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ImageWare Systems Announces New Stock Symbol “IWSY” |
| Companies mentioned in this article: |
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Unisys Corporation |
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| 5/8/2008 @ 8:03 AM
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ImageWare Systems, Inc. (IWSY), a leading developer and provider of identity management solutions, announced shares of its common stock commenced trading as “IWSY” on the pink sheets as of May 6, 2008. The company has also taken steps to become eligible for quotation on the NASD’s Over-the-Counter Bulletin Board (“OTCBB”).
Jim Miller, ImageWare’s chairman and CEO, stated, “Our relationships with large systems integrators continue to produce results. In fact, Unisys Canada, Inc., a wholly-owned subsidiary of Unisys Corp, announced on May 7th that it will be utilizing our IWS Biometric Engine Border Management Solution as a key component to replace the existing application used in Canadian Air Transport Security Authority’s (CATSA) Restricted Area Identification Card (RAIC) system. Unisys will leverage our solution to support the enrollment of airport workers, including biometric data, and the issuance of biometrically-enabled smart cards. The contract will run two years, followed by two additional two-year option periods. This award builds on our successful relationship with Unisys and exemplifies our ability to provide multi-modal biometric identity management solutions that are scalable, interoperable and cross-functional.”
The RAIC system enhances aviation security by verifying the identities of airport workers via biometrics and ensuring that only those workers with security clearance are permitted to enter restricted areas. It also allows CATSA to update the security clearance status of all 100,000 airport workers instantly at all airports across the country. The new system will utilize fingerprint and iris biometric technology to verify the identities of airport workers at 29 airports throughout Canada.
For more information on Unisys and the CATSA project, please visit www.unisys.com/about__unisys/news_a_events/05078877.htm.
About ImageWare Systems, Inc.
ImageWare Systems, Inc. is a leading developer of identity management solutions, providing biometric, secure credential and law enforcement technologies. Scalable for worldwide deployment, the Company’s biometric product line includes a multi-biometric engine that is hardware and algorithm independent, enabling the enrollment and management of unlimited population sizes. ImageWare’s identification products are used to manage and issue secure credentials including national Ids, passports, driver licenses, smart cards and access control credentials. ImageWare’s digital booking products provide law enforcement with integrated mug shot, fingerprint Livescan and investigative capabilities. ImageWare is headquartered in San Diego, with offices in Portland, OR, Washington DC and Canada. For more information visit www.iwsinc.com. |
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