CLEVELAND, Jan. 8, 2007 (PRIME NEWSWIRE) -- Sentex Sensing Technologies, Inc. (OTCBB:SNTX) (http://www.sentextech.com), Henrik Rubinstein, President, and Bob Kendall, Chairman and Treasurer of Sentex Sensing Technologies, Inc., stated today they are making an offer to purchase BenQ Mobile GmbH & Co. OHG, Market Brand "BenQ-Siemens."
The previous Siemens Mobile Division filed insolvency and is under the administration of Prager Insolvency Administration Team Munich.
Sentex stated their interest is based on the strong technology of the previous Siemens R&D as well the market access in Europe which produced more than 20 million high end mobile phones in the past year to consumers. Some joint developments on the Sentex Biometric product line brought the business line to the table.
Sentex is in discussions with several financial institutions for the strategic financing for the deal to succeed.
The administrative team of BenQ Mobile was very helpful in the due diligence process and created with Sentex a strong business model based on the previous $2 billion revenue from BenQ Mobile GmbH.
About Sentex Sensing Technologies, Inc.
Sentex Sensing Technologies, Inc. is a multimodal biometric technology company. Sentex provides fingerprint, facial and voice biometric technologies, as well as systems, and critical system components that empower the identification of individuals in large-scale ID and ID management programs.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Sentex, and members of its management as well as the assumptions on which such statements are based. update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.