Viisage Technology CEO to Speak About Face-Recognition Technology and Privacy At Cyberposium TechShow 2001

Business Wire, Feb 8, 2001

Business/Technology Editors

LITTLETON, Mass.--(BUSINESS WIRE)--Feb. 8, 2001

Viisage to Exhibit at Premier MBA High-Technology Show

Organized by Students of the Harvard Business School

Viisage Technology, Inc. (NASDAQ: VISG), a leader in enabling e-commerce through face-recognition biometrics technology and in providing digital identification systems and solutions, announced today that President and CEO Thomas J. Colatosti will speak on "Facial Recognition Technology and Privacy" at the Cyberposium 2001 TechShow to be held at Harvard Business School's Spangler Center on Saturday, February 10th, from 11:00 a.m. until 4:00 p.m. Mr. Colatosti will be speaking from 1:30 p.m. until 1:50 p.m. in the Spangler Auditorium.

Viisage has recently received national and international publicity for deploying its face-recognition technology for security at the Raymond James Stadium in Tampa, FL., where Super Bowl XXXV was played.

Cyberposium is the premier high-technology conference uniting nearly two thousand MBA students and academics from around the world, and over 80 CEOs and founders, to interactively explore and share the latest provocative thoughts on technology and business. More than just challenging conventional wisdom, the conference provokes fresh ideas through frank and honest discourse on the issues that are most pressing for business leaders.

Viisage has been invited to exhibit its technology at TechShow 2001 and will be showcasing FaceFINDER(TM), their industry-leading face recognition surveillance and identification technology, and FacePASS(TM), an application which uses face-recognition technology for physical-access control. TechShow 2001 highlights cutting-edge products and technologies that have the potential to make a substantial impact on the way we live and do business.

The TechShow is free and open to the public. Additional information about Cyberposium, including media, panel schedules, logistics and directions to Harvard Business School campus can be found at www.cyberposium.com.

Viisage Technology, Inc. (NASDAQ: VISG), Littleton, Massachusetts, is a world leader in biometric face-recognition technology and in digital identification solutions. Viisage's face-recognition technology is widely recognized as the most convenient, non-intrusive and cost-effective biometric available. Viisage's patented face-recognition technology, originally developed at MIT, and its systems integration and software design capabilities, improve personal convenience, privacy and security while deterring identity theft and fraud.

FaceEXPLORER(TM), Viisage's technology for image retrieval and analysis, is recognized for its leadership technology performance in real-time and large-database applications. FaceEXPLORER is deployed in the world's largest face-recognition application with a database of more than 6 million images enrolled and growing by 15,000 new images per day. The product family of face-recognition applications also includes: FaceNET(TM) for Internet and e-commerce security; FacePIN(TM) for point-of-sale transactions verification; FacePASS(TM) used for physical-access control; and FaceFINDER(TM) for surveillance and identification.

Additionally, Viisage's systems annually deliver, through 1,500 U.S. locations in 13 states, more than 20 million high quality and high security digital identification documents for government agencies responsible for issuing drivers' licenses, social services cards and law enforcement credentials.

This news release may contain forward-looking statements that involve risks and uncertainties. Forward-looking statements in this document and those made from time to time by the Company through its senior management are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 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, potential fluctuations in quarterly results, the size and timing of award and performance on contracts, dependence on large contracts and a limited number of customers, lengthy sales and implementation cycles, changes in management estimates incident to accounting for contracts, availability and cost of key components, 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 and other risks, uncertainties and factors including those described from time to time in the company's filings with the Securities and Exchange Commission, including without limitation, the company's Form 10K for the year ending December 31, 1999 and its quarterly reports on Form 10Q.