Business NEWS

USAU Scans Potential Acquisition

By Amarendra Bhushan for CEOWORLD Magazine Updated:November 20, 2008

The Company (Pink Sheets:USAU) announces that it has executed an exclusive Non Disclosure Agreement with Advanced Biometrics, Inc., a private Delaware company to commence negotiations to acquire or license that company’s proprietary and patented vascular scanning technology. The Company will now be definitively changing its name to “USA IDTech Inc.” to reflect the major emphasis the Company will be placing on its biometric identification division. The new website for the Company will become USAIDTech.com.

Advanced Biometrics has for several years been involved in the development of proprietary and patented contactless palm vein authentication systems consisting of image sensing and software technology. The Company owns key patents in their primary area of development giving them a considerable advantage in the field. Their authentication sensor captures a subcutaneous vascular infrared ray image of the user’s palm. The sensor is able to capture the vascular image regardless of the position and movement of the palm. The software then matches the translated vein pattern with the registered pattern, while measuring the position and orientation of the palm by a pattern matching method.

There is a crucial need for sophisticated biometric systems which offer more complex protection, control and monitoring utilizing innovative and advanced technologies, as nefarious individuals are increasingly finding sophisticated ways to crack existing surface methods of identity verification. At the forefront of these new advanced technologies are vascular (vein) scanning technologies. Modern vascular scanning technology can replace simple surface finger or palm print technologies.

New vascular scanning systems consist of an access reader and embedded reader that map vein patterns and this technology using infrared imaging sensor is able to capture clear images of the vascular pattern. The generated image is digitized, encrypted and finally stored as a registered template. The new technology can be used for everything from biometric building access control to biometrically monitoring access to sensitive information on computer files.

To prevent identity theft, biometric data is encrypted when it’s gathered. When the information is gathered from inside the hand or finger it is extremely difficult to mimic. Biometric verification works on the back end by converting the subcutaneous biometric input. The match points in the database are translated into a numeric value. The database value is compared with the biometric input and authentication is either approved or denied.

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