Titanium Group Announces Product Launch
08 May 2008 - 12:35AM
PR Newswire (US)
COMPANY TO INTRODUCE INTELLIGENT VISITOR MANAGEMENT SYSTEM; NEW
PRODUCT SEEKS TO BRING IN REVENUE OF $10 MILLION SAN JOSE, Calif.,
May 7 /PRNewswire-FirstCall/ -- Titanium Group, Ltd (OTC:TTNUF)
(BULLETIN BOARD: TTNUF) , a leading Biometric and security
solutions provider announced today the completion and
commercialization of a new product utilizing Titanium's proprietary
biometric technologies, the Intelligent Visitor Management System
(IVMS). IVMS is a kiosk-based solution with its core engine powered
by Titanium's latest inventions in facial recognition technology.
Through advanced machine vision technology, IVMS collects unique
facial geometry (skull curvature, skin texture, movement detection,
etc.) for comparisons and analysis. The specialized terminal of
IVMS consists of a pair of specialized cameras, which record
pattern distortion from different light spectrums, thereby
overcoming the challenges from general environmental variations,
such as interference of glass reflection and deviation of
background light intensity. The value proposition of IVMS is a
robust solution for businesses or agencies to manage visitor flow,
ensuring all visitors who have entered an area or facility have
exited and are properly recorded during a specified period of time.
This product has been developed for businesses that experience and
manage a large number of visitors each day and require a certain
level of security that is non-invasive. "Government buildings,
executive offices of enterprises, banks and other financial
institutions are excellent examples of potential customer who need
this type of security technology," said Billy Tang, CEO of Titanium
Group. "We are currently in discussion with Governmental agencies
and businesses in financial sectors of Hong Kong and Mainland China
where our products and technologies have excellent references based
upon successful deployments in the past. From those discussions, we
currently estimate the market size for this product during the next
2-3 years to be approximately 2,000 units, which should generate
revenues of approximately $10 million." About Titanium Group:
Titanium Group, LTD (http://www.titanium-tech.com/), and it's
wholly owned subsidiary Titanium Technology, is a leading biometric
and security solutions provider featuring its proprietary and
patented automated Face Recognition Systems (AFRS). Titanium's AFRS
products capture human face images electronically, input the facial
images into searchable files (faceprint) and, in just seconds,
accurately compare the facial images to a database containing
millions of faces. These cutting-edge products reduce
administration cost, enhance security, and significantly increase
overall productivity. Titanium's products are distributed
worldwide, either directly or through resellers or OEM partners, to
governments, law enforcement agencies, gaming companies, and other
organizations. The Company's clients include: IBM, Hong Kong
Government and the Peoples Bank of China, etc. Safe Harbor
Provisions Certain oral statements made by management from time to
time and certain statements contained in press releases and
periodic reports issued by Titanium Group, Ltd. (the "Company"), as
well as those contained herein, that are not historical facts are
"forward-looking statements" within the meaning of Section 21E of
the Securities and Exchange Act of 1934 and, because such
statements involve risks and uncertainties, actual results may
differ materially from those expressed or implied by such
forward-looking statements. Forward-looking statements, including
those in Management's Discussion and Analysis, are statements
regarding the intent, belief or current expectations, estimates or
projections of the Company, its Directors or its Officers about the
Company and the industry in which it operates, and are based on
assumptions made by management. Forward looking statements include
without limitation statements regarding: (a) the Company's
strategies regarding growth and business expansion, including
future acquisitions; (b) the Company's financing plans; (c) trends
affecting the Company's financial condition or results of
operations; (d) the Company's ability to continue to control costs
and to meet its liquidity and other financing needs; (e) the
declaration and payment of dividends; and (f) the Company's ability
to respond to changes in customer demand and regulations. Although
the Company believes that its expectations are based on reasonable
assumptions, it can give no assurance that the anticipated results
will occur. When issued in this report, the words "expects,"
"anticipates," "intends," "plans," "believes," "seeks,"
"estimates," and similar expressions are generally intended to
identify forward-looking statements. Important factors that could
cause the actual results to differ materially from those in the
forward-looking statements include, among other items, (i) changes
in the regulatory and general economic environment; (ii) conditions
in the capital markets, including the interest rate environment and
the availability of capital; (iii) changes in the competitive
marketplace that could affect the Company's revenue and/or cost and
expenses, such as increased competition, lack of qualified
marketing, management or other personnel, and increased labor and
inventory costs; (iv) changes in technology or customer
requirements, which could render the Company's technologies
noncompetitive or obsolete; (v) new product introductions, product
sales mix and the geographic mix of sales. The Company disclaims
any intention or obligation to update or revise forward-looking
statements, whether as a result of new information, future events
or otherwise. Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995: The statements which are not
historical facts contained in this advertisement are
forward-looking statements that involve certain risks and
uncertainties including but not limited to risks associated with
the uncertainty of future financial results, additional financing
requirements, development of new products, governmental approval
processes, the impact of competitive products or pricing,
technological changes, and the effect of economic conditions.
DATASOURCE: Titanium Group, Ltd CONTACT: Randy J. Sasaki of Trout
Trading Company, Inc., +1-303-671-0270, for Titanium Group, Ltd Web
Site: http://www.titanium-tech.com/
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