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October 20, 2008

PRESS RELEASE

priv-ID B.V. (“priv-ID”) and Prime Technology Ventures (“PTV”) announce a successful spin out from Philips

Eindhoven, The Netherlands – today priv-ID, a leading provider of private biometric identity matching solutions, announced the completion of its spin out from Royal Philips Electronics. Prime Technology Ventures, a leading independent pan-European venture capital firm headquartered in The Netherlands, has provided funding for priv-ID through its PTV III fund.

 

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