Proposed funding
05 Agosto 2010 - 9:04AM
UK Regulatory
TIDMBGTI
RNS Number : 6201Q
BgenuineTec Inc.
05 August 2010
FOR IMMEDIATE RELEASE
5 August 2010
BgenuineTec Inc
("BgenuineTec" or the "Company")
Proposed Funding
Further to the recent successful Placing by the Company announced on 30 July
2010, BgenuineTec Inc. announces its intention to propose a discounted Open
Offer to all shareholders shortly. Trading conditions remain challenging with a
further injection of capital required shortly to support development towards
commercialisation. An announcement setting out the terms of the Open Offer will
be made in due course.
For further information, please contact:
BgenuineTec Inc
Taketoshi Kashiwabara Japan +81-3-5652-0321
(Chairman)
Toshiya Kurita Japan +81-3-5652-0321
(Chief Financial Controller)
Charles Stanley Securities+44 (0) 20 7149 6000
Nominated Adviser
Russell Cook / Dugald J. Carlean / Carl Holmes
Cubitt Consulting+44 (0) 20 7367 5100
Chris Lane / Nicola Krafft
Background Note on BgenuineTec Inc.
On 14 July 2006, BgenuineTec Inc. (AIM; BGTI) 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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