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

To: Bob Trocchi who wrote (502)	3/20/2003 7:00:45 AM
From: Glenn Petersen	Read Replies (1) \| Respond to of 536

Viisage soars 43 pct on expanded Defense contract LITTLETON, Mass., March 19 (Reuters) - Viisage Technology Inc. <VISG.O> said on Wednesday the U.S. Department of Defense expanded its licensing of the company's identity verification system, sending its shares 43 percent higher. Viisage makes face-recognition systems. It said the Defense Department's Combating Terrorism Technology Support Office uses such technology to compare facial images against databases of terrorists to help boost homeland security. Chief Executive Bernard Bailey said: "This contract paves the way for an expanded relationship between Viisage and the federal government." The Littleton, Massachusetts-based company provided no details on the contract. Viisage shares closed up $1.55 at $5.12, and were the No. 2 percentage gainer on the Nasdaq. The shares have fallen 19 percent in the last year. Viisage became a closely-watched company after the Sept. 11 attacks as demand for identity recognition systems rose. The company in the fourth quarter lost $3 million, or 15 cents per share, but revenue rose 26 percent from a year ago to $8.8 million. 03/19/03 16:18 ET