ImageWare Systems completes $11M registered direct offering

ImageWare Systems, Inc. has completed an $11 million registered direct offering to certain accredited investors after selling an aggregate of 11,000 shares of new Series A Preferred Stock at $1,000 per share. The company expects the total proceeds to be approximately $10.1 million after accounting for previously advanced cash that was converted into the transaction. ImageWare intends to use the proceeds for general corporate purposes such as marketing, sales and working capital. In addition, the company expects to consolidate $20.6

Biometrics industry stocks this week

As the biometrics industry continues to grow Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each week for a rundown of the financial news and interesting ideas from the week that was. -In the months after the American election markets boomed as investors assumed a Republican administration would be good for Wall Street. Many thought he would cut taxes and promote business friendly policies. But now the

ImageWare Systems reports Q2 2017 revenues of $1.1M

ImageWare Systems, Inc. has issued financial results for Q2 2017, as well as a corporate update to highlight the company’s progress since its last quarterly update on May 10, 2017. The company’s total revenues in Q2 2017 were up 6 percent to $1.1 million compared to $1.0 million in Q2 2016. Meanwhile, gross margin in Q2 2017 increased 400 basis points to 76.4 percent from 72.4 percent in the year-ago quarter, which was primarily due to higher software licensing revenues.

This week in biometrics industry stocks

As the biometrics industry continues to grow Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each Friday for a rundown of the financial news and interesting ideas from the week that was. -BIO-Key International is having a good spring and summer. The company announced this week it received orders from ten healthcare organizations for fingerprint readers. The orders come from hospitals, eye care centers, medical device manufacturers,

Fujitsu, ImageWare expanding biometric security solutions portfolio

Fujitsu America, Inc. has signed an agreement with ImageWare Systems as its biometrics-as-a-service partner, which reinforces and expands Fujitsu’s line of cybersecurity products and services. The company’s current portfolio includes the Fujitsu PalmSecure family, the SAMURAI Platform, the RoboSOC (SOC in a Box) solution, consulting services, systems integration services, Security Operations Centers (SOC) and other managed security services — all of which are available across North, South and Central America. “After forming a technology partnership several years ago, ImageWare and

Fujitsu to resell ImageWare biometric security solutions

Fujitsu is expanding its advanced biometric security solutions portfolio through a newly-signed agreement in which it will resell ImageWare Systems’ key security solutions including enterprise mobile biometric user authentication as a service. Under the agreement, Fujitsu not only extends its biometric identity and access management solutions to mobile devices but also to additional authentication methods including fingerprint, face, and voice recognition. As a result, Fujitsu customers will now be able to deploy biometric authentication as a service running on the

Info X Distribution to resell ImageWare multimodal biometric solutions

ImageWare Systems has signed an agreement with Info X Distribution to enable the storage networking solutions distributor to market and resell ImageWare’s GoVerifyID Enterprise Suite and SaaS solutions. New Jersey-based Info X Distribution specializes in the storage, software, and server connectivity of virtualized networks and cloud environments, delivering solutions to over 2,000 VARs, VMware resellers, OEMs and system integrators. “Info X continuously adds technology that will provide our customers with a competitive advantage in the marketplace,” said Tom Carlucci, president

ImageWare named top 25 security firm, issues Q1 2017 financial results

ImageWare has been named by CIO Applications as one of the “Top 25 Cyber Security Companies for 2017”, based on an evaluation of the company’s GoVerifyID Enterprise Suite. The multimodal, multi-factor, end-to-end biometric platform seamlessly integrates with an enterprise’s existing Microsoft authentication ecosystem, ensuring quick deployment and providing a wide range of biometrics. The annual list of 25 companies is chosen by a panel of experts and members of CIO Applications’ editorial board to recognize and promote technology entrepreneurship. ImageWare’s

ImageWare to provide biometric identity management and credentialing software to Alaskan airports

ImageWare Systems has been selected to provide its biometric identity management and credentialing software to five Alaskan airports. Delivery will commence in the second quarter of 2017 with final delivery in the third quarter. “Confirming the identity and backgrounds of airport employees is just as critical as knowing the passengers,” said ImageWare Chairman and CEO, Jim Miller. “Our solution allows for multi-modal biometric background checks and authentication of the facility’s employees, vendors, and contractors. As circumstances may change, the system

ImageWare issues Q4 2016 and year-end financial results

ImageWare Systems has issued financial results for Q4 2016 and year-end 2016, as well as a corporate update to highlight its progress since its last quarterly update on November 14, 2016. The company’s total revenues in Q4 2016 remained constant at $0.9 million when compared to the same year-ago period. Meanwhile, ImageWare’s gross margin in Q4 2016 improved to 69.3 percent compared to 40.2 percent in the year-ago quarter, which it attributes to a write-off in the 2015 quarter related