VISG Viisage Selected to Deploy the First Face-recognition Technology System for Security in a U.S. Airport
LITTLETON, Mass., Oct 4, 2001 (BUSINESS WIRE) -- Viisage Technology, Inc.(NASDAQ: VISG), the leader in face-recognition technology and identification
systems and solutions that improve security and conveniently protect personal privacy, announced today that they and their strategic partner, LAU Technologies
have been selected to install Viisage's FaceFINDER(TM) patented real-time face
recognition system at an undisclosed major U.S. airport.
This deployment is the first in the nation use of face-recognition technology
for airport security and will frame the design for the remainder of the market.
The system is expected to be operational within the next 30 days and will be
used to verify identities of domestic and international travelers and will also
be used in a variety of other airport investigative and security applications.
Viisage's FaceFINDER(TM), face recognition application has been recognized for
its real-time processing speed capable of searching one million images in a
second using standard PCs versus high-powered, expensive computers.
FaceFINDER(TM) is the industry's most widely implemented surveillance and
identification system. It is installed in more than 100 casinos worldwide and
achieved international notoriety for its successful use at this year's Super
Bowl XXXV in Tampa.
Viisage Technology is the world leader in biometric face-recognition technology
and identification systems and solutions that enhance consumer convenience,
improve security and protect personal privacy. Originally developed at MIT,
Viisage's patented, accurate, non-intrusive and cost-effective face-recognition
technology is widely acknowledged for its unmatched performance including speed
in real-time applications, scalability for managing large image databases, and
systems integration for complete customer solutions.
Viisage provides a full family of face recognition products. FaceEXPLORER(TM) is
a powerful and scalable image retrieval and analysis database product, used to
combat identity fraud -- it is implemented in the world's largest face
recognition system with more than eight million enrolled images. FaceFINDER(TM),
acclaimed for its processing speed, is the industry's most widely implemented
surveillance and identification system -- it is installed in more than 100
casinos worldwide and has been deployed to improve security at premier sporting
events. FaceNET(TM) provides secure authentication for PC, Internet and
e-commerce connections. FacePIN(TM) offers consumers convenient and private
verification for point-of-sale transactions such as ATMs. FacePASS(TM) is a
practical security solution for keyless entry to secure facilities, such as
offices, dormitories and government facilities. FaceTOOLS(TM) is a leadership
Software Developers Kit that enables application providers the ability to
develop and customize unique customer and market applications.
Additionally, Viisage's systems annually deliver, through 1,500 U.S. systems in
1,200 locations in 15 states, more than 25 million high-quality and
high-security digital-identification documents for government agencies
responsible for issuing drivers' licenses, social services cards and law
enforcement credentials.
This news release contains 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 competitive
conditions, system performance, management of growth, dependence on key
personnel, ability to obtain project financing, general economic and political
conditions and other factors affecting spending by customers and other risks,
uncertainties and factors including those described from time to time in the
company's filings with the Securities and Exchange Commission, including without
limitation, the company's Form 10K for the year ending December 31, 2000 and its
quarterly reports on Form 10Q.
CONTACT: Porter, LeVay & Rose, Inc., New York
Linda Decker, 212/564-4700
or
Gray & Rice
Michelle Amoroso, 617/367-0100, X110
or
Viisage Technology, Littleton
Tom Colatosti, 978/952-2211
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KEYWORD: MASSACHUSETTS
INDUSTRY KEYWORD: AEROSPACE/DEFENSE
TRANSPORTATION
TRAVEL
PRODUCT
SOURCE:
Viisage
Technology
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