Viisage Is Founding Member Of New Biometric Research Center; Center Aims To Transfer New Biometric Technologies to Private/Government Sectors.Business Editors
LITTLETON, Mass.--(BUSINESS WIRE)--Jan. 24, 2002
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 it is a founding member of the Center for Identification Technology Research (CITeR) based at West Virginia University West Virginia University, mainly at Morgantown; coeducational; land-grant and state supported; est. and opened 1867 as an agricultural college, renamed 1868. (WVU WVU West Virginia University
WVU Love You ).
CITeR is a new National Science Foundation Industry/University Cooperative Research Center (I/UCRC I/UCRC Industry/University Cooperative Research Center (NSF program for partnership between universities and industry) ), which draws upon the interdisciplinary faculty expertise of WVU, Marshall, Michigan Marshall is a city located in the U.S. state of Michigan. It is part of the Battle Creek, Michigan Metropolitan Statistical Area. As of the 2000 census, the city population was 7,459. It is the county seat of Calhoun County6. State and San Jose San Jose, city, United States
San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. State Universities. It is the first comprehensive academic center to serve the emerging field of biometrics and identification technology advancement.
According to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. 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, "Viisage remains committed to the advancement of our scientific research, to extend the technology, and to work with other biometric companies and researchers to provide the best toolbox of identification technologies for the many applications demanded by current national security concerns. The CITeR will aid us in achieving these goals."
Dr. Larry Hornak, CITeR director comments, "We are delighted to have Viisage as a CITeR member. Viisage's expertise and wealth of experience will add significant value to the Center's research activities."
The goal of CITeR as an I/UCRC is to serve the needs of its members by advancing the performance of biometric systems through cross-cutting research of new enabling technologies, interdisciplinary training of scientists and engineers through its biometrics research, and the facilitation of the transfer of new biometrics technology to the private and government sectors through its membership.
Viisage has supported WVU's effort to make the Center a reality for the last two years and participated in the Center's April 2001 Planning Conference along with other representatives from industry and government. For more information on CITeR research and membership, visit its web site at www.csee.wvu.edu/citer
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
welfare services provided by local authorities or a state agency for people with particular social needs
social services npl → servicios 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 and analysis database product, used to combat identity fraud -- it is implemented in the world's largest face recognition system with more than eight million enrolled images. FaceFINDER(TM), acclaimed for its processing speed, 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
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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
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