NXR 0.00% 2.0¢ nemex resources limited

http://news.wavefrontbiometric.com/ At the end of the company...

Currently unlisted. Proposed listing date: WITHDRAWN
  1. 16 Posts.
    http://news.wavefrontbiometric.com/

    At the end of the company announcement it has the powerpoint with "September 2015" listed.

    September 21 2015
    The Wavefront Board would like to provide a statement to Nemex Resources Limited (ASX: NXR) in response to your press release on the 17th September 2015.
    Wavefront confirms that a validation testing program is being conducted by international experts at Purdue University. A contract has been signed with the University to confirm the results obtained by Wavefront’s internal tests.
    We note that your previous press release stated that the testing would be completed by June 2015. As we informed you, the commencement of the study was delayed due to the summer vacation period in North America. The actual testing of the Wavefront technology, involving live subjects, is expected to commence shortly. The timeframe for the validation work to be completed is now within 4 – 6 weeks.
    In relation to your statement about competitive technologies, Wavefront
    considers that direct performance comparisons with other biometric technologies can only be drawn when independent comparative data is available. As previously advised, there is limited data available in respect of the mobile (self acquisition) market.
    Wavefront confirms that its technology compares favourably with other eye based biometric technologies deploying same or similar hardware at end Phase 2 with Phase 3 yet to complete. Wavefront provided the basis for this statement to NXR, drawing on the industry gold standard benchmark (Wayman). Wavefront continues to monitor the competitive market, noting the companies who are active in this space and reported to you.
    The next phase of Wavefront’s ongoing research and development strategy will focus on improving usability, speed of acquisition and accuracy in the mobile (self acquisition) market. This will build upon our recently filed patent (2015901256), that includes natural inbuilt liveness testing as part of a single sensor, multi modal approach, which is anticipated to provide a competitive advantage in the market through combating the spoofing of biometrics for identity authentication. The strength of the cornea as a biometric is summarised in the slide deck attached.
    Wavefront is in early stage discussions with potential industry partners in various biometric market sectors, including consumer, healthcare, defence and aviation, both in Australia and North America. Wavefront’s technology has been positively received by these internationally respected entities.
    Wavefront will ensure NXR is updated on progress consistent with our contractual agreement.


    Interesting to read the wording in Wavefront's update vs the update released by NXR.

    I won't draw conclusions.
 
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