TSX Venture Exchange Trading Symbol - NIT
47,600,704 shares outstanding
MARKHAM, ON, March 6 /CNW/ - Neotel International Inc. ("Neotel") and
Axiotron, Inc. ("Axiotron") today signed a Letter of Intent ("LOI") outlining
the licensing of Neotel technologies to Axiotron and the joint development of
Neotel's innovative Dynamic Signature Verification Algorithm SignHere(TM). The
use of SignHere will create a new generation of biometrically secured access
for pen-based personal computing devices, first to become exclusively
available on the award-winning Axiotron Modbook(TM), the world's fastest slate
and only Mac(R) tablet computer.
Neotel's SignHere(TM) technology aims to replace the artificial and
fallible username/password access controls with the oldest and one of the most
widely accepted validation paradigms - identifying a person through their
"Users would no longer have to remember a myriad of username and password
combinations, but would be able to identify themselves by simply signing their
name," said Andreas Haas, CEO of Axiotron. "Signature access would not only be
more secure, but also ultimately more convenient and elegant, and align very
well with Axiotron's vision for best-in-class pen computing technology and
"We are very excited about bringing our technology to the "Mac" world
through a creative partner such as Axiotron," said Mark Edwards, CEO of
Neotel. "We expect this will lead to additional opportunities for our two
ABOUT AXIOTRON INC.
A high-tech solution hardware manufacturing company and an Apple
Authorized Proprietary Solution Provider, Axiotron, Inc.
(http://www.axiotron.com), is the maker of the Modbook, the one and only
tablet Mac solution. Following its unique vision of Customizing Your
World(TM), Axiotron is dedicated to becoming a leading high-tech innovator
through the conception and development of intriguing digital lifestyle
products. In addition, Axiotron offers its product development expertise to
companies in need of custom hardware solutions. Founded in January 2005 and
privately held, Axiotron is a Delaware corporation headquartered in El
Segundo, California, USA.
ABOUT NEOTEL INTERNATIONAL INC.
Neotel is a provider of enterprise information technology, security and
biometrics identification solutions to organizations, government and
healthcare agencies. Neotel offers clients a portfolio of secure solutions to
protect assets, reduce costs, increase revenues and comply with government and
industry regulatory frameworks. Additional information about Neotel is
available at www.neotel.ca.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Maureen Espin, Neotel International Inc., Tel:
(905) 948-9229 x28