SOURCE: ImageWare Systems, Inc.

ImageWare Systems, Inc.

July 06, 2015 08:30 ET

ImageWare Systems and OnlineAuction.com Bring Biometric Authentication to the Online Marketplace

OnlineAuction.com to Deploy IWS GoVerifyID to Provide Security and Speed for Members

SAN DIEGO, CA--(Marketwired - Jul 6, 2015) - ImageWare Systems, Inc. (OTCQB: IWSY), a leader in mobile and cloud-based, multi-modal biometric identity management solutions, has executed an agreement with OnlineAuction.com (OLA) to provide ImageWare's patented GoVerifyID® mobile biometric security software to 200,000 online auction members, beginning in August 2015.

OnlineAuction.com, also known as OLA.com, provides online auctioning services throughout the world via the internet and is expecting significant expansion later this year as it begins to service the Asia-Pacific marketplace. OLA members will access their accounts via biometric authentication of their identity; using voice and facial recognition. OnlineAuction.com will utilize the IWS product under a software as a service agreement, paying a monthly service fee.

"GoVerifyID is the premier mobile biometric authentication product in the biometric industry, and we are pleased to partner with an equally premier provider of online auction services," said Jim Miller, chairman and CEO of ImageWare. "We look forward to delivering both ease and speed of service to their several hundred thousand users."

"OLA customers have long appreciated our quality, service and integrity," said Chris Fain, president of OnlineAuctions.com. "To that list, we now add the option of state-of-the-art security for our users via ImageWare's GoVerifyID. This technology will ease the log in and use process, as well as provide a quick, safe and efficient alternative to passwords."

ImageWare estimates the contract value to be approximately $3.6 million over a 12 month period, following delivery.

About OnlineAuction.com, Inc.

OnlineAuction.com, Inc., also known as OLA.com, provides online auctioning services. Its Website enables shopping, bidding, buying, and selling of various products, including hobby products, collectibles, antiques, memorabilia, pottery, glassware, jewelry, car auctions, coins, books, watches, postcards, arts, stamps, art decorative, autographs, beanie babies, China products, figurines, papers, quilts, textiles, clocks, residential homes, mobile homes, business opportunities, commercial properties, and gifts.

The company was founded in 2005 and is based in Springfield, Oregon. It was founded by auctioneer and online auction Power Seller Chris Fain, who started his first online auction site in 1997. Rather than charging listing fees and commissions, OnlineAuction.com provides sellers with annual or monthly memberships.

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 biometric product line includes a multi-biometric engine that is hardware and algorithm independent, enabling 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 mug shot, fingerprint livescan and investigative capabilities.

ImageWare is headquartered in San Diego, CA, with offices in Portland, OR, Washington, D.C., and Ottawa, Ontario. For more information on ImageWare Systems, Inc., please visit www.iwsinc.com.

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