QUOTE
Drexler Technology Receives $1 Million LaserCard Order for U.S. Department of Homeland Security Multi-Biometric ID Border Crossing Cards - July 14, 2003
Drexler Technology Receives $2 Million LaserCard Order for U.S.(corrected release)
Department of Homeland Security Multi-Biometric ID Border Crossing Cards.
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Drexler Technology Corporation (Nasdaq: DRXR) has received a LaserCard order for U.S. Department of Homeland Security multi-biometric ID Border Crossing Cards to be used as visas for U.S. visits by Mexican citizens.
These optical memory cards are to be functionally compatible with the 24 biometric ID verification systems that were tested successfully by the U.S. government at two airports and four land border-crossing points earlier this year. Following those tests, on April 22, 2003, a Presolicitation Notice was issued by the Department of Homeland Security for the purchase of "approximately 1,000 Optical Stripe Reader/Writers" for use in similar biometric verification systems.
Forward-Looking Statements: All statements contained in this press release that are not historical facts are forward-looking statements. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. They are not historical facts or guarantees of future performance or events. Rather, they are based on current expectations, estimates, beliefs, assumptions, and goals and objectives and are subject to uncertainties that are difficult to predict. As a result, our actual results may differ materially from the statements made. Often such statements can be identified by their use of words such as may, will, intends, plans, believes, anticipates, visualizes, expects, and estimates. Forward-looking statements made in this release include statements as to current and potential market segments, customers, and applications for the Company's products; anticipated or potential U.S. government business and plans; and the Company's plans and objectives. These forward-looking statements are based upon our assumptions about and assessment of the future, which may or may not prove true, and involve a number of risks and uncertainties including, but not limited to, the Company's reliance on VARs and licensees; risks and difficulties associated with development, manufacture, and deployment of optical cards, drives, and systems; the U.S. government's right to withhold order releases relating to cards and to modify or withdraw its reader/writer equipment Presolicitation Notice or to award any resulting contract; the impact of technological advances, competitive products, and general economic trends; as well as other risk factors detailed in the Company's Form 8-K, 10-K, and 10-Q filings with the Securities and Exchange Commission. Due to these and other risks, the Company's future actual results could differ materially from the Company's expectations. These forward-looking statements speak only as to the date of this release, and, except as required by law, we undertake no obligation to publicly release updates or revisions to these statements whether as a result of new information, future events, or otherwise. There is no assurance that the Company's card products will be selected for implementation of the Enhanced Border Security and Visa Entry Reform Act or related legislation or programs.
(emphasis mine)
http://www.findbiometrics.com/viewnews.php?id=333Let's see now, 1,000 cards already bought at $2M.
That comes out to only $2K each card to be used instead of VISAS for Mexican citizens.
Have we had an influx of Mexican terrorists?
So, you see folks, the National ID legislation has already been passed (2002) and we really have no choice. It begins with passports and ends who knows where.
Looking into a group rate for flights to New Zealand if anybody else is interested!