Business Services Industry
Viisage PROOF Version 1.2 Offers Stronger Solution for Fighting Security Problems and Identity Fraud; Latest Product Advancements Strengthen the Verification of a Person's Identity, Tying Together Names, Faces and Credentials
Business Wire, June 2, 2005
BILLERICA, Mass. -- Viisage (Nasdaq: VISGE), a leading provider of advanced technology identity solutions, today announced the release of Viisage PROOF(TM) 1.2, an upgraded version of the Company's groundbreaking product for helping government agencies and commercial enterprises with the problems of verification and authentication of people and their identity documents. Combining the Company's product advancement with Viisage's face recognition one-to-one matching capabilities, Viisage PROOF offers credentialing authorities such as state departments of motor vehicles, law enforcement, government credentialing agencies, and financial institutions greater assurance in verifying a person's real identity.
Viisage PROOF was designed originally to meet the anticipated
requirements of the REAL ID Act(a), which was enacted to improve security for the US driver's license and personal ID cards by verifying a person's identity before issuing a driver's license or ID. Real ID Act mandates include document authentication, document image capture, identity verification and facial image capture. The Company has since found the product also fits well with requirements of Homeland Security Presidential Directive 12 (HSPD 12) and the financial industry's automation and compliance needs without impacting process efficiency in credentialing operations.
New functionality in Viisage PROOF 1.2 includes tighter integration with Viisage iA-thenticate document authentication platform, enabling address verifications in 220 countries and territories. Additionally, verification of a name and address associated with a telephone number can be made for US locations. Version 1.2 also adds functionality to automate the printing of a temporary visitor badge from the document authentication and identity proofing data. With this upgraded product functionality, Viisage PROOF 1.2 is ideal for visitor access control to secure buildings and locations. Further, the new version increases the capability to identify a person by adding additional demographic analysis.
Viisage will be demonstrating the new capabilities of Viisage PROOF(TM) at the upcoming American Association of Motor Vehicle Administrators (AAMVA) regional and international events.
(a) 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).
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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