Identix Receives Follow-up Orders from U.S. Department of State for ABIS Facial Recognition Knowledge Discovery System and Related Biometric Technology; Orders Valued at Approximately $4,000,000.MINNETONKA, Minn. -- Identix Incorporated (Nasdaq:IDNX IDNX Integrated Digital Network Exchange IDNX Integrated Data Network Exchange ) announced today that it has received orders valued at approximately $4 million from the U.S. Department of State (DoS) to supply and integrate additional biometric knowledge discovery engines (ABIS ABIS Automated Biometric Identification System ABIS Andean Botanical Information System ABIS Advanced Battlespace Information System ABIS Asociación Boliviana de Ingeniería Sanitaria y Ambiental ABIS Amputee Body Image Scale ABIS Advanced Battlefield Information System (TM)) into DoS' recently launched visa processing programs. These orders, which include the exercise of the first option year of the initial contract to Identix, are part of DoS's mandate to augment its automated fraud-detection assistance capabilities through the use of facial recognition Noun 1. facial recognition - biometric identification by scanning a person's face and matching it against a library of known faces; "they used face recognition to spot known terrorists" automatic face recognition, face recognition to screen for duplicates, aliases and for faces on a watch list prior to issuance of a visa. With more than 45 million facial images enrolled to-date, it is believed that DoS is currently operating the world's largest facial recognition identity management program. In September 2004, Identix was selected after a competitive bidding Competitive bidding A securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell. competitive bidding 1. process and detailed technical evaluation The study and investigations by a developing agency to determine the technical suitability of material, equipment, or a system for use in the Military Services. See also operational evaluation. as the sole recipient of the DoS's Facial Recognition System A facial recognition system is a computer application for automatically identifying or verifying a person from a digital image or a video frame from a video source. One of the ways to do this is by comparing selected facial features from the image and a facial database. and Integration Support contract. Identix expects to recognize the majority of the revenue from these orders over the next 12 months. In the first six months of the original terms of the contract, Identix deployed three fully operational systems in support of the Visa Office, including an ABIS system with more than 40 million enrolled images and the e-Diversity Visa system. Within the first few weeks of operation of the e-Diversity Visa system, DOS credited Identix' ABIS with helping to identify more than 5,000 individuals attempting to enter the U.S. under fraudulent The description of a willful act commenced with the Specific Intent to deceive or cheat, in order to cause some financial detriment to another and to engender personal financial gain. conditions. "These additional orders from DoS represent a solid stamp of approval from the operators of the largest facial recognition system in the world - with over 45 million images enrolled - and underscore The underscore character (_) is often used to make file, field and variable names more readable when blank spaces are not allowed. For example, NOVEL_1A.DOC, FIRST_NAME and Start_Routine. (character) underscore - _, ASCII 95. the confidence and success DoS continues to experienced with the Identix ABIS-based identity management system," said Identix President & 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. Dr. Joseph J. Atick. "The DoS visa program also continues to provide an excellent example of the overall power of facial recognition for identity management programs worldwide. "We believe these follow-on orders are representative of the type of recurring re·cur intr.v. re·curred, re·cur·ring, re·curs 1. To happen, come up, or show up again or repeatedly. 2. To return to one's attention or memory. 3. To return in thought or discourse. business Identix can hope to expect from large-scale identity management contracts," Atick said. "Identity management programs are based on information and the collection of ever increasing amounts of data. The databases are constantly growing, requiring additional enrollment and storage capacity, as well as increased searching speed and functionality. We continue to believe that this is an excellent business model for Identix. We are extremely proud to provide leading-edge technology to DoS to help secure our Nation and look forward to the opportunity to meet their future biometrics requirements." About Identix' ABIS System The ABIS System is Identix' advanced multi-biometric data-mining and search system, designed for end-users and integrators developing large-scale, one-to-many systems, with specific applicability to ID programs such as National ID, Passport and Visa issuance, DMVs, large-scale enterprise employee ID issuance and verification, and other large-scale National security programs. It uses Identix' state-of-the-art FaceIt(R) technology, which combines traditional facial geometry and skin biometric techniques for maximum accuracy and also has the capacity to handle other biometrics as well, including fingerprint fingerprint, an impression of the underside of the end of a finger or thumb, used for identification because the arrangement of ridges in any fingerprint is thought to be unique and permanent with each person (no two persons having the same prints have ever been . The open, modular architecture design provides features that are required in an enterprise environment: robust performance, reduced development and implementation costs, lower future risk for users, exceptional scalability up to 100 million records and built-in fault tolerance See fault tolerant. (architecture) fault tolerance - 1. The ability of a system or component to continue normal operation despite the presence of hardware or software faults. This often involves some degree of redundancy. 2. and manageability. Identix, ABIS and FaceIt are trademarks or registered trademarks of Identix Incorporated in 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. and other countries. About Identix Incorporated Identix Incorporated (Nasdaq:IDNX) is the world's leading multi-biometric technology company. Identix provides fingerprint, facial and skin biometric technologies, as well as systems, and critical system components that empower the identification of individuals in large-scale ID and ID management programs. The Company's offerings include live scan systems and services for biometric data capture, mobile systems for on-the-spot ID, and backend standards-based modules and software components for biometric matching and data mining. Identix products are used to conduct background checks, speed travel and commerce via secure identification documents, prevent identity fraud in large-scale government and civil ID programs, and control access to secure areas and networks. With a global network of partners, such as leading system integrators, defense prime contractors and OEMs, Identix serves a broad range of markets including government, law enforcement, gaming, finance, travel, transportation, corporate enterprise and healthcare. More information on Identix can be accessed via the Company web site at http://www.identix.com. Statements in this press release and that relate to future plans, events or performance are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. reflecting management's current expectations, assumptions and estimates of future performance and economic conditions. All forward-looking statements are made in reliance on 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 Securities Act of 1933 and the Securities Exchange Act of 1934. Identix cautions investors that forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those expressed or implied in such statements. Risks and uncertainties include, without limitation, those related to: the availability of funding from government and other customers; the readiness of customers to accept delivery and integration of software and hardware components on a timely basis; the ability of the Company to achieve targeted levels of software and hardware revenue mixes; increasing levels of competition; and other risks identified in the Company's SEC filings. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. |
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