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Curtiss-Wright Corporation Signs Exclusive Agreement With Viisage Technology to Market Its Face-Recognition Technology.


Business/Technology Editors

LITTLETON, Mass.--(BUSINESS WIRE)--March 25, 2002

Alliance Expands Security Solution Offerings to the Power Plant

and Pipeline Industries

Viisage Technology, Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:VISG VISG Visually Impaired Support Group ), the leader in face-recognition technology and identification systems and solutions, announced today that the company has signed an exclusive licensing agreement with Curtiss-Wright Corporation (NYSE NYSE

See: New York Stock Exchange
: CW; CW.B), based in Lyndhurst, NJ, to market and sell Viisage's face recognition solutions for surveillance and access control applications to the power plant and pipeline industries worldwide.

An established global leader in these industries, Curtiss-Wright plans to offer Viisage's face recognition products as an integral component of an overall security systems offering that it will furnish to its customers at nuclear power plants and petrochemical facilities around the world.

"This exclusive agreement allows us to further develop our relationship with Curtiss-Wright. Furthermore, it confirms that a global leader like Curtiss-Wright recognizes the importance of integrating biometrics, specifically our face-recognition technology, into the overall security systems they will provide to their customers to help protect against any potential security threats," states Tom Colatosti, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  and President of Viisage Technology. "Together, we are committed to providing the most effective solutions to enhance security."

Martin R. Benante, Chairman and CEO of Curtiss-Wright Corporation, "Today, there are Curtiss-Wright products and personnel in every nuclear power plant around the world. Our products are also in petro-chemical plants and fossil fuel fossil fuel: see energy, sources of; fuel.
fossil fuel

Any of a class of materials of biologic origin occurring within the Earth's crust that can be used as a source of energy. Fossil fuels include coal, petroleum, and natural gas.
 power generation plants. This alliance joins two industry forces, allowing us to expand our role in offering complete security solutions to our customers.

About Curtiss-Wright

Curtiss-Wright Corporation is a diversified company diversified company

A company engaged in varied business operations not directly related to one another. A diversified company is less likely to suffer either a collapse or a spectacular gain in earnings compared with a firm concentrating its operations in a
 headquartered in Lyndhurst, New Jersey Lyndhurst is a township in Bergen County, New Jersey, United States. As of the United States 2000 Census, the township population was 19,383.

Lyndhurst was originally formed as Union Township on February 19, 1852 from portions of Harrison Township.
. The Company designs, manufactures and overhauls products for motion control and flow control applications and additionally is a provider of metal treatment services. The firm employs approximately 2,600 people. More information on Curtiss-Wright can be found on the Internet at www.curtisswright.com .

About Viisage Technology

Viisage Technology is the world leader in biometric face-recognition technology and identification systems and solutions that enhance consumer convenience, improve security and protect personal privacy. Originally developed at MIT MIT - Massachusetts Institute of Technology , Viisage's patented, accurate, non-intrusive and cost-effective face-recognition technology is widely acknowledged for its unmatched performance including speed in real-time applications, scalability for managing large image databases, and systems integration for complete customer solutions.

Viisage delivers annually through 1,500 U.S. systems in 1,200 locations in 15 states, more than 25 million high-quality and high-security digital-identification documents for government agencies responsible for issuing drivers' licenses, social services social services
Noun, pl

welfare services provided by local authorities or a state agency for people with particular social needs

social services nplservicios mpl sociales 
 cards and law enforcement credentials.

Viisage provides a full family of face recognition products. FaceEXPLORER(TM) is a powerful and scalable image retrieval An image retrieval system is a computer system for browsing, searching and retrieving images from a large database of digital images. Most traditional and common methods of image retrieval utilize some method of adding metadata such as captioning, keywords, or descriptions to the  and analysis database product, used to combat identity fraud - it is implemented in the world's largest face recognition system with more than 8 million enrolled images. FaceFINDER(TM), acclaimed for its processing speed See MHz. , is the industry's most widely implemented surveillance and identification system - it is installed in more than 100 casinos worldwide and has been deployed to improve security at premier sporting events. FacePASS(TM) (for PC, Mobile, & Internet) provides secure authentication for PC, Internet and e-commerce connections. FacePIN(TM) offers consumers convenient and private verification for point-of-sale transactions such as ATMs. FacePASS(TM) (keyless entry/physical access) is a practical security solution for keyless entry to secure facilities, such as offices, dormitories and government facilities. FaceTOOLS(TM) is a leadership Software Developers Kit that enables application providers the ability to develop and customize unique customer and market applications.

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 the Company through its senior management are made pursuant to the 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.
 provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. 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, potential fluctuations in quarterly results, the size and timing of award and performance on contracts, dependence on large contracts and a limited number of customers, lengthy sales and implementation cycles, changes in management estimates incident to accounting for contracts, availability and cost of key components, 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 Project financing

A form of asset-based financing in which a firm finances a discrete set of assets on a stand-alone basis.
, general economic and political conditions and other factors affecting spending by customers and other risks, uncertainties and factors including those described from time to time in the company's filings with the Securities and Exchange Commission, including without limitation, the company's Form 10K for the year ending December 31, 2000 and its quarterly reports on Form 10Q.
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Mar 25, 2002
Words:781
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