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Wednesday January 23, 8:32 am Eastern Time
Press Release
SOURCE: News release via Canada NewsWire, Vancouver 604-669-7764
Sanyo invests US$2 million in strategic alliance with Imagis Technologies and Intacta Technologies
TOKYO, JAPAN, VANCOUVER, BC, and ATLANTA, GA, Jan. 23 /PRNewswire/ - Sanyo Semiconductor Company (``Sanyo``), Imagis Technologies, Inc., (OTCBB: IGSTF; CDNX: NAB; Germany: IGY) (``Imagis``), and Intacta Technologies Inc. (OTCBB: ITAC - news; ``Intacta``), today announced that they have entered into a Memorandum of Understanding (``MOU``) to form a strategic alliance to develop, manufacture and market hardware and software solutions to create integrated systems incorporating Sanyo`s system design expertise in electronics, optical devices and embedded systems with Imagis` facial and image recognition algorithms and Intacta`s patented encoding and compression technologies. The new venture will be initially capitalized with approximately US$2 million, and will, as well as Intacta and Imagis, include several subsidiaries and affiliates of the Sanyo group:

SANYO Semiconductor Corporation (HQ: New Jersey, USA)
SANYO Semicon Device Company Limited (Tokyo, Japan)
SANYO LSI Design System Soft Company Limited (Gunma, Japan)
Shinwa Electronic Device Company Limited (Saitama, Japan)
OS Electronics Company Limited (Tokyo, Japan)
Shin-Nichi Electronics Company Limited (Tokyo, Japan)
The integrated systems will be designed for organizations within the public and private sectors, including airport security and access control, borders, surveillance, identity verification and authentication systems, and will provide for highly customizable applications to meet specific governmental requirements. The proposed products include authentication systems for use in e-commerce using mobile devices such as PDAs and cellular telephones. Sanyo currently manufactures and markets advanced cellular phones with an integrated digital camera.

Under the terms of the MOU, Sanyo, Imagis and Intacta have agreed to form a new company, with headquarters in Japan, that will oversee the design, manufacture and technology development of the security products and systems.

``The need for specialized security technologies integrating advanced biometric solutions is on the rise globally with rapid time-to-market, and electronics and software companies that bring their technologies together to meet this demand will succeed,`` said Tsutomu Nakazawa, general manager, System Micro Business Unit of Sanyo Semiconductor Company`s System Business Division. ``The increased attention on overall security calls for technology innovation in hardware, together with integrated biometric and encryption security solutions. As leaders in providing biometrics and encoding technologies, Imagis and Intacta are well-positioned to develop products to meet market needs globally, and Sanyo looks forward to forging a relationship with them.``

On October 2, 2001, Imagis and Intacta announced their agreement to develop an integrated identity verification and access control solution, called XPRESS.ID-2000, which combines Imagis` facial recognition software, ID- 2000(TM), with Intacta`s patented encoding technology, Intacta.Code(TM). The Sanyo group has developed an economical specialized scanning device to read identity documents created using XPRESS.ID-2000.

``We are looking forward to the new alliance with Sanyo,`` stated Noel Bambrough, President & CEO of Intacta. ``XPRESS.ID-2000 will be combined with Sanyo`s proprietary fingerprint identification technology in an embedded identity verification and access control system integrating a customized digital camera with a fingerprint sensor for a complete, highly secure solution combining advanced electronics hardware with sophisticated biometrics.``

``With their intense focus on improving security, the public and private sectors have increased funding for the installation of advanced security technology. Our strategic alliance with Sanyo and Intacta will enable us to develop access control and verification solutions that blend the most effective biometric technologies and bring them to market quickly,`` said Iain Drummond, CEO of Imagis. ``Sanyo`s drive for innovation, along with Imagis` ongoing partnership with Intacta, will foster the ideal environment to rapidly develop the highly advanced and customizable biometric security solutions.``

Imagis ID-2000 uses more than 200 facial descriptors, generated from its sophisticated image analysis algorithms, to capture, compare and display an individual`s face against a database quickly and efficiently. ID-2000 allows an individual to be identified in seconds, using only an image or photograph as the primary search criterion. Extensive links enable the database to be mined further to display details of aliases, associates, as well as images of other distinguishing features such as marks, scars and tattoos. ID-2000 is now used by law enforcement agencies in Canada, the United States, Mexico and the United Kingdom.

About SANYO Semiconductor Company

The SANYO Semiconductor Company is one of the five principal companies of SANYO Electric Co., Ltd. SANYO Semiconductor Company produces a wide range of semiconductor devices used in embedded system solutions for market leading electronic applications. Specializing in mixed signal devices that understand both analog and digital signals, SANYO Semiconductor Company is increasingly becoming known for its ability in providing system solutions for the latest technologies. SANYO Semiconductor Company is on the web at http://www.semic.sanyo.co.jp/index_e.htm

About Imagis Technologies Inc.

Imagis (OTCBB: IGSTF; CDNX: NAB; Germany: IGY) is a developer and marketer of software applications and advanced biometric facial recognition software solutions both as products and as a Software Development Kit. These applications provide a range of security solutions in various industry sectors including airports, law enforcement, customs, immigration and other government agencies, and gaming. Imagis currently has well over a hundred installations, including Toronto`s Pearson International Airport, the world`s 16th busiest airport. Imagis markets its products through a network of business partners located in North America, Asia, Europe and Latin America, and has installations in the US, Canada, Mexico, and the UK. Imagis` Chairman is Oliver ``Buck`` Revell, who served for over 30 years in the FBI, and during his career advanced to the number-two career post of Associate Deputy Director. Imagis is on the web at http://www.imagistechnologies.com.

About Intacta Technologies Inc.

INTACTA.CODE (OTCBB: ITAC - news) provides a method of embedding data, securely and reliably, for security solutions utilizing biometric technologies such as facial recognition and finger prints, across a full array of digital (mainframe to PDA), wireless and hard copy devices. INTACTA.CODE may be utilized to provide hierarchical layers of security for the same block of data. INTACTA.CODE is not just another version of encryption. It is a unique process that provides the security of encryption with a host of other functions. INTACTA.CODE is a COM-based component that compresses and encrypts any data - such as applications, images, database records, and documents - into a graphic form representing the binary information. Any ODBC compliant database can store and query INTACTA.CODE, which can be sent electronically over an intranet, the Internet, or wirelessly to mobile devices. It can also be printed and faxed allowing secure transmission of sensitive data on printed material.

Intacta.Code is a registered trademark of Intacta Technologies Inc. Other registered and unregistered trademarks mentioned herein are the property of their respective owners.

Forward Looking Statements

This press release contains statements that constitute ``forward-looking statements`` within the meaning of Section 21B of the Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward- looking statements.

Forward-looking statements in this release include our expectations as to the success of our strategic alliance with Sanyo and Intacta and the anticipated benefits of that relationship; our expectations as to the timing of the product prototype launches; our expectations as to the expansion of such product launches into other markets; and the anticipated benefits to potential customers from these products. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: any unforeseen incompatibilities among our technology and the respective technologies of Sanyo and Intacta; any technical difficulties related to integrating our technology and the respective technologies of Sanyo and Intacta; the possibility of technical difficulties or delays in future product introductions and improvements; the acceptance of the product prototypes in targeted markets; product development, product pricing initiatives of the proposed new ventures and those of our competitors; and the other risks and uncertainties described in our Form 10-KSB filed with the United States Securities and Exchange Commission. We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

[bottich]

Hallo zusammen, mal wieder eine interessante News von Imagis:

Tuesday February 26, 8:30 am Eastern Time
Press Release
SOURCE: Imagis Technologies Inc.

Imagis Technologies enters European market with UK offices
International Expansion Drives Continued Adoption of Leading Biometric Facial Recognition Technology
VANCOUVER, Feb. 26 /CNW/ - Imagis Technologies Inc. ("Imagis"), (OTCBB: IGSTF; CDNX: NAB; Germany: IGY), developer and marketer of advanced biometric- based software, today announced its expansion in Europe with offices in the UK.
"The European biometric market presents an enormous opportunity for Imagis as it`s poised for rapid growth throughout the next few years," said Iain Drummond, president and CEO of Imagis. "Our expansion to the UK validates the continued success of our business model that provides cutting-edge biometric facial recognition technology to fast growing markets through our continuously expanding global business partners."

In conjunction with strategic business partners, the UK presence will focus on providing technical, service, sales and market leadership for all European countries to establish biometric security solutions for airports, national boundaries, law enforcement and other high-profile environments.

[Mr. Aktie]

Pembridge Group Proposes Privatization of Imagis Technologies

BOSTON, MASSACHUSETTS, Mar 6, 2002 (CCN Newswire via COMTEX) -- The investment firm Pembridge Group ("Pembridge") of Boston, announced today it has sent a letter to the board of directors of Imagis Technologies, Inc. ("Imagis"), (OTCBB: IGSTF; CDNX: NAB; Germany: IGY) of Vancouver, British Columbia, proposing that discussions be held with a view to taking Imagis private by a form of transaction that would result in the existing shareholders receiving cash for their Imagis shares. Based on public information that the firm believes to be accurate, and barring any material change in the corporate affairs or ownership of Imagis, the firm believes that the price per common share of the going private transaction should be US $4.10. The exact form of the transaction to achieve the objective will depend upon appropriate corporate, tax and securities law advice.
In the letter to the Board, Pembridge outlined in detail the reasons for its view that privatization will significantly enhance Imagis` business opportunities and prospects.

Pembridge Chairman Treyton L. Thomas said, "Strategic alignments will develop quickly in the security sector this year, and our interest in the potential of biometrics has been well chronicled. Imagis is the only viable pure-play in facial-recognition software in the marketplace with an installed customer base of over 100 discrete international locations. We feel the company can best exploit this core-competency as a private company as it evaluates having its pattern-recognition software augment a comprehensive suite-of-products approach for large-scale commercial applications with multiple partners. This augmentation could include personal smart cards with embedded biometrics for positive I.D. verification, and weapon and explosive pattern-recognition. There are numerous alternatives for Imagis, and not all are mutually exclusive. This overture is unsolicited, but not hostile."

In a joint announcement with Imagis on January 3, 2002, Pembridge Venture Partners ("PVP") agreed to be a non-exclusive financial advisor to Imagis. In the aforementioned letter to the Board, PVP asked to be recused from advising on mergers, or any potential exogenous financial event from third parties while the Board deliberates this proposal.

Pembridge does not have any assurances that if the above-mentioned discussions are held, they will result in definitive agreements being reached.

About Pembridge

Pembridge Group is a premier alternative asset management firm in Boston. It serves as advisor to Pembridge Fund Management (PFM), the asset management arm of the firm that manages the Concert series of equity hedge funds, the Symphony fund-of-funds, and Pembridge Venture Partners, the private-equity affiliate. The Pembridge funds are eligible to accredited non-U.S. institutions with a minimum threshold investment of $3 million, and are currently closed to new investors. Further information can be found at: www.pembridgegroup.com

Forward Looking Statements

This press release contains statements that constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Imagis`s actual results, performance or achievements, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include our expectations regarding the growth prospects of the biometric industry in general, and the likelihood of Imagis exploiting its software as a core-competency. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: the growth and acceptance of biometric products and services; the purchasing decisions of potential customers related to security products; the growth and acceptance of facial recognition software products and services; product development, product pricing or other initiatives of competitors to Imagis; and the other risks and uncertainties described in Form 10-KSB filed with the United States Securities and Exchange Commission by Imagis Technologies Inc. Pembridge is a private investment firm acting as principal and engages in no securities or capital markets activities of a broker/dealer. We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

For further information please contact Ms. Tyler Carrington at [e-mail] or 617.973.5756.



Related Information:

Companies: Imagis Technologies, Inc. Pembridge Group Pembridge Venture Partners
New Subjects/Industries: Hedge Funds Mergers and Acquisitions Technology Venture Capital Investment Management

People: Treyton L. Thomas


CONTACT: Pembridge Group
Ms. Tyler Carrington
[phone]
[e-mail]


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