10.07.2006 18:50:00
|
Viisage Adds Former Deputy Secretary of DHS Admiral Loy to the Board of Directors; Addition Brings Decades of Experience in National Security and Transportation to Viisage
"Admiral Loy brings substantial depth of knowledge from hisdistinguished career holding top positions within the U.S. CoastGuard, national security and transportation agencies," said BobLaPenta, Chairman of the Board of Viisage and Founder and CEO of L-1Investment Partners. "His experience brings another valuableperspective to the issues behind managing and authenticating personalidentities in order to secure our citizens from threat. It is an honorto have an individual of his stature and integrity join our team."
Admiral James M. Loy served as Deputy Secretary of the Departmentof Homeland Security from December 2003 to March 2005. Prior to thisnomination by President Bush in October 2003, Admiral Loy wasappointed by the Secretary of the U.S. Department of Transportation tobecome the Deputy Undersecretary for the then newly-formedTransportation Security Administration. Loy led the agency through itscreation and subsequent incorporation into the Department of HomelandSecurity.
Before entering public service, Admiral Loy served for 42 years inthe U.S. Coast Guard, rising to the rank of Admiral and serving as theCommandant of the Coast Guard until 2002.
Admiral Loy received many accommodations during his professionalcareer, including the Distinguished Service Medal for the Departmentof Transportation, four Coast Guard Distinguished Service medals, aDefense Superior Service medal, and the Bronze Star with Combat "V,"among others. He also received the NAACP Meritorious Service Award for2000.
"Viisage's mission to empower governments with the capabilities toenhance homeland security through the use of biometrics is very muchin-line with my personal goals and professional background," saidAdmiral James M. Loy. "I look forward to the opportunity to apply myknowledge and past experiences to help the combined company of Viisageand Identix to accelerate its growth and position of leadership in theidentity solutions marketplace."
In addition to the Viisage Board, Admiral Loy also currentlyserves on the Board of Directors for Lockheed Martin.
About Viisage Technology, Inc.
Viisage delivers advanced technology identity solutions forgovernments, law enforcement agencies and businesses concerned withenhancing security, reducing identity theft, and protecting personalprivacy. Viisage solutions include secure credentials such aspassports and drivers' licenses, biometric technologies for uniquelylinking individuals to those credentials, and credentialauthentication technologies to ensure the documents are valid beforeindividuals are allowed to cross borders, gain access to finances, orbe granted other privileges. With more than 3,000 installationsworldwide, Viisage's identity solutions stand out as a result of thecompany's industry-leading technology and unique understanding ofcustomer needs. Viisage's product suite includes IdentityTOOLS(TM)SDK, Viisage PROOF(TM), FaceEXPLORER(R), iA-thenticate(R),ID-GUARD(R), BorderGuard(R), PIER(TM), HIIDE(TM), AutoTest(TM),FacePASS(TM) and FaceFINDER(R).
Forward Looking Statements
This news release contains forward-looking statements that involverisks and uncertainties. Forward-looking statements in this documentand those made from time to time by Viisage through its seniormanagement are made pursuant to the safe harbor provisions of thePrivate Securities Litigation Reform Act of 1995. Theseforward-looking statements reflect the Company's current views withrespect to the future events or financial performance discussed inthis release, based on management's beliefs and assumptions andinformation currently available. When used, the words "believe","anticipate", "estimate", "project", "should", "expect", "plan","assume" and similar expressions that do not relate solely tohistorical matters identify forward-looking statements.Forward-looking statements concerning future plans or results arenecessarily only estimates and actual results could differ materiallyfrom expectations. Certain factors that could cause or contribute tosuch differences include, among other things, the size and timing ofcontract awards, performance on contracts, performance of acquiredcompanies, availability and cost of key components, unanticipatedresults from audits of the financial results of the Company andacquired companies, changing interpretations of generally acceptedaccounting principles, outcomes of government reviews, developmentswith respect to litigation to which we are a party, potentialfluctuations in quarterly results, dependence on large contracts and alimited number of customers, lengthy sales and implementation cycles,market acceptance of new or enhanced products and services,proprietary technology and changing competitive conditions, systemperformance, management of growth, dependence on key personnel,ability to obtain project financing, general economic and politicalconditions and other factors affecting spending by customers, and theunpredictable nature of working with government agencies. In addition,such risks and uncertainties include, among others, the followingrisks: that the merger with Identix will not close, that theregulatory or shareholder approval will not be obtained, that theclosing will be delayed, that customers and partners will not reactfavorably to the merger, integration risks, the risk that the combinedcompanies may be unable to achieve cost-cutting synergies, and otherrisks described in Viisage's and Identix' Securities and ExchangeCommission filings, including the Registration Statement on Form S-4filed with the SEC in connection with the transaction, Viisage'sAnnual Report on Form 10-K for the year ended December 31, 2005 andits Quarterly Report on Form 10-Q for the quarter ended March 31, 2006under the captions "Risk Factors" and "Management's Discussion andAnalysis of Financial Condition and Results of Operations," andIdentix' Annual Report on Form 10-K for the year ended June 30, 2005and its Quarterly Reports on Form 10-Q for the quarters endedSeptember 30, 2005, December 31, 2005 and March 31, 2006 under thecaptions "Risk Factors" and "Management's Discussion and Analysis ofFinancial Condition and Results of Operations." Viisage expresslydisclaims any obligation to update any forward-looking statements
Additional Information and Where to Find It
Investors and security holders of both Viisage and Identix areadvised to read the joint proxy statement/prospectus regarding thebusiness combination transaction referred to in the material below,when it becomes available, because it will contain importantinformation. Viisage and Identix expect to mail a joint proxystatement/prospectus about the transaction to their respectivestockholders. This joint proxy statement/prospectus will be filed withthe Securities and Exchange Commission by both companies. Investorsand security holders may obtain a free copy of the joint proxystatement/prospectus and other documents filed by the companies at theSecurities and Exchange Commission's web site at http://www.sec.gov.The joint proxy statement/prospectus and such other documents may alsobe obtained from Identix or Viisage by directing such requests to thecompanies.
Participants In Solicitation
Viisage, Identix and their respective directors and executiveofficers and other members of management and employees may be deemedto be participants in the solicitation of proxies in respect of themerger. Information concerning Viisage's participants is set forth inthe proxy statement dated, November 21, 2005, for Viisage's specialmeeting of shareholders held on December 16, 2005 as filed with theSEC on Schedule 14A. Information concerning Identix' participants isset forth in the proxy statement, dated October 6, 2005, for Identix'2005 annual meeting of shareholders as filed with the SEC on Schedule14A. Additional information regarding the interests of participants ofViisage and Identix in the solicitation of proxies in respect of themerger will be included in the registration statement and joint proxystatement/prospectus to be filed with the SEC.
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten zu Identixmehr Nachrichten
Keine Nachrichten verfügbar. |