Company to assess the feasibility of integrating Liska's BIN(TM) customized solutions into Minerva's security deployments Liska Biometry (OTC BB:LSKA - News) a biometrics solutions provider, today announced the signing of a strategic Memorandum of Understanding (MOU) with Saudi Minerva, Company. Ltd. of Saudi Arabia, one of the leading security systems integrators in the Kingdom of Saudi Arabia. The MOU outlines the development strategy of business opportunities for biometrically enabled ID management systems and customized security solutions. Under the MOU, Liska and Minerva will jointly integrate Liska's revolutionary BIN(TM) Descriptor ID management software suite as well as its customized solutions offerings, such as SecurBIN(TM) within Minerva's existing customer environment. The two parties have already begun system deployment feasibility plans for several potential clients, such as the Ministry of Interior and Public Security. Safety concerns in Saudi Arabia are fueling a rapid expansion in the security market. A recent survey conducted by Hitachi Data Systems Middle East revealed that 56 percent of Saudi firms were planning to introduce iris scanning and fingerprint recognition systems for increased security at office buildings. Biometric technology is already being adopted by Saudi border control and public sector organizations. "This agreement is another example of how Liska Biometry and its partners are able to address the current market demand for integrated solutions as well as anticipated requirements associated with large scale ID management projects," said Manoj E. Hippola, CFO and President of Liska Biometry Canada. "We are excited about expanding the reach of our current security offerings" said Khaled Rajab, General Director of Saudi Minerva. Saudi Minerva Company Ltd. Is a multinational private company that specializes in the installation of fire protection and security systems. The Company was founded in 1980 and is headquartered in Jeddah, KSA. Liska Biometry Safe Harbor Statement This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of Liska Biometry, see "Risk Factors" in the Company's Annual Report on Form 10- KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
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