bioMETRX incorporates OKI’s
fingerprint engine in its smartTOUCH product line
Company focuses on lower cost biometric products and
expanded markets
JERICHO, NY,-
March 18, 2008, – bioMETRX Inc., Inc. (OTC:BB - BMRX), and Oki Semiconductor Company, a division of Oki America Inc., which is a subsidiary of Oki
Electric Industry Co, Ltd. jointly announced that they are working together on a new solution that
will result in significantly lowering bioMETRX’s overall build costs for its
expanding smartTOUCH finger-activated consumer product lines.
OKI recently
announced that it has begun sampling its ML67Q5250 a “single-chip” solution enabling fingerprint authentication. “bioMETRX has been testing various technologies
supplied to it by OKI Semiconductor, with additional engineering assistance
from the headquarter in Japan. The engineering effort was initiated to
examine whether we could reduce component and manufacturing costs of the
smartTOUCH brand of finger activated consumer products,” stated Mark R. Basile,
CEO of bioMETRX, Inc. “After several weeks of testing the OKI solution, we have
concluded that incorporating OKI’s ML67Q5250 solution into our core design,
will allow us to offer a cost effective, easy- to use, high performance
solution to use in all of our products across a wide range of vertical consumer
markets.”
As the global leader in
finger-activated consumer biometric product engineering, development and sales,
bioMETRX’s smartTOUCH™ technology has proven to be the most dependable and
robust consumer biometric platform available today. Its smartTOUCH product line is just starting to make its way into
the marketplace, having shipped over 18,000 units of its garage door opener to
Home Depot last quarter. The smartTOUCH line is now being expanded to door
locks, cabinet locks, mailboxes and luggage. ”bioMETRX’s finger-activated
solutions are smart, reliable and easy to use. We believe our ML67Q5250 can
help those products become even more affordable to the consumer,” noted
Takabumi Asahi, CEO of OKI Semiconductor. “We are proud and happy to be working
with an up and coming leader of consumer biometric products in North
America, and feel that OKI technology will continue to add value to bioMETRX’s
efforts in launching new products.”
About
Oki Semiconductor Company
Building
on OKI's century-long commitment to communications technologies and markets,
OKI Semiconductor designs and markets a broad line of advanced integrated
circuits for telecommunications, network, automotive, computer and consumer
products. OKI's product lines include telecommunications, RF, laser,
networking, speech synthesis, microcontroller and memory devices, offered in a
variety of creative packages. Founded in 1977 and headquartered in Sunnyvale,
Calif., OKI Semiconductor is a division of Oki America Inc., which is a
subsidiary of Oki Electric Industry Co, Ltd. OKI has ISO-9000-certified
manufacturing facilities in Japan and Thailand. Information on OKI Semiconductor
and its products is available at www.okisemi.com/us.
About bioMETRX, Inc.
bioMETRX, Inc. is
rapidly becoming the leader in designing and bringing to market, practical, secure,
everyday consumer biometric products for the garage door, door hardware, HVAC,
home security, PC, automotive and portable lock markets. Utilizing its
proprietary technology, the "powered by smartTOUCH(TM)" platform,
bioMETRX has developed an entire family of products so smart, they recognize
you. The company's product line is branded under the protected trade name
smartTOUCH(TM). bioMETRX also designs and provides fingerprint technology to a
number of Original Equipment Manufacturers (OEM’s)
For more information on bioMETRX and/or the company's smartTOUCH line of
products, including the Master Lock smartTOUCH garage door opener, visit the
Company's Web site at http://www.biometrx.net
Safe
Harbor Statement: This release may contain certain forward-looking statements
as that term is defined in the Private Securities Litigation Reform Act of
1995. Forward-looking statements in this release with respect to
bioMETRX's business, financial condition or results of operations, as well as
matters of timing and the prospective terms of any transaction described are
subject to risks and uncertainties that could cause actual results to differ
materially from those expressed in the forward-looking statements, including,
but not limited to, certain delays beyond bioMETRX's control with respect to
market acceptance of their technology and/or products, whether financing will
be available, the effect of the application of acquisition accounting policies
as well as certain other risk factors which are and may be detailed from time
to time in bioMETRX's filings with the Securities and Exchange Commission.
Contact:
bioMETRX,
Inc.
Lorraine
Yarde
516-938-2828
1-866-9NO-KEYS
Website: http://www.biometrx.net/
Oki Semiconductor Company
Michael Weseloh
408-720-1900
Website: http://www.okisemi.com/us