Nov 10 2009
Tech Leader in Information Security Technologies Joins Forces with Leading Global Security Provider
Document Security Systems, Inc. (NYSE Amex: DMC; "DSS"), a world leader in the development and manufacturing of optical deterrent and authentication technologies that secure electronic data and help prevent counterfeiting and brand fraud from the use of desktop scanners and copiers in the market, is pleased to announce today that it has entered into a Mutual Business Strategic Collaboration Agreement ("Agreement"), with the Samsung S1 Corporation, a member of the Samsung family of companies.
Under the Agreement, DSS grants to Samsung S1 an exclusive, non-transferable right to market, sell and distribute all of DSS's AuthentiGuard(TM) Products in South Korea; and an exclusive, non-transferable right to market, sell and distribute DSS AuthentiGuard(TM) Products to Samsung and its affiliates anywhere in the world.
As Korea's largest total security provider, the Samsung S1 Corporation offers security solutions in everything from crime to fire prevention to information and communication services. As a leader in the digital era, the Samsung S1 Corporation is focused on smart card, communication security and the mobile security arenas as well, with a special focus on providing a single smart card for a variety of applications, including security card, credit card, transportation card, e-money, medical card and PC security.
Patrick White, Chief Executive Officer and President of Document Security Systems, Inc., stated: "We are very excited and proud of this relationship with Samsung S1 as it confirms the quality and demand for our authentication technologies and products - and builds on our goal of becoming the world's leader in the development and manufacturing of optical deterrent and authentication technologies. This opportunity is significant, given that Samsung S1 has needs for our plastic card and document content software technologies, as well as for our custom paper and secure printing products. As far as what this means in dollars and cents, that will depend on how quickly we can establish the necessary market channel's infrastructure as well as Samsung S1's ability to get the products to market."
Source: http://www.documentsecurity.com/