NewswireToday - /newswire/ -
Fort Lauderdale, FL, United States, 2005/08/17 - Sense Holdings Inc. (SEHO) disclosed Wednesday that it received a purchase order from FedEx® Corp. (FDX) to purchase 100 of its BC-300 biometric pilot authentication stations.
The company said in a document filed with the Securities and Exchange Commission that the pilot authentication stations will be for deployment by FedEx® at selected domestic operation facilities.
The purchase order, the largest single order in the company's history, was issued as part of a purchase, license and service pact between the parties.
The purchase price, which includes one years' service and maintenance, is $315,000, according to the filing. Sense Holdings said the purchase order provides for immediate delivery and payment terms of 30 days.
The company expects to complete delivery of the authentication stations by Dec. 30, the filing.
Sense Holdings said it is also entitled to a $15,000, one-time license fee covering the software included in the authentication stations.
Sense Holdings' systems are designed primarily for security-related applications for use by companies desiring to authenticate the identity of people for purposes including controlling access to restricted areas and monitoring time and attendance at the user's facilities.
- By Chad Clinton, Dow Jones Newswires; 202-862-1349; chad.clinton[.]dowjones.com
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Safe Harbor Statement
Statements contained herein, other than historical data, may constitute forward-looking statements. When used in this document, the words "estimate," "project," "intends," "expects," "believes" and similar expressions are intended to identify forward-looking statements regarding events and financial trends which may affect the Company's future operating results and financial position. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the Company's actual results and financial position to differ materially from those included within the forward-looking statements. These risks and uncertainties include, but are not limited to, the Company's ability to generate meaningful revenues and achieve profitable operations; its ability to obtain necessary capital; whether biometric fingerprint technology is accepted in the marketplace; whether the Company is able to develop and successfully market products incorporating MEMS technology; whether it can compete in a challenging marketplace; and whether the Company can successfully integrate its technology with other technologies to create commercially viable products. Additional risks and uncertainties are set forth in the Company's SEC filings including its Annual Report on Form 10-KSB and registration statements filed under the Securities Act of 1933, as amended.