Viisage Momentum Continues as It Wins Multi-Year Drivers' License Contract from the State of Delaware.Business Editors LITTLETON, Mass.--(BUSINESS WIRE)--Dec. 4, 2002 New Digital Instant Issue Solution Will Reduce Fraud with Multi-Biometric Technology 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 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 biometrics and secure identification systems, announced today that the company has added the state of Delaware to its recent drivers' license contract wins. Viisage has been selected to design, develop and implement a new secure digital drivers' license program for Delaware's Division of Motor Vehicles (DMV DMV abbr. Department of Motor Vehicles ). The contract award includes a five-year initial program and a two-year renewal option, allowing for technology enhancements. The new system will incorporate Viisage's leading facial recognition software, FaceEXPLORER(TM) to help identify attempts at fraudulently obtaining credentials CREDENTIALS, international law. The instruments which authorize and establish a public minister in his character with the state or prince to whom they are addressed. If the state or prince receive the minister, he can be received only in the quality attributed to him in his credentials. . Commenting on the award, Bernard Bailey, Viisage Technology's 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. , said, "This is our second major contract announcement in less than a month, supporting the fact that Viisage is a premier provider of secure credential credential verb To determine or verify titles, qualifications, documents, completion of required training, and continuing education, in those persons who function in a professional or official capacity–eg, ER physician, neurosurgeon, etc. Cf Credentials. solutions to the marketplace. Adding new customers like the state of Delaware is critical to our initiatives to help the nation reduce identity theft and fraud and enhance Homeland Security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States ." The Delaware DMV's new program will be comprised of a field-deployed network of Viisage Instant Issue Digital Driver License Workstations, which automate data collection and streamline the issuance of secure credentials. Viisage's FaceEXPLORER software and other new biometric technologies will provide rapid identification and verification of license applicants in support of law enforcement efforts to protect the privacy of Delaware citizens through the reduction of fraud and identity theft. Viisage has partnered with CACI CACI - A company developing and marketing SIMSCRIPT, MODSIM and other simulation software products. Telephone: +1 (619) 457-9681. International of Arlington, Virginia, to assist in the development of the interface between the state's drivers' license information systems. Delaware DMV Director, Mike Shahan, commented on the award, stating, "Without question, Viisage provided us with the most comprehensive solution that would allow us to produce the highly secure credentials needed in today's world. The company offered us a superior technology and the level of expertise, customer service and flexibility that we demanded as part of this project." Delaware now represents the eighteenth state to enable Viisage digital-identification document production and it becomes the seventh state to implement Viisage biometric technology to enhance drivers' license security. About Viisage Technology Viisage Technology, Inc. (NASDAQ: VISG) is the world leader in biometric face-recognition technology and digital identification systems and solutions that enhance consumer convenience, improve security, reduce fraud and protect personal privacy. Originally developed at MIT MIT - Massachusetts Institute of Technology , Viisage's patented face-recognition technology is accurate, non-intrusive and cost-effective. It is widely acknowledged for its unmatched performance including speed in real-time applications, scalability for managing very large databases and for its ease of integration into complete customer solutions. As a leader in secure credential production, Viisage delivers more than 28 million high-quality, high-security digital-identification documents annually. Through 1,625 U.S. systems in almost 1,500 locations in 18 states, Viisage solutions help government agencies responsible for visa programs, 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 npl → servicios mpl sociales cards and law enforcement. In addition, its technology is installed at more than 160 casinos worldwide. Visit Viisage's website at www.viisage.com About CACI International CACI International, Inc. provides the IT and network solutions needed to prevail in today's new era of defense, intelligence, and e-government. From systems integration and managed network solutions to knowledge management, engineering, simulation, and information assurance, we deliver the IT applications and infrastructures our federal customers use to improve communications and collaboration, secure the integrity of information systems and networks, enhance data collection and analysis, and increase efficiency and mission effectiveness. Our solutions lead the transformation of defense and intelligence, assure homeland security, enhance decision-making, and help government to work smarter, faster, and more responsively. CACI, a member of the Russell 2000 and S&P SmallCap 600 indices, provides dynamic careers for more than 5,700 employees working in 90 offices in the U.S. and Europe. CACI is the IT provider for a networked world. Visit CACI on the web at www.caci.com This news release contains 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. 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, 2001 and its quarterly reports on Form 10Q. |
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