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Technology Stocks : Identix (IDNX)

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To: art slott who wrote (9991)8/20/1998 11:29:00 AM
From: David  Read Replies (1) of 26039
 
Art, re: Sylvan stuff . . .

Here's the excerpt:

"According to Andy Ah-Po, chief, Criminal Records Clearing Bureau,
Central Operation Branch, the DSS anticipates that the TP-600s will save the department time, cut costs and improve accuracy in screening as many as 200,000 applicants per year.
"We are extremely pleased with the two Identix live-scan systems
we have been using, and believe the additional systems, along with upgrading our original two, will expand our local capability to cut background screening time to three work days or less," he said.
"Additionally," Ah-Po continued, "the fingerprint services
provided by Sylvan/Identix will greatly reduce both time and expense
for the DSS for the initial screening of applicants. Time and money
that would have been spent actually taking and processing applicant
fingerprints for background checks, can now be directed towards
implementing additional program enhancements and improved customer
service."

I guess we are talking about a dozen machines or so. I think, full-bore, each machine can do 200 clicks per week, so 200 x 52 x 12 = 125,000 clicks. Maybe they'll buy a few more if they need the full 200,000. It's true, if the State is buying the machines, this doesn't follow the Sylvan joint venture model. However, it looks like Sylvan/IDX will operate the machines, so some part of the per click revenues should be there. It would be nice to have more details in the PR.
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