Titanium Group Announces Launch of New Identification Solution Targeting High Growth Retail Sector
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NEW PRODUCT APPLIES TITANIUM'S BIOMETRIC TECHNOLOGY AND RFID FOR STOCK INVENTORY AND STORE FRONT SOLUTION
SAN JOSE, Calif., Dec. 18 -- Titanium Group, Ltd. (BULLETIN BOARD: TTNUF), a leading biometric and security solutions provider announced today the launch of a new product tailor-made for the high growth retail sector in Hong Kong and China. This new product's purpose is to provide the retail industry a total solution for efficient and secure tracking of high-valued inventories, from the warehouse to the storefront. The solution applies RFID (Radio Frequency Identification) technology to identify the proper location of each of the items and facial recognition technology to ensure the proper identities of the personnel involved in the administration of the supply chain.
Traditional stock control systems, such as barcode and tag label systems are outdated and inadequate for today's market uses. RFID solutions represent a step forward providing accurate and efficient ways to keep track of the inventories. Nevertheless, most other RFID solutions do not take any measures to safeguard the identity of the operators, allowing the system to be vulnerable to theft. Titanium's new solution pinpoints this issue and provides a complete solution for the customers.
In late 2003 the local economy began to recover and the Hong Kong retail sector began a steady growth rate. The growth in recent years has been even stronger. In the first eight months of 2007, retail sales value grew 10.6%. Among the retail sectors, luxury items realized one of the fastest growths of 20.2% in the same period.
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: ESPN, IBM and the Peoples Bank of China.
Source: Titanium Group, Ltd.
CONTACT:
Randy J Sasaki
of Trout Trading Co.,
+1-303-671-0270,
for Titanium Group, Ltd.
Web site: http://www.titanium-tech.com/
