BOSTON, Jan. 19, 2006 (PRIMEZONE) -- Technest Holdings, Inc., www.technestholdings.com (OTCBB:TCNH), a defense and homeland security company transforming advanced laboratory technology into real-world products, announced today that its wholly owned subsidiary Genex Technologies Inc. (www.genextech.com) is providing new advanced capabilities to the global market for facial biometrics products via its integrated FaceCam(tm) and SureMatch(tm) 3D suite of facial recognition tools. Genex is a supplier of advanced imaging, surveillance and security sensor technologies and has a patent portfolio of over 20 issued and pending U.S. patents for 3D video and imaging technologies. By partnering with leading biometrics companies, Genex has created a suite of facial recognition tools that provides both an enhancement for existing biometrics users and market-leading performance for new deployments.
Presently the U.S. government is depending on big improvements in biometric technologies as part of its homeland security strategy. For example, biometrics is poised to play a key role in the U.S. Visitor and Immigrant Status Indicator Technology program (USVISIT). The USVISIT program calls for the use of numerous technologies to better track foreigners entering and leaving the United States.
Facial biometrics offers the advantage of non-intrusive identification of humans at a distance, non-cooperatively. Unlike finger prints or iris scan technologies, facial recognition can be performed in environments where passive identification of potential terrorists or criminals is required. Much of today's facial recognition technology has difficulty in providing sufficiently adequate performance because of the fundamental limitations of 2D technology. Pose, lighting, and expression have historically prevented 2D facial recognition from working well. The potential answer lies in 3D technology. Genex has addressed these problems by drawing upon its extensive research into 3D imaging and 2D-to-3D facial structure conversion.
One of the most important factors in facial recognition is the enrolled picture. If the enrolled picture is inaccurate, the performance will be inaccurate. Today, 2D cameras are used to enroll faces into databases for mug-shot recognition. However, 2D photographs only provide a small portion of the wealth of information that is available on a human face. Genex's state-of-the-art 3D FaceCam(tm) revolutionizes the way we capture photographs. The 3D FaceCam(tm) uses three sensors to create precise, complete 3D face images. By capturing the very highly detailed geometric and texture information on a face, the 3D FaceCam(tm) overcomes a photo's traditional limitations of pose, lighting, and expression. Now instead of possessing one shot of a person in time, users can create infinite variations of a face with the advanced tools of the SureMatch 3D Suite(tm).
Simple and easy to use, the 3D FaceCam(tm) operates similarly to traditional cameras. Capture speed is less than half a second, enabling rapid processing of large numbers of people. 3D FaceCam(tm) is also highly accurate, providing details to better than 500 micron accuracy, with more than 4 MegaPixel 2D overlay, making 3D FaceCam(tm) ideal for facial recognition.
SureMatch(tm) 3D is a suite of facial recognition tools that provides more robust detection capabilities through 3D enhancement. At the core Genex utilizes a recognition engine based upon next-generation 3D-to-3D face matching. The suite also has tools that allow seamless integration with existing 2D systems and databases to improve 2D facial recognition.
Technest Holdings, Inc. (OTCBB:TCNH) is a provider of: advanced remote sensor systems, chemical detectors, intelligent surveillance and advanced 3D imaging technology solutions to the defense and homeland security marketplaces. Technest Holdings had fiscal first quarter ended September 30, 2005 sales revenues of $19M and a funded backlog as of November 31, 2005 of $55.2M.
About Technest Holdings, Inc.
Technest Holdings, Inc. (OTCBB:TCNH) is a provider of: advanced remote sensor systems, chemical detectors, intelligent surveillance and advanced 3D imaging technology solutions to the defense and homeland security marketplaces. Technest is committed to setting next-generation standards in defense and security through the provision of innovative emerging technologies and expert services. Technest's solutions support military, law enforcement and homeland security personnel. Through strategic development, Technest focuses on the creation of dual-use technology and products with applications in both the defense market and civilian homeland security and law enforcement fields.
"Forward-Looking Statements"
Investors are cautioned that certain statements contained in this press release as well as some statements in periodic press releases and some oral statements of Technest Holdings Inc. officers and directors during presentations about Technest Holdings , are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by management, are also forward-looking statements as defined by the Act. Some of the factors that could significantly impact the forward-looking statements in this press release include, but are not limited to: a reduction in order rates from the Army's Night Vision and Electronic Surveillance Directorate, insufficient cash flow to continue to fund the development and marketing of the Company's products and technology; a rejection of the Company's products and technologies by the marketplace, and; disputes as to the Company's intellectual property rights. Forward-looking statements are based upon current expectations and projections about future events and are subject to risks, uncertainties, and assumptions about Technest Holdings, its products, economic and market factors and the industries in which Technest Holdings does business, among other things. These statements are not guarantees of future performance and Technest Holdings has no specific intention to update these statements. More detailed information about those factors is contained in Technest Holdings filings with the Securities and Exchange Commission. http://www.sec.gov/ Technest Holdings, Inc. is a featured Company on http://www.HomelandDefenseStocks.com, a service for which Technest Holdings compensates the provider.
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