IDNX: Identix Inc. (IDNX)

[RedneckInvestor]

Identix Awarded Contract to Help Ensure ``One Person, One Vote'' with ABIS(R) Biometric Facial Recognition Backend Database & Matching Platform for Voter Identity Management Solution
More Than $7 Million in ABIS Contracts Announced by Identix in First Six Months of Fiscal 2006 Exceeds Total Fiscal 2005 ABIS Revenue of Approximately $5 Million

Identix Incorporated (Nasdaq:IDNX) announced today that it was awarded a contract for its ABIS(R) facial identity management solution to help ensure "one person, one vote" in an unnamed foreign country. Identix' software-based ABIS biometric backend database creation and matching platform is being integrated into the Country's voter registration identity management program to create searchable databases from biometric images collected from registered and registering voters. ABIS will also be used to search newly created and existing registered voter databases with Identix' facial recognition technology to determine whether there are any duplicate images where individuals may have registered under more than one name in an attempt to influence election outcomes by voting multiple times.

Identix President & CEO Dr. Joseph J. Atick commented, "We are seeing strong traction for our ABIS biometric matching platform for integration into identity management solutions throughout the world. Including today's announced contract, in just the first six months of our fiscal 2006 year, we have already announced face and finger ABIS contracts with revenue potential in fiscal 2006 exceeding $7 million. This total eclipses our ABIS revenues of approximately $5 million for the entire fiscal year ended June 30, 2005. Importantly, our ABIS solution consists primarily of backend software matching engines, representing high margin business for Identix.

"The ABIS solution adds tremendous value in identity management programs like voter registration, by providing a scalable, enterprise level platform to quickly and accurately assess whether a person is who they claim to be or if they are in the system more than once," Atick said. "The system is highly scalable, very easy to deploy and fits into any existing workflow, as experienced by the growing number of customers who have adopted the ABIS system recently.

"The technological capabilities of ABIS are exceeding even our own exacting internal expectations," Atick continued. "Current customer deployments have demonstrated higher scalability, faster speed of search, and a more robust architecture, with the ability to operate in any type of environment throughout the world, than initially targeted. Identity management programs are flourishing throughout the world with biometric databases that are growing every day and in some cases nearly every second. With built-in capability to now handle fingerprint technology as well, we have further expanded what we believe is the enormous market potential for the ABIS system."

Identix has already deployed or received orders to deploy its ABIS identity management solution for applications including: multiple countries using ABIS to prevent duplicate registration of voters; the U.S. Department of State, which uses ABIS to prevent fraud in the visa issuance process; and Middle East governments, who are using ABIS in their national ID programs. Identix face and finger technology has also been deployed in other large-scale ID programs around the world by Identix partners for voter registration, social service benefits disbursement, driver license issuance, passport enrollment and national ID registration.

About Identix' ABIS System

The ABIS System is Identix' advanced multi-biometric data-mining and search system, designed for end-users and integrators developing large-scale, one-to-many systems, with specific applicability to ID programs such as National ID, Passport and Visa issuance, DMVs, large-scale enterprise employee ID issuance and verification, and other large-scale National security programs. It uses Identix' state-of-the-art FaceIt(R) technology, which combines traditional facial geometry and skin biometric techniques for maximum accuracy, as well as Identix BioEngine fingerprint technology. The ABIS system also has the capacity to handle other biometrics as well. The open, modular architecture design provides features that are required in an enterprise environment: robust performance, reduced development and implementation costs, lower future risk for users, exceptional scalability and built-in fault tolerance and manageability.

Identix, ABIS, BioEngine and FaceIt are trademarks or registered trademarks of Identix Incorporated in the United States and other countries.

About Identix Incorporated

Identix Incorporated (Nasdaq:IDNX) is the world's leading multi-biometric technology company. Identix provides fingerprint, facial and skin biometric technologies, as well as systems, and critical system components that empower the identification of individuals in large-scale ID and ID management programs. The Company's offerings include live scan systems and services for biometric data capture, mobile systems for on-the-spot ID, and backend standards-based modules and software components for biometric matching and data mining. Identix products are used to conduct background checks, speed travel and commerce via secure identification documents, prevent identity fraud in large-scale government and civil ID programs, and control access to secure areas and networks. With a global network of partners, such as leading system integrators, defense prime contractors and OEMs, Identix serves a broad range of markets including government, law enforcement, gaming, finance, travel, transportation, corporate enterprise and healthcare.

More information on Identix can be accessed via the Company web site at http://www.identix.com.

Statements in this press release and that relate to future plans, events or performance are forward-looking statements reflecting management's current expectations, assumptions and estimates of future performance and economic conditions. All forward-looking statements are made in reliance on the safe harbor provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. Identix cautions investors that forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those expressed or implied in such statements. Risks and uncertainties include, without limitation, those related to: the availability of funding from government and other customers; the readiness of customers to accept delivery and integration of software and hardware components on a timely basis; the ability of the Company to achieve targeted levels of software and hardware revenue mixes; increasing levels of competition; and other risks identified in the Company's SEC filings. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.


For Identix Incorporated
Media Contacts:
Frances Zelazny, 201-332-9213
[e-mail]
or
Meir Kahtan, 212-699-6065
[e-mail]
or
Investor Contact:
Damon Wright, 952-979-8485
[e-mail]



Source: Business Wire (December 19, 2005 - 8:17 AM EST)