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Viisage's Identity Verification Solution Selected by Government of Alberta, Expanding Global Customer Base.


Business Editors/High-Tech Writers

LITTLETON, Mass.--(BUSINESS WIRE)--June 19, 2003

Combined Viisage/ZN Vision Technologies solution selected to enhance prevention of identity theft and fraud in Alberta's drivers' license program

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 ), a leading provider of advanced technology for identity verification Noun 1. identity verification - 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  solutions, today announced that the company has secured its first competitive joint project incorporating its existing 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
 technology with technology from ZN Vision Technologies. The combined Viisage/ZN identity verification solution has been selected for a multi-year contract to provide facial comparison capabilities to the government of Alberta's drivers' license program, bringing increased levels of identity fraud protection.

The deal represents the largest facial comparison project in Canada and highlights the growing global demand for Viisage's identity verification solutions, which are already leveraged in federal, state and private deployments worldwide. The project was secured through a partnership with the project's prime contractor, Canadian Bank Note Company The Canadian Bank Note Company is responsible for printing the paper currency of Canada. It also prints and provides document reading systems for identification cards, lottery tickets, stamps and notes for other countries, and many other security-conscious printing-related services. , Limited, (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
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) which supplies a wide range of secure products and services including currency, passports, identification cards and the secure systems for their issuance and inspection.

Alberta's facial comparison project represents Viisage's eighth drivers' license contract that incorporates facial recognition, continuing the momentum of protecting citizens from identity theft.

"The combination of technologies from Viisage and ZN is setting a new standard for the industry in speed, performance and accuracy," said Bernard Bailey, president and 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.  of Viisage Technology. "By leveraging our joint technologies, customers such as the province of Alberta will be delivering higher levels of identity protection to their constituencies."

Viisage's acquisition of ZN Vision Technologies, anticipated to close in the third quarter, will bring together the U.S. and European market leaders in identity verification solutions. As a direct result of combining the mathematical algorithms used to evaluate images, the combined Viisage/ZN solution greatly increases the performance with which large databases can be searched for potential matches. Through the extension of existing contracts and the awarding of new projects, Viisage's identity verification technology continues to be deployed globally to assist government agencies worldwide in preventing identity theft and fraud.

About Viisage Technology

Viisage Technology, Inc. (NASDAQ: VISG) is a leading provider of advanced technology for identity verification solutions. Viisage's facial recognition and secure document technologies are delivering real-world results today, helping 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 businesses verify identities, enhance security, reduce identity theft, provide access control, and protect personal privacy - all ensuring the safety of people, assets and information. Viisage products power the greatest number of identity verification applications on the market today. With over 2,500 installations worldwide, Viisage's solutions stand out as a result of our superior technology and understanding of customer needs.

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 ended December 31, 2002 and its quarterly reports on Form 10Q.
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Publication:Business Wire
Geographic Code:1CALB
Date:Jun 19, 2003
Words:653
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