ImageWare Systems Awarded $1.3m Contract From Raytheon for IWS™ Biometric Engine®
SAN DIEGO, CA, June 20, 2006 - ImageWare® Systems, Inc. (AMEX: IW),
a leading developer and provider of identity management solutions, today announced that the company has been awarded a contract, valued in excess of $1.3M, from Raytheon Company (NYSE: RTN) for its IWS™ Biometric Engine®. The product is expected to be delivered over Q2 and Q3 2006.
The IWS™ Biometric Engine® is a scalable, multi-biometric enrollment, management and identification platform, enabling users to biometrically search and match populations of unlimited sizes for identity confirmation. Searches can be 1:1 (verification), 1:N (identification), X:N (investigative) and N:N (enrollment integrity). The IWS™ Biometric Engine® is available as part of a Web-based, biometric enrollment, identification, verification and investigative application or as a platform that enables system integrators to build custom identity management applications or incorporate biometric enrollment, search and authentication functionality into existing applications.
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.
