Titanium Group has signed a contract with Haitong Securities to install its Biometrics Access Control System in Haitong’s newly renovated office in Hong Kong. Haitong is China’s second-largest publicly traded brokerage firm and this is the first facility they have opened outside of China.
Titanium Group Announces Contract With Haitong Securities
SAN JOSE, Calif. — Titanium Group, Ltd , a leading biometric and security solutions provider announced today that it has signed a contract with Haitong Securities Co. Ltd. (“Haitong”). Titanium will install its Biometrics Access Control System in Haitong’s newly renovated office in Hong Kong. Haitong, listed in the Shanghai Stock Exchange, is one of the most reputable full-service securities companies in China.
“This is a very important installation for Titanium,” stated Jason Ma, CEO of Titanium. This is the first facility Haitong has opened outside of China and is a major step towards the expansion of their Qualified Domestic Institutional Investors business (“QDII”), a new business development under which Domestic Institutional Investors authorized by the China government can invest in the overseas capital markets under the foreign exchange control system in China.
“The booming QDII market in Asia is expected to bring a substantial amount of business with heavy physical traffic to Haitong facility in Hong Kong. We are honored to be entrusted with the design and installation of their physical security system utilizing our Biometric Facial Recognition technology,” said Dr. Johnny Ng, Chairman of Titanium. “Together with Penghua Fund Management Co. Ltd., we have now installed our technology in two of the highest profile financial institutions in Mainland China, with this we are in an excellent position to continue our marketing effort in this industry.”
About Haitong Securities
Haitong Securities Co. Ltd., China’s second-largest publicly traded brokerage, has a network of 124 branches and 57 sub-branches covering all major areas in China. The business covers proprietary trading, brokerage, investment management, investment banking, fixed income and research. Haitong now manages over US$2 billion for its clients and is the only domestic securities firm assigned “M2 (China)” by Fitch ratings since 2005. For additional information, please visit http://www.htsec.com.
About Titanium Group
Titanium Group, LTD (http://www.titanium-tech.com), and it’s wholly owned subsidiary Titanium Technology, is a leading biometric and security solutions provider featuring its proprietary and patented automated Face Recognition Systems (AFRS). Titanium’s AFRS products capture human face images electronically, input the facial images into searchable files (faceprint) and, in just seconds, accurately compare the facial images to a database containing millions of faces. These cutting-edge products reduce administration cost, enhance security, and significantly increase overall productivity. Titanium’s products are distributed worldwide, either directly or through resellers or OEM partners, to governments, law enforcement agencies, gaming companies, and other organizations. The Company’s clients include: IBM, Hong Kong Government and the Peoples Bank of China, etc. ![[end]](/resources/bullet/thirdfactor-4.gif)
