ImageWare Systems Acknowledged As One Of San Diego’s Fastest Growing Technology Companies
SAN DIEGO, CA, September 8, 2003 - ImageWare Systems, Inc. (AMEX: IW)
today announced its recognition as one of San Diego’s fastest growing technology companies by Deloitte & Touche LLP, one of the nation’s leading professional services firms. As part of the prestigious Technology “Fast 50” program, rankings are based upon the percentage of growth in fiscal year revenues over five years, from 1998 – 2002.
“The Deloitte & Touche San Diego Technology Fast companies have shown the strength, vision and temerity to succeed despite a very challenging technology environment,” said Helen Adams, partner of Deloitte & Touche’s San Diego office. “We applaud the successes of ImageWare Systems and acknowledge their place as one of the very few to accomplish such a fast growth rate over the past five years.”
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 1998 and $1,000,000 in 2002, must be public or private companies headquartered in North America, and be a "technology company" defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues (using other companies' technology in a unique way does not qualify); and/or devoting a significant proportion of revenues to research and development of technology.
“We are pleased to be a part of this prestigious award for the third consecutive year in a row,” commented Jim Miller, ImageWare’s chairman and CEO. “This award is a direct result of greater demand for our digital imaging and identification management solutions within the government, law enforcement and professional photography markets, and an increased ability to compete worldwide. We look forward to the continued success of our Company.”
About ImageWare Systems, Inc.
ImageWare Systems, Inc. (AMEX:IW), is a leading developer and provider of identity management solutions, providing biometric, secure credential, law enforcement and digital imaging technologies. Scalable for worldwide deployment, the Company's biometric product line includes a multi-biometric engine that is hardware and algorithm independent, enabling the enrollment and management of unlimited population sizes. ImageWare's identification products are used to manage and issue secure credentials including national IDs, passports, driver licenses, smart cards and access control credentials. ImageWare's digital booking products provide law enforcement with integrated mug shot, fingerprint Livescan and investigative capabilities. The Company also provides comprehensive digital workflow solutions for the professional photography industry. ImageWare is headquartered in San Diego, with offices in Washington DC and Canada. For more information visit www.iwsinc.com.
Safe Harbor Statement
This news release may contain forward-looking statements made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. While these statements are meant to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. While management believes such representation to be true and accurate based on the information available to the company, actual results may differ materially from those described. The company's operations and business prospects are always subject to risks and uncertainties. Important facts that may cause actual results to differ are set forth in the company’s periodic filings with the U.S. Securities and Exchange Commission.
