Viisage Launches ID-Guard(R), a Breakthrough Identity Document Authentication Solution Providing Significant Cost of Ownership R
14 Novembre 2005 - 1:30PM
Business Wire
Viisage (Nasdaq: VISG), a leading provider of advanced technology
identity solutions, today unveiled ID-Guard(R), an image scanner
that automatically authenticates identity documents such as
drivers' licenses and ID cards. The innovative ID-Guard(R) product
takes seconds to determine the authenticity of an identity document
and helps reduce identity fraud in the banking, law enforcement and
driver's license markets. Its small size and low total cost of
ownership also make it ideal for service-counter and in-vehicle
mobile environments. "Viisage is the only company offering a
cost-effective document authenticator and this new solution further
extends our lead in the identity solutions market," commented
Bernard Bailey, President and CEO of Viisage. "In addition to
saving time and money with ID Guard, our customers also can quickly
authenticate identity documents -- essential requirements in
addressing growing concerns over possible identity theft and
fraud." Identity fraud is one of the fastest growing crimes in the
United States, costing the business community over $1 billion in
losses according to a study by Gartner Group(1). With identity
fraud cases on the rise, ID-Guard is a timely solution for markets
dealing with criminals using fake drivers' licenses as tools to
open fraudulent accounts or gain access to privileged information.
ID-Guard is not only a new tool for investigators, but we also
believe it will be a powerful deterrent to identity fraud. In
addition, the low cost of ownership model ensures that distribution
throughout an organization is an affordable endeavor. "Viisage's
ID-Guard product is unmatched in its capabilities to perform full
document authentication and is a much needed tool for law
enforcement, motor vehicle agencies and financial institutions in
their fight against identity fraud," said Jim Ebzery, Senior Vice
President of Customer Solutions at Viisage. "This product will
greatly assist our ability to help all organizations successfully
thwart the identity theft concerns that they are faced with today."
The USA PATRIOT Act and the REAL ID Act both require organizations
to now focus on the people to whom they are issuing secure identity
credentials and whom they are authorizing to access privileges such
as new bank accounts. ID-Guard meets the critical needs of these
organizations to assess the authenticity of identity documents and
record their efforts to check these documents. ID-Guard is the
newest development within the broad range of Viisage products that
utilize a variety of end-to-end identity solutions including
biometrics, secure credential issuance and identity information
software, based on the layered applications approach to identity
solutions. This solution builds on Viisage's proven track record of
success for document authentication product lines that have an
installed base of thousands of units that are helping to secure
border crossings around the world. ID Guard enables: -- Automated
data capture and authentication of CR80/ID1 size documents through
images, demographic information and searching for hidden security
features. -- Detailed images - designed using several light sources
- to perform multiple security checks which have been predefined
for each ID document. -- Use of an image scanner, focusing on
widely used ID1/CR80 sized documents, to create a unit that is a
fraction of the size and weight of previous offerings. --
Verification of the machine readable zone (MRZ) for ICAO ID1 size
documents, by using the built-in bar-code and magnetic stripe
reading capability, with B900 ink presence confirmation and user
applications population with information captured from the
document. ID-Guard also is available with optical character
recognition (OCR) functionality, enabling the capture and
comparison of printed text to machine readable information. Viisage
executives will be demonstrating the capabilities of ID Guard at
the BAI Retail Delivery Conference in Orlando, Florida on November
15 - 18 and at the Cartes 2005 Exhibition and Conference from
November 15 - 17 in Paris, France. (1) Study conducted by Harris
Interactive and Gartner in 2003. About Viisage Viisage (NASDAQ:
VISG) 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), Viisage
iA-thenticate(R), BorderGuard(R), IdentityTOOLS(TM),
IdentityEXPLORER(TM), 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, developments
with respect to litigation to which we are a party, 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, 2004 and its quarterly reports on Form
10-Q. Viisage expressly disclaims any obligation to update any
forward-looking statements.
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