Viisage Awarded New Contract With The State Of Ohio
14 December 1999
Viisage Awarded New Contract With The State Of OhioLITTLETON, Mass., Dec. 13 -- Viisage Technology, Inc. , a leader in the emerging field of biometrics technology and in providing identification systems and solutions, today announced that it has been awarded a new $2.6 million contract to maintain and support the digital drivers program with the Ohio Department of Public Safety's Bureau of Motor Vehicles. Tom Colatosti, Viisage President and Chief Executive Officer, said, "Ohio was Viisage's first customer to implement an over-the-counter, instant issuance, digital driver's license. Therefore, it is particularly gratifying to be able to continue to serve them under this new contract." Colatosti added, "From the beginning, our strategy has been to invest in leadership technology and quality service to develop long-term customer relationships. This business strategy protects our customers' technology investments and enables Viisage to plan on a more predictable longer-term revenue stream." With driver's license contracts in 11 states, Viisage now provides nearly one-third of all U.S. drivers' licenses. Viisage is a leader in the emerging field of biometrics and in providing digital identification systems and solutions. The Company focuses on identification solutions that improve personal convenience and security; deter fraud and reduce identification program costs. Viisage combines its systems integration and software design capabilities with its proprietary software and hardware products and other best-in-class products to create complete customized solutions. Applications can include drivers' licenses, voter registration, national ID's, law enforcement and social services. Viisage systems annually produce more than 20 million identification documents at more than 1,500 locations in 13 states. Viisage is also commercializing patented facial recognition technology for access control, PC network and Internet access security and the real-time large database identification and verification of individuals. Viisage Technology is on the World Wide Web at http://www.viisage.com. 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 technology, competitive conditions, system performance, management of growth, dependence on key personnel, risks of year 2000 issues and general economic and political conditions and other factors affecting spending by customers. For more information on Viisage, via fax at no charge, dial 1-800-PRO-INFO and enter ticker symbol VISG.