SAN JOSE, Calif., Aug. 15, 2006 (PRIMEZONE) -- Titanium Group, Ltd. (OTCBB:TTNUF), a leading biometric and security solutions provider, today announced a contract to provide its security solutions for PCCW Limited (NYSE:PCW), the premier telecommunications provider in the Pacific Rim. Titanium's ProAccess FaceGuard will safeguard numerous data centers which hold highly confidential information on PCCW customers. Titanium replaces iris-based biometric security technology which was being utilized at PCCW until the company tested and evaluated Titanium's face recognition products.
The ProAccess product line features biometric logical access control systems with products targeting different areas of need from actual physical access to time attendance to unauthorized logins. FaceGuard is one of the Titanium's core products which offer a physical access screening control system that provides a high degree of security and accuracy.
"PCCW is a multi-billion dollar telecom leader and one of the best of the best in the Telecom sector which keeps with our philosophy of targeting only the premier companies in each sector," said Jason Ma, CEO of Titanium Group, Ltd. "We are the answer to companies seeking a security solution for their business. Protecting the highly confidential information of commercial and government agencies at PCCW is another fine example of how our dynamic products meet the security needs of those who cannot afford not to work with the best."
"Our face recognition technology is proven effective and is a far superior technology over iris biometric technology," said Billy Tang, Chief Operation Officer of Titanium Group, Ltd. "Face recognition is the least intrusive and the fastest biometric technology on the market today. Precisely positioning one's eye in front of a scanner for security purposes has been shown to be less than effective when compared to our ProFacer and ProAccess product lines. Companies like PCCW are looking for a complete solution for their security needs especially when it involves information which is very confidential. Our newest 'facial recognition engine' achieves a false positive acceptance rate of less than 0.1 percent and a verification rate of over 99.9 percent -- that's one reason why we are generating such elevated demand for our products."
Recently, Mr. Tang was invited to speak along with a number of other security experts at the Traders Meet event in Hong Kong, China sponsored by the Hong Kong Trade Development Council. His topic, "Grasping Business Opportunities in Biometrics Technology" gave depth and insight into the latest developments of the industry and how businesses can flourish in this new security age.
About PCCW:
PCCW Limited (NYSE:PCW) is the premier telecommunications provider in Hong Kong and a leader in Information and Communications Technologies in Asia. While expanding opportunities in mainland China in partnership with China Network Communications Group Corporation, PCCW continues to enhance Hong Kong's role as a regional center of technological excellence through innovative services in new generation fixed-line and mobile telephony, broadband, information technology, wireless communications, and IPTV (through its successful TV network operated by PCCW subsidiary PCCW Media Limited). Internationally, PCCW is proceeding with the phased rollout of a sophisticated wireless broadband network in the United Kingdom. PCCW also provides cutting-edge technical services to network operators worldwide. PCCW subsidiary Pacific Century Premium Developments Limited is engaged in property development. To learn more about PCCW, go to www.pccw.com.
About Titanium Group:
Titanium Group, Ltd. (http://www.titanium-tech.com), and its 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 People's Bank of China.
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Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by Titanium Group, Ltd. (the "Company"), as well as those contained herein, that are not historical facts are "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934 and, because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements, including those in Management's Discussion and Analysis, are statements regarding the intent, belief or current expectations, estimates or projections of the Company, its Directors or its Officers about the Company and the industry in which it operates, and are based on assumptions made by management. Forward looking statements include without limitation statements regarding: (a) the Company's strategies regarding growth and business expansion, including future acquisitions; (b) the Company's financing plans; (c) trends affecting the Company's financial condition or results of operations; (d) the Company's ability to continue to control costs and to meet its liquidity and other financing needs; (e) the declaration and payment of dividends; and (f) the Company's ability to respond to changes in customer demand and regulations. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions are generally intended to identify forward-looking statements.
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The Company disclaims any intention or obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this advertisement are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, governmental approval processes, the impact of competitive products or pricing, technological changes, and the effect of economic conditions.