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Lakeland, FL – April 7, 2005. Solicore, Inc., a leading provider of ultra-thin, flexible, lithium polymer batteries, announces that it has entered into a strategic partnership with AudioSmartCard, the France based leading supplier of acoustic authentication smart cards.
“AudioSmartCard is the leading provider of acoustic based secure smart cards” said Michael W. Mahan, Solicore’s Executive VP of Sales and Marketing. “Their leading edge technology makes them the ideal candidate for Solicore to align ourselves with in the burgeoning smart card market. The market for embedded power on cards is now experiencing explosive growth, and AudioSmartCard’s patented technology will make them a leader in their target markets.”
According to Philippe Guillaud, AudioSmartCard’s Chief Technology Officer, “We chose Solicore over other battery suppliers because they have a demonstrated battery technology that clearly differentiates them from the rest of the industry. They clearly understand the needs of the smart card industry and have developed and refined their products accordingly. We have tested their products thoroughly and are very confident that their product will provide our customers with thousands of secure financial transactions over the life of the product.”
About Solicore, Inc. (www.solicore.com)
Solicore develops, manufactures, and markets ultra-thin, flexible lithium polymer batteries under its Flexion brand that serve the smart card, RFID and medical device markets. Their patented solid-state electrolyte has helped create the next generation of lithium polymer batteries. Solicore's headquarters, R&D and manufacturing facilities are located in Lakeland, Florida. For more information, visit www.flexion.com or www.solicore.com.
About AudioSmartCard (www.audiosmartcard.com) Acoustic signature specialist, AudioSmartCard is a unique player in the market of security and authentication. Strong in its savoir-faire of phone cards (250,000 cards in the market), AudioSmartCard conceived and developed solutions securing all the authentication requests of enterprises. AudioSmartCard benefits from a world-wide protection of its patents and alone is the only company authorized to market this technology. AudioSmartCard obtained the Entreprise innovante label from French innovation agency ANVAR in July 2003.
AudioSmartCard contact : Philippe Buschini, VP Marketing, p.buschini@audioSmartCard.com
This press release contains forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates" and similar words. Such forward-looking statements are subject to known and unknown risks, uncertainties or other factors that may cause Solicore, Inc's actual results to be materially different from historical results or any results expressed or implied by such forward-looking statements. Solicore, Inc. assumes no obligation to update any forward-looking statements to reflect events or circumstances arising after the date hereof. The potential risks and uncertainties which could cause actual growth and results to differ materially include but are not limited to, customer acceptance of the company's services, products and fee structures, the success of the company's brand development efforts, the volatile and competitive nature of the battery industry, and changes in domestic and international market conditions, and foreign exchange rates.
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