Viisage Technology Selected to Provide Face-Recognition Technology to Logicon For GSA Smart Card Program.Business Editors
LITTLETON, Mass.--(BUSINESS WIRE)--July 24, 2000
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 leader in enabling e-commerce through face-recognition biometrics technology and in providing identification systems and solutions, today announced that they will provide their face-recognition biometric technology to Logicon, a recognized leader in systems integration and smart card technology, for the $1.5 billion Smart Access Common ID Program recently awarded by the General Service Administration (GSA (1) (Global mobile Suppliers Association, Sawbridgeworth, U.K., www.gsacom.com) A membership organization of suppliers of GSM products and services. Its goal is to promote GSM as the worldwide mobile communications standard. See GSM Association and GSM. ).
Logicon was one of the five prime contractors selected for the ten-year, $1.5 billion program to provide smart cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. to the U.S. Government. As a subcontractor to Logicon, Viisage will provide their MIT-developed, patented, face-recognition biometric technology for identification, authentication, physical and virtual access-control applications.
James J. Perriello, President, Logicon Information Systems and Services, said, "We are pleased to have Viisage on our winning team. Viisage's biometric expertise and capability are well recognized in the industry and position us well for success to open up the federal government smart card market."
Thomas J. Colatosti, Viisage 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, "Logicon is a premier provider of technology to the federal government. We are delighted to work with them to provide the U.S. Government the best and most convenient biometric technology available."
Colatosti added, "We believe the leadership from GSA will help raise the level of awareness in the marketplace for the advantages of face biometrics to deliver personal and convenient physical and virtual security."
Viisage Technology is a world leader in biometric technology and in digital identification solutions. Originally developed at MIT MIT - Massachusetts Institute of Technology , Viisage's reliable non-invasive and cost-effective face-recognition technology is widely recognized for its leadership performance in real-time and large database applications. Responding to the emerging market need for e-commerce convenience and security, Viisage's patented technology, systems integration and software design capabilities improve personal convenience, privacy and security while deterring identity theft and fraud. Viisage's family of face-recognition applications includes: e-commerce (FaceNET(TM)), point-of-sale (FacePIN(TM)), access control (FacePASS(TM)), surveillance (FaceFINDER(TM)) and image database analysis (FaceEXPLORER(TM)). Viisage's systems annually produce more than 20 million digital identification documents at more than 1,500 U.S. locations in 13 states.
Logicon, headquartered in Herndon, Va., is a leader in advanced information technologies, systems and services. Areas of expertise include command, control, communications, computers, intelligence, surveillance and reconnaissance Intelligence, Surveillance and Reconnaissance may refer to:
C4ISR Command, Control, Communications, Computer, Intelligence, Surveillance and Reconnaissance
C4ISR Command Control Communications Computers Intelligence Surveillance and Reconnaissance ); weapon systems; information systems; training and simulation; science and technology; base and range support; and commercial information services See Information Systems. . Learn more about Logicon on the Web at www.logicon.com.
This news release may contain 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 technology, competitive conditions, system performance, management of growth, dependence on key personnel and general economic and political conditions and other factors affecting spending by customers.