SENSE Holdings, Inc. and Intier Automotive Closures Inc. Sign Letter of Understanding to Evaluate Biometrics for Use in Automobiles
Biometric Technology Can Be Used to Access and Operate Motor Vehicles
FORT LAUDERDALE, Fla., March 1 -- SENSE Holdings, Inc. (BULLETIN BOARD: SEHO) (SENSE), a leading provider of biometrically secured authentication and identification systems, announced the company has signed mutual non-disclosure agreements and a letter of understanding with Intier Automotive Closures Inc. of Newmarket, ON and Novi, MI. The companies will investigate and evaluate the applications and integration of certain biometric technology for automotive use. SENSE will supply to Intier Automotive Closures biometric hardware and software, mainly fingerprint sensors and software matchers for integration with customer or showcase demonstration vehicles or systems. Intier Automotive Closures will internally work on the installation of prototypes and conduct market research and testing to determine suitability for the automobile industry. Intier Automotive Closures is a leading Tier One supplier to companies such as GM, Ford, DaimlerChrysler and Nissan. Intier Automotive Closures has expertise in vehicle closure modules and systems including door modules, handles, window systems, power closing systems and latching systems. SENSE Holdings, Inc. has over six years' experience in the biometric arena and will assist Intier Automotive in the implementation and evaluation process. The contemplated biometric automotive application allows for the user or vehicle owner to use their fingerprint to access and operate the vehicle. No key or Fob is necessary. The applicable biometric patent encompasses all biometric technologies including voice, iris, face and fingerprint recognition.
"Biometrics is an evolving technology that Intier Automotive Closures would look to integrate with existing automotive systems," stated Dale Karolak, VP of Product Engineering for Intier Automotive Closures Inc. "This technology offers convenience and security with no physical device to carry or lose," added Dr. Karolak.
"Intier Automotive Closures is the premier player to help introduce new technologies to market, and we at SENSE feel biometric technology offers the automotive consumer tremendous benefits," stated Dore Perler, CEO of SENSE Holdings, Inc. "Because this patented technology communicates directly with the on-board vehicle computer, speed and distance limitations can be programmed or adjusted to each individual driver."
SENSE actively seeks partners to expedite the integration of its explosives detection and biometric authentication and identification technologies into aviation, banking and finance, education, food preparation, gaming, garment, health care, hotel, insurance, law enforcement, manufacturing, military, public safety, security, restaurant, retail, and transportation applications, with industry-specific calibration.
ABOUT SENSE HOLDINGS, INC.
SENSE Holdings, Inc. ( http://www.senseme.com/ ) is comprised of two wholly-owned subsidiaries, SENSE Technologies, Inc., a leading manufacturer of biometrically secured authentication and identification systems, and MSTI, Inc., a leading micro-sensor explosives detection research and development organization. MSTI holds patents and intellectual property that enable explosives detection, authentication, and identification. SENSE Holdings, Inc. integrates advanced biometric and microelectromechanical sensor (MEMS) technology into mechanical and electronic control devices that improve and secure many business processes.
For more information, contact SENSE Holdings, Inc., 4503 NW 103 Ave. (Suite 200) Sunrise, Florida 33351; Telephone: 1-877-SENSEME (736-7363) and 1-954-726-1422; E-Mail: dore@senseme.com ; Web: http://www.senseme.com/ .
ABOUT INTIER AUTOMOTIVE CLOSURES
Intier Automotive ( http://www.intier.com/ ) is an innovative leader in the development and manufacture of vehicle interior and closure components and systems for the global automotive industry. The Company's capabilities are among the most diversified in the industry, ranging from the understanding of end consumer's needs and wants, through market and consumer research, concept development, design and engineering, testing and validation and finally the manufacture of interior and closure systems. Intier is also a leader in vehicle interior integration and program management. Product expertise includes cockpit modules, modular doors and panels, complete seat systems and closure systems, including liftgates and electro-mechanical systems. Intier has approximately 23,5000 employees at 71 manufacturing facilities, 15 product development, engineering and testing centers and 17 sales offices throughout North America, Europe, Brazil and Asia Pacific.
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 that 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.