SAN DIEGO, April 18 /PRNewswire-FirstCall/ – Security technology companyImageWare Systems, Inc. (Amex: IW) has signed an exclusive agreement with a
first-year commitment of $1 million with Comprehensive Identification
Products, Inc. (CIPI). Under the terms of this agreement, CIPI will
distribute the EdiGuard IDX 380 Re-transfer Card Printer Subsystem in the
Americas. This agreement was concluded by ImageWare’s German subsidiary,
Digital Imaging International GmbH. The IDX 380 Re-transfer Card Printer is
manufactured for ImageWare by Victor Data Systems, a subsidiary of JVC
Corporation, under an OEM agreement. ImageWare’s German subsidiary is
supplying the high security overlamination modules for the system.
The IDX 380 Re-transfer Card Printer is the latest generation technology
for the production of smart chip and optical storage cards, which have surged
in demand since 9/11. The IDX 380 Re-transfer Card Printer dramatically
improves the quality of the dye sublimation process typically used and offers
greater reliability in personalizing chip cards with uneven surfaces.
“Not only does this agreement complement ImageWare’s law enforcement and
smart ID card applications, but it will also generate revenue each time the
IDX 380 Re-transfer Card Printer is used to print ID cards using ImageWare
software,” said Jim Miller, ImageWare CEO. “Additional revenue will be
generated by offering ImageWare proprietary software and hardware extensions
with the printing system and by capturing a share of recurring revenues
through the sale of high security overlaminates with holograms.
“This third generation Re-transfer Printer Subsystem sets new industry
standards in quality and performance at a much more affordable price,” Miller
said. “The agreement with CIPI enhances the technology we offer our
“We are very gratified to be working with ImageWare Systems to distribute
this printing system in the Americas,” said Bill Kieckhafer, president of
Comprehensive Identification Products. “This advanced printing technology
makes possible a variety of smart cards and other security applications in
demand post 9/11.”
About ImageWare Systems, Inc.
ImageWare Systems, Inc. is a security technology company that specializes
in digital imaging for crime-solving and smart ID. Through its ID product
line, ImageWare applies its core technology to create secure identification
systems. The company’s smart card ID systems include an associated
information database, and are designed to provide facility security for public
and private organizations including airports, universities, government
agencies and businesses of all sizes. 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. ImageWare clients include the
United Nations, the US Senate and House of Representatives, FBI and the New
York Police Department, as well as corporations including Prudential
Insurance, IBM, Volkswagen AG, JP Morgan Bank, Viacom and Intel. Through its
Digital Photography Systems Group, ImageWare creates software and Web-based
solutions for professional photographers. For more information on ImageWare,
visit our Web site at http://www.iwsinc.com.
About Comprehensive Identification Products, Inc.
CIPI is a manufacturer and distributor of a full line of identification
products serving the security and identification industry. Headquartered in
Burlington, MA, USA the company has distribution warehouse facilities in
Boston, Los Angeles, Hong Kong, and Amsterdam. The company owns and operates
manufacturing facilities in China and the U.S. CIPI sells through a network
of dealers throughout the U.S. and CIPI International distributes its products
to dealers and distributors located worldwide. The company supports its
dealer network with comprehensive marketing programs and materials, training,
and technical assistance. The CIPI website address is: http://www.compid.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.