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Right on, here we go . . .
SUNNYVALE, Calif.--(BUSINESS WIRE)--Jan. 26, 2000--Identix Inc.
(AMEX:IDX.A), a worldwide leader in providing biometric authentication,
security and identification solutions, Wednesday announced that Ascom
USA Inc., Identix's largest single shareholder, has sold their 4.1
million shares of Identix stock to the State of Wisconsin Investment
Board and Kensington Management Group, LLC.
The consummation of the multi-million dollar purchases occurred
Jan. 26, 2000 on the American Stock Exchange.
"The State of Wisconsin Investment Board, (SWIB), welcomes this
opportunity to become a significant long-term shareholder and
participant in the exciting future of Identix," said John Nelson,
Investment Director of Small Company Stocks.
"I viewed the potential applications of its outstanding
technology to many existing and new markets as a compelling reason for
SWIB to acquire this large block of stock at this time."
SWIB had $69 billion in retirement assets under management as of
Dec. 31, 1999. It manages that sum for 350,000 current or former state
and local government employees and more than 100,000 retirees.
Kensington Management Group is an investment management company
based in New York specializing in small-cap U.S. equities.
Kensington Management Group, Partner, Grainne Coen commented, "We
are extremely excited about the partnerships Identix has formed with
Compaq and Motorola, in addition to the many others. We believe the
company is headed in a very promising direction and we look forward to
watching it grow and evolve."
Identix Chairman and CEO, Randall C. Fowler, stated, "We are very
pleased to welcome the State of Wisconsin and Kensington as our new
shareholders. This transaction has allowed Ascom the opportunity to
diversify their holdings after nearly 10 years, while bringing in a
new perspective to our shareholder base."
About Identix
Identix Inc., www.Identix.com, is a leader in designing,
developing, manufacturing and marketing products for the capture
and/or comparison of fingerprints for security, anti-fraud, law
enforcement, physical access and other applications. Through
Identicator Technology Inc., Identix's IT Security division, Identix
designs and develops proprietary, cost-effective security products and
solutions for personal identification and verification.
Identicator Technology provides a wide range of applications to
markets that include corporate enterprise security, intranet, extranet
and Internet access and security, E-commerce, government and law
enforcement agencies. Identix's partners include Compaq (NYSE:CPQ.N),
Key Tronic (Nasdaq:KTCC.O), SCM Microsystems (Nasdaq:SCMM.O), Cherry GmbH
and Unisys (NYSE:UIS.N).
The statements in this release that relate to future plans,
events or performance are forward-looking statements that reflect
Identix management'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. Risks
and uncertainties include, without limitation, those associated with:
development of the marketplace for biometrics solutions; demand for
the company's products and services; the ability of the company's
partnerships and alliances to succeed and in particular, the ability
of the company to complete product development and broadly
commercialize and disseminate its products; 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 unanticipatedevents.
--30--JC/np* JS/np
CONTACT: Identix Inc., Sunnyvale
Investor Relations Department, 408/731-2021
KEYWORD: CALIFORNIA WISCONSIN NEW YORK
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
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