Mitek Announces New SignProtect(TM) Product
May 15 2006 - 6:00AM
PR Newswire (US)
Extending Self Authenticating Signature Technology to New Markets
SAN DIEGO, May 15 /PRNewswire-FirstCall/ -- Mitek Systems, Inc.
(OTC:MITK) (BULLETIN BOARD: MITK) (http://www.miteksystems.com/), a
leading provider of Image Analytics and intelligent character
recognition software, today announced the release of
SignProtect(TM), a new self-authenticating signature validation
software product. SignProtect(TM) enables any written signature
that is captured in a paper or digital process to be verified
without the need for a database -- authentic information can be
encoded securely on a document or within a device used to capture
the signature. (Logo:
http://www.newscom.com/cgi-bin/prnh/20041117/LAW022LOGO) A person's
signature remains the leading way in which an individual is
identified and tenures approval for exchange of goods and services.
With this product, Mitek has overcome the challenges of variability
of people's signatures and the technical hurdles of providing
immediate verification of authenticity. This innovation makes the
acceptance of signatures, and the forms to which they are assigned,
more secure in light of ever increasing threats of forgery and
identity theft. Mitek has a rich heritage of marketing its products
through channel partners to specific vertical markets, and is in
discussions with industry leading vendors to deploy SignProtect(TM)
in a variety of innovative applications. Among the applications
under consideration are safeguarding against identity theft by
encoding driver's licenses with signature codes, combating mortgage
fraud by providing lenders with secure appraisal documents, and
improving compliance processes for prescription drug sampling
programs. SignProtect(TM) is an advanced software development
toolkit that can be embedded into both software and hardware, with
far reaching applicability. The technology is unique in two key
aspects. The application can be used to verify signatures placed on
documents or similarly those that are captured on electronic
devises, such as signature pads, PDAs or Tablet PCs, and it has no
dependency on proprietary systems. Secondly, the patent pending
encoding paradigm enables authentic signature information to be
inscribed on the document of origin, which eliminates the reliance
on connectivity to systems to authenticate the signature. The
foundation for this technology was delivered as part of a
self-authenticating check solution co-developed and marketing by
the John H. Harland Company (NYSE:JH). Now Mitek has extended the
technology to reach out to new markets. Mitek will be unveiling
SignProtect(TM) to the public at this year's Association of Image
and Information Manager (AIIM) conference to be held in
Philadelphia, May 16th through 18th, located in Booth #1348. About
Mitek Systems Mitek Systems (OTC:MITK) (BULLETIN BOARD: MITK)
(http://www.miteksystems.com/) is a leading developer of Image
Analytics software used by multiple industries to process checks,
detect fraud and improve customer service. The Company also
develops and markets the most comprehensive suite of Intelligent
Character Recognition software engines used to test, clean, read
and authenticate imaged documents. Sold to partners and directly to
end users, the Company's software is used in the processing of over
8 billion transactions per year. For more information about Mitek
Systems, contact the company at 8911 Balboa Avenue, Suite B, San
Diego, CA 92123; 858-503-7810 or visit
http://www.miteksystems.com/. Forward-Looking Statement Disclosure
With the exception of historical matters, the matters discussed in
this news release are forward-looking statements that involve risks
and uncertainty. Forward-looking statements include, but are not
limited to, statements relating to the Company's products, future
development, and software use by other companies. The Company's
actual results could differ from such forward-looking statements.
There can be no assurance that the Company will achieve the results
set forth herein. Mitek and Mitek Systems are registered trademarks
of Mitek Systems, Inc. Media Contact: Mari Sese Mitek Systems, Inc.
858.503.7810 x320
http://www.newscom.com/cgi-bin/prnh/20041117/LAW022LOGO
http://photoarchive.ap.org/ DATASOURCE: Mitek Systems, Inc.
CONTACT: Mari Sese of Mitek Systems, Inc., +1-858-503-7810, ext.
320, Web site: http://www.miteksystems.com/
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