Viisage (NASDAQ:VISG)
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Viisage (Nasdaq: VISG) today announced that the Ministry
of Justice and Ecclesiastical Affairs of Iceland has selected Viisage
identity solutions to gather the multi-biometric data required to
issue new electronic passports for its citizens. Iceland is one of the
first countries to integrate finger and face biometrics into their
ePassports, made possible with identity technology from Viisage. The
company's technology will be used to gather ICAO/ISO-compliant
biometric data (face, fingerprint, and signature) on Iceland citizens
applying for electronic passports at all civil registration offices
throughout the country.
"Iceland is taking a holistic view in adopting biometric
technology to manage the identity of its citizens," said Thorsteinn
Helgi Steinarsson of Asverk Consulting, consultant to the Ministry of
Justice and Ecclesiastical Affairs in Iceland. "Our aim is to provide
added level of service and security in the whole sphere of identity
verification, starting at the enrollment site and with biometric
passports. Viisage enrollment systems provide one of the basic
foundations on which we build our solutions."
Iceland is one of the first countries in Europe to gather live
biometric data, instead of paper-based images. This ensures higher
quality and consistency of the information to be stored on the
passport chip and offers the most accurate level of verification and
validation of a personal identity in border crossing scenarios.
Viisage will provide all Icelandic civil registration offices with
a comprehensive, front-end data registration solution that includes
hardware and software. In addition, the Viisage ISO ImageCAM camera
sensors are specifically designed for ISO-compliant data capturing and
image quality checks.
"More and more domestic and international governments and agencies
are embracing biometric technologies as a means to better secure and
protect the identities of their citizens and to better manage their
borders," said Hartmuth von Maltzahn, managing director of EMEA,
Viisage. "Viisage technology is behind more than 165 million secure
identification credentials worldwide today and we see this number
growing exponentially as governments seek improved methods for
verifying and validating identities."
The new system is expected to go live in Iceland in May 2006.
About Viisage
Viisage (NASDAQ: VISG) 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 granted other privileges. With over 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).
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, in particular, 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 the merger with Identix will not
close, that the regulatory or 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 to be filed with the SEC in
connection with the transaction, Viisage's Annual Report on Form 10-K
for the year ended December 31, 2005 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 Report on Form 10-Q for
the quarters ended September 30, 2005 and December 31, 2005 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.