Viisage Technology Announces Patent for Real Time Face Recognition Surveillance
LITTLETON, Mass.–(BUSINESS WIRE)–Sept. 26, 2001
Viisage Technology, Inc. (NASDAQ: VISG), the leader in face-recognition technology and identification systems and solutions that improve security and conveniently protect personal privacy, announced today that a patent for real time facial recognition has been issued to its technology partner LAU Technologies.
Under its cross-licensing arrangements with LAU, Viisage has exclusive rights to use this technology in its markets.
Tom Colatosti, Viisage president and CEO, said, “This patent is extraordinarily important for surveillance applications like those we have successfully deployed at the Super Bowl and in more than 100 casinos worldwide. Of particular current importance, this technology is being considered at airports, national ports of entry and sporting and entertainment facilities.” This patent, U.S. Patent No.6292575, is the critical technology that enables the real time capture of images that are then matched to previously stored images on databases. This patented technology, along with other patents and technologies owned or licensed to Viisage, enables its customers to scan images and match images in databases in less than one second.
According to Francis Cusack, LAU’s Director of Engineering, “Anyone wishing to capture an image, compare it to a database and report the results in a timely manner to interdict someone, will find this patent to be of vital use. Our team is very proud that the Patent Office has recognized our achievement. When we invented this approach, we never imagined it would some day be so important to the nation.”
Colatosti added, “While real time face recognition image processing is our unique proprietary technology, we recognize our responsibility to national and international security and therefore we will license our technology to other qualified biometric companies as well as end user customers, application providers and system integrators.”
Viisage Technology is the world leader in biometric face-recognition technology and identification systems and solutions that enhance consumer convenience, improve security and protect personal privacy. Originally developed at MIT, Viisage’s patented, accurate, non-intrusive and cost-effective face-recognition technology is widely acknowledged for its unmatched performance including speed in real-time applications, scalability for managing large image databases, and systems integration for complete customer solutions.
Viisage provides a full family of face recognition products. FaceEXPLORER(TM) is a powerful and scalable image retrieval and analysis database product, used to combat identity fraud — it is implemented in the world’s largest face recognition system with more than eight million enrolled images. FaceFINDER(TM), acclaimed for its processing speed, is the industry’s most widely implemented surveillance and identification system — it is installed in more than 80 casinos worldwide and has been deployed to improve security at premier sporting events. FaceNET(TM) provides secure authentication for PC, Internet and e-commerce connections. FacePIN(TM) offers consumers convenient and private verification for point-of-sale transactions such as ATMs. FacePASS(TM) is a practical security solution for keyless entry to secure facilities, such as offices, dormitories and government facilities. FaceTOOLS(TM) is a leadership Software Developers Kit that enables application providers the ability to develop and customize unique customer and market applications.
Additionally, Viisage’s systems annually deliver, through 1,500 U.S. systems in 1,200 locations in 15 states, more than 25 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 contains 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, 2000 and its quarterly reports on Form 10Q.
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