Viisage and Identix Merge to Form L-1 Identity Solutions, Reflecting a Singular Focus on Protecting and Securing Personal Identities; Company's Stock Will Trade at NYSE:ID; CEO and Chairman Robert LaPenta to Ring Opening Bell Tomorrow

Business Wire, August 29, 2006

STAMFORD, Conn. -- The merger between Viisage Technology, Inc. (NASDAQ: VISG) and Identix Incorporated (NASDAQ: IDNX) was approved by shareholders and the Boards of Directors of both companies today, with the combined company now operating as L-1 Identity Solutions, Inc. The company's shares will trade on the New York Stock Exchange as "ID" beginning August 30, 2006.

The portfolio of L-1 Identity Solutions companies - Viisage and Identix, together with Integrated Biometric Technology, SecuriMetrics, Inc., and Iridian Technologies, Inc. - offers the most comprehensive and technologically-advanced set of solutions for protecting and securing personal identities and assets. The L-1 Identity Solutions companies have a combined 20-year history of trust and reliability in the private and public sector gained by solving the toughest problems associated with credentialing and managing human identity.

L-1 Identity Solutions will be led by Robert V. LaPenta, Chairman of the Board, President and Chief Executive Officer. Mr. LaPenta is set to ring the opening bell of the New York Stock Exchange tomorrow, Wednesday, August 30, 2006 at 9:30 a.m. to commemorate the company's first full day of trading on the Exchange.

"This is truly a defining moment for the company as we head into a new era of delivering customer-focused solution sets that combine the industry's best and most innovative technology, together with deep insight into our customers' unique needs," said Robert V. LaPenta, Chairman of the Board, President and Chief Executive Officer of L-1 Identity Solutions. "We are setting a new standard for the industry with our approach and will continue to seek ways in which we can act as leaders of positive change for the industry."

Based on Viisage's closing price on Monday, August 28, 2006, L-1 Identity Solutions has an aggregate market capitalization of approximately $1.1 billion. The Company expects fourth quarter revenue of approximately $60 million and Adjusted EBITDA of $15-$17 million.

Customer-Focused Solutions

L-1 Identity Solutions is deeply committed to meeting the needs of its customers. To continue to leverage relationships and intellectual property acquired through decades of servicing individual client needs, the pre-existing companies will continue to operate and develop their products and services as divisions of L-1 Identity Solutions. This includes Viisage, Identix, Integrated Biometric Technologies, SecuriMetrics and Iridian.

L-1 Identity Solutions also developed a set of highly focused solutions that combines the best products and services of the respective companies to address the identity needs of specific customer sets. These include a focus on the federal, civil, criminal, commercial, border and management markets. Customers can use the L-1 Identity Solution offerings as best-of-breed point products, or together as an end-to-end solution for solving a variety of identity-related challenges.

"The emergence of L-1 Identity Solutions as a best-of-breed and end-to-end identity management company signifies the coming-of-age of biometric technology specifically and all advanced identity authentication and verification applications holistically," commented Frost & Sullivan Business & Financial Services Analyst, Rob Allen. "The new organization is well-positioned globally to be involved in critical government deployments as well as commercial applications of all sizes. L-1 will appeal to all client types because it has strong capabilities in core identity management solutions, an experienced management team and driven technical staff."

Company Offers a Unique and Strategic Combination

The L-1 Identity Solutions companies offer added value to customers and investors that includes:

--Experienced management team executing a strategic growth plan that is based on a disciplined fiscal approach developed through decades of professional company management experience.

--Notable Board of Directors that includes former directors of the FBI and CIA, former Deputy Secretary of the Department of Homeland Security, and others who bring first-hand knowledge and experience in the world's most challenging identity-related security environments.

--Comprehensive end-to-end solutions designed for specific customer markets that encompass the identification of people through biometrics; proofing, enrollment, process and verification of identity data; and production and authentication of secure identity credentials.

--Multi-modal biometric offering for mobile and fixed operating environments that combines the most accurate means of recognizing an individual via their fingerprint, facial image and iris pattern.

--Meeting federal identity needs at all levels, from federal agencies and programs such as Homeland Security Presidential Directive 12 (HSPD-12), passports and visas; to federal mandates such as Transportation Workers Identification Card (TWIC), U.S. DoD Common Access Card (CAC), and Registered Traveler Program (RT).

--Addressing each step of the secure credentialing process, from identity proofing and enrollment, to verification and issuance. The company has developed more than 2,000 card types and produced in excess of 165 million identification credentials across the U.S. and globally including national ID cards, voter registration cards, entitlements cards and driver's licenses.