Veritec Awarded New Patents From Japan
13 Septembre 2010 - 1:00PM
Marketwired
Veritec, Inc. (PINKSHEETS: VRTC) today announced that it has been
awarded a patent from Japan. The patent addresses the need for
reading 2-D codes on reflective surfaces such as those found in the
LCD manufacturing market. Japanese Patent No.: 4547578, METHODS FOR
READING A SYMBOL HAVING ENCODED INFORMATION.
Van Thuy Tran, CEO of Veritec Inc., states, "The new Japanese
patent is an important addition to the other Intellectual Property
held by Veritec. Veritec places great priority in protecting our
businesses by providing the best technology to our customers. The
fast growing LCD market primarily uses the Veritec 2-D VeriCode®
for manufacturing automation and the new patent is an additional
feature that adds value for our customers. We will continue to
build the best products in the 2-D Code markets, which are
currently growing quickly based on the need for low cost data that
identifies and verifies products."
ABOUT VERITEC, INC. Founded in 1982, Veritec offers a patented
line of encoding and decoding software products that utilize the
2-D Matrix Symbology, which allows users to create, apply, store,
or transmit unique identifiers directly on the products or to an
electronic device in the form of a coded matrix symbol, which
enables automated manufacturing control, as well as identification,
tracking, and collection of data via cameras, mobile phones,
readers and scanners. The collected data can then be stored in the
2-D barcode available for contemporaneous verification or other
user-definable purposes. Veritec's 2-D Matrix Symbology, the
VeriCode® and VSCodes®, with its incredible robustness, security
features, and large data storage capacity, have proven to be the
technology of choice for products tracking, identification, and
verification in automated industries. In the Secure
Bio-Identification Cards, Veritec's Software System creates cards
using biometric markers such as fingerprints or pictures. In the
Financial cards, Veritec's Mobile Banking Software Platform manages
and processes Stored-Value Debit or Credit cards. In the Mobile
Phone industry, Veritec has patented the "PhoneCodes©" products
using a 2-D barcode, that facilitate the purchase, send, or receive
a gift certificate, ticket, coupon, receipt or transfer money using
the Internet or mobile phones.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This news release contains forward-looking
statements within the meaning of the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995. These
statements are based upon our current expectations and speak only
as of the date hereof. Our actual results may differ materially and
adversely from those expressed in any forward-looking statements as
a result of various factors and uncertainties affecting technology
companies, our ability to successfully develop products, rapid
technological change in our markets, changes in demand for our
future products, legislative, regulatory and competitive
developments and general economic conditions. Our SEC filings
discuss some of the important risk factors that may affect our
business, results of operations and financial condition. We
undertake no obligation to revise or update publicly any
forward-looking statements for any reason unless otherwise required
to do so by SEC Regulations.
Further details about Veritec's technologies and its multiple
applications can be found on Veritec, Inc.'s website at
www.veritecinc.com; www.vtfs.com; www.blinxcard.com
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Contact: Van Tran CEO vtran@veritecinc.com
Veritec (PK) (USOTC:VRTC)
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