SAFLINK Selected to Participate in Third Stage of Department of Defense Biometric Smart Card Program.Business Editors BELLEVUE, Wash.--(BUSINESS WIRE)--Jan. 28, 2003 SAFLINK to be Sole Biometric Application Software Provider for DoD Paid Test Project SAFLINK(R) Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SFLK), a leading developer, marketer, and integrator of biometric security solutions, announced today that its team has been selected to participate in the third segment of the Department of Defense (DoD) Common Access Card (CAC See Consumer Advisory Council. ) project. SAFLINK is the sole biometric security application software provider to participate in this segment, which is led by BearingPoint, Inc. (NYSE NYSE See: New York Stock Exchange :BE), a DoD CAC prime contractor. SAFLINK will work with the DoD Biometrics Fusion Center In intelligence usage, a physical location to accomplish fusion. It normally has sufficient intelligence automated data processing capability to assist in the process. (BFC BFC Buffalo Field Campaign (West Yellowstone, Montana) BFC Betty Ford Center BFC British Fashion Council BFC Bicycle Friendly Community BFC Bible Fellowship Church BFC Boavista Futebol Clube ) located in North Central West Virginia West Virginia, E central state of the United States. It is bordered by Pennsylvania and Maryland (N), Virginia (E and S), and Kentucky and, across the Ohio R., Ohio (W). Facts and Figures Area, 24,181 sq mi (62,629 sq km). Pop. to evaluate the potential use of "contactless" smart card and biometric technologies with the department's Common Access Card (CAC) in a physical access environment. The expected value Expected value The weighted average of a probability distribution. Also known as the mean value. of this current award to SAFLINK for the development and delivery of biometric security application software is approximately $137,000. This will be the third of three such awards for the Company as part of the overall DoD CAC program. "We are delighted to have been selected for this project," said Matt Shannon, Director of Government Sales for SAFLINK. "To date, we are the only biometric security application software company to have been selected to participate in all three of the initial CAC proof-of-concept segments. We expect the production pilot will likely be comprised of the 'best of breed' applications from the first three phases." Multi-Segment, Multi-Phase Process The first segment, known as CAC-A CAC-A Air Carbon Arc Cutting , explored the best way to store the biometric information of military personnel in four different scenarios. The second segment of the project, CAC-B, explored the integration of this biometric information with specific applications, and the third segment of the project, CAC-C, is intended to explore the use of these templates in a wireless physical access control environment. "The overall DoD CAC program is an effort to find a framework solution that provides the flexibility to meet the needs of the Department of Defense, including supporting multiple biometric technologies and devices -- not just a single technology," said Walter Hamilton, Vice President of Business Development for SAFLINK. "We believe this plays very well into SAFLINK's strength of open standards Specifications for hardware and software that are developed by a standards organization or a consortium involved in supporting a standard. Available to the public for developing compliant products, open standards imply "open systems;" that an existing component in a system can be replaced , which allows us to deliver and support more than 20 different biometric devices." About the Common Access Card The Defense Department's "Common Access Card," or CAC is a smart card with an embedded computer chip that is part of the DoD's nationwide effort to improve security at its installations worldwide. The DoD CAC program is administered through the General Services Administration The General Services Administration (GSA) was established by section 101 of the Federal Property and Administrative Services Act of 1949 (40 U.S.C.A. § 751). The GSA sets policy for and manages government property and records. Smart Access Common ID program. The CAC is designed to enable authorized physical access to installations, buildings, and controlled spaces, as well as to gain access to military computer networks and systems. The CAC is intended to be the standard identification card for all active-duty military personnel, selected Reserve and National Guard, as well as the Department's civilian employees and eligible contractors. More than one million cards have been issued to date, with distribution expected to exceed four million in the next two years. About SAFLINK SAFLINK(R) Corporation brings "The Power of Biometric Authentication(TM)" to workstations and enterprise networks through biometrics. The Company provides cost-effective multi-biometric software solutions to verify individual identity, protect valuable information, and eliminate passwords. These solutions are designed to safeguard and simplify access to electronic systems and online services. For more information, please see the Company's website at www.saflink.com or call 800/762-9595. NOTE: "SAFLINK" is a registered trademark of SAFLINK Corporation. "The Power of Biometric Authentication" is a trademark of SAFLINK Corporation. This release contains information about management's view of the company's future expectations, plans and prospects that constitute forward-looking statements for purposes of 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 under 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. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with the company's financial condition, its ability to sell its products, its ability to compete with competitors and the growth of the biometrics market as well as other factors that are discussed in the company's 424(b)(3) Prospectus filed with the SEC August 16, 2002 as amended and supplemented, and in its Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , as well as other documents periodically filed with the Securities and Exchange Commission. |
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