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Technology Stocks : ImageWare Systems, Inc (IW)

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From: JakeStraw3/28/2006 8:35:00 AM
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ImageWare Systems Awarded $900K Contract from Raytheon
biz.yahoo.com
Tuesday March 28, 6:00 am ET

Companies to Collaborate Utilizing ImageWare's IWS(TM) Biometric Engine(TM) Border Management Product

SAN DIEGO--(BUSINESS WIRE)--March 28, 2006--ImageWare® Systems, Inc. (AMEX:IW), a leading developer and provider of identity management solutions, today announced that the company has been awarded a $900K contract from Raytheon Company (NYSE:RTN) for its IWS(TM) Biometric Engine(TM) Border Management solution.

The IWS Biometric Engine Border Management product supports land, air and sea ports, and utilizes biometrics, including face, single finger, Livescan fingerprint and iris, during the enrollment and identification processing at border crossings.

"ImageWare has developed technology and products that will enhance global security measures and ensure citizen safety," said Jim Miller, ImageWare's chairman and CEO. "The IWS Biometric Engine Border Management product was designed to provide the flexible and scalable performance that can fulfill large-scale projects, and meet the rigorous security demands at border crossings and requirements that are ever changing."

The IWS Biometric Engine Border Management product provides biometric enrollment, management and identification, allowing land, air and sea borders to biometrically search and match populations of unlimited sizes for identity confirmation. Searches can be 1:1 (verification), 1:N (identification), X:N (investigative) and N:N (enrollment integrity). IWS Biometric Engine Border Management, coupled with the Biometric Engine Image Quality and Enhancement product, improves the accuracy and effectiveness of biometrics, increasing the biometric performance, and maintaining database and image integrity. Based on open architecture, IWS Biometric Engine Border Management is scalable and technology agnostic, enabling users to employ biometric devices and algorithms over time from virtually any vendor.
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