Document Security Systems, Inc. Showcases its Digital Smart Card Platform at connect:ID Expo
March 09 2020 - 8:00AM
Document Security Systems, Inc. (DSS) (NYSE American: DSS), a
leader in anti-counterfeit, authentication and diversion protection
technologies, today announced that its
Digital Smart Card -- or Digital ID -- platform serving the
Government and Identification marketplace, will be introduced at
the connect:ID Expo in Washington, D.C. on March 11 and 12,
2020. DSS will demonstrate its next-generation identity
solution and highlight how disruptive technology and policy
decisions are driving much-needed change. According to Biometric
Update the Digital ID marketplace is expected to reach $15 billion
by 2025. Jaeson Caulley, vice president of DSS Plastics group
noted, “DSS’s Digital Smart Card platform is the only total ID
solution that associates the physical card to the digital card.
This allows government institutions to take a phased approach
rather than to ‘go digital’ overnight, which will help to ease the
transition for card holders.”
Jason Grady, DSS’s Chief Operating Officer, added, “We continue
to lead the way in industry security technologies and are very
proud to now launch into the Digital ID marketplace. We continue to
listen to our customers and strive to bring innovative solutions to
the marketplace. Combining first of its kind security print
technologies with our Authentication, Augmented Reality Smart Phone
technologies directly answers our customer’s needs.”
The Document Security Alliance (DSA)
(https://www.documentsecurityalliance.org/) is an alliance of
government, industry and academia dedicated to securing the
production, issuance, and authentication of identity, credentials,
and currency to help combat fraud and other criminal acts by
drawing upon the knowledge and technical disciplines of its
members. A strategic partner of connect:ID, DSA’s efforts are
focused on increasing awareness of the problems associated with
counterfeiting and identity theft. DSA serves as a resource for
public and private organizations that are seeking to build their
understanding of existing and emerging solutions. DSS has been a
proud member of the DSA for more than 10 years and participates in
the connect:ID Expo to showcase next-generation identity solutions
and highlight how disruptive technology and policy decisions are
driving much needed change.
The connect:ID Expo is an innovative international conference
and exhibition focused on identity technologies and their
management in both the physical and digital worlds.
About Document Security Systems, Inc. (DSS)
For over 15 years, DSS has protected corporations, financial
institutions, and governments from sophisticated and costly fraud.
DSS' innovative anti-counterfeit, authentication, and brand
protection solutions are deployed to prevent attacks which threaten
products, digital presence, financial instruments, and
identification. AuthentiGuard®, the company's flagship product,
provides authentication capability through a smartphone application
so businesses can empower a wide range of employees, supply chain
personnel, and consumers to track their brands and verify
authenticity. For more information on DSS visit
http://www.dsssecure.com.
Investor Contact:
Bret Shapiro CoreIR (516) 222-2560 ir@dsssecure.com
Safe Harbor Disclosure
This press release contains forward-looking statements that are
made pursuant to the safe harbor provisions within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements include, but are not limited to,
statements related to the Company's ability to complete the
financing, its intended use of proceeds and other statements that
are not historical facts. Forward-looking statements are based on
management’s current expectations and are subject to risks and
uncertainties that may cause actual results or events to differ
materially from those projected. These risks and uncertainties,
many of which are beyond our control, include: the risk that the
public offering of common stock may not close; risks relating to
our growth strategy; our ability to obtain, perform under and
maintain financing and strategic agreements and relationships;
risks relating to the results of development activities; our
ability to attract, integrate and retain key personnel; our need
for substantial additional funds; patent and intellectual property
matters; competition; as well as other risks described in the
section entitled “Risk Factors” in the prospectus and in the
section entitled “Risk Factors” and elsewhere in our Annual Report
on Form 10-K filed with the SEC on March 15, 2019 and in our other
filings with the SEC, including, without limitation, our reports on
Forms 8-K and 10-Q, all of which can be obtained on the SEC website
at www.sec.gov. Readers are cautioned not to place undue reliance
on the forward-looking statements, which speak only as of the date
on which they are made and reflect management’s current estimates,
projections, expectations and beliefs. We expressly disclaim any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in our expectations or any changes in events,
conditions or circumstances on which any such statement is based,
except as required by law.
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