Liska Biometry (GM) (USOTC:LSKA)
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From Jan 2020 to Jan 2025
Company to assess the feasibility of integrating Liska's BIN(TM)
customized solutions into Minerva's security deployments
Liska Biometry (OTC BB:LSKA - News) a biometrics solutions
provider, today announced the signing of a strategic Memorandum of
Understanding (MOU) with Saudi Minerva, Company. Ltd. of Saudi Arabia,
one of the leading security systems integrators in the Kingdom of
Saudi Arabia. The MOU outlines the development strategy of business
opportunities for biometrically enabled ID management systems and
customized security solutions.
Under the MOU, Liska and Minerva will jointly integrate Liska's
revolutionary BIN(TM) Descriptor ID management software suite as well
as its customized solutions offerings, such as SecurBIN(TM) within
Minerva's existing customer environment. The two parties have already
begun system deployment feasibility plans for several potential
clients, such as the Ministry of Interior and Public Security.
Safety concerns in Saudi Arabia are fueling a rapid expansion in
the security market. A recent survey conducted by Hitachi Data Systems
Middle East revealed that 56 percent of Saudi firms were planning to
introduce iris scanning and fingerprint recognition systems for
increased security at office buildings. Biometric technology is
already being adopted by Saudi border control and public sector
organizations.
"This agreement is another example of how Liska Biometry and its
partners are able to address the current market demand for integrated
solutions as well as anticipated requirements associated with large
scale ID management projects," said Manoj E. Hippola, CFO and
President of Liska Biometry Canada.
"We are excited about expanding the reach of our current security
offerings" said Khaled Rajab, General Director of Saudi Minerva.
Saudi Minerva Company Ltd. Is a multinational private company that
specializes in the installation of fire protection and security
systems. The Company was founded in 1980 and is headquartered in
Jeddah, KSA.
Liska Biometry Safe Harbor Statement
This news release contains forward-looking statements that are
subject to certain risks and uncertainties that may cause actual
results to differ materially from those projected on the basis of such
forward-looking statements. The words "estimate," "project,"
"intends," "expects," "believes," and similar expressions are intended
to identify forward-looking statements. Such forward-looking
statements are made based on management's beliefs, as well as
assumptions made by, and information currently available to,
management pursuant to the "safe-harbor" provisions of the Private
Securities Litigation Reform Act of 1995. For a more complete
description of these and other risk factors that may affect the future
performance of Liska Biometry, see "Risk Factors" in the Company's
Annual Report on Form 10- KSB and its other filings with the
Securities and Exchange Commission. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak only
as of the date made and the Company undertakes no obligation to
disclose any revision to these forward-looking statements to reflect
events or circumstances after the date made or to reflect the
occurrence of unanticipated events.