September 21, 2005 10:12 ET

Daon Wins the 2005 Frost & Sullivan Emerging Company Award

WASHINGTON--(CCNMatthews - Sep 21, 2005) -

Frost & Sullivan's recent analysis selected Daon as the recipient of the 2005 Emerging Company Award for its leadership status, high quality products and services and technology expertise in the identity assurance industry. Each year this Award is given to a company that has a unique and revolutionary product solution with significant market potential. Additionally the Award certifies that a company's marketing strategy is sound and poised for success.

"Daon owes its success to its unique identity assurance technology and sustained key project wins in the expanding North American biometrics market while creating strong positions in other regions around the world where emerging identity programs are expected to drive similar market growth," says Frost and Sullivan Industry Analyst Sapna Capoor. "In addition, continuous development of its marketing channels and commitment to the growth of the biometric industry at large has placed the company in a strong position for the future. Frost & Sullivan finds Daon to be a very worthy recipient that meets our stringent requirements for this award."

"We are honored to be recognized by Frost & Sullivan for such a prestigious award. An Award like this one demonstrates the value of our offering to governments and commercial organizations globally and shows our existing customers that they have made the right decision in choosing Daon," says Tom Grissen, CEO, Daon.

Daon has retained its pole position in the identity assurance marketplace by its participation in numerous high profile identity management programs including the following:

Unisys was awarded the Registered Traveler program by the Transportation Security Administration (TSA) in 2004. Daon, as a primary sub-contractor, was selected to provide the core identity management software and identity assurance expertise to the team. In a separate registered traveler program Daon has provided its support to the Verified Identity Pass, Inc. (VIP) and Lockheed Martin team in an initial deployment to Orlando airport. These represent the first large-scale introductions of biometric technology to the U.S. traveling public.

BearingPoint Inc. was awarded Phase III of the TSA's Transportation Worker Identification Credential (TWIC) program in November 2004. Daon teamed with BearingPoint and acts as a sub-contractor providing the core biographic and biometric software and custom integration services to the team. TWIC-Phase III is expected to support the enrollment of over 75,000 transportation workers in this pilot phase, with the national roll-out in the next phase eventually totaling more than 12 million enrollees.

Daon has also been selected to provide the core biometric identity assurance software to support the Australian Department of Immigration and Multicultural and Indigenous Affairs (DIMIA) in operational biometric trials in the areas of Immigration and Border Management. The trial is scheduled for completion in April 2006 and will inform a broader joint initiative to develop an integrated approach for the use of biometrics technology for immigration and border management.

As this critical identity assurance marketplace emerges, Daon continues to play a pivotal role in its commitment to the biometrics industry through its work in standards efforts both in the Americas and in Europe and also in establishing and chairing the European Biometrics Forum in 2003.

About Frost & Sullivan

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.frost.com.

About Daon

Daon is a leading provider of identity assurance software products focused on meeting the needs of governments and commercial organizations worldwide. Daon supports customers and system integrators in building enterprise solutions requiring the highest level of security, performance, scalability, reliability and privacy. Daon's multi-modal authentication infrastructure, DaonEngine, integrates seamlessly with IT platforms and applications, manages the identity life-cycle of small and large populations and delivers a clear return-on-investment. Privately held, Daon's offices are located in Washington DC, London and Dublin. For further information please visit www.daon.com

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