quelle:
www.marketwire.com/mw/iwprf?id=64292ClearPass Systems Partners With RF Logics to Revenue Share and Expand Product Offerings
FOUNTAIN VALLEY, CA -- (MARKET WIRE) -- 03/11/2004 -- Providential Holdings, Inc. (OTC BB: PRVH), (Berlin and Frankfurt Stock Exchanges:PR7, WKN
935160),
www.phiglobal.com, today announced that its wholly-owned subsidiary ClearPass Systems, an integrated biometric security solution provider of access management (
www.clearpass.us), had signed a OEM Partnership agreement with RF Logics as its worldwide OEM partner to co-develop and co-market innovative security products and services to achieve corporate objectives through strategic OEM partnership program.
As a leader in RF Identification and Biometric solutions, RF Logics, Inc. (
www.rflogics.com) has developed various proximity readers and controllers for intelligent building automation and vehicle access control. Its next-generation product is designed on industry standards and emerging technologies such as 10,000 Face Templates and 23,000 Event Buffers via RS232/RS422, TCP/IP and USB connection. Solutions they provide today are cost efficient and state of the art with interphone/telephone options. The company is creating a new standard for its security solution initiatives to efficiently improve and globally manage video-interactive security environment for both governmental and commercial sectors.
"ClearPass's ability to provide security management solutions to the commercial and governmental markets fits well with our criteria for selective partnerships," said Tae Gyoo Park, RF Logics' President & CEO. "At RF Logics, we share ClearPass's vision of the positive connection between its fingerprint authentication and our facial recognition applications and revenue improvements via our integrated solutions. We are pleased to be able to support ClearPass's biometric product initiatives and, as their partner, to help ClearPass ensure faster key vertical market penetration."
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"RF Logics' products and services instigate extra support on our company's key initiatives to optimize total solutions in our next-generation biometric application such as that of our
CP6000 kiosk product," stated Edwin Santa Ana, ClearPass Sales Director. "We believe that RF Logics is very instrumental in adding values to our integrated solutions strategy, expanding our product offerings and potentially increasing our revenue streams."
The RF Logics strategic OEM partnership is a part of ClearPass's strategy to expand its products and services. ClearPass has recently secured over 20 nationwide distribution channels across its diverse regions and business units. Demonstrating more success, ClearPass will continue with Phase II product launch process that will selectively identify more strategic partners across all North American business groups, with follow-on Europe region expansion planned in the latter part of 2004.
About RF Logics
RF Logics is a world leader in supplying RFID & Biometrics systems. Since 1989, its parent company IDTECK has occupied the position as main developer and manufacturer in the security industry. RF Logics' products are present in the worldwide market and it has been our stated goal to provide the highest level of customer service in the security industry.
URL:
www.rflogics.com About ClearPass Systems
ClearPass Systems, Inc., a wholly-owned subsidiary of Providential Holdings, Inc., is a system integrator and premium provider of innovative biometric security and access management solutions. The Company offers fingerprint authentication peripherals and integrated solutions to enhance personal security and provide security access to electronic information and physical facilities.
URL:
www.clearpass.us Forward-looking statements:
The statements made in this press release, which are not historical facts, contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update information contained in any forward-looking statement.
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Contact:
RF Logics
Tae Gyoo Park
408.315.3156
www.rflogics.comClearPass Systems
Benjamin Tran
714.757.2607
www.clearpass.us