r,
just in, hope the mkt wakes up soon, i'm taking a beating at these levels:
gw
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SUNNYVALE, Calif.--(BUSINESS WIRE)--July 15, 1998--Identix Inc.
(ASE:IDX), a leading provider of worldwide live-scan and biometric
verification systems, Wednesday announced that its ANADAC subsidiary
was awarded a contract option by the U.S. Navy to provide financial
and acquisition management services for combat system equipment
provided to DDG 51-class ships.
The option is a continuation of a previous three-year Navy
contract. The modification is valued at more than $5.5 million over
the next 12 months.
Identix Chairman, President and Chief Executive Officer Randall
C. Fowler commented, "This contract modification continues a trend
of strategic and financial successes for our ANADAC subsidiary and
positions us to provide the Navy with quality support into the next
century. Our decade-long relationship with the Navy is a testament
to ANADAC's high quality service and to our dedication to customer
satisfaction."
The Systems Acquisition Division of the Program Executive Office
for Theater Air Defense and Surface Combatants is responsible for
acquisition and management of all government furnished on AEGIS-class
ships for both the Navy and foreign military sales. This Division
has long been a mainstay in ANADAC's list of customers.
Identix is a leader in designing, developing, manufacturing and
marketing products for the capture and/or comparison of fingerprints
for security, anti-fraud, law enforcement and other applications.
The statements in this release that relate to future plans,
events or performance are forward-looking statements that involve
risks and uncertainties, including risks associated with uncertainties
pertaining to customer orders, orders from and contracts with
government entities, availability of government funds, demand for
products and services, development of markets for the company's
products and services and other risks as identified in the company's
SEC filings. Actual results, events and performance may differ
materially. The company undertakes no 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
unanticipated events.
CONTACT: Allen & Caron Inc.
Damon Wright (investors)
Owen Daley (media)
714/957-8440
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED GOVERNMENT
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