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 Equitilink.com - Spotlight Of The Month - Titanium Group, Ltd. - OTCBB: TTNUF


Business Summary -

Titanium Group, Ltd. (TTNUF.OB) is a leading provider of Automated Face Recognition Systems, or AFRS and other security solutions to governments, law enforcement agencies, gaming companies, banking and finance institutes, and other major corporations in various sectors worldwide. TIG’S products enable customers to capture human face images electronically, encode facial image into searchable files (face print) and accurately compare a set of faces to a database containing potentially millions of faces in seconds with industry-leading accuracy.

In 2001, Titanium Technology Ltd., was founded, during the following 5 years TIG researched and developed Face Biometrics Technologies that incorporate advanced concepts in neural networks, artificial intelligence, image processing, pattern recognition, data mining and massively parallel computing. TIG’s proprietary mathematical algorithms, together with optimized hardware peripheral, enable customers to cost-effectively achieve industry-leading accuracy rates and performance in identification verification. In the past 18 months TIG’s has commenced comprehensive marketing of its products, based in Hong Kong with research & development facilities located in China, and a sales representative office in the United States. Distribution networks in Mainland China, Australia, Malaysia and Japan have also been recently established.

The current global market for Bio Metrics Technology is approximately $1 billion, but is expected to grow to approximately $7 billion by year 2008. In April 2005, TIG achieved a major breakthrough in its technology in developing the “newest facial recognition engine” that achieves a false acceptance rate of less than 0.001%, and a verification rate of over 99.9%. The most notable strength of this technology is its ability to be utilized in a one-to-many application as well as its ability to be deployed in all indoor and outdoor lighting conditions.

 
Products -

Ti-Face. This is the core face recognition engine, it utilizes proprietary algorithms invented to utilize specific features of a face. This technology is capable of selecting intelligently specific areas of the face used as distinguishable features for recognition with outstanding processing speed.
Ti-Face SDK 3.0 for Windows. Features include face detection, high speed face tracking, matching and authentication, motion detection or changes in a scene, extracting imagery from a video or live-stream comparing and matching images.

ProFacer. This is an active, real-time, intelligent surveillance technology for today’s passive CCTV systems. It overcomes human inability to recognize large numbers of unfamiliar faces and distraction in control room environments. Visual and audible alert signals capture the operator’s attention when a high confidence match is detected.

ProAccess FaceOK. This is a biometric logical access control system. Features include: “Audit Trail” captures all unauthorized login attempts with images. “Face Learning” allows the computer to learn the latest face, natural facial progression does not compromise system accuracy. “Active Monitoring” monitors the environment actively, the system will lock-out itself when the authorized user is not detected.

ProAccess FaceGuard. This is a biometric physical access control system which identifies individual’s facial characteristics. This physical entry enable keyless entry based not on what the entrant has or knows, but who that individual is.

ProAccess FaceAttend. This product is used primarily to monitor time and attendance of a company’s employees. In addition to security features, the information created can be used for wages and salaries according to the employees worked hours.

ProAccess FaceMobile. This product is a mobile computing market security solution. This technology uses camera equipped in the mobile phone to perform the logon process and use mobile-commerce in the next generation of the phone.
 
List of Current Customers -

ESPN, NTT Neomeito, Peoples’ Bank of China (GuangXi), China Border Control (Shenzhen Lowu), China Jiuzhai, Macau Elixir Group, MTR Corporation, HK Department of Health, HK Government Laboratory, HK Academy of Medicine, HK Vocational Training Council, to list a few.
 
Company Highlights and Milestones -

- Management together possesses a long track record of operations in the industry. Previously 4 members of mgt, founded, and developed a similar successful technology company which was sold.

- Company’s business sector is in “one of hottest sectors on Wall Street”, Bio Metrics technology for use in “Homeland Security”.

- Company completed a sale of its security’s in private placement, preceding a recent formal S-1 registration of the Company with the SEC.

- Company has completed R&D with initial products marketed and being well received in commercial and government markets.

- Company is profitable, with excellent operating margins.

- Company’s core technology is being tested for use with third party technology, which may accelerate and expand markets and revenues.

- Substantial barriers to entry for new competitors.

- Company owns its proprietary technology and also patented technology.

- Products being marketed and used in 4 different county’s government and commercial sectors. 

- Company has recently transitioned from an R&D phase to commercialization and sales of its products.

- Growth potential is relatively unlimited. Investors have an opportunity to “get-in” on the ground floor of the development and growth of this company and its products. 

 
News Timeline -

31.08.2005 Titanium to Present at APEC SME Business Forum 2005 in Deagu, Korea.

 

17.07.2005 Titanium Chairman Dr. Johnny Ng to Appear on 17 July of RTHK's '' Effective Executives'' (Chinese)

 

18.04.2005 Titanium awarded funding from Hong Kong Government for HK$1.44mln to develop ProActive Surveillance System and Infrastructure

 

10.12.2004 Titanium was presented the Merit Award in Security category with its cutting-edge face recognition product in APICT 2004

 

27.08.2004 Titanium's face recognition product won the IT-Excellence Award (Bronze) from Hong Kong Computer Society.

 

30.07.2004 Titanium was granted research and development funding (IPDAS) from the Hong Kong Government

 

29.06.2004 Titanium's face recognition technology was selected to provide biometrics surveillance solution to banking industry in GuangXi (China)

 

01.05.2004 Titanium and SONY signed MOU on joint promotion of face recognition solution

 

16.04.2004 Titanium's FaceOK technology was tested and certified in the newly launched Intel IA laboratory in Shanghai

 

13.04.2004 Titanium exhibited in ICT Expo with Symantec in Hong Kong

 

20.02.2004 Titanium celebrated its success in Year 2003 in the Annual Dinner

 

02.01.2004 Titanium secured contract with Department of Health, HKSAR Government about the provision of face recognition technology.

 

28.11.2003 Press Release: The First Local Technology Company Named as "Best of COMDEX" Finalist

 

19.11.2003 ProAccess FaceOK is selected as the finalist in the Security Infrastructure Category of "Best of COMDEX Las Vegas 2003 Award"

 

27.10.2003 Titanium is awarded Certificate of Merit in "2003 Hong Kong Awards For Industry" in Technological Achievement Category

 

12.10.2003 Titanium participates in China Hi-Tech Fair 2003, Shenzhen

 

05.08.2003 Titanium Launches ProAccess FaceOK.

 

19.07.2003 Dr. Johnny Ng, CEO of Titanium Technology Ltd., is awarded "Innovative Enterpreneur of the Year 2003" by City Junior Chamber.

 

17.07.2003 Titanium wins HK Government contract in providing security services.

 

16.07.2003 Titanium reveals total biometric security solution in eGovernment Summit with Computer Associates.

 

10.07.2003 Titanium displays Face Recognition products in Tech Centre, HKSTP .

 

09.07.2003 Titanium offers all incubatees in HKSTP a series of information security products and solutions at discounted price.

 

05.07.2003 Titanium introduces Face Recognition technology in Macau

 

01.03.2003 HKSAR Government Selects Titanium as Supplier (Cat C) to PC/LAN Bulk Tender.

 

19.02.2003 Titanium demonstrates ProAccess in HK Information Infrastructure Expo 2003.

 

01.01.2003 Titanium is awarded with SERAP Fund from ITC of HKSAR Government.
 

 
Management Team

Dr. Johnny Ng, Chairman

Dr. Ng is the Chairman of Titanium Technology responsible for determining corporate vision. He attained post-doctor in Tsinghua University, Beijing and Doctor of Philosophy degree from the Hong Kong Polytechnic University in 2002. Currently, Dr. Ng is the Adjunct Associate Professor of The Hong Kong Polytechnic University. He is a member of Changchun Municipal People's Political Consultative Committee, All China Youth Federation, and China's Entrepreneur Association. He was also the committee member of Hong Kong Trade Development Council, Media and Communication Committee in 2002. He was awarded "Ten Outstanding Young Digi Person" in 2000, "Innovative Entreprenuer of Year 2003", and “Top 100 Cosmopolitan Chinese Confucian Businessman in 2004”. He is a highly sought after speaker at high level industry conferences and a frequent commentator in the media.

Mr. Jason Ma, Chief Executive Officer

Mr. Ma is the Chief Executive Officer of Titanium Technology responsible for formulating business strategies, overseeing the entire business operation, establishing and executing global alliances, mergers & acquisition for the Group. Mr. Ma was born and raised in Hong Kong and went to the United States for his university education, where he received a BSc degree in Engineering and computer science from the University of California at Berkeley, and an MBA degree from the University of Southern California’s Marshall School of Business. During his stays in the United States he had worked for different companies in the fields of computer science and marketing. Mr. Ma returned Hong Kong in 1998 and has since been involved in various IT related endeavors. Before joining Titanium in 2004, he has worked as a consultant for the implementation of an ERP system for a multi-national manufacturing firm, and an analyst for a local venture capitalist on evaluation of IT-related investment opportunities.

Dr. Jing Li, Corporate VP and President of China

Dr. Jing Li is the doctor of Venture Capital who has engaged in the field of research and high-tech venture capital practice over six years. Dr. Jing Li is the significance for the various social groups member, such as The eighth committeeman of the All-China Youth Federation; The ninth Under-Secretary-General of Chinese Young Entrepreneurs' Association; The seconded committeeman of Central State Organs ACYF; Member of China Democracy Construction. She has presented conferences of international and domestic venture capital investors and entrepreneurs for several time, while in 2002 on behalf of the China attending Asia-Europe Youth Leaders Forum.

Mr. Humphrey Cheung, Chief Technology Officer and Director

Mr. Cheung has been the Chief Technology Officer of Titanium Technology since July 2001. He has BEng in Electronic Engineering from The Chinese University of Hong Kong and M.Phil in Manufacturing Engineering from The Hong Kong Polytechnic University. Mr. Cheung is responsible for overseeing the technical development of all product lines as well as the integration of the technologies into product, systems and platforms into deliverables that will best serve market demands. Prior to founding Titanium Technology, Mr. Cheung worked at the Computer Graphics Laboratory for the Hong Kong Polytechnic University as a research associate. He was also a co-founder of 303 Company Limited with Dr. Johnny Ng and Mr. Billy Tang. He has published several papers in the fields of computer graphics, solid modeling, biometrics, and pattern recognition.

Mr. Billy Tang, Chief Operation Officer and Director

Mr. Tang has been the Chief Operation Officer of Titanium Technology since July 2001 and is responsible for its management and overall operation. He holds Bachelor’s degree in Mathematics from the Hong Kong University of Science and Technology. Under his leadership, Titanium Technology has experienced tremendous growth and has increased its employee base to over 30 employees worldwide in just over a year. Prior to co-founding Titanium Technology, he was also a co-founder of 303 Company Limited with Dr. Johnny Ng and Mr. Humphrey Cheung. Mr. Tang previously was an instrumental member of the research team in the department of Industrial and Systems Engineering of the Hong Kong Polytechnic University, where he focused on the research of virtual reality technology. He also held senior position in one of the largest Internet Service Provider in Hong Kong.

Mr. Eric Wong

Eric Wong, has over 25 years experience in areas of production development, sales and marketing in South East Asia and Europe, handling multi-million dollars turnover operations. He has proven track record in initiating and founding regional sales offices and production plants in China and throughout South East Asia. Mr. Wong was born in Hong Kong and experienced the tremendous developments of China in the past few decades. He used this experience to build up an exceptional strong network in China. Mr. Wong is the classic example of free entrepreneurship. He has a keen sense and instinct for business opportunities and investments. He has successfully penetrated various business sectors through start-ups, mergers and joint ventures. Unlike others, Mr. Wong knows how to create a trusting atmosphere, the cradle of every business deal. Today his businesses involve in trading, manufacturing, IT and software development, printing and packaging industry, restaurant and catering business and not in the least international business consultancy. Eric’s extensive business background, entrepreneurial spirit and energy, social skills and organizational proficiency pave the way to mutual success when engage in partnership and make him the driving force of his enterprise.

Mr. Patrick Lo

Mr. Lo manages Titanium Technology's business development. He explores new market segment for the fast growing technology of Titanium and some of its strategic partners. He is taking a leading role in business development and operation of security product, solution and managed security services in Titanium Technology. Before joining Titanium Technology, Patrick was the one of founding members of the biggest hacking prevention solution and information security consulting firm in China. He was responsible for sales operations for Hong Kong and China including enterprise, channel, professional services, engineering and service provider markets. Patrick has been focusing on the security industry for the last 10 years. He had worked in Cable & Wireless regional network, big 4 consulting firm and other listed company. He has delivered speech in different professional events, e.g. China Information Technology Forum 2002 (CITF 2002) in Macau organized by computer society from China, Hong Kong, Taiwan and Macau . Mr. Lo holds a BEng degree in Information Engineering from the Chinese University of Hong Kong.

 
Company and Stock Related Information -

Company Information:
4/F BOCG Insurance Tower
134-136 Des Voeux Road
Central Hong Kong
P: (852) 3427 3177

W: www.titanium-tech.com

 

Investor Relations Contact:

The Cervelle Group
David Donlin

P: (407) 475-9966

W: www.thecervellegroup.com

 

Transfer Agent:
Computershare Trust Company Inc.

Golden, CO 80401


Share Information:
Total Issued: 50,000,000
Est. Float: 9,956,000
Mgt. & Insiders: 40,044,000
Fully Diluted: 53,000,000

Trading Information:
Listed On: OTCBB
Industry: Biometrics

           
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