ImageWare Systems, Inc. (AMEX: IW), a leading developer of identity management solutions, has received new orders totaling $3.5 million, the majority of which were received in the past two weeks. The orders are from multiple customers for the company�s biometric identity management, secure credential and law enforcement solutions. The largest order is through a systems integrator partner to provide an international transportation security authority credential program. During the first quarter, management expects to recognize revenue of $1.3 million from the $3.5 million in orders, with the remainder to be delivered and recognized throughout the year. �These new orders validate our business model of partnering with large integrators, demonstrates continued demand for our identity management solutions and showcases our interoperable and cross-functional solutions,� said Jim Miller, ImageWare�s chairman and CEO. �The international transportation security project exemplifies our strategy and ability to integrate our solution into large-scale biometric programs. Through our expanded relationships with major systems integrators and government organizations, we look forward to delivering more of our solutions as we broaden our customer base and increase our offerings to existing customers.� About ImageWare Systems, Inc. ImageWare Systems, Inc. (AMEX:IW) 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. Safe Harbor Statement This news release may contain forward-looking statements made pursuant to the �safe harbor� provisions of the Private Securities Litigation Reform Act of 1995. While these statements are meant to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. While management believes such representation to be true and accurate based on the information available to the company, actual results may differ materially from those described. The company's operations and business prospects are always subject to risks and uncertainties. Important facts that may cause actual results to differ are set forth in the company�s periodic filings with the U.S. Securities and Exchange Commission.
Imageware (AMEX:IW)
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