InkSure Technologies Welcomes Two New Members to its RFID Advisory Board
Distinguished Professors Bring Invaluable Experience to Company's Efforts to
Develop 'Chipless' RFID Item-Level Tagging Capabilities
FT. LAUDERDALE, Fla., Sept. 8 /PRNewswire-FirstCall/ -- InkSure
Technologies Inc. (OTC Bulletin Board: INKS), a leading provider of covert
machine-readable security solutions for the prevention of counterfeiting,
fraud and diversion, today announced the addition of two new members to its
outside Advisory Board for the development and implementation of the Company's
RFID technology.
Prof. Amnon Yogev, a worldwide authority on optics, is the founder of
Aytec Avnim Ltd., a consulting firm, and Engineuity Ltd. Prof Yogev, who was
formerly with the Weizmann Institute, has been retained by the Company to work
closely with management in the implementation of certain elements of InkSure's
RFID ("Radio Frequency Identification") initiative involving patents recently
issued and previously announced. Prof. Yogev earned his Ph.D. from Israel's
elite Weizmann Institute of Science and was involved in research and teaching
at that prestigious institution for more than 40 years. He was appointed head
of the energy research center at the Weizmann Institute in 1991. Among
various awards and professional distinctions, Prof. Yogev has earned nine (9)
patents and published over 90 articles on molecular organic spectroscopy,
laser spectroscopy, laser photochemistry and solar energy.
Prof. Amir Boag will work with InkSure management in the areas of
algorithms and signal processing involving the RFID project. He received the
B.Sc. degree in electrical engineering and the B.A. degree in physics in 1983,
both Summa Cum Laude, the M.Sc. degree in electrical engineering in 1985, and
the Ph.D. degree in electrical engineering in 1991, all from Technion-Israel
Institute of Technology, Haifa, Israel. From 1991 to 1992 Prof. Boag was on
the Faculty of the Department of Electrical Engineering at the Technion. From
1992 to 1994 he was a Visiting Assistant Professor with the Electromagnetic
Communication Laboratory of the Department of Electrical and Computer
Engineering at the University of Illinois at Urbana-Champaign. In 1994, he
joined Israel Aircraft Industries as a research engineer and became a manager
of the Electromagnetics Department in 1997. Since 1999, he has been with the
Physical Electronics Department of the School of Electrical Engineering at Tel
Aviv University, where he is currently an Associate Professor. Dr. Boag's
interests are in electromagnetic theory, wave scattering, imaging, and the
design of antennas and optical devices. He has published over 50 journal
articles and presented more than 90 conference papers on electromagnetics and
acoustics.
"We are very pleased to have such distinguished and qualified leaders in
their fields join our outside advisory board, which is working closely with
our management and R&D team to commercialize next-generation 'chipless' radio
frequency identification (RFID) technology designed to enable item-level
tagging of merchandise, packages and other products," commented Yaron
Meerfeld, Chief Operating Officer of InkSure Technologies Inc. "If
successfully commercialized, we believe RFID technology has the potential to
replace the familiar barcode technology and other electronic article
surveillance solutions that are currently available. RFID tags would permit
'non line of sight' collection of product information and would be suitable
for a variety of applications, including authentication, supply chain
management and traceability, proof of ownership, and data carrying
transactions. We are hopeful that our first RFID product can be introduced in
2006."
About InkSure Technologies Inc.
InkSure Technologies Inc., with its corporate headquarters in Ft.
Lauderdale, Florida and its R&D center in Science Park, Rehovot, Israel,
specializes in comprehensive, covert security solutions designed to protect
high profile brands and documents of value from counterfeiting, fraud and
diversion. The Company's sales and marketing activities target a number of
market opportunities, including financial, pharmaceutical, branded products,
transportation, and government/institutional, on a global scale.
The Company's common stock is listed on the OTC Bulletin Board under the
symbol "INKS". Additional information on the Company is available on its
website at http://www.inksure.com.
This press release contains certain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Act of 1934, as amended, which are intended to be
covered by the safe harbors created thereby. Investors are cautioned that all
forward-looking statements involve risks and uncertainty. Although InkSure
(the "Company") believes that the assumptions underlying the forward-looking
statements contained herein are reasonable, any of the assumptions could be
inaccurate, and therefore, there can be no assurance that the forward-looking
statements included in this press release will prove to be accurate.
Important factors that could cause actual results to differ materially from
the forward-looking statements include the Company's need to obtain
substantial additional capital (through financings or otherwise) to fund its
operations, the progress of development, government and regulatory approvals
and licensing/commercialization of the Company's technologies, and other
factors noted in the Company's periodic report filings with the Securities and
Exchange Commission. In light of the significant uncertainties inherent in
the forward-looking statements included herein, the inclusion of such
information should not be regarded as a representation by the Company or any
other person that the objectives and plans of the Company will be achieved.
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.
For further information, please contact:
James Assaf, CEO, U.S. Operations at +1-954-772-8507 or via e-mail at
jassaf@inksure.com
or
RJ Falkner & Company, Inc., Investor Relations Counsel at +1-800-377-9893
or via e-mail at info@rjfalkner.com
SOURCE InkSure Technologies, Inc.
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