Iridian Technologies and BioconX Sign Reseller Agreement; Alliance to Advance and Accelerate Deployment of Biometrics for IT Security

Business Wire, July 25, 2001

Business Editors/High-Tech Writers

MOORESTOWN, N.J. & MINNEAPOLIS--(BUSINESS WIRE)--July 25, 2001

Iridian Technologies, Inc., a leading biometrics company and exclusive developer of iris recognition technology, and BioconX, Inc., a developer of network security software that applies biometrics to fortify network and application security, announce the signing of a reseller agreement. Under the agreement, BioconX will market and distribute Authenticam(TM) and other biometric devices that use Iridian's iris recognition technology, and Iridian Technologies will promote BioconX network security software.

"Customers using our software to fortify network security want the flexibility to choose the biometric technology that best fits their environment," says Thor Christensen, president and chief executive officer of BioconX. "With this agreement, we can now meet the market's growing demand for iris recognition."

"To effectively safeguard IT assets, customers seek to deploy biometric solutions with network security software," says Bill Voltmer, president and chief executive officer of Iridian Technologies. "BioconX software, together with iris recognition technology, provides a cross-platform, enterprise solution to authenticate user identity and replace passwords with convenience."

Iris recognition technology identifies individuals by the unique pattern of the iris, the colored ring around the pupil of the eye. Iris recognition is the most accurate, scalable, fast, and non-invasive biometric technology in the world. With Iridian's patented Private ID(TM) software, iris recognition devices capture images of the eye from a comfortable distance -- without bright lights, lasers, or physical contact with the eye -- using standard video technology.

BioconX software authenticates the identity of users with one-to-many search of centrally stored biometric templates. It instantly allows users to access all servers, and launch any application, for which they have authorization with one single, simple, and secure biometric sign-on. In March 2001, the company released BioconX version 3.0, featuring support of iris recognition technology. BioconX works with all major operating systems and applies biometric security all the way from the network level to applications themselves, without requiring any modification of application code. Wizards in the software guide IT professionals step-by-step through the process of creating users and application groups. BioconX also embeds network administration tools so that IT managers can control their networks and distribute applications as well as manage security.

About BioconX, Inc.

BioconX, Inc., Minneapolis, Minn., develops software that effectively applies biometrics to safeguard access to computer networks and applications. BioconX simplifies network administration and strengthens control over all applications. BioconX customers can assure their stakeholders that they are employing advanced software technology to fortify network security, reduce system administration and support costs, and sustain innovation. For more information about BioconX, visit www.bioconx.com.

About Iridian Technologies, Inc.

Iridian Technologies, Inc., Moorestown, N.J. and Geneva, Switzerland, leads the world in research, development, and marketing of authentication technologies based on iris recognition -- the most accurate biometric identifier. Holder of exclusive U.S. and international patients on the core concepts and technologies behind iris recognition, Iridian offers unparalleled security for physical facilities, information networks, and electronic transactions. With blue-chip investors and Fortune 1000 customers in banking, transportation, healthcare, and security as well as law enforcement and government, Iridian Technologies is committed to providing the authentication infrastructure critical for today's evolving e-commerce needs and tomorrow's wireless world. For more information, visit www.iridiantech.com.