IEI receives Nasdaq delisting notice

SSN Staff  - 
Friday, April 1, 2005

CANTON, Mass. - International Electronics, Inc. received a Nasdaq Staff Determination in the middle of February indicating that the company failed to comply with the stockholder’s equity, market value of listed securities and net income requirements as set forth in a Nasdaq rule. Now, IEI’s securities are subject to delisting from the Nasdaq SmallCap Market.

The company, a manufacturer of electronics access control and asset management products, is requesting a hearing before a Nasdaq Listings Qualifications Panel to review the notice.

Bioscrypt touches passport validity

TORONTO - In late February, 3M-AiT licensed Bioscrypt Inc.’s Bioscrypt core algorithm for use in the Belizean Machine-Readable Passport System.

Bioscrypt, a provider of identity verification technology, provided 3M-AiT with a software development kit that allows two fingerprints to be captured and checked against a candidate list, which 3M-AiT integrated with a facial recognition system to create a dual finger and face biometric identification solution for passport issuance.

The passport system was designed to improve the issuance of passports by the Belize Immigration and Nationality Department and to enhance its capability to control illegal immigration.

Activcard and Lenel partner for solution

FREMONT, Calif. - ActivCard Corp., a developer of identity assurance products, announced a joint distribution agreement with security product provider Lenel Systems International in mid-February.

Through this agreement, the two companies will jointly market a solution for physical access to facilities and logical access to networks. According to a press release, the combined solution, which brings together ActivCard’s Enterprise Active Card and Lenel’s OnGuard ID Credential Center, leads to increased security and lower operations costs.