Cogent Systems Announces New Services Contract from Raytheon for US-VISIT Biometric Identification System Implementation; Total Contract Valued at $20 Million Over 5 Years.SOUTH PASADENA South Pasadena (păs'ədē`nə), city (1990 pop. 23,936), Los Angeles co., S Calif., a residential suburb of Los Angeles; inc. 1888. Medical supplies, clothing, and transportation and electronic equipment are manufactured. , Calif. -- Cogent Systems (Nasdaq:COGT) today announced it has been awarded a new five year $20 million services contract to continue to act as a sub-contractor on the US-VISIT US-VISIT United States Visitor and Immigrant Status Indicator Technology biometric identification Noun 1. biometric identification - the automatic identification of living individuals by using their physiological and behavioral characteristics; "negative identification can only be accomplished through biometric identification"; "if a pin or password is lost or system implementation. Under the subcontract, Cogent will provide project management services, in addition to software development and maintenance related to its Automatic Fingerprint Identification Systems (AFIS AFIS Automated Fingerprint Identification System AFIS Aerodrome Flight Information Service AFIS Armed Forces Radio and Television Service AFIS Airborne Flight Information System AFIS Automated Fingerprinting Identification System (Pakistan) ) solution. Cogent has been providing its AFIS solution and services for the US-VISIT program as well as its predecessor INS INS abbr. 1. Immigration and Naturalization Service 2. International News Service Noun 1. INS programs since 1994. Cogent believes its high level of service during the US-VISIT program's initial deployment resulted in its award of this new contract. On June 1st, 2004, Accenture announced the award of the lead contract for implementation of the US-VISIT program and later in the year, Raytheon was subcontracted to perform specific tasks related to systems engineering and biometrics for the US-VISIT program. The US-VISIT program, launched in January 2004, requires visitors traveling on visa to submit two scanned fingerprints and have a digital photograph taken upon entry to the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . US-VISIT already employs Cogent's AFIS solution at numerous locations to enable real-time authentication of individuals' identities at high traffic areas of U.S. airports, seaports and land ports and U.S. consulates overseas. Raytheon has now subcontracted with Cogent to assist in implementing the fingerprint matching portion of the US-VISIT program. "We are pleased to partner with Raytheon and Accenture to continue providing support and services for the US-VISIT biometric system implementation," commented James Jasinski, Executive Vice President Federal and State Systems. "This contract complements the ongoing product sales related to our AFIS deployment with the Department of Homeland Security Noun 1. Department of Homeland Security - the federal department that administers all matters relating to homeland security Homeland Security executive department - a federal department in the executive branch of the government of the United States for US-VISIT. Our growing involvement with an important federal government program such as US-VISIT is a testament to the strength of our AFIS technology and the high level of service we provide our customers." "Cogent's newest generation of identification technology, the PMA PMA (papillary-marginal-attached), n a system of epidemiologic scoring of periodontal disease devised by Schour and Massler in which the symbols denote the areas involved in gingival inflammation. PMA Progressive muscular atrophy Elite fingerprint matching system, is successfully being deployed as an integral part of the US-VISIT program," continued Mr. Jasinski. "We believe our identification subsystem is the only matching system that provides highly accurate, real-time positive identification using two fingerprints. Fingerprints captured at a point of entry are used by our subsystem to perform an online search against the biometric databases. Ensuring that a traveler's entry processing time is minimized, the matching subsystem was designed to support over 100,000 transactions per day with an 8 second match response time. Operationally the matching is actually being accomplished faster." About Cogent Systems Cogent is a leading provider of Automated Fingerprint Identification Systems, or AFIS, and other fingerprint biometric solutions to governments, law enforcement agencies A law enforcement agency (LEA) is a term used to describe any agency which enforces the law. This may be a local or state police, federal agencies such as the Federal Bureau of Investigation (FBI) or the Drug Enforcement Administration (DEA). 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. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. This press release contains forward-looking statements as of December 3, 2004, including statements regarding Cogent's growing involvement in the US-VISIT program and transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. and response times using Cogent's PMA Elite fingerprint matching system. These statements are based on the current intention, belief and expectation of Cogent, but are subject to risks and uncertainties that could cause actual results to differ materially from those projected in these forward-looking statements. These risks and uncertainties include, among others, risks that Cogent's involvement in the US-VISIT program does not continue to expand, risks that Cogent's PMA Elite fingerprint matching system does not maintain its transaction processing and response times and the other risks discussed under the caption "Risk Factors" in Cogent's Form S-1 and other filings which can be found at www.sec.gov. These statements speak only as of the date of this press release and Cogent does not undertake any obligation to update or revise the statements. |
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