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| Subject: Biometrics makes quiet ASX debut | |
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Author: November 20, 2003 - 8:06PM |
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Date Posted: Friday, November 21, 04:12:07am Biometrics makes quiet ASX debut November 20, 2003 - 8:06PM Print this article Email to a friend Biometrics Ltd made a quiet debut on the Australian Stock Exchange on Thursday, after raising $3.6 million to commercialise its human data-based security technology. The Perth-based company's shares hit the boards at 23 cents before closing at their issue price of 20 cents. Volume was light, with just over 1.5 million shares traded. The company's technology combines facial, fingerprint and height data onto a smartcard, providing high-level security. The company plans to expand production and sales nationally and overseas from its Perth manufacturing facilities. Before the float, Biometrics said its products were the first in the world to successfully fuse fingerprint and facial recognition technology with security smart cards. It also said its biometric access control solution (BACS) could have prevented some recent security breakdowns in Australia. It said its BACS technology was suitable for high-security situations such as embassies, airports, justice departments and prisons. advertisement advertisement Biometrics said it had already tested market acceptance of the product and its price. It had already received trial orders, both locally and from Singapore and Korea. ©2003 AAP Brought to you by [ Next Thread | Previous Thread | Next Message | Previous Message ] |