SAN DIEGO, Sept. 19, 2001 (PRIMEZONE) -- ImageWare Systems, Inc. (AMEX:IW) today announced it will provide proprietary software to the Seattle-Tacoma International Airport (SeaTac) in support of airport badging, training, and other security functions. ImageWare will work with the Port of Seattle, the property owner/manager of SeaTac, to replace and upgrade the badging/identification system at the airport. Installation of the software is expected to be completed by the end of this year. Terms of the transaction were not announced.
The Port of Seattle has contracted to purchase ImageWare's WinBadge(r) Aviation product, a digital photo identification software system designed specifically for the airport industry. It is a customizable, full-featured system for the large-scale production of professional, tamper-resistant photo identification cards.
"We are pleased to expand our current relationship with the Port of Seattle with our next generation software," said Jim Miller, ImageWare chairman and chief executive officer. "We have been working with the Port since May to make an assessment of the system requirements and functionality. Our advanced software will form the core of an integrated information system necessary to administer the upgraded identification and security program at SeaTac airport."
About ImageWare Systems:
ImageWare Systems, Inc. develops and markets software used to create and manage databases of digital images and accompanying text records. Through its ID Group, ImageWare creates software products that allow customers to create secure and smart digital identification documents. Through its C.R.I.M.E.S.(r) product line, ImageWare empowers its customers to quickly capture, archive, search, retrieve, and share digital photographs and criminal history records on a stand alone, networked or web-based platform. Through its Digital Photography Systems Group, ImageWare creates software and web-based solutions for professional photographers to capture and modify digital photos for events such as sports or weddings, school photos and studio portraits.
Certain statements in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. All forward-looking statements included in this release are based on information available to us as of the date hereof and we assume no obligation to update any forward-looking statements. Forward-looking statements involve known or unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements, or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include but are not limited to: fluctuations in our operating results; continued new product introductions and market acceptance of our new products; new product introductions by competitors; risks associated with our dependence on a small number of large sales to customers with political purchasing constraints; risks related to our lengthy sales cycle; our reliance on third party systems integrators and on third party technology licenses; technological changes in the digital imaging industry; uncertainties regarding intellectual property rights; risks related to our acquisition strategies and the integration of acquired companies; and the other factors including, but not limited to, the items discussed under "Risk Factors" contained in our Report on Form 10-QSB for the quarter ending March 31, 2001.