Viisage (NASDAQ:VISG)
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Viisage (Nasdaq: VISG) a leading provider of advanced
technology identity solutions, today announced that SERPRO (Servico
Federal de Processamento de Dados) of Brazil has selected Viisage's
iA-thenticate(R) Smart Chip/RFID Electronic Document Reader to ensure
the authenticity and accuracy of information with e-Passports,
e-Visas, driver's licenses and ID cards at all airports, seaports and
land crossing borders throughout the country. The contract, valued at
$1.7 million, marks the first industry deployment of a smart chip
reader and further outlines the option for SERPRO to spend an
additional 25% of the original contract value through the exercise of
add-on technologies.
The systems will be operated by the Department of Federal Police
(Departamento de Policia Federal - DPF). This is the first nation-wide
implementation of an automated RFID document authentication system in
the western hemisphere, and positions Brazil, the fifth most populated
country in the world, as a leader in the use of border security
technology.
The iA-thenticate with smart chip technology helps prevent
identity fraud during border crossing by using the embedded e-passport
smart chip reader, to verify the validity of credentials that are
electronically stored on the e-passport. The product is also used to
validate the authenticity of standard passports that are not RFID chip
enabled. The implementation will be in conjunction with the production
of the new Brazilian passport, which will be issued later in 2006.
With more than 200 units already shipped, full deployment is planned
to be underway by the end of the first quarter; completed deployment
is expected during the second quarter of 2006.
"Viisage is proud that our technology has been selected to aid
Brazil's national police department, securing vital points of entry,"
said Mr. Ron van Os, Chief Product Officer of Viisage. "Law
enforcement agencies around the world rely on verification and
authentication systems from Viisage to increase efficiency and
effectiveness throughout the criminal justice community."
This marks the first industry-focused, global RFID border
implementation following the mandate by the International Standards
Association and the United States. Cross border travel is on the rise
as identity documents such as passports, visas, driver's licenses, and
smart cards are being used to cross borders at land, air and sea ports
around the world. Governments are facing an increasing challenge of
monitoring the integrity of these credentials presented during entry,
stay, and exit points to ensure proper authentication of travelers and
employees. Officials rely on border management processes and
technologies to assure national security and public safety. Viisage
has more than 3,000 product installations that are protecting borders
and preventing identity fraud in over 17 countries.
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, 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
filed (of February 14, 2006) with the SEC in connection with the
transaction, 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." Viisage expressly
disclaims any obligation to update any forward-looking statements.