SOURCE: ImageWare Systems, Inc.

ImageWare Systems, Inc.

August 28, 2014 08:30 ET

ImageWare Signs Three-Year Agreement With Major International Retailer to Provide Multi-Modal Biometric Identity Management on the Fujitsu Cloud

SaaS Deployment to Use State-of-the-Art IWS Cloud ID Products on the Fujitsu Trusted S5 Cloud Platform

SAN DIEGO, CA--(Marketwired - Aug 28, 2014) - ImageWare Systems, Inc. (OTCQB: IWSY) (ImageWare), a leader in mobile and cloud-based, multi-modal biometric identity management solutions, has signed a three-year agreement with a major international retailer to provide its cloud-based, multi-modal biometric identity management product suite running on the Fujitsu Trusted S5 Cloud platform.

Under the agreement, ImageWare's IWS CloudID® product suite will use face, finger, iris and voice authentication; and run on top of the Fujitsu Trusted Cloud S5 platform, a fully configured, on-demand IT infrastructure, over the internet. The initial implementation will begin in the retailer's Mexico City locations in September, led by ImageWare's local subsidiary, ImageWare Systems de Mexico.

The biometric products will be licensed on a service-fee model, generating revenue from an initial license fee per person and a recurring monthly license fee thereafter. The company expects to begin generating revenues in the third quarter of 2014. 

"Organizations face heavy burdens related to the creation and maintenance of digital identities, data accuracy and lack of integration across credentialing, human resources, and physical and logical access control," said Jim Miller, ImageWare's Chairman and CEO. "The IWS CloudID product -- which runs on top of the Fujitsu Trusted Cloud S5 platform and is delivered via Fujitsu's global network of secure data centers -- offers a cloud-based approach to all of these identity management concerns on a pay-as-you-go basis. We believe this agreement validates the steps we have taken to advance our cloud, SaaS and mobile offerings in the commercial and consumer marketplace."

ImageWare's agreement is in conjunction with its Fujitsu partnership to market its cloud-based, multi-modal biometric identity management offering delivered on the Fujitsu Global Cloud Platform (FGCP). The FGCP is one of the world's largest cloud platforms and features ImageWare's patented CloudID product suite, which is anchored by its Biometric Engine® 2.0.

"We are happy to partner with ImageWare on the implementation of IWS CloudID in Mexico City to help this international retailer enhance its loss prevention and employee credentialing," said Dave Berry, executive vice president, Infrastructure Services at Fujitsu America, Inc. "This implementation leverages the world-class cloud capabilities of Fujitsu to deliver the unique features of ImageWare's CloudID solution. Together, Fujitsu and ImageWare help customers securely identify and authenticate mission-critical operations, data and transaction information, and streamline retailer operations to deliver an enhanced shopping experience for customers."

Fujitsu, the Fujitsu logo, PRIMERGY and "shaping tomorrow with you" are trademarks or registered trademarks of Fujitsu Limited in the United States and other countries. All other trademarks and product names are the property of their respective owners. Information provided in this press release is accurate at time of publication and is subject to change without advance notice.

About ImageWare Systems, Inc.
ImageWare Systems, Inc. (OTCQB: IWSY) is a leading developer of mobile and cloud-based identity management solutions; providing biometric, secure credential and law enforcement technologies. Scalable for worldwide deployment, ImageWare's patented biometric product line includes a multi-biometric engine that is hardware and algorithm independent that enables the enrollment and management of unlimited population sizes. ImageWare's identification products are used to manage and issue secure credentials, including national IDs, passports, driver's licenses, smart cards and access control credentials. ImageWare's digital booking products provide law enforcement with integrated mugshots, fingerprint livescans, and investigative capabilities. ImageWare is headquartered in San Diego, CA, with offices in Portland, OR, Washington, D.C., Mexico, and Ottawa, Ontario. For more information on ImageWare Systems, Inc., please visit www.iwsinc.com.

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Forward-Looking Statements

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "if," "should" and "will" and similar expressions as they relate to ImageWare Systems, Inc. ("ImageWare") are intended to identify such forward-looking statements. ImageWare may from time to time update these publicly announced projections, but it is not obligated to do so. Any projections of future results of operations should not be construed in any manner as a guarantee that such results will in fact occur. These projections are subject to change and could differ materially from final reported results. For a discussion of such risks and uncertainties, see "Risk Factors" in ImageWare's Annual Report on Form 10-K for the fiscal year ended December 31, 2013 and its other reports filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.

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