PRESS RELEASES
Network
Storage Solutions, a Planned Acquisition of IQ Biometrix,
Signs Multi-Year OEM Software Agreement with Inno Micro
of Japan
FREMONT,
Calif., June 17, 2003
IQ Biometrix Inc. IQBM announced today that Network Storage
Solutions (NSS) has entered into a multi-year, $1 million
OEM agreement with Inno Micro Corporation of Japan.
"NSS
continues to prove its position in the network storage market
place through the signing of Inno Micro and its most recent
announcement of InVision Technologies. This planned acquisition
is on track to deliver the expected expansion of IQB's geographic
presence and further its position in the Home Land Security
market," said Bill Scigliano, CEO and President of
IQ Biometrix.
IQB
announced in May that it had entered into a letter of intent
for the acquisition of NSS, a leading developer and supplier
of network storage software and products for security and
other applications.
Inno
Micro Corporation of Japan is a leading system integrator
that provides storage solutions for major Japanese manufacturers.
Under the terms of the agreement, NSS will supply its award
winning SPANStor software for integration with the Inno
Micro server which, when combined with a storage system,
provides a powerful NAS solution.
The
agreement represents a major endorsement of its technology
for the international market place and the recognition of
its SPANStor operating system as a compelling Network Attached
Storage solution. Roger Kirkland, VP International Sales
for NSS said "It allows NSS to extend its products
offerings to the Japanese market through a strong partner
that will provide the total solution as well as service
and support for the customer base."
The
SPANStor V5 NAS software is built on an open, NetBSD kernel
with a powerful Journaling File System that was designed
to operate on virtually any Intel based server platform.
The backend storage attachment is agnostic as SPANStor's
O/S will support multiple storage suppliers. Optional products
include SPANSync file replication and data migration, Fail-Over
functionality and virus scanning licensed through NAI.
Mr.
Fukuoka from Inno Micro stated, "After extensive evaluation
the NSS SPANStor O/S proved to be the most robust and provide
the strongest feature set for our customer base. We are
looking forward to taking the product to our market and
have several significant customers currently in beta programs."
Inno Micro provides a complete line of storage solutions
for Japanese customers today and expects the NAS offering
to complete their network storage product line.
"This
agreement will have long-term strategic benefits, by providing
continued growth in diversified markets outside the USA.
Inno Micro is our first major announcement internationally
and we expect several additional contract signings this
year," added Mr. Kirkland.
About
Inno Micro Corporation
Inno
Micro Corporation has been providing customers with world
leading technology such as semiconductor devices, software,
computer peripherals, multimedia products and storage system
products. Inno Micro relies on cutting-edge technologies
to offer total solutions to users of PCs and workstations,
and to every corner of our information and communications
society. Additional information about Inno Micro can be
found at http://www.inno.co.jp.
About
Network Storage Solutions, Inc.
Headquartered
in Chantilly, VA, Network Storage Solutions (NSS) designs,
develops and markets SPANStor, an award-winning Network
Attached Storage (NAS) operating system: a full line of
NAS/SAN gateways and storage appliances: and the Thunderbolt
storage system series. Its SPANStor V5 NAS software is built
on an open NetBSD kernel with a powerful Journaling File
System that was designed to operate on virtually any Intel-based
server platform and support virtually any storage backend.
Key features and functions include Snapshots, Replication,
Failover, Active Directory support, LDAP, Kerberos, ACLs,
IPv4, IPv6, CIFS, NFS. It is deployed on industry-standard
Intel hardware platforms supporting SCSI, FCAL, SAN Fabrics,
and iSCSI. Network Storage Solutions markets its products
through a channel of reseller and OEM partners. Additional
information about NSS can be found at www.nssolutions.com.
About
IQ Biometrix, Inc.
IQ Biometrix,
Inc. (IQBM) provides law enforcement and security technology
solutions for government and private industry. IQ Biometrix,
an innovative California-based company is a leading provider
of facial composite technology for law enforcement agencies
in North America. FACES is currently used by thousands of
policing agencies worldwide, including the Central Intelligence
Agency and the Federal Bureau of Investigation. IQB is currently
developing new applications based on this foundation technology
tailored to meet the needs of national, business and personal
security. Its solutions practice is focused on integrating
IQB and partner technologies to provide customized responses
to client needs. Further information about IQB can be found
at www.iqbiometrix.com.
Safe
Harbor Statement
To the
extent that any of the statements contained herein are forward-looking,
such statements are based on current expectations that involve
a number of uncertainties and risks. Such uncertainties
and risks include, but are not limited to, growth in the
NAS market, market acceptance of products, the development
of new products, the enhancement of existing products, manufacturing
delays, dependence on principal customers, competitive pricing
pressures, product volume and mix, global economic conditions,
dependence on international operations, availability of
key components, timing of orders received, and introduction
of competitor products having technological and/or pricing
advantages. As a result, the Company's operating results
may fluctuate, especially when measured on a quarterly basis.
Actual results may differ materially from such expectations.
Investors are directed to consider other risks and uncertainties
in documents, including forms 8K and 10QSB, filed by the
company with the Securities and Exchange Commission, www.sec.gov.
SPANStor(TM),
Thunderbolt(TM), uStor(TM), NASengine(TM), and ProStor(TM)
are trademarks of Network Storage Solutions. Any other product,
trademark, company, or service names mentioned herein are
the property of their respective owners.
Contact
Information:
IQ Biometrix, Inc.
Tom Piacentini, 858/676-3421
tpiacentini@nssolutions.com
or
Roger Kirkland, 44 (1875) 833300
rkirkland@nssolutions.com
or
Liviakis Financial Communications
John Liviakis, 415/389-4670
info@liviakis.com
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