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Technology Stocks : Identix (IDNX) -- Ignore unavailable to you. Want to Upgrade?

To: steve who wrote (25379)	12/19/2003 9:26:43 AM
From: steve	Read Replies (1) \| Respond to of 26039

U.S. Department of Homeland Security Orders $2.6 Million of Drexler Technology's LaserCard Optical Memory Cards for Use as Enhanced ''Green Cards'' MOUNTAIN VIEW, Calif., Dec 19, 2003 (BUSINESS WIRE) -- Drexler Technology Corporation (Nasdaq:DRXR) has received a $2.6 million LaserCard order for newly enhanced Permanent Resident Cards ("Green Cards") for the U.S. Department of Homeland Security. The order calls for deliveries from December 2003 through May 2004. The enhanced Green Card design beginning with this order will add new security technology, including the incorporation of Drexler's high security optically variable device (OVD) diffraction pattern into the card's optical media. This newly developed OVD feature provides unique visual and optical characteristics that allow immediate authentication of the card media. Additionally, a portrait of George W. Bush was added to the border of the optical media so that the card contains the ultra-micro-images of all 43 United States Presidents. The Green Card's graphic design also was upgraded, to include the name and official seal of the U.S. Department of Homeland Security. These upgrades, in addition to the 1,000 optical card read/write drives recently purchased from Drexler Technology for installation at various U.S. points of entry, add significant value to the U.S. government's investment in secure optical memory card biometric verification systems. The government card order was received through a value-added reseller, Virginia-based Information Spectrum, Inc. (www.ispec.com), now a unit of Anteon International Corporation (NYSE:ANT), under a five-year, U.S. government procurement subcontract awarded to the Company in June 2000. Drexler Technology has manufactured over 21 million digital ID cards for the U.S. government since 1997, including U.S. Permanent Resident Green Cards and U.S.-Mexico Border Crossing Cards (BCCs). Drexler also makes the Canadian government's Permanent Resident Cards and Italy's new national ID cards. Drexler Technology Corporation (www.drexlertechnology.com) and its wholly owned subsidiary, LaserCard Systems Corporation (www.lasercard.com) are based in Mountain View. Drexler Technology manufactures LaserCard(R) optical memory cards and chip-ready Smart/Optical(TM) cards. LaserCard Systems Corporation manufactures optical card read/write drives; develops optical card system software; and markets optical memory cards, card-related data systems, and peripherals. Forward-Looking Statements: All statements contained in this press release that are not historical facts are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. They are not historical facts or guarantees of future performance or events. Rather, they are based on current expectations, estimates, beliefs, assumptions, and goals and objectives and are subject to uncertainties that are difficult to predict. As a result, our actual results may differ materially from the statements made. Often such statements can be identified by their use of words such as may, will, intends, plans, believes, anticipates, visualizes, expects, and estimates. Forward-looking statements made in this release include statements regarding the Company's U.S. government business. These forward-looking statements are based upon our assumptions about and assessment of the future, which may or may not prove true, and involve a number of risks and uncertainties including, but not limited to, the U.S. government's right to delay or withhold order releases, as well as other risk factors detailed in the Company's Form 8-K, 10-K, and 10-Q filings with the Securities and Exchange Commission. Due to these and other risks, the Company's future actual results could differ materially from the Company's expectations. These forward-looking statements speak only as to the date of this release, and, except as required by law, we undertake no obligation to publicly release updates or revisions to these statements whether as a result of new information, future events, or otherwise. SOURCE: Drexler Technology Corporation Drexler Technology Corp., Mountain View J. Protsik, 650-969-7277 newsalert.com steve