BILLERICA, Mass.--(BUSINESS WIRE)--Dec. 20, 2005--Viisage (NASDAQ: VISGD), a leading provider of advanced technology identity solutions, announced today that TSWG has awarded the company a contract for $729,000 to continue research and development efforts to build on the company's leading face recognition technology for terrorist watchlist applications. Using Viisage's technology, TSWG provides face recognition solutions to several U.S. Department of Defense (DOD) agencies for use in vetting a person's identity, monitoring terrorist watchlists, and conducting investigations.
Viisage has worked with TSWG on research and development of leading identity solutions since 1998. This latest effort focuses on counter-terrorism efforts and advancing the capabilities of face recognition technology in areas such as 3D modeling.
David Herrington, program manager, Technical Support Working Group, commented, "Over the past several years, Viisage has provided the needed technology and services to help us advance identity solutions used to combat terrorism around the world. We are pleased to continue our work with Viisage."
"The advancement of our leading face recognition technology is an important element in an end-to-end identity solution and we are delighted that the DOD has selected Viisage as a partner in this effort," said Bernard Bailey, president and CEO of Viisage.
About Viisage
Viisage (NASDAQ: VISGD) 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 FaceTOOLS(R) SDK, Viisage PROOF(TM), FaceEXPLORER(R), Viisage iA-thenticate(R), BorderGuard(R), IdentityTOOLS(TM), IdentityEXPLORER(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, the unpredictable nature of working with government agencies and other risks, uncertainties and factors including those described from time to time in Viisage's filings with the Securities and Exchange Commission, including without limitation, Viisage's Form 10-K for the year ended December 31, 2004 and its quarterly reports on Form 10-Q. Viisage expressly disclaims any obligation to update any forward-looking statements.
CONTACT: Viisage Chad Crouch, 703-414-5474 [email protected] KEYWORD: MASSACHUSETTSINDUSTRY KEYWORD: NETWORKING INTERNET E-COMMERCE LEGAL/LAW HARDWARE SOFTWARE GOVERNMENTSOURCE: Viisage
