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Latest NIST Test Certifies Identix Fingerprint Algorithm for MINEX;
GSA Approves Identix Biometric Offerings, Opening Door for Identix to
Compete for PIV-Related Purchases From All U.S. Government Agencies
Identix Incorporated (Nasdaq:IDNX) announced today that its
AFIS-Grade fingerprint algorithm matching technology offering,
BioEngine(R) 6, has been confirmed by the latest National Institute of
Standards & Technology (NIST) testing report as meeting or exceeding
all of the qualifications of the Minutiae Interoperability Exchange
Test (MINEX). Identix also announced that its TouchPrint(TM) Enhanced
Definition Series of Live Scan offerings (which includes 13 different
products) and its facial quality assurance software for enrollment
have been approved by the General Services Administration (GSA) for
use within any Personal Identity Verification (PIV) program. The two
certifications allow Identix to compete for federal agency biometric
procurements associated with the implementation of Homeland Security
Presidential Directive 12 (HSPD12), which is expected to be rolled out
across the federal government by October 27 of this year.
Identix President & CEO Dr. Joseph J. Atick commented, "We believe
receiving MINEX certification from NIST for Identix' fingerprint
algorithm and approval from the GSA for our enrollment solutions
comprising of live scan, photo capture and standards formatting and
transmission software, further validates Identix as the world's
leading provider of multi-biometric technology and identity management
solutions. As agencies gear up for PIV-related purchases, they can
rest assured of our commitment to providing a solution that not only
addresses the requirement, but does so in a way that lowers risk and
makes the implementation process easier. We are very excited with this
approval from the GSA as it positions Identix to be able to provide
biometric-based identity management solutions to the federal
Government for this very important program.
HSPD12 and FIPS201 call for all federal government employees and
contractors to undergo a fingerprint background check as a precursor
to being issued an interoperable PIV smart card that would grant
secure access to designated buildings and information technology
infrastructure across the federal government. Analysts estimate that
at least 7 million Federal employees and Contractors will receive a
PIV card.
"Identix already has a very strong presence in the federal space,
with customers including multiple agencies under the Department of
Homeland Security, the Department of State, and many others," Atick
continued. "These certifications from GSA and NIST, combined with our
top tier performance earlier this year in NIST's AFIS matching testing
and our recently introduced live scan product targeted at customers
with dual requirements for slap and roll fingerprinting in a very
small and lightweight form factor (6 inch by 6 inch and less than five
pounds), positions Identix very well to continue to deliver industry
leading products and solutions into the federal government, as well as
into numerous additional markets. We expect the consummation of our
pending merger with Viisage Technology, Inc. (Nasdaq:VISG) to further
enhance this positioning, with the combined company able to offer a
true end to end customer solution: from enrollment, to credentialing,
to verification, as well as ancillary support and services."
Identix, BioEngine and TouchPrint are trademarks or registered
trademarks of Identix Incorporated in the United States and other
countries.
About Identix Incorporated
Identix Incorporated (Nasdaq:IDNX) is the world's leading
multi-biometric technology company. Identix provides fingerprint,
facial and skin biometric technologies, as well as systems, and
critical system components that empower the identification of
individuals in large-scale ID and ID management programs. The
Company's offerings include live scan systems and services for
biometric data capture, mobile systems for on-the-spot ID, and backend
standards-based modules and software components for biometric matching
and data mining. Identix products are used to conduct background
checks, speed travel and commerce via secure identification documents,
prevent identity fraud in large-scale government and civil ID
programs, and control access to secure areas and networks. With a
global network of partners, such as leading system integrators,
defense prime contractors and OEMs, Identix serves a broad range of
markets including government, law enforcement, gaming, finance,
travel, transportation, corporate enterprise and healthcare.
More information on Identix can be accessed via the Company web
site at http://www.identix.com.
Forward-Looking Statements
The statements contained in this release, which are not historical
facts, are forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These statements are based on the Company's
current expectations and beliefs and are subject to a number of risks
and assumptions that could cause actual results to differ materially
from those described in the forward-looking statements. All statements
other than statements of historical fact are statements that could be
deemed forward-looking statements. These statements are subject to
uncertainties that could cause actual results to differ materially
from those set forth in or implied by forward-looking statements.
Risks and uncertainties include, without limitation, those related to:
the availability of funding from government and other customers; the
readiness of customers to accept delivery of products on a timely
basis; the ability of the Company to achieve targeted levels of
hardware, software and related component mix; the ability of the
Company to timely complete a full suite of end to end AFIS
capabilities and successfully compete in that marketplace; the ability
of the Company to win and successfully implement on a growing number
of large scale biometrics programs domestically and internationally;
and increasing levels of competition. In addition, such risks and
uncertainties include, among others, the following risks: that the
merger with Viisage Technology will not close, that the regulatory or
shareholders approval will not be obtained, that the closing will be
delayed, that customers and partners will not react favorably to the
merger, integration risks, the risk that the combined companies may be
unable to achieve cost-cutting synergies, and other risks described in
Identix' and Viisage's Securities and Exchange Commission filings,
including the Registration Statement on Form S-4 to be filed with the
SEC in connection with the transaction, Identix' Annual Report on Form
10-K for the year ended June 30, 2005 and its Quarterly Report on Form
10-Q for the quarter ended September 30, 2005 under the captions "Risk
Factors" and "Management's Discussion and Analysis of Financial
Condition and Results of Operations," and Viisage's Annual Report on
Form 10-K for the year ended December 31, 2004 and its Quarterly
Reports on Form 10-Q for the quarters ended April 3, 2005, July 3,
2005 and October 2, 2005 under the captions "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations." Neither Identix nor Viisage undertake any
obligation to update these forward-looking statements to reflect
events or circumstances after the date of this press release. Given
the expected timeline of the Company's pending merger with Viisage,
the Company does not currently expect to report, as a standalone
company, operating results for its fiscal 2006 fourth quarter.
Accordingly, the Company has not provided any forward looking
financial expectations.
Additional Information and Where to Find It
Investors and security holders of both Identix and Viisage are
advised to read the joint proxy statement/prospectus regarding the
business combination transaction referred to in the material below,
when it becomes available, because it will contain important
information. Identix and Viisage expect to mail a joint proxy
statement/prospectus about the transaction to their respective
stockholders. This joint proxy statement/prospectus will be filed with
the Securities and Exchange Commission by both companies. Investors
and security holders may obtain a free copy of the joint proxy
statement/prospectus and other documents filed by the companies at the
Securities and Exchange Commission's web site at http://www.sec.gov.
The joint proxy statement/prospectus and such other documents may also
be obtained from Identix or Viisage by directing such requests to the
companies.
Participants In Solicitation
Viisage, Identix and their respective directors and executive
officers and other members of management and employees may be deemed
to be participants in the solicitation of proxies in respect of the
merger. Information concerning Viisage's participants is set forth in
the proxy statement dated, November 21, 2005, for Viisage's special
meeting of shareholders held on December 16, 2005 as filed with the
SEC on Schedule 14A. Information concerning Identix' participants is
set forth in the proxy statement, dated October 6, 2005, for Identix'
2005 annual meeting of shareholders as filed with the SEC on Schedule
14A. Additional information regarding the interests of participants of
Viisage and Identix in the solicitation of proxies in respect of the
merger will be included in the registration statement and joint proxy
statement/prospectus to be filed with the SEC.