Business Services Industry
Sense Holdings Establishes Scientific and Security Advisory Board to Accelerate Business Growth in Homeland Security Markets
Business Wire, Oct 20, 2005
FORT LAUDERDALE, Fla. -- Company Appoints Key Scientists and Executives from Oak Ridge Labs, Federal Express and Others to New Board
SENSE Holdings, Inc. (OTCBB:SEHO) (FWB:OUP), a developer of next-generation biometric and explosive detection security technologies for government and commercial security markets, today announced that it has created a new Scientific and Security Advisory board, and has thus far appointed four experts in their respective fields to serve on it.
The formation of this Advisory Board follows a major strategic initiative in recent months to expand Sense's business operations and sales potential in the global Homeland Security marketplace. The primary role of the board will be to help Sense Holdings to meet its new business development targets.
"Sense Holdings is pleased and privileged to have this tremendous group of individuals serving on our new Scientific and Security Advisory Board," said Dore Perler, CEO of Sense Holdings. "Each is highly qualified in his respective field. The input and knowledge of this board of diverse and distinguished advisors will be invaluable help to ensure that we meet our Homeland Security marketplace expansion goals in the months and years ahead."
The Company plans to enter growing multibillion-dollar Homeland Security markets with a newly acquired explosives detection technology currently being developed at the U.S. Oak Ridge National Laboratory in Tennessee, one of the Company's strategic technology development partners. The technology would initially be applied to cost-effective, hand-held bomb detection "wands" for domestic and international deployment at airports and other potential screening sites.
Initial appointees to Sense's Scientific and Security Advisory Board include the following appointees:
--Dr. Bruce Warmack, a distinguished scientist and research leader at the U.S. Oak Ridge National Laboratory;
--Spencer Roberts, President of S-Tronix, Inc., and Senior Pilot and Manager at Federal Express;
--Alex Schlinkmann, CEO of Accuplace, Inc., a high technology manufacturing company with Fortune 500 corporate customers;
--Richard Kendall, Director of the Federal Enforcement Homeland Security Foundation, a non-profit corporation that assists federal agents and law enforcement officials.
About Sense Holdings, Inc.
Sense Holdings is a developer of next-generation biometric identification systems, and nanotechnology-based micro-sensor technologies for government, military and commercial security marketplaces. The Company's wholly-owned subsidiary, Sense Technologies, deploys proprietary biometric technology based on advanced fingerprint technology and biometric integration to create a range of solutions for prisoner identification, time and attendance, access control applications and other markets. Sense's major customers include the U.S. Army, the U.S. Department of Corrections, Federal Express, and American Airlines. A second wholly-owned subsidiary, MSTI, is an emerging nanotechnology-based explosives detection technology development division developing a pipeline of advanced bomb detection technologies, including a prototype handheld explosive detection wand device for Homeland Security applications in airports and other security checkpoints. This hand-held detection alternative is designed to be a cost-effective solution with extremely high detection sensitivity and real-time operability. Currently, a proof-of-principle prototype is undergoing further research and development at the U.S. Oak Ridge National Laboratory. For investor-specific information about Sense Holdings, including recent share price data and news announcements, please visit http://www.trilogy-capital.com/tcp/sense. To view or download an Investor Fact Sheet about the Company, please visit http://www.trilogy-capital.com/tcp/sense/factsheet.html. Sense is also listed on the Frankfurt Stock Exchange under the ticket symbol, OUP. For other information, please visit http://www.senseme.com.
Cautionary Statement
This presentation includes statements that may constitute "forward-looking" statements, usually containing the words "believe", "estimate", "project", "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products and services in the marketplace, the ability of the Company to develop effective new products and receive governmental approvals of such products, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's filings with the U.S. Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
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