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SAN DIEGO, CA, April 18, 2002 - ImageWare Systems, Inc. (AMEX:IW) has signed an exclusive agreement with a first-year commitment of $1 million with Comprehensive Identification Products, Inc. (CIPI). Under the terms of this agreement, CIPI will distribute the EdiGuard IDX 380 Re-transfer Card Printer Subsystem in the Americas. This agreement was concluded by ImageWare's German subsidiary, Digital Imaging International GmbH. The IDX 380 Re-transfer Card Printer is manufactured for ImageWare by Victor Data Systems, a subsidiary of JVC Corporation, under an OEM agreement. ImageWare's German subsidiary is supplying the high security overlamination modules for the system. The IDX 380 Re-transfer Card Printer is the latest generation technology for the production of smart chip and optical storage cards, which have surged in demand since 9/11. The IDX 380 Re-transfer Card Printer dramatically improves the quality of the dye sublimation process typically used and offers greater reliability in personalizing chip cards with uneven surfaces. "Not only does this agreement complement ImageWare's law enforcement and smart ID card applications, but it will also generate revenue each time the IDX 380 Re-transfer Card Printer is used to print ID cards using ImageWare software," said Jim Miller, ImageWare CEO. "Additional revenue will be generated by offering ImageWare proprietary software and hardware extensions with the printing system and by capturing a share of recurring revenues through the sale of high security overlaminates with holograms." "This third generation Re-transfer Printer Subsystem sets new industry standards in quality and performance at a much more affordable price," Miller said. "The agreement with CIPI enhances the technology we offer our customers." "We are very gratified to be working with ImageWare Systems to distribute this printing system in the Americas," said Bill Kieckhafer, president of Comprehensive Identification Products. "This advanced printing technology makes possible a variety of smart cards and other security applications in demand post 9/11."
About ImageWare Systems, Inc.
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