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Technology Stocks : Viisage Technology (VISG) -- Ignore unavailable to you. Want to Upgrade?


To: StockDung who wrote (349)11/10/2001 7:20:55 PM
From: blebovits  Read Replies (1) | Respond to of 536
 
Viisage Technology And Unisys Showcase Face Recognition Capabilities At International Association of Chiefs of Police Conference, IACPMore than 14,000 Law Enforcement Professionals Gather to Learn About Key Technologies

BLUE BELL, Penn. & LITTLETON, Mass., Oct 24, 2001 (BUSINESS WIRE) -- With increasing security a key action item, Viisage Technology, Inc. (NASDAQ: VISG chart, msgs) and Unisys Corporation (NYSE: UIS chart, msgs) will demonstrate their security technologies at the 108th International Association of Chiefs of Police Conference (IACP) in booth no.2543 from October 27 to 30 in Toronto, Canada. The two companies recently announced their global strategic security solutions alliance.

The IACP Conference hosts over 14,000 national and international law enforcement agency professionals eager to stay abreast of the most advanced and current law enforcement procedures, products and technologies.

Viisage will feature its industry-leading face-recognition technology that is widely implemented and used in applications ranging from airport and casino security to driver's license programs and law enforcement systems. Unisys has extensive experience deploying biometric and personal identification solutions globally for national ID cards, government and military access, voter registration, and driver's licenses among other applications.

"As one of the top 200 tradeshows, the IACP Conference is an ideal venue for Viisage and Unisys to show our unique capabilities and to jointly address the diverse security concerns of law enforcement organizations around the globe," said Tom Colatosti, Viisage president and CEO.

"The role that this leading-edge technology plays is especially critical today given the recent events," said Kevin Curry, vice president and general manager of Unisys North America Public Sector. "In the days to come, as security plans are implemented, we believe this technology can aid law enforcement initiatives throughout the U.S. and the world."

Viisage provides a full family of face recognition products. FaceEXPLORER is a powerful and scalable image retrieval and analysis database product, used to combat identity fraud -- it is implemented in the world's largest face recognition system with more than eight million enrolled images. FaceFINDER, acclaimed for its processing speed, is the industry's most widely implemented surveillance and identification system -- it is installed in more than 80 casinos worldwide and has been deployed to improve security at premier sporting events. FaceNET provides secure authentication for PC, Internet and e-commerce connections. FacePIN offers consumers convenient and private verification for point-of-sale transactions such as ATMs. FacePASS is a practical security solution for keyless entry to secure facilities, such as offices, dormitories and government facilities. FaceTOOLS is a leadership Software Developers Kit that enables application providers the ability to develop and customize unique customer and market applications.

About Viisage Technology

Viisage Technology is the world leader in biometric face-recognition technology and identification systems and solutions that enhance consumer convenience, improve security and protect personal privacy. Originally developed at MIT, Viisage's patented, accurate, non-intrusive and cost-effective face-recognition technology is widely acknowledged for its unmatched performance including speed in real-time applications, scalability for managing large image databases, and systems integration for complete customer solutions. Viisage provides a full family of face recognition products. Additionally, Viisage's systems annually deliver, through 1,500 U.S. systems in 1,200 locations in 15 states, more than 25 million high-quality and high-security digital-identification documents for government agencies responsible for issuing drivers' licenses, social services cards and law enforcement credentials.

About Unisys

Unisys is an e-business solutions company whose employees help customers in 100 countries apply information technology to seize opportunities and overcome challenges of the Internet economy. Unisys people integrate and deliver the solutions, services, platforms and network infrastructure required by business and government to transform their organizations for success in this new era. The company offers a rich portfolio of Unisys e-@ction Solutions for e-business based on its expertise in vertical industry solutions, network services, outsourcing, systems integration and multivendor support, coupled with enterprise-class server and related technologies. The primary vertical markets Unisys serves worldwide include financial services, transportation, communications, publishing and commercial sectors, as well as the public sector, including federal government customers. Unisys is headquartered in Blue Bell, Pennsylvania, in the Greater Philadelphia area. For more information on the company, access the Unisys home page on the World Wide Web at www.unisys.com. Investor information can be found at www.unisys.com/investor.

Forward-Looking Statement

This news release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements in this document and those made from time to time by the Company through its senior management are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements concerning future plans or results are necessarily only estimates and actual results could differ materially from expectations. Certain factors that could cause or contribute to such differences include, among other things, potential fluctuations in quarterly results, the size and timing of award and performance on contracts, dependence on large contracts and a limited number of customers, lengthy sales and implementation cycles, changes in management estimates incident to accounting for contracts, availability and cost of key components, market acceptance of new or enhanced products and services, proprietary technology and changing competitive conditions, system performance, management of growth, dependence on key personnel, ability to obtain project financing, general economic and political conditions and other factors affecting spending by customers and other risks, uncertainties and factors including those described from time to time in the company's filings with the Securities and Exchange Commission, including without limitation, the company's Form 10K for the year ending December 31, 2000 and its quarterly reports on Form 10Q.

Unisys and e-@ction are registered trademarks of Unisys Corporation. FaceEXPLORER, FaceFINDER, FaceNET, FacePIN, FacePASS and FaceTOOLS are trademarks of Viisage Technology, Inc. All other brands and products referenced herein are acknowledged to be trademarks or registered trademarks of their respective holders.
Contact:

Unisys
Gail Ferrari, 215/986-4321
gail.ferrari@unisys.com
or
Investor Relations for Viisage:
Linda Decker, 212/564-4700
linda@plrinvest.com
or
Public Relations for Viisage
Michelle Amoroso, 617/367-0100, x110
mamoroso@gr2000.com