Message #9 From:
NewsBot Date: October 12, 2006 05:00:00 AM
SQUM News Sequiam Biometrics Receives 325K Biometric Equipment Order for Immediate Delivery from CyberKey Solutions
ORLANDO, Fla.--(BUSINESS WIRE)--Sequiam Corporation (OTCBB:SQUM), a leading provider of innovative
consumer lifestyle biometric technology and services receives
substantial first order of its biometric OEM technology from CyberKey
Solutions.
CyberKey placed a $325,000 order for Sequiam fingerprint identification
OEM technology in accordance with the terms of a manufacturing and
distribution agreement signed earlier this year between the two
companies, in which Sequiam agreed to manufacture biometrics products
for CyberKey Solutions and is expected to develop and privately label a
CyberKey line of biometric security solutions to counter threats of
criminal intrusion, privacy violation and identity theft. CyberKey
Solutions plans to market and distribute the custom line of products to
their military and government customers in the United States.
"We are meeting and exceeding our objective to provide high quality
economical biometric OEM solutions to our clients and look forward to
our continued relationship with CyberKey Solutions," said Kevin
Henderson, President of Sequiam Biometrics. "We are encouraged about the
confidence placed in us by CyberKey and are committed to provide them
with the best biometric technology available in the market today."
Jim Plant, CEO of CyberKey Solutions, Inc., stated, “This
first order is indicative of the initial success we are having in
implementing Sequiam’s biometric technology
into our advanced product line and as a result we continue to provide a
new level of security to our customers in the law enforcement, national
security, government and defense markets.”
About Sequiam
Headquartered in Orlando, Florida, Sequiam Corporation develops,
markets, and supports a portfolio of highly robust proprietary
biometrically enabled OEM, consumer lifestyle and commercial
products/solutions. In addition, Sequiam has invested heavily in
research and development to develop unique products/solutions for the
biometric industry worldwide. Sequiam Biometrics' solutions incorporate
low-cost, high-volume manufacturing processes targeted at the consumer
and commercial market. Sequiam is a global company with offices in
Taiwan, China, Switzerland and South Africa. For more information,
please visit www.sequiam.com and www.sequiambiometrics.com.
About CyberKey Solutions, Inc.
CyberKey® Solutions, Inc. is currently
fulfilling a $25 Million purchase order to various segments of the U.S.
Government. CyberKey® Solutions, Inc., based
in St. George, Utah, partners with industry leading manufacturers and
distributors to deliver secure USB drive based solutions to vertical
markets and content owners, service providers and resellers. CyberKey's
solutions solve real world issues in the entertainment, education,
government, military, automotive, financial services and medical
industries. CyberKey Solutions' technologies allow users to securely
transfer large amounts of data, files and applications software from one
electronic device to another while employing a patent pending USB-based
Digital Rights Management process. CyberKey's solutions create new
opportunities for existing industries and applications. For more
information, please visit CyberKey's website at http://www.cyberkeysolutions.com.
Certain statements in this press release that are not historical facts
are "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements may be
identified by the use words such as "anticipate," "believe," "expect,"
"future," "may," "will," "would," "should," "plan," "projected,"
"intend," and similar expressions. Such forward-looking statements,
involve known and unknown risks, uncertainties and other factors that
may cause the actual results, performance or achievements to be
materially different from those expressed or implied by such
forward-looking statements. The Company's future operating results are
dependent upon many factors, including but not limited to the Company's
ability to: (i) obtain sufficient capital or a strategic business
arrangement to fund its expansion plans; (ii) build the management and
human resources and infrastructure necessary to support the growth of
its business; (iii) competitive factors and developments beyond the
Company's control; and (iv) other risk factors discussed in the
Company's periodic filings with the Securities and Exchange Commission,
which are available for review at www.sec.gov
under "Search for Company Filings."