Dont know if this was posted yet, but it seems CPQ has other biometric friends. Viisage Wins $9 Million Contract
LITTLETON, Mass., Oct. 29 /PRNewswire/ -- Viisage Technology, Inc. (Nasdaq: VISG), a leader in the emerging field of biometrics technology and in providing identification systems and solutions, today announced that it has been awarded a subcontract to design, develop and implement a new digitized drivers license system for the State of Maryland Department of Transportation and Motor Vehicle Administration (MDOT/MVA) as part of the state's program to replace its current motor vehicle system. In partnership with Compaq Computer (NYSE: CPQ), Viisage will replace and streamline the driver's license issuance portion of the state's system. Compaq, a Houston-based information technology products and services provider, is the prime contractor for this $40 million motor vehicle system project.
The new computer system architecture will provide a flexible, highly functional, cost-effective client-server environment to run MVA's business processes. The Driver Licensing System will replace the existing photo licensing system, eliminate the existing mainframe batch system and create new interfaces to a number of other state systems such as Motor Voter and the Social Security Administration interface. The contract also includes a new Point-of-Sale system with new functionality for MDOT's Financial Management Information System.
Compaq Computer's Director of Professional Services, Kevin French, said, "We are pleased to partner with Viisage on this important project because they have the experience and credibility in providing leadership technology and solutions to the motor vehicle industry. Our combined skills will enable Maryland to achieve its visionary approach to modernizing its motor vehicle system and deliver an enhanced level of service to the state's drivers."
Tom Colatosti, Viisage President and Chief Executive Officer, said, "We are excited about the opportunity to partner with a technology and service leader like Compaq to provide the state of Maryland a cost-effective and flexible system that delivers a secure and durable driver's license."
Colatosti went on to say, "This award increases our leadership in the driver's license industry in terms of market share and market recognition. We have demonstrated our ability to be competitively successful in both direct driver license projects and in partnerships with large world-class companies for larger system integration programs."
Viisage is a leader in the emerging field of biometrics and in providing digital identification systems and solutions. The Company focuses on identification solutions that improve personal convenience and security, deter fraud and reduce identification program costs. Viisage combines its systems integration and software design capabilities with its proprietary software and hardware products and other best-in-class products to create complete customized solutions. Applications can include drivers licenses, voter registration, national ID's, law enforcement and social services. Viisage systems annually produce more than 20 million identification documents at more than 1,500 locations in 12 states. Viisage is also commercializing patented facial recognition technology for access control, PC network and internet access security and the real-time large database identification and verification of individuals. Viisage Technology is on the World Wide Web at viisage.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, risks of year 2000 issues and general economic and political conditions and other factors affecting spending by customers.
For more information on Viisage, via fax at no charge, dial 1-800-PRO-INFO and enter ticker symbol VISG.
SOURCE Viisage Technology, Inc.
CO: Viisage Technology, Inc.; Maryland Department of Transportation and Motor Vehicle Administration; Compaq Computer
ST: Massachusetts, Maryland
IN: CPR
SU: CON
10/29/1999 10:37 EDT prnewswire.com |
