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Viisage Announces Support for REAL ID Act with Proven Secure Driver's License Solutions to Assist States with New Standards
May-24-05
Viisage Identity Solutions Suite and Viisage PROOF(TM) Available to Help States Implement the Most Advanced and Secure Drivers' Licenses
Viisage (Nasdaq: VISGE), a leading provider of advanced technology identity solutions, today announced that its proprietary Identity Solutions fulfill the standards for U.S. drivers' licenses set by the REAL ID Act(1). Launched in late 2004, Viisage PROOF(TM) was designed to meet the anticipated requirements of the REAL ID initiative. The mandates set forth in the Act include document authentication, document image capture, identity verification, and digital facial image capture. Viisage has proven its capabilities in all of those areas with implementations around the world that address each of these requirements collectively and individually. The Company's experience with the U.S. driver's license issuing agencies makes Viisage uniquely positioned to help states reach compliance, maintain efficient processes and manage any incremental costs resulting from compliance with the new legislation.
The REAL ID Act, signed into law by President George W. Bush on May 11, 2005, is designed to improve security for drivers' licenses and personal ID cards. Part of the legislation defines standards for US drivers' licenses, including a prerequisite for verifying an individual's identity before issuing a driver's license. Viisage PROOF meets each of the specifications, and further provides instant analysis of a claimed identity using document authentication, biometric technology and verification of the person's information such as past addresses. This automated process allows jurisdictions to meet the new standards without slowing down the driver's license issuing process.
At the upcoming American Association of Motor Vehicle Administrators (AAMVA) regional and international events, Viisage will discuss and demonstrate the ways in which the Company's technology and solutions can enable REAL ID compliance in a timely manner.
"Viisage's experience with the driver's license issuing agencies has confirmed the need to combine off-the-shelf products with process and integration services," said Bernard Bailey, president and CEO of Viisage. "Using our experience, we can assist agencies with improving their efficiency while tackling the complexity of the verification and authentication processes. Viisage is already working with several states on advanced security programs that will help them comply with the Real ID Act to implement more secure systems."
The Viisage Identity Solutions Suite addresses the problems of providing secure driver's license credentials to residents. Specifically, the solutions Viisage delivers use the Company's proprietary identity verification, document authentication and biometrics as tools in the secure driver's license enrollment and issuance process as recommended in the Real ID Act. These solutions combine integration services with document scanners, facial imaging equipment and software tools, which enables states to implement secure authentication and identification processes. Viisage's identity solutions range from complete turnkey operations for secure driver's licenses to customized advanced solutions for identity proofing and biometric face recognition and fingerprint identification. This approach offers states the opportunity to advance the security and compliance aspects of their driver's license programs.
(1) The REAL ID Act is a provision of the Emergency Supplemental Appropriations Act for Defense, the Global War on Terror, and Tsunami Relief Act, 2005 (HR 1268).
About Viisage
Viisage (NASDAQ: VISGE) delivers advanced technology identity solutions for governments, law enforcement agencies and businesses concerned with enhancing security, reducing identity theft, and protecting personal privacy. Viisage solutions include secure credentials such as passports and drivers' licenses, biometric technologies for uniquely linking individuals to those credentials, and credential authentication technologies to ensure the documents are valid before individuals are allowed to cross borders, gain access to finances, or granted other privileges. With over 3,000 installations worldwide, Viisage's identity solutions stand out as a result of the Company's industry-leading technology and unique understanding of customer needs. Viisage's product suite includes FaceTOOLS(R) SDK, Viisage PROOF(TM), FaceEXPLORER(R), iA-thenticate(R), BorderGuard(R), FacePASS(TM) and FaceFINDER(R). http://www.viisage.com
This news release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements in this document and those made from time to time by Viisage through its senior management are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the Company's current views with respect to the future events or financial performance discussed in this release, based on management's beliefs and assumptions and information currently available. When used, the words "believe", "anticipate", "estimate", "project", "should", "expect", "plan", "assume" and similar expressions that do not relate solely to historical matters identify forward-looking statements. Forward-looking statements concerning future plans or results are necessarily only estimates and actual results could differ materially from expectations. Certain factors that could cause or contribute to such differences include, among other things, the size and timing of contract awards, performance on contracts, availability and cost of key components, unanticipated results from audits of the financial results of the Company and acquired companies, changing interpretations of generally accepted accounting principles, outcomes of government reviews, potential fluctuations in quarterly results, dependence on large contracts and a limited number of customers, lengthy sales and implementation cycles, market acceptance of new or enhanced products and services, proprietary technology and changing competitive conditions, system performance, management of growth, dependence on key personnel, ability to obtain project financing, general economic and political conditions and other factors affecting spending by customers, the unpredictable nature of working with government agencies and other risks, uncertainties and factors including those described from time to time in Viisage's filings with the Securities and Exchange Commission, including without limitation, Viisage's Form 10-K for the year ended December 31, 2003 and its quarterly reports on Form 10-Q. Viisage expressly disclaims any obligation to update any forward-looking statements.
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