Viisage (NASDAQ:VISG)
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The SecuriMetrics division of Viisage Technology, Inc.
(NASDAQ: VISG) announced today that the Department of Defense (DoD)
placed an order for the HIIDE (Handheld Interagency Identity Detection
Equipment) device that utilizes multi-modal identity enrollment and
recognition technology. Valued in excess of $10 million, this new
order from the DoD represents a major step forward in the adoption of
multi-modal biometric recognition technologies that include iris,
face, and finger.
"This order is a watershed event for the industry and demonstrates
an emerging market for multi-modal biometric recognition products,"
said Bob LaPenta, Chairman of the Board of Viisage and Founder and CEO
of L-1 Investment Partners. "We believe that the ability to offer this
capability, including iris, will be the turning point for the industry
and its adoption of this technology. The devices will be used to aid
the nation in its effort to secure our troops, our borders and our
civilians."
First Hand Held Multi-Modal Identification Device Has Wide Range
of Applications
Layering biometric technologies is quickly becoming the standard
in high security identification scenarios. Introduced in 2005 by
SecuriMetrics, the HIIDE product is the world's first hand-held, full
function, multimodal identification device that uses iris, finger and
facial recognition. The HIIDE product offers the most scalable and
flexible tool today for enrolling, identifying and verifying subjects
using any of the three primary biometrics: iris, finger, face -- all
in a rugged hand held device.
The device is scalable and flexible, operating in extreme and
rugged mobile environments, as well as on a desktop connected to a
host personal computer or network.
The HIIDE device has a wide range of applications in the U.S.
government's support of national security and homeland defense, and in
the civil marketplace, including use by the DoD and other agencies. It
can be used for mobile identification of individuals on the
battlefield, at border checkpoints, in airports, in detention centers,
and for checking individuals against known watch lists.
Through its combined device offerings, SecuriMetrics is a major
provider of mobile iris recognition solutions for DoD needs in Iraq,
Afghanistan and Bosnia. SecuriMetrics has thousands of devices
deployed across the Middle East and other areas of conflict. U.S.
detention centers in Iraq and Afghanistan also use SecuriMetrics'
devices to manage combatant populations.
The HIIDE device is currently being introduced for use by state
and local law enforcement agencies, as well as public and private
correctional facilities for suspect, inmate and visitor
identification, as well as securing facilities.
"SecuriMetrics has worked closely with the Department of Defense
and other government agencies over the past several years in the
development of the HIIDE device," said Greg Peterson, Founder and CEO
of SecuriMetrics, Inc. "This close industry/government collaboration
has resulted in a device uniquely tailored to meet a broad spectrum of
iris and multimodal biometrics needs."
About Viisage Technology, Inc.
Viisage delivers advanced technology identity solutions for
governments, law enforcement agencies and businesses concerned with
enhancing security, reducing identity theft, and protecting personal
privacy. Viisage solutions include secure credentials such as
passports and drivers' licenses, biometric technologies for uniquely
linking individuals to those credentials, and credential
authentication technologies to ensure the documents are valid before
individuals are allowed to cross borders, gain access to finances, or
be granted other privileges. With more than 3,000 installations
worldwide, Viisage's identity solutions stand out as a result of the
company's industry-leading technology and unique understanding of
customer needs. Viisage's product suite includes IdentityTOOLS(TM)
SDK, Viisage PROOF(TM), FaceEXPLORER(R), iA-thenticate(R),
ID-GUARD(R), BorderGuard(R), PIER(TM), HIIDE(TM), AutoTest(TM),
FacePASS(TM) and FaceFINDER(R).
About SecuriMetrics, Inc.
SecuriMetrics, Inc., acquired by Viisage in 2006, provides
biometric security solutions for iris and multi-modal identification
and recognition. Identification using the iris is widely recognized as
the fastest, most accurate and scalable of all biometric technologies.
The Company's proprietary products have achieved significant adoption
by the U.S. Department of Defense (DOD), various U.S. Intelligence
agencies and in the corrections/law enforcement marketplaces.
SecuriMetrics markets hardware, software and professional development
services that enable its customers to create biometric databases and
subsequently identify subjects with extreme speed and accuracy. As of
December 2005, the Company has over 1,800 of its flagship PIER(TM)
devices deployed throughout Iraq, Afghanistan, Pakistan, Cuba, Bosnia
and other areas of conflict. US detention centers in Iraq and
Afghanistan use this device to manage detainees. In addition, the
technology is used to secure physical assets (such as buildings and
bases), provide positive inmate identification and screen for
insurgents against "watch lists."
Forward Looking Statements
This news release contains forward-looking statements that involve
risks and uncertainties. Forward-looking statements in this document
and those made from time to time by Viisage through its senior
management are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements reflect the Company's current views with
respect to the future events or financial performance discussed in
this release, based on management's beliefs and assumptions and
information currently available. When used, the words "believe",
"anticipate", "estimate", "project", "should", "expect", "plan",
"assume" and similar expressions that do not relate solely to
historical matters identify forward-looking statements.
Forward-looking statements concerning future plans or results are
necessarily only estimates and actual results could differ materially
from expectations. Certain factors that could cause or contribute to
such differences include, among other things, the size and timing of
contract awards, performance on contracts, performance of acquired
companies, availability and cost of key components, unanticipated
results from audits of the financial results of the Company and
acquired companies, changing interpretations of generally accepted
accounting principles, outcomes of government reviews, developments
with respect to litigation to which we are a party, potential
fluctuations in quarterly results, dependence on large contracts and a
limited number of customers, lengthy sales and implementation cycles,
market acceptance of new or enhanced products and services,
proprietary technology and changing competitive conditions, system
performance, management of growth, dependence on key personnel,
ability to obtain project financing, general economic and political
conditions and other factors affecting spending by customers, and the
unpredictable nature of working with government agencies. In addition,
such risks and uncertainties include, among others, the following
risks: that requisite Iridian shareholder approval will not be
obtained, or that the pending Iridian acquisition will not close or
otherwise be delayed, that the merger with Identix will not close,
that shareholder 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 Viisage's and Identix' Securities and Exchange Commission
filings, including the Registration Statement on Form S-4 filed with
the SEC in connection with the transaction, Viisage's Annual Report on
Form 10-K for the year ended December 31, 2005 and its Quarterly
Reports on Form 10-Q for the quarters ended March 31, 2006 and June
30, 2006 under the captions "Risk Factors" and "Management's
Discussion and Analysis of Financial Condition and Results of
Operations," and Identix' Annual Report on Form 10-K for the year
ended June 30, 2005 and its Quarterly Reports on Form 10-Q for the
quarters ended September 30, 2005, December 31, 2005 and March 31,
2006 under the captions "Risk Factors" and "Management's Discussion
and Analysis of Financial Condition and Results of Operations."
Viisage expressly disclaims any obligation to update any
forward-looking statements.