McCashin Repositions Executive Management Team; Emphasis On itrust(TM) Secure Authenticated Transaction Management Solutions
SUNNYVALE, Calif., Nov. 29 /PRNewswire/ -- Identix Incorporated (Amex: IDX - news) said today that CEO Robert McCashin has repositioned the Senior Executive Management team to capitalize on the significant market opportunity the Company sees for its itrust(TM) business. According to McCashin, itrust(TM) and its recurring revenue business model for secure authentication and transaction management solutions is extremely important to Identix as the Company continues to build upon its position as the worldwide leader in providing biometric security solutions.
``These are important and exciting times for Identix as we move more fully into the fast-moving wired and wireless spaces, and we want to ensure that itrust(TM) is positioned to be the security solution of choice for e- and m-commerce transactions,'' McCashin said. ``We are now working with the world's top suppliers of mobile computers, as well as the leading desktop PC OEMs, to integrate our biometric hardware and software security solutions to provide their customers with a heightened level of data security and to equip them to use itrust(TM) secure transaction services in the future.''
McCashin has positioned President & COO Jim Scullion to leverage Scullion's 10 years of leadership and experience with Identix. Scullion will oversee all operational aspects of the Company, with a specific emphasis on the Security Division, to ensure that the Company's internal and external milestones are met. Scullion will also play an instrumental role in driving the adoption of the Company's biometric security solutions and services by leading enterprises worldwide.
Executive VP Grant Evans will report directly to McCashin, and will focus exclusively on driving the Identix itrust(TM) business in his new role as Executive VP itrust(TM) Global Strategy. Evans will continue to work closely with initial itrust partner Motorola and will concentrate on securing additional itrust(TM) partners and on developing extensive distribution channels for the Company's itrust(TM) services.
McCashin commented, ``We believe that itrust(TM) can become the defacto standard for securing transactions in the wired and wireless world and we are organizing our business to take full advantage of the tremendous opportunity that is before us. Through itrust, we expect to provide several key components to enable trusted, secure wired and wireless transactions. Identix's itrust(TM) authentication solutions provide unparalleled assurance and confidence that a specific individual authorized a transaction, delivering the market requirement for non-repudiation. This will provide consumers with trust, confidence and convenience in a transaction,'' McCashin said. ``It will also provide secure commerce solutions and potential savings to businesses of multi-billions of dollars per year through substantially reducing fraudulent activity.
``Not only does itrust(TM) provide non-repudiation through this crucial authentication function,'' McCashin continued, ``but we also expect to provide a complete audit trail to ensure the transaction is secure, while giving the sender the ability to completely control and manage what is sent, from managing viewing privileges to the ability to save, download, or print the transaction.''
McCashin concluded, ``Our strategic alliances have never been stronger and we plan to capitalize on our position as the worldwide leader to become the preferred provider of biometric security solutions and services to the enterprise and beyond.''
About Identix
Identix Incorporated, www.Identix.com, is a leader in designing, developing, manufacturing and marketing products for the capture and/or comparison of fingerprints for security, anti-fraud, law enforcement, physical access and other applications. Identix designs and develops proprietary, cost-effective, security products and solutions for personal identification and verification. Through its itrust(TM) division, Identix will offer a an array of Internet and wireless Web secure transaction processing services, and provide a wide range of applications to markets that include corporate enterprise security, Intranet, extranet, and Internet, wireless Web access and security, E-commerce, government and law enforcement agencies. Identix's partners include Motorola, Compaq, Toshiba, Key Tronic, SCM Micro, Cherry GmbH and Unisys.
The statements in this release that relate to future plans, events or performance are forward-looking statements that reflect the Company's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance on the safe harbor provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. The Company cautions investors that any forward looking statements involve risks and uncertainties that may cause actual results to differ materially from those expressed or implied in such forward looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with: development of the marketplace for biometrics solutions; demand for the Company's products and services; the ability of the Company's alliances to succeed and in particular, the ability of the Company to complete product development, successfully manufacture its products in volume and broadly disseminate the Company's products; increasing levels of competition in the space for wired and wireless web security services; the perceived need for secure communications and commerce in such markets; and other risks as identified in the Company's SEC filings. The Company disclaims any intention or 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.
For further information please contact Damon Wright, Director of Investor Relations, Identix Incorporated, 408-731-2000, dwright@identix.com.
SOURCE: Identix Incorporated |
