EXHIBIT 10.8
TECHNOLOGY RESEARCH AND DEVELOPMENT CONTRACT
Project name: Facial recognition for logical access control
Party A: Titanium Group Ltd Party B: Tsing Hua University (Shenzhen research campus)
Place contract signed: Shenzhen, Guongdong Province
Date signed: 11-4-2005
Effective Date: 11-4-2005 to 11-4-2006
CONTRACT VERIFY BY GOVERNMENT SCIENTIFIC RESEARCH AND DEVELOPMENT DEPARTMENT
Contract is signed mutually by both parties and is compliance with the contract law of the Peoples' Republic of China. Contract will be base on Party B's Set Top Box Technology, since party A is well aware of the back bone of this technology, both parties now agree to do a joint research on Multi-media home intelligence system.
(A) Requirement for technology content
Basic requirement for research of Multi-media home intelligence
system, it can be divided into the following four sections.
(i) Receive digital TV signals
(ii) OSD capable
(iii) PVR capable
(iv) Blue tooth facial recognition capable
For the above content
(i) Party A will bare all research cost (ii) Party B provide technician, and report to party A during the whole
process and testing result (iii) End result should be a developed software for Multi-media home
intelligence system (iv) Both parties promise for more joint venture in the future
(B) Standard for research
(i) Base on IBM power pc405
(ii) Good quality, make sure receiving of sound and picture
quality is good with any interruption
(iii) Base on LINUX system
All research and development work will be done by party B, party A shall corporate. All results shall be tested and verify by an expert in this technology and support party A's operation system, hardware and software.
(C) Target date for finished product
Party B Shall have a finished product to satisfy Party A's requirement
by 11-04-2006.
(D) Research and development cost, compensation and terms of payment
(i) Research and development cost means the cost for the
research and development. Compensation m ...
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