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Lakeland, FL – October 27, 2004. Solicore, Inc., a leading provider of ultra-thin, flexible, lithium polymer batteries, announces that it will exhibit at CARTES & IT SECURITY 2004, the world’s largest smart card trade show and convention in Paris this November.
“CARTES is the premier trade show for the smart card industry” stated David Corey, Solicore’s Chief Executive Officer. “It provides companies like Solicore the opportunity to showcase their products to the entire smart card industry at one venue. This is our fourth consecutive year exhibiting at CARTES, and the event has proved extremely beneficial for Solicore. We are now very well known throughout the smart card industry and are currently working with leading card manufacturers from around the world on a wide variety of applications that will utilize our Flexion batteries as their preferred power source”.
According to a recent report from Frost & Sullivan, the smart card market will grow from 2 billion cards sold in 2003 to over 3 billion in 2008. Batteries are now being designed into cards to provide power for a wide range of applications, from powering biometric sensors to providing power for keypads and displays. Applications range from financial banking cards to identity verification of individuals for both business and government security.
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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