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 firstname.lastname@example.org or RJ Falkner & Company, Inc., Investor Relations Counsel at +1-800-377-9893 or via e-mail at email@example.com
SOURCE InkSure Technologies, Inc.
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