August 7, 2013 -
Specifically, ImageWare will deliver software licenses during the third quarter of 2013, which the company says will see it receive approximately $1.5 million in revenue. Additionally, ImageWare will receive service revenue valued at approximately $650,000 that will be recognized proportionally over the next year.
“The U.S. Government has confirmed multi-modal biometric identity management as the only way to move forward as it offers a greater level of security and reliability,” Jim Miller, chairman and CEO of ImageWare said. “ImageWare’s proven track record of government experience executing best-of-breed patented, fully compliant biometric solutions will drive the standards for commercial adoption. We are honored to continue working with the VA and expand our services in support of their mission. As we look forward, I am confident we will introduce similar solutions to our global enterprise customers and solution provider partners.”
According to the company, its identity management solution was first installed with the department of Veteran Affairs in 2007. The solution provides large-scale agency-wide biometric identity and credential management capabilities, including biometrically enabled PIV credentials in compliance with U.S. government standards. As a part of the expansion, the Department of Veteran Affairs will also be adopt ImageWare’s hardware and algorithm-independent Biometric Engine 2.0.
Reported previously, ImageWare has recently launched its mobile biometric identity management platform, GoMobile Interactive. According to the company, the new platform is based upon acquired patented messaging platform technology and ImageWare’s patented biometric engine. The new platform works on both Android and iOS systems and includes a standalone application that can be used as a software development kit.