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e-Smart to Team With Samsung S1 Corporation
Tech Leader in Biometric Smart Cards Joins Forces With Leading Security
Provider
WASHINGTON and SEOUL, South Korea, May 26 /PRNewswire-FirstCall/ -- e-Smart
Technologies, Inc., (Pink Sheets: ESMT); ("e-SMART" or the "Company") is
pleased to announce that it has entered into a "Teaming Agreement" with the
Samsung S1 Corporation, a member of the Samsung family of companies.
As Korea's largest total security provider, the Samsung S1 Corporation enjoys
seventy percent of the market share, offering security solutions in everything
from crime to fire prevention to information and communication services. As a
leader in the digital era, the Samsung S1 Corporation is focused on smart card,
communication security and the mobile security arenas as well, with a special
focus on providing a single smart card for a variety of applications, including
security card, credit card, transportation card, e-money, medical card and PC
security.
e-Smart is the exclusive provider for Asia and the US of the Biometric
Verification Security System(TM) ("BVS2(TM)"), featuring the Super Smart
Card(TM), which experts believe to be the world's only commercially available
smartcard with a full on-card system for biometric ID verification and the
Super Smart Passport(TM), the world's first digital passport that authenticates
the passport holder's identity via on-board fingerprint sensor and biometric
matching system wirelessly powered, with no physical connection required.
Pursuant to the terms of the Agreement, the parties will cooperate on
identifying projects in Asia and around the world which will combine the
advanced technology offered by the e-Smart Super Smart Card(TM) with the
decades long expertise of Samsung S1's security systems solutions.
Upon signing the Agreement, Vice President of Samsung S1 Corporation, Shin Sung
Gyun, said, "S1 is leading the way in digital security and the company is
determined to provide the most advanced security systems to protect lives and
properties. By teaming with e-Smart Technologies, Inc., I believe we will move
forward to achieve this goal and continue as the number one provider in the
digital security industry, providing the best product and the most security in
every facet of our day-to-day lives."
Mary Grace, President and CEO of e-Smart mirrored Mr. Shin's sentiments saying,
"It has always been the goal of e-Smart to get our product to the people -- to
provide security for an unlimited number of applications. With Samsung S1's
decades of experience in the security industry, I feel confident that together
we will accomplish this goal."
Safe Harbor Statement:
Statements in this news release that relate to future plans, financial results
or projections, events or performance are forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended and Section
21E of the Securities Exchange Act of 1934, as amended. While these statements
are made to convey to the public the Company's progress, business opportunities
and growth prospects, readers are cautioned that such forward-looking
statements represent the management's opinion. While management believes such
representations to be true and accurate based on information available to the
Company at this time, actual results may differ materially from those
described.
For More Information about e-Smart Technologies, please go to:
http://www.e-smarttechnologies.com/ or contact e-Smart Media Relations:
703-768-7477 or go to
DATASOURCE: e-Smart Technologies, Inc.
CONTACT: e-Smart Media Relations, +1-703-768-7477,
Web site: http://www.e-smarttechnologies.com/