MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Written by / Agency / Source: AssureTec Systems, Inc.
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

AssureTec Systems, Inc. Receives Strategic Investment from Cross Match - AssureTec Systems, Inc., a world leader in fully automated identity document authentication, today announced that it has received an equity investment from Cross Match Technologies, Inc., a global provider of biometric identity solutions - AssureTec.com
AssureTec Systems, Inc. Receives Strategic Investment from Cross Match

 

NewswireToday - /newswire/ - Manchester, NH, United States, 2007/12/11 - AssureTec Systems, Inc., a world leader in fully automated identity document authentication, today announced that it has received an equity investment from Cross Match Technologies, Inc., a global provider of biometric identity solutions - AssureTec.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Military / Defense / Homeland Security Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

AssureTec President and Chief Executive Officer, R. Bruce Reeves said, “The Cross Match investment represents a strong endorsement of our capabilities by one of the leading biometric solutions providers in the industry. There are significant synergies between our respective technologies and we look forward to working aggressively together to capitalize on them.”

Terms of the investment included Cross Match assuming a seat on AssureTec’s Board of Directors. Cross Match has elected William A. Smith II to serve on AssureTec’s Board. Mr. Smith joined Cross Match in July 2005 as Senior Vice President, General Counsel and Secretary. In September 2006, Mr. Smith was also named Director of Corporate Development. He is responsible for Cross Match’s worldwide legal affairs including commercial transactions, general corporate, employment, litigation and intellectual property matters. Mr. Smith also provides strategic and legal advice and counsel regarding the company’s global strategies, practices and processes.

“We are pleased to welcome Will to our Board,” continued Mr. Reeves. “With his legal background and strategic knowledge of the identity solutions industry, he will add considerable value to our Board and to the Company.”

Mr. Smith joins Joseph Gorman, retired Chairman and CEO of TRW, Inc., and Kenneth Gorton, financial consultant as outside Directors and Mr. Reeves, Chairman, on AssureTec’s Board.

Additional financing terms and conditions have not been disclosed.

About AssureTec Systems

AssureTec (assuretec.com) is the world leader in automated ID document authentication. Built upon patented technologies, AssureID™ can assess the authenticity of virtually any ID document in circulation, with or without machine-readable content such as magnetic stripes, bar codes or smart chips, allowing deployment of automated risk-based identity management solutions immediately without first requiring new enrollment. In accordance with FIPS 201 specifications, the system assesses the authenticity of a document without operator intervention, typically in less than five seconds, and can be used by operators with little-to-no document forensic training, significantly reducing training and operating costs and customer inconvenience. Applications include commercial identity fraud detection (i.e., banking, retail, gaming), secure enrollment (i.e., HSPD-12 PIV enrollment, driver license, passports), secure access control (i.e., border management, nuclear/chemical/high-value facilities), and age-restricted access/sale (i.e., bars/night clubs, controlled-substance sales). The company is based in Manchester, N.H.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Military / Defense / Homeland Security Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: AssureTec Systems, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Military / Defense / Homeland Security articles,
CATCH Visitors via Your Competitors Announcements!


AssureTec Systems, Inc. Receives Strategic Investment from Cross Match

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Monty Riffer - AssureTec.com 
603-641-8443 x19 monty.riffer[.]assuretec.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any AssureTec Systems, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Military / Defense / Homeland Security via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From AssureTec Systems, Inc. / Company Profile


Read Military / Defense / Homeland Security Most Recent Related Newswires:

Naval Group Sets Up a New Research and Development Partnership with the Belgian Company Space Applications Services
Naval Group Delivers A.R.A. Piedrabuena, Second Multi-mission Offshore Patrol Vessel for Argentina
NATO Relies on Thales for A Real-time View of the Operational Situation in Joint Theaters
Procurement Expected to Overtake RDT&E Spending in US DoD’s Electronic Warfare Market by 2025 Finds Frost & Sullivan
The Minister of Defence Inaugurates the Industrial Design Platform of Future French Nuclear Aircraft Carrier
Naval Group Locks in Commitment for At Least 60 Per Cent Local Contract Spend to Boost Australian Industry and Jobs
Leonardo Announces the Launch of Leonardo DRS IPO for A Minority Stake
Commissioning of INS Karanj - the Third Indian Kalvari-class Submarine Entirely Made in India Based on Scorpene® Design
BELGIUM NAVAL & ROBOTICS Selects iXblue for the Forefront Sonars and Inertial Navigation System for 12 Mine Countermeasures Vessels
Thales Successfully Showcases its Military Radio Communications for the Spanish Army’s Force 2035 Experimentation Plan
Leonardo Signs 150 Million Euro Contract to Provide Surveillance and Protection Systems for the Italian Navy’s New Submarines
Thales to Provide New-generation Sonar Suite for French Navy's Nuclear-powered Ballistic-missile Submarines (SSBNs)
Naviris and Navantia Sign A MoU for the European Patrol Corvette Program
The Belgian-Dutch Minehunter Replacement Programme Carried Out by Belgium Naval & Robotics Successfully Reaches Milestone
France Places Additional Order for Thales’s O-NYX Night Vision Goggles

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Limelon Advertising, Co.

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2021 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are proudly NOT affiliated with USA TODAY (usatoday.com)