Shares acquired in SecuGen Jp
02 Janeiro 2007 - 5:02AM
UK Regulatory
RNS Number:8062O
Secure Design KK
02 January 2007
FOR RELEASE 7.00AM 2 JANUARY 2007
Secure Design KK
Secure Design acquisition of
6.5% of Japan Secure Generation Ltd
Secure Design KK ("Secure Design" or the "Company"), the Japanese developer of
biometrics fingerprint authentication technology, announced on 22 November 2006
that it intended to acquire a shareholding in Japan Secure Generation Ltd
("SecuGen Japan").
The Company announces that it has now acquired 510 shares in SecuGen Japan,
representing approximately 6.5% of the SecuGen Japan issued share capital, for a
total consideration of JPY 29.7m (#129,296). The consideration for the SecureGen
Japan shares has been satisfied through the issue of 86,700 Secure Design new
shares ("New Ordinary Shares"), representing approximately 0.27% of Secure
Design's enlarged share capital.
Application will be made for the New Ordinary Shares to be admitted to trading
on AIM and dealings are expected to commence on 10 January 2007.
For further information, please contact:
Secure Design KK
Satoshi Takahashi (Chief Executive Officer) +81-3-3516-9303
Masahiro Nishikawa (Senior Manager of Business Planning) +81-3-3516-9303
Charles Stanley Securities +44(0) 20 7953 2000
Russell Cook
Freddy Crossley
Cubitt Consulting
Brian Coleman-Smith / Allison Reid / Leanne Denman +44(0) 20 7367 5100
Mobile +44(0) 7802 724 400
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.
The worldwide demand for biometrics is estimated to be increasing by
approximately 30 per cent per year with the market estimated to grow to almost
$6 billion by 2010 from $2 billion in 2006. Biometric applications and systems
are already being used for security in personal, commercial, government and
military organisations. Many governments, including the UK, have adopted or are
currently reviewing the need for biometric applications in passport and national
ID card systems. The Directors believe that as biometric applications in
national identification become commonplace the commercial applications will
proliferate. The commercial market for biometrics is expanding to financial, IT,
telecommunication and medical segments.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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