Cogent Acquires Intellectual Property Assets of Kinetic Sciences.

SOUTH PASADENA, Calif. -- Cogent Systems (Nasdaq:COGT) announced today it has acquired the assets of Kinetic Sciences Inc. for $750,000. Kinetic Sciences is a Vancouver, British Columbia based developer of fingerprint sensor and identification solutions. The acquisition included the acquisition of three issued U.S. Patents, including U.S. Patent Number 6,002,815, "Linear Sensor Imaging Method and Apparatus," as well as corresponding international patents and patent applications.

Since 1997, Kinetic Sciences has built intellectual property and a patent portfolio focused on low profile optical sensors and image reconstruction technology, both of which are critical enablers in the expanding commercial market for biometrics. Their technology allows for high resolution images which give high accuracy and reliability for children and women with smaller print sizes.

"We are pleased to have completed the acquisition of KSI's assets," commented Ming Hsieh, Chief Executive Officer of Cogent. "We believe that a critical part of the growth of the commercial biometrics market is the availability of high resolution, low profile, low cost sensor technology. This acquisition provides Cogent with important additions to its intellectual property portfolio that we believe can strengthen our competitive position in the commercial biometrics market."

About Cogent

Cogent is a leading provider of Automated Fingerprint Identification Systems, or AFIS, and other fingerprint biometric solutions to governments, law enforcement agencies and other organizations worldwide. Cogent's AFIS solutions enable customers to capture fingerprint images electronically, encode fingerprints into searchable files and accurately compare a set of fingerprints to a database containing potentially millions of fingerprints in seconds.

Forward-Looking Statements 

This press release contains, in addition to historical information, forward-looking statements. Such statements are based on management's current estimates and expectations and are subject to a number of uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Cogent is providing this information as of the date of this press release, and expressly disclaims any duty to update information contained in this press release.

Forward-looking statements in this press release include, without limitation, express and implied statements regarding Cogent's products and intellectual property. These forward-looking statements involve risks and uncertainties which could cause actual results to differ materially from those expressed or implied here. Readers are referred to Cogent's reports and other documents filed with the Securities and Exchange Commission which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including but not limited to: changes in government policies; deriving a significant portion of revenues from a limited number of customers; deriving a significant portion of revenues from the sale of solutions pursuant to government contracts; failure of the biometrics market to experience significant growth; failure of Cogent's products to achieve broad acceptance; failure to successfully compete; failure to comply with government regulations; negative publicity and/or loss of clients due to security breaches resulting in the disclosure of confidential information; loss of export licenses or changes in export laws; failure to manage projects; rapid technology change in the biometrics market; loss of a key member of management team; termination of backlog orders; loss of limited source suppliers; negative audits by government agencies; failure to protect intellectual property; and exposure to intellectual property and product liability claims. The information contained in this press release is a statement of Cogent's present intention, belief or expectation and is based upon, among other things, existing industry conditions, market conditions, the economy in general and Cogent's assumptions. Cogent may change its intention, belief or expectation, at any time and without notice, based upon any changes in such factors, in its assumptions or otherwise. Cogent undertakes no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.