ROCHESTER, N.Y., Sept. 23, 2013 /PRNewswire/ -- Document Security Systems, Inc. (NYSE MKT: DSS; "DSS"), a leading developer and integrator of secure cloud computing and security printing technologies, today announced that MedTech Wristbands, a leading provider of wrist identification and access control solutions designed for the leisure and entertainment markets, has signed an agreement to use DSS's AuthentiSuite Technologies. Financial terms of the three year agreement were not disclosed.
MedTech Wristband customers will use DSS's smart phone authentication system, AuthentiGuard, to provide a variety of additional features to their customers.
Ranjie Singh, President of MedTech stated, "MedTech is excited to be partnering with DSS and its AuthentiSuite line of authentication solutions – AuthentiGuard, AuthentiMark, and AuthentiSite. These technologies will continue to open new opportunities and offer expanded features for our customers in the event management industry."
MedTech customers will now be able to easily identify counterfeit event wristbands, while at the same time offer features never before seen in the event management industry. The combination of AuthentiGuard with wristbands enables smart phone check-in to events, easy management of VIP area check-in and access, and allows event managers to limit, manage and monitor access to promotional or secured areas.
Other capabilities that AuthentiGuard brings to MedTech customers are:
- Integrate cashless and credit card free transactions at the event
- Integrate social media promotions
- Provide real-time event reports back to clients
Additionally, MedTech customers will be able to use the technology to establish links of parents to children at an event. In the case where a child gets separated from the parent, officials will be able to read the child's wristband with a smart phone and immediately call the parent.
Robert Bzdick, President of DSS said, "We are pleased to have signed MedTech. The versatile applications of the AuthentiSuite Technology are easily adapted to fit the unique needs of the event management market and provide MedTech with expanded benefits for their customers. Additionally, our core competencies in security print and credential production open opportunities for an expanded relationship between DSS and MedTech."
MedTech Wristbands will be unveiling this technology at the Global Gaming Expo www.globalgamingexpo.com beginning September 24th. Visit booth #5534 for a demo
About MedTech Wristbands
Established in 1993, MedTech Wristbands is a world leader in recreational, event, and medical wristbands, security and anti-counterfeit solutions, and advertising and promotional products. MedTech Wristbands manufactures a wide assortment of wrist identification and access control solutions designed for the leisure and entertainment markets. Their products are found in more than 114 countries world-wide, and are available in a variety of materials, highly visible colors, and stock designs.
MedTech provides wristbands suitable for virtually any situation, from single or multi-day events, day or night events, wet or dry environments, and even the rugged outdoors.
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About DSS (Document Security Systems, Inc.)
Document Security Systems, Inc.'s (NYSE MKT: DSS) products and solutions are used by governments, corporations and financial institutions to defeat fraud and to protect brands and digital information from the expanding world-wide counterfeiting problem.
DSS continually invests in technology to meet the ever-changing security needs of its clients and implements these patented solutions through the Company's operating groups.
Effective July 1, 2013, Lexington Technology Group, Inc., now known as DSS Technology Management ("DSS TM") became a wholly-owned subsidiary of Document Security Systems, Inc. ("DSS" or "Company"). DSS TM provides strategy for DSS's IP portfolio, as well as legal expertise and investment capital for pioneering inventions.
DSS provides counterfeit deterrence and authentication technology coupled with licensing and IP monetization solutions. When implemented, DSS technologies help ensure the authenticity of both digital and physical financial instruments, identification documents, sensitive publications, brand packaging and websites.
For more information on the AuthentiGuard Suite, please visit www.AuthentiGuard.com
For more information on DSS and its subsidiaries, please visit www.DSSsecure.com.
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Forward Looking Statements
Forward-looking statements that may be contained in this press release, including, without limitation, statements related to the Company's plans, strategies, objectives, expectations, potential value, intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act and contain words such as "believes", "anticipates", "expects", "plans", "intends" and similar words and phrases. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the results projected in any forward-looking statement. In addition to the factors specifically noted in the forward-looking statements, other important factors, risks and uncertainties that could result in those differences include, but are not limited to, those disclosed in the "Risk Factors" section of the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2013, filed with the Securities and Exchange Commission on August 13, 2013. Forward-looking statements that may be contained in this press release are being made as of the date of its release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
SOURCE Document Security Systems, Inc.