Result of EGM + Board Changes
10 Février 2009 - 3:00PM
UK Regulatory
TIDMSDKK
RNS Number : 0918N
Secure Design KK
10 February 2009
FOR IMMEDIATE RELEASE
10 February 2009
Secure Design KK
("SDKK" or the "Company")
Board Changes
Result of Extraordinary General Meeting
Change of Name to BgenuineTec Inc
SDKK, a leading fingerprint authentication company, announces that at the
Extraordinary General Meeting ("EGM") held in Tokyo today all the resolutions
were passed including the resolutions to appoint Dr Hiroaki Kunieda and Dr
Dongju Li as Executive Directors with responsibility for the executive
management and strategy of the Company. It was also resolved that the Company's
name will shortly be changed to BgenuineTec Inc and also that the Company's
auditors would be exempted from their liability under Section 1, Article 423 of
the Companies Act 2006.
At a board meeting held after the EGM, Dr Hiroaki Kunieda was appointed Chief
Executive Officer and Dr Dongju Li was appointed Chief Technical Officer of the
Company.
The Company has also announced that Shoichi Kiyomoto has resigned as a director
with effect from 10 February 2009.
Dr Kunieda (aged 57) is a Professor in the Department of Integrated Systems and
Communications at the Tokyo Institute of Technology and previously of the
Department of Electrical and Electronic Engineering, with areas of research
including Fingerprint Recognition Systems. Dr Kunieda was a founder and
executive director of BEYOND LSI Inc., in which SDKK has a 60.48% shareholding.
Dr Li (aged 46) is an Assistant Professor in the Department of Integrated
Systems and Communications at the Tokyo Institute of Technology and a
co-founder, executive director & chief technology officer at BEYOND LSI Inc.
There are no further disclosures for the purposes of Rule 17 and Schedule 2(g)
of the AIM rules.
Taketoshi Kashiwabara, the Chairman, commented:
"I am conscious that we have disappointed our shareholders since we were
admitted to trading on AIM and I would like to assure shareholders that I am
fully committed to the ongoing success of SDKK which will shortly change its
name to BgenuineTec Inc.
It is our intention that the change of name will mark a new beginning for the
Company and I am particularly delighted to welcome Dr Hiroaki Kunieda and Dr
Dongju Li to the board as executive directors and I look forward to working with
them to develop Company and build long term value for our shareholders."
Contact:
+-----------------------------------------+-----------+-----------------------------------------+
| Secure Design KK | Japan +81-3-5652 -0321 |
+-----------------------------------------------------+-----------------------------------------+
| Taketoshi Kashiwabara | |
| (Chairman) | |
| Toshiya Kurita | |
| (Chief Financial Controller) | |
| | |
+-----------------------------------------------------+-----------------------------------------+
| Charles Stanley Securities | +44 (0) 20 7149 6000 |
| (Nominated Adviser and Broker) | |
+-----------------------------------------+-----------------------------------------------------+
| Russell Cook / Freddy Crossley | |
| | |
+-----------------------------------------------------+-----------------------------------------+
| Cubitt Consulting | +44 |
| | (0) |
| | 20 |
| | 7367 |
| | 5100 |
+-----------------------------------------------------+-----------------------------------------+
| Brian Coleman-Smith / James Verstringhe | |
+-----------------------------------------+-----------+-----------------------------------------+
Background Note on Secure Design
On 14 July 2006, Secure Design was the first Japanese company to be admitted to
trading on AIM. It offers fingerprint authentication products to companies
and individuals that wish to establish high levels of security using biometrics.
Biometrics uses a physical attribute of the body, such as a fingerprint to
identify and verify the individual with the aim of making individual
authentication efficient and secure.
The Company offers a range of fingerprint authentication products and systems,
from an integrated system to a mobile device. The Company designs and outsources
the production of these products and can tailor them to individual client
specific needs and applications.
Biometric applications provide convenient and reliable security which reduces
the cost associated with the failure of conventional authentication methods. The
principal factor which distinguishes biometrics from conventional password based
authentication is the enhanced security level it provides while maintaining the
privacy of individual users.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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