Viisage Technology and Xybernaut Complete Agreement to Combine
Viisage Technology and Xybernaut Complete Agreement to Combine Face Recognition
Solutions With Wearable Computer Platforms
Advanced Face Recognition Technology Offers Secure Method for Increasing
Privacy, Security and Convenience of Individuals Using Wearable/Mobile Devices
LITTLETON, Mass., May 28 /PRNewswire-FirstCall/ --
Viisage Technology, Inc. (Nasdaq: VISG), the leader in face-recognition
technology and identification systems and solutions, announced today that it
has completed a co-marketing agreement with Xybernaut Corporation
(Nasdaq: XYBR), the leading provider of wearable/mobile computer solutions, to
combine face recognition solutions with mobile/wearable computer platforms.
Both companies are working together to integrate Viisage's advanced face-
recognition technology onto Xybernaut's wearable/mobile computer solutions.
Configurations include flat panel or head-mounted displays and camera systems
that are ideal for remote surveillance and authorization applications. By
combining their technologies, Viisage and Xybernaut will offer complete
solutions to customers requiring face recognition surveillance or access
verification with maximum mobility and hands-free operation.
Marc Hodosh, Viisage's Director of Business Development commented,
"Xybernaut pioneered wearable computers in the early 90's and they continue to
be a leader today. Together, we will be able to provide unprecedented
solutions to a variety of markets that require the utmost in security and
convenience."
Perry Nolen, President of Xybernaut Solutions said, "Viisage is recognized
as a world leader in face-recognition technology. Integrating their leading
technology with Xybernaut mobile solutions and other biometric applications
will open entirely new markets by providing customers with an entirely new
realm of identification and security solutions."
Commenting on the partnership, Tom Colatosti, Viisage president and CEO,
added, "We are delighted to establish a strategic partnership with an
industry-leading company like Xybernaut. This allows us to offer the best-in-
class solutions to the mobile computer and wearable device marketplace. We
look forward to working with Xybernaut, whose customers include major Fortune
500 companies as well as a number of government and defense agencies. The
combined expertise, vision, and unique products of both companies bring
exciting opportunities to the marketplace."
About Xybernaut Corporation
Xybernaut Corporation is the leading provider of wearable/mobile computing
hardware, software and services. The company, which pioneered wearable
computing, brings communications and full-function computing power in a
hands-free design to people when and where they need it. Headquartered in
Fairfax, Virginia, Xybernaut has offices and subsidiaries in Europe (Germany)
and Asia (Japan).
About Viisage Technology
Viisage Technology, Inc. (Nasdaq: VISG) is the world leader in biometric
face-recognition technology and digital 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 databases and ease of use in
systems integration for complete customer solutions. Viisage delivers
annually through 1,500 U.S. systems in 1,200 locations in 17 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. In addition, its technology is
installed at more than 150 casinos worldwide. Visit Viisage's website at
www.viisage.com
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, 2001 and its quarterly reports on Form 10Q.
COMPANY Tom Colatosti, President and CEO, Viisage Technology
CONTACT: (978) 952-2211
Milt Alpern, CFO
(978) 952-2264
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SOURCE Viisage Technology, Inc.
-0- 05/28/2002
/CONTACT: Tom Colatosti, President and CEO, +1-978-952-2211, or Milt
Alpern, CFO, +1-978-952-2264, both of Viisage Technology/
/Web site: viisage.com
(VISG XYBR) |
