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Identix to Provide Biometric Facial Recognition Software Technology for Enterprise/ Commercial Loyalty Applications

Posted on: Tuesday, 11 October 2005, 09:00 CDT

Identix Incorporated (Nasdaq:IDNX) announced today that it received an initial order under a multi-year contract with an unidentified customer to license Identix' FaceIt(R) facial recognition software for integration into custom gaming applications tied to verification of individual gaming clientele identities. Specific customer applications that will incorporate Identix' FaceIt software include VIP and loyalty programs, as well as player tracking functions, to assist in identifying preferred customers upon arrival. A primary objective of the facial recognition-enabled commercial applications is to provide a better, more personalized experience for both the customer and management. These applications will help ensure that VIP and loyalty participants receive the preferred benefits to which they may be entitled under the customer's established loyalty programs. Additionally, Identix' facial recognition software will be used to help screen against various watch lists of individuals who are not welcome to participate in gaming activities. Identix said that it has already received a significant payment under the initial order and that it expects to recognize this payment in the Company's fiscal 2006 first quarter, which ended September 30, 2005. The total potential value of the contract to Identix exceeds $1,000,000, assuming receipt of all additional orders that are currently specified, but not required, by the terms of the contract.

"We continue to see commercial markets leveraging the validation and large scale adoption of biometrics that is currently taking place at the government level," said Identix President & CEO Dr. Joseph J. Atick. "This order represents an excellent example of a commercial entity capitalizing on the proven capabilities of facial recognition in identity management and verification solutions, and it also serves as a strong demonstration of the value proposition inherent in applying biometrics to address real-time identification issues in the business environment. While we believe governments will continue to provide significant revenue streams for Identix for years to come, the gradual emergence of commercial markets is exciting to see based on the sheer magnitude of opportunities these markets could potentially represent for the future of the biometrics industry."

About FaceIt

Identix FaceIt technology combines traditional facial geometry techniques with advanced skin biometric techniques to yield exceptional levels of performance. FaceIt technology is used as the underlying matching engine for a variety of Identix products, such as the ABIS System and FaceIt ARGUS, and is also used by Identix partners to build market solutions for access control, e-passports, law enforcement, smart cameras, and others.

Identix 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.

Source: Business Wire

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