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

To: R. Jaynes who wrote (9299)	7/15/1998 7:54:00 AM
From: g.w. barnard	Read Replies (1) \| Respond to of 26039

r, just in, hope the mkt wakes up soon, i'm taking a beating at these levels: gw ====================================================================== SUNNYVALE, Calif.--(BUSINESS WIRE)--July 15, 1998--Identix Inc. (ASE:IDX), a leading provider of worldwide live-scan and biometric verification systems, Wednesday announced that its ANADAC subsidiary was awarded a contract option by the U.S. Navy to provide financial and acquisition management services for combat system equipment provided to DDG 51-class ships. The option is a continuation of a previous three-year Navy contract. The modification is valued at more than $5.5 million over the next 12 months. Identix Chairman, President and Chief Executive Officer Randall C. Fowler commented, "This contract modification continues a trend of strategic and financial successes for our ANADAC subsidiary and positions us to provide the Navy with quality support into the next century. Our decade-long relationship with the Navy is a testament to ANADAC's high quality service and to our dedication to customer satisfaction." The Systems Acquisition Division of the Program Executive Office for Theater Air Defense and Surface Combatants is responsible for acquisition and management of all government furnished on AEGIS-class ships for both the Navy and foreign military sales. This Division has long been a mainstay in ANADAC's list of customers. Identix is a leader in designing, developing, manufacturing and marketing products for the capture and/or comparison of fingerprints for security, anti-fraud, law enforcement and other applications. The statements in this release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties, including risks associated with uncertainties pertaining to customer orders, orders from and contracts with government entities, availability of government funds, demand for products and services, development of markets for the company's products and services and other risks as identified in the company's SEC filings. Actual results, events and performance may differ materially. The company undertakes no 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. CONTACT: Allen & Caron Inc. Damon Wright (investors) Owen Daley (media) 714/957-8440 KEYWORD: CALIFORNIA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED GOVERNMENT Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 1998, Business Wire