ImageWare Systems Receives $3.1M in New Orders for Identity and Access Management
SAN DIEGO, CA, July 6, 2006 - ImageWare Systems, Inc. (AMEX: IW),
a leading developer and provider of identity management solutions, today announced that the company has received approximately $3.1M in new orders for the month of June for its identity management technologies. These new orders are from numerous organizations including GE Security (NYSE:GE), Raytheon Company (NYSE: RTN), Unisys Canada, local law enforcement and private sector customers for various projects.
“The diversity of these orders from large system integrators to local government and private enterprise clients shows the breadth and appeal of ImageWare’s identity management product suite,” said Jim Miller, ImageWare’s chairman and CEO. “We are pleased to be able to meet the sales targets we set during our conference call on May 31st. We are seeing unprecedented interest in our identity management products and look forward to continued increases in opportunities and sales.”
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.
