Viisage Technology Selected to Provide Face-Recognition Technology to Logicon For GSA Smart Card Program.
LITTLETON, Mass.--(BUSINESS WIRE)--July 24, 2000
Viisage Technology, Inc. (NASDAQ: VISG), 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).
Logicon was one of the five prime contractors selected for the ten-year, $1.5 billion program to provide smart cards 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, 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, 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 (C4ISR); weapon systems; information systems; training and simulation; science and technology; base and range support; and commercial information services. 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 provisions of the Private Securities Litigation Reform Act 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.
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|Date:||Jul 24, 2000|
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