IDNX,
Identix Public Sector, Inc. Receives Contract Modifications and Additional Funding From the U.S. NavyAdditional Taskings Valued in Excess of $1,500,000 Through September 30, 2002
PR NEWSWIRE - February 04, 2002 09:15
LOS GATOS, Calif., Feb 4, 2002 /PRNewswire-FirstCall via COMTEX/ -- Identix Incorporated (Nasdaq: IDNX) announced today that its Identix Public Sector, Inc. subsidiary has been provided additional contract modification awards in excess of $1,500,000 for increased support to the Naval Special Warfare (NSW) Program Office in Washington, DC. Under these incrementally funded delivery orders, Identix Public Sector provides program management, acquisition management, financial and technical support to a wide variety of Navy Special Operations programs. The additional new funding is expected to be expended prior to September 30, 2002.
Identix Public Sector Executive Vice President Linda Howard commented, "This has been one of our most important contracts since its inception four years ago. After the tragic events of September 11th, the support we provide to this critical national security program has become even more vital. Identix is pleased with the confidence the NSW community has placed in our continuing professional support services."
The statements in this release that relate to future plans, events or performance are forward-looking statements that reflect the Company's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance on the safe harbor provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. The Company cautions investors that any forward looking statements involve risks and uncertainties that may cause actual results to differ materially from those expressed or implied in such forward looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with: development of the marketplace for biometrics solutions; demand for the Company's products and services; the ability of the Company's alliances to succeed and in particular, the ability of the Company to complete product development, successfully manufacture its products in volume and broadly disseminate the Company's products; increasing levels of competition in the space for wired and wireless web security services; the perceived need for secure communications and commerce in such markets; and other risks as identified in the Company's SEC filings. The Company disclaims any intention or obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect the occurrence of unanticipated events. The statements in this release that relate to future plans, events or performance are forward-looking statements that reflect the Company's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance on the safe harbor provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. The Company cautions investors that any forward looking statements involve risks and uncertainties that may cause actual results to differ materially from those expressed or implied in such forward looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with: development of the marketplace for biometrics solutions; demand for the Company's products and services; the ability of the Company's alliances to succeed and in particular, the ability of the Company to complete product development, successfully manufacture its products in volume and broadly disseminate the Company's products; increasing levels of competition in the space for wired and wireless web security services; the perceived need for secure communications and commerce in such markets; and other risks as identified in the Company's SEC filings. The Company disclaims any intention or obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect the occurrence of unanticipated events.
For further information please contact Investors, Damon Wright, Director of Investor Relations and Public Relations of Identix Incorporated, +1-408-335-1400, dwright@identix.com; or Media, Caprice Fimbres of Blanc & Otus, +1-415-856-5133, cfimbres@blancandotus.com, for Identix Incorporated.
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SOURCE Identix Incorporated
CONTACT: Investors, Damon Wright, Director of Investor Relations and Public Relations of Identix Incorporated, +1-408-335-1400, dwright@identix.com; or Media, Caprice Fimbres of Blanc & Otus, +1-415-856-5133, cfimbres@blancandotus.com, for Identix Incorporated
URL: identix.com |
