $6.34 million in outstanding convertible debt and preferred stock.
About Secured Digital Applications:
Secured Digital Applications, Inc. and its subsidiaries are involved in the development of practical applications for digital technology in home and industry. The SDGL companies include businesses that focus on the integration and provision of secured shipping and supply chain management service; the sale of biometrics security systems; and development of Web based interactive multimedia content; systems integration, servicing of computers, the sale of the EyStar SmartHome Management System, broadband modems, IP cameras, Apple computers and peripherals. For more information, please visit www.digitalapps.net, www.eystar.com and www.gallant-it.com.my.
Safe Harbor Statement:
Information contained herein contains forward-looking statements and information that are based upon beliefs of, and information currently available to, management, as well as estimates and assumptions made by management. Forward-looking statements can be identified by the use of forward-looking terminology such as "believes", "expects", "is expected", "intends", "may", "will", "should", "anticipates", "plans" or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to vary materially from historical results or from any future results expressed or implied in such forward-looking statements. Secured Digital Applications, Inc. does not undertake to update, revise or correct any forward-looking statements. Investors are cautioned that current results are not necessarily indicative of future results, and actual results may differ from projected amounts. For more complete information concerning factors that could affect the Company's results, reference is made to the Company's registration statements, reports and other documents filed with the Securities and Exchange Commission. Investors should carefully consider the preceding information before making an investment in the common stock of the Company.
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