ANDERLECHT, Belgium, Oct. 30, 2002 (PRIMEZONE) -- Keyware Technologies NV (Other OTC:KEYWF), today announced that Identix Incorporated (Nasdaq:IDNX), the world's leading multi-biometric security technology company, has purchased Keyware's Common Authentication Security (CAS(tm)) software suite, obtaining exclusive ownership of the source code and core technology underlying CAS. CAS is an important component that will add to an overall identity management system that allows for the central management of the authentication process on a secure user basis. Financial terms of the transaction were not disclosed.
CAS provides strong authentication using multi-biometric and allows for integration with non-biometric techniques (PKI, tokens and smart cards) and eases the burden for system administrators by establishing a central repository of user authentication policies and methods. CAS supports physical and logical access applications and will be integrated with Identix' current BioLogon(tm), Fingerlan(tm) and itrust(tm) software suites to deliver a universal enterprise solution.
As part of the asset purchase, Keyware, one of the world's leading providers of multi-platform card solutions including biometrics for user identification and authentication, will become an authorized reseller of certain of Identix' products in Europe. Under the reseller agreement, Keyware is expected to market Identix' biometric technology offerings as a compliment to Keyware's other multi-application smart card solutions for electronic payment, e-identity, physical and logical access, time and attendance management, alarm management, customer loyalty and event ticketing.
About Keyware
Keyware (Other OTC:KEYWF) is a leading provider of multi-application smart card solutions, with a competence in biometrics, for the Customer Loyalty, Event Ticketing, Electronic Payment, e-Identity, Physical Access, Logical Access, Time & Attendance and Alarm Management markets.
Keyware's award-winning technology is sold globally through an extended network of OEMs, system integrators and VARs, and its Professional Services group supports rapid integration to minimize time-to-market. Some significant customers of Keyware include: Avis, Shell, American Express, Chrysler, Citibank, Visa/Eurocard-Mastercard, Belgian National Social Security Card, Belgian National Football League, Diners Club, Cetelem, Mobistar and Ahold. Keyware has also provided the software for more than ten (10) million health cards and over seven (7) million chip-based loyalty cards. The company is headquartered in Brussels (Belgium) and presented on line at http://www.keyware.com.
About Identix Incorporated
Identix Incorporated (Nasdaq:IDNX), recently merged with Visionics Corporation, is the world's leading multi-biometric security technology company. The company's broad range of fingerprint and facial recognition technology offerings empower the identification of individuals who wish to gain access to information or facilities, conduct transactions and obtain IDs. Additionally, the company's products and solution offerings can help identify those who perpetrate fraud and otherwise pose a threat to public safety. Identix' products serve a broad range of industries and market segments -- most notably, government and law enforcement, aviation, financial, healthcare and corporate enterprise. In addition, the company's wholly owned subsidiary, Identix Public Sector, Inc. provides project management and facilities engineering services to the government sector.
More information on Identix can be accessed via the Company web site at http://www.identix.com or by calling Frances Zelazny, Director of Corporate Communications at +1 201-332-9213.
Securities Safe Harbor
With the exception of historical information contained in this release, the matters described herein contain certain "forward-looking statements" that are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current reasonable expectations and are subject to certain assumptions, risks, uncertainties and changes in circumstances. Actual results may vary materially from those expressed or implied from the statements herein or from historical results, due to changes in economic, business, competitive, technological and/or regulatory factors. More detailed information about these factors is set forth in filings by Identix and Keyware with the Securities and Exchange Commission, including the most recent annual report on Form 10-K and the most recent quarterly report on Form 10-Q. Identix and Keyware are not obligated to (and expressly disclaims any obligation to) revise or update any forward-looking statements in order to reflect events or circumstances, whether they arise as a result of new information, future events, or otherwise.