Tel Aviv, Israel , March 22, 2007
Beepcard, Inc., the world's leading innovator in the fields of self-powered bank cards and acoustic token authentication, today announced its closing of a new round of financing by a leading strategic investor in the field of social networking and online consumer services. Beepcard's Coolcard manufacturing technology along with its ComDot multi-server one time password acoustic token server, form an industry acclaimed, highly compatible end-to-end security system, affording Smart card level authentication with no need for special smart card infrastructure. As the world innovator in the field, Beepcard holds seminal patents worldwide regarding this class of service. This strategic financing round, according to investor and Beepcard officials, is designed to propel Beepcard from its long-held position as thought leader, into a position as market leader for low-cost, highly advanced card-based, readerless authentication and entertainment systems. The expansion plan also envisions completing final testing and launch of Beepcard's next generation of ComTalk -- a credit card that interprets and processes human spoken commands, for authentication, and entertainment purposes. Major television and mass media has followed ComTalk development in recent years, creating large pent-up demand for this revolutionary new class of products.
"After years of innovation and hard work, all of us at Beepcard are incredibly excited to now bring the fruits of our labor to the world. With upgrades in bank security regulations, and the rise of ubiquitous computing, we see that the world is now ready for the reader-free authentication, and speech-driven microcomputer technologies that we have worked so long to perfect" , say Mr. Moshe Cohen , CEO , Beepcard Inc.
About Beepcard. Founded in 2002, based in Tel Aviv with offices in Los Angeles, Beepcard is the world's leading innovator in the fields of acoustic one-time-password authentication, end-to-end manufacturing and security systems for self-powered bank cards, and tiny human speech driven computer systems.