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Strategies & Market Trends : Galapagos Islands

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To: Jorj X Mckie who wrote (24979)	2/4/2003 12:35:06 PM
From: Libbyt	Read Replies (1) of 57110

Identix boosted by defense order By Jenny Spitz, CBS.MarketWatch.com Last Update: 10:58 AM ET Feb. 4, 2003 MINNETONKA, Minn. (CBS.MW) -- Shares of Identix were boosted 10 percent Tuesday after the company announced a purchase order from the U.S. Department of Defense. Shares climbed 43 cents to $4.53 in midday action. Without disclosing the value, Identix (IDNX: news, chart, profile) said the order was for a 5.4 million-user license for its fingerprint recognition technology. The BioEngine technology will be used by the Defense Department to upgrade its existing fingerprint recognition system, the company said. "We are beginning to see some initial orders come out from the federal government that are putting some substance behind all the interest the government has been showing towards the adoption of biometrics technology," said President and Chief Executive Officer Joseph J. Atick in a company statement. The order demonstrates a "solid and continuing commitment in biometrics by the [Pentagon]," Atick continued. The Minnetonka, Minn.-based company sells several fingerprint and facial recognition technologies for the private and government sectors. Jenny Spitz is headline editor for CBS.MarketWatch.com in San Francisco marketwatch.com

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