Press Release Summary:
AuthentiGuard On-Demand(TM) delivers secure, variable, and high-volume negotiable instruments to desktop computers and printers without use of specialized equipment or inks. Solution allows AuthentiGuard Pantograph 4000(TM) anti-copy, anti-scan technology and AuthentiGuard Prism(TM) verification technology to be embedded in file; when end-user prints electronic form to desktop printer, it is automatically produced with embedded anti-copy as well as authentication security technology elements.
Original Press Release:
Document Security Systems and Partner, the Ergonomic Group, Launch Breakthrough Technology for Desktop Delivery of Secure Documents
AuthentiGuard On-Demand(TM) Gives Enterprise Systems the Ability to Produce Documents Embedded With Sophisticated Anti-Counterfeiting and Authentication Technology
ROCHESTER, N.Y.--Document Security Systems, Inc. (AMEX: DMC) ("DSS"), a leader in proven protection against counterfeiting and unauthorized copying, scanning and photo imaging, today announced the introduction of the document security industry's first enterprise-wide, on-demand based system for delivering secure documents to desktop computers and printers. The patent pending technology, AuthentiGuard On-Demand(TM), will be available through DSS and its partner, The Ergonomic Group, Inc. (EGI).
AuthentiGuard On-Demand(TM) provides a solution for delivering secure, variable, high-volume negotiable instruments without the use of specialized equipment or inks. Using customized software or a web-based application, AuthentiGuard On-Demand(TM) allows DSS' anti-copy, anti-scan technology, AuthentiGuard Pantograph 4000(TM), and its verification technology, AuthentiGuard Prism(TM), to be sent to desktop computers with the security technology embedded in the file. When the end-user prints the electronic form to a desktop printer, it is automatically produced with the embedded anti-copy as well as authentication security technology elements.
Developed through combining The Ergonomic Group's core engineering staff, multi-million dollar computer lab and Network Operations Center with DSS' patented technologies this breakthrough product will be introduced to the financial, healthcare and high-tech enterprises with a significant marketing effort led by The Ergonomic Group in the 2nd quarter 2007. AuthentiGuard On-Demand(TM) can be delivered to most models of desktop printers, significantly widening the market and revenue opportunity of this breakthrough solution.
According to Document Security Systems' President, Peter Ettinger, delivering secure documents anytime, anywhere by the click of a mouse is a result of these two companies' vast technological expertise. "So much of our world's commerce relies upon highly negotiable and variable information that is typically delivered to desktop computers," explains Ettinger. "AuthentiGuard On-Demand(TM) provides a secure and efficient solution for those organizations that have a vested interest in protecting this type of information from unwanted duplication or misrepresentation. Whether you're a financial or health care institution, a Fortune 500 manufacturer or software company, this on-demand solution provides our customers with easy and cost-effective solutions for providing high-level security and bottom line protection."
DSS and The Ergonomic Group anticipate that the security solutions provided through AuthentiGuard On-Demand(TM) will significantly impact the global counterfeiting problem.
"The need for this technology is very apparent," explains Ettinger. "The financial markets have had an increase of over 500% in counterfeiting, the high tech and general parts industries face some $200 billion dollars in losses each year and the pharmaceutical industry experiences an annual $32 billion dollar global loss. In fact, even before we formally launched this product we had interest from financial institutions and integrators."
Mr. Robert T. Girards, Executive Vice President and Chief Operating Officer of The Ergonomic Group, stated, "The Ergonomic Group's substantial presence in the financial, healthcare, high tech and aerospace industries provides our team with a significant advantage in entering the security and brand protection markets. With DSS, this agreement allows us to develop business solutions that address the security needs of clients that are currently using multiple applications of our services and products. AuthentiGuard On-Demand(TM) is the result of DSS' leading edge research and development, combined with The Ergonomic Group's robust IT solutions and suite of products and services, we believe this product will truly revolutionize the world of secure documents. Before our marketing effort even starts, we are already talking to financial institutions and integrators. We believe these deals alone will result in a seven figure income in 2007 and is a market with unlimited potential."
AuthentiGuard On-Demand(TM) is currently in use and fully implemented by Indra Sistemas, S.A. (Frankfurt: IDA), the leading Spanish Information Technologies and Defense Systems company. DSS and EGI will jointly market the technology in key vertical markets, including the government, financial, academic, and healthcare/pharmaceutical industries.
About Document Security Systems, Inc.
A rapidly growing security technology company, Document Security Systems is a world leader in the development of optical deterrent technologies that help prevent counterfeiting and brand fraud from the use of the most advanced scanners, copiers and imaging systems in the market. The Company's patented and patent-pending technologies protect valuable documents and printed products from counterfeiters and identity thieves. Document Security Systems' customers, which include international governments, major corporations and world financial institutions, use its covert and overt technologies to protect a number of applications including, but not limited to, currency, vital records, brand protection, ID cards, internet commerce, passports and gift certificates. Document Security Systems' strategy is to become the world's leading producer of cutting-edge security technologies for paper, plastic and electronically generated printed assets. More information about Document Security Systems can be found at its websites: www.documentsecurity.com and www.plasticprintingprofessionals.com.
About The Ergonomic Group
The Ergonomic Group (EGI) is a technology solutions provider with over $250 million in annual revenues and a satisfied and expanding client base in the financial, manufacturing and healthcare sectors. Over twenty years' experience in providing diverse business solutions has prepared EGI with the foundation necessary to be an essential asset in any technical partnership. The Ergonomic Group's dedication to customer satisfaction is ensured through providing best-of-breed technologies coupled with our unique personal approach. The EGI service-centric strategy helps every organization solve their most pressing business and IT challenges with integrated state-of-the-art solutions. EGI's technical expertise spans the desktop to the data center, with successful solutions incorporating the implementation and development of robust Information Technology in six focus areas: Networking, Storage, Security, Compliance, Capacity Planning and Lifecycle Management. To find out more, view detailed information about the Ergonomic Group at www.ergogroup.com.
About Indra Sistemas, S.A.
Indra is the leading Spanish Information Technologies and Defense Systems company with estimated revenues of 1.9 billion Euros on closure of the current fiscal year. A solid technology base, permanent innovation, quality in processes and results, demanding management and the high degree of qualification of more than 19,000 professionals that work for the company contribute to its expertise in Information Technologies, Simulation and Automatic Test Systems, and Defense Electronic Equipment. For more information, visit Indra online at indra.es