- Email: [email protected]
Pay By Touch experiences highs and lows
BUSINESS WATCH
company news • Veridicom International has announced the completion of its acquisition of Cavio Corporation. It also announced that Paul Mann, Cavio’s CEO, will stay on as the company’s chief executive officer. Cavio’s platform enables users to biometrically authenticate themselves to secure transactions, control access, authorise payment and confirm identity across a wide range of industries. • Nexus Group International has reported its fiscal 2004 second quarter results for the period ending 31 December 2003. Revenues for the period increased to C$236,147 from C$185,071 in the same period in fiscal 2003. Meanwhile, the net loss for the six months ended 31 December 2003 decreased to C$1 million from C$2.2 million in the same period on fiscal 2003. • Identix has sold its whollyowned project management services subsidiary, Identix Public Sector, to Alion Science and Technology Corporation. Under the terms of the deal, Identix received cash proceeds of approximately US$8.85 million from Alion. Identix will keep certain assets related to legislative data solutions and technology consulting. According to Identix, the move allows it to fully focus on its core business, but said it would not diminish its presence in the federal marketplace. • Facial recognition technology vendor Viisage has joined forces with Trans Digital Technologies Corporation, which is provider of high security technology and services to the US Department of State for the production of US passports. The acquisition gives Viisage a stronger strategic position in the area of border management, as wells as new technological capabilities in secure document offerings.
Biometric Technology Today • April 2004
financial results
Bioscrypt announces record figures US-based fingerprint technology supplier Bioscrypt has announced record fourth quarter 2003 results on the back of strong shipments for its OEM modules and its Veri-Series product line. In part, the company’s success has been down to the increasing convergence of physical and logical access control systems. As Pierre Donaldson, the company’s president and CEO commented: “Our target market has never been more active than it is right now…Consolidation between physical access control and logical access control will drive new sales and expand Bioscrypt’s market in 2004 and beyond as newly appointed Chief Security Officers work to defend their organisation.” Units shipped in the fourth quarter ending 31 December 2003 reached 8681, up from the 6566 shipped in the fourth quarter of 2002 and the 6,300 in the third quarter of 2003. Of these sales of the OEM module represented approximately 56% of total shipments. In financial terms these shipments led to a revenue level of US$3.20 million in the fourth quarter of 2003, up by 44.2% on the fourth quarter in the previous year. The fourth quarter net loss, meanwhile, was US$0.2 million versus a net loss of US$0.92 million in 2002. For the full year Bioscrypt made US$8.66 million in revenue, up from US$6.28 million in 2002. Contact: Bruce MacInnis at Bioscrypt, Tel: +1 905 624 7709, email:[email protected]
company news
Pay By Touch experiences highs and lows Pay By Touch, a US-based supplier of systems that allow tokenless biometric payment, has had a mixed month of fortunes, as it was sued by Californian-based Excel Innovations for patent infringement, but gained some exiting new customers and partners. Pay By Touch (formerly known as Solidus and Indivos) lost its motion to dismiss Excel Innovation’s lawsuit, and the case is expected to reach trial in late 2004 or early 2005. The lawsuit says Pay By Touch has infringed 18 United States
Patents and seeks damages in excess of US$20 million. Meanwhile, Pay By Touch has recently been active in generating new partnerships. Within the last few weeks it announced a strategic alliance with Ingenico that will see supermarkets and other retailers offered the opportunity to use the fingerprint-based payment technology. The company’s scanners will be added to Ingenico’s eN-Touch 1000 point of sale terminal. On the contract front, the company secured a major deal with the Piggly Wiggly Carolina Co, which will roll out the technology for its customer in South Carolina and Georgia. Under the agreement, Piggly Wiggly will implement the fingerprint scanning payment systems in all check-out lanes. The first phase of implementation will go live in four stores in Charleston and Columbia, South Carolina, in July. Other stores will be added later in 2004. Contact: Pay ByTouch, Tel: +1 415 281 2200, Fax: +1 415 281 2201
financials
Record results at Viisage Viisage has announced record results for its fourth quarter ended 31 December 2003. The supplier’s revenues for the quarter hit US$10.32 million, up 18% from US$8.76 million in the same period of 2003. Meanwhile the supplier’s net losses also improved for the quarter reaching US$1.40 million compared with US$3.05 million in the fourth quarter of 2002. For the full year revenues rose 16% to a record US$37.37 million in 2003 from US$32.30 million in 2002. Separately, Viisage also announced the acquisition of TDT, a privately held firm that is the sole source provider of high security technology and services to the Department of State for US passports. According to Bill Aulet, Viisage’s CFO: “Based upon our results for 2003 and the plans we have outlined for 2004, including our acquisitions of ZN and TDT, we believe we can generate revenues of US$57-$60 million this year and significantly improve our gross margins.” Meanwhile, Viisage expects that its operating income in 2004 will be at least US$0.5 million and that its net loss in 2004 will be not more than US$3.0 million. Contact: Ralf Biesemeier at Viisage, Tel: +49 234 9787 25, email: [email protected]
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company news • Veridicom International has announced the completion of its acquisition of Cavio Corporation. It also announced that Paul Mann, Cavio’s CEO, will stay on as the company’s chief executive officer. Cavio’s platform enables users to biometrically authenticate themselves to secure transactions, control access, authorise payment and confirm identity across a wide range of industries. • Nexus Group International has reported its fiscal 2004 second quarter results for the period ending 31 December 2003. Revenues for the period increased to C$236,147 from C$185,071 in the same period in fiscal 2003. Meanwhile, the net loss for the six months ended 31 December 2003 decreased to C$1 million from C$2.2 million in the same period on fiscal 2003. • Identix has sold its whollyowned project management services subsidiary, Identix Public Sector, to Alion Science and Technology Corporation. Under the terms of the deal, Identix received cash proceeds of approximately US$8.85 million from Alion. Identix will keep certain assets related to legislative data solutions and technology consulting. According to Identix, the move allows it to fully focus on its core business, but said it would not diminish its presence in the federal marketplace. • Facial recognition technology vendor Viisage has joined forces with Trans Digital Technologies Corporation, which is provider of high security technology and services to the US Department of State for the production of US passports. The acquisition gives Viisage a stronger strategic position in the area of border management, as wells as new technological capabilities in secure document offerings.
Biometric Technology Today • April 2004
financial results
Bioscrypt announces record figures US-based fingerprint technology supplier Bioscrypt has announced record fourth quarter 2003 results on the back of strong shipments for its OEM modules and its Veri-Series product line. In part, the company’s success has been down to the increasing convergence of physical and logical access control systems. As Pierre Donaldson, the company’s president and CEO commented: “Our target market has never been more active than it is right now…Consolidation between physical access control and logical access control will drive new sales and expand Bioscrypt’s market in 2004 and beyond as newly appointed Chief Security Officers work to defend their organisation.” Units shipped in the fourth quarter ending 31 December 2003 reached 8681, up from the 6566 shipped in the fourth quarter of 2002 and the 6,300 in the third quarter of 2003. Of these sales of the OEM module represented approximately 56% of total shipments. In financial terms these shipments led to a revenue level of US$3.20 million in the fourth quarter of 2003, up by 44.2% on the fourth quarter in the previous year. The fourth quarter net loss, meanwhile, was US$0.2 million versus a net loss of US$0.92 million in 2002. For the full year Bioscrypt made US$8.66 million in revenue, up from US$6.28 million in 2002. Contact: Bruce MacInnis at Bioscrypt, Tel: +1 905 624 7709, email:[email protected]
company news
Pay By Touch experiences highs and lows Pay By Touch, a US-based supplier of systems that allow tokenless biometric payment, has had a mixed month of fortunes, as it was sued by Californian-based Excel Innovations for patent infringement, but gained some exiting new customers and partners. Pay By Touch (formerly known as Solidus and Indivos) lost its motion to dismiss Excel Innovation’s lawsuit, and the case is expected to reach trial in late 2004 or early 2005. The lawsuit says Pay By Touch has infringed 18 United States
Patents and seeks damages in excess of US$20 million. Meanwhile, Pay By Touch has recently been active in generating new partnerships. Within the last few weeks it announced a strategic alliance with Ingenico that will see supermarkets and other retailers offered the opportunity to use the fingerprint-based payment technology. The company’s scanners will be added to Ingenico’s eN-Touch 1000 point of sale terminal. On the contract front, the company secured a major deal with the Piggly Wiggly Carolina Co, which will roll out the technology for its customer in South Carolina and Georgia. Under the agreement, Piggly Wiggly will implement the fingerprint scanning payment systems in all check-out lanes. The first phase of implementation will go live in four stores in Charleston and Columbia, South Carolina, in July. Other stores will be added later in 2004. Contact: Pay ByTouch, Tel: +1 415 281 2200, Fax: +1 415 281 2201
financials
Record results at Viisage Viisage has announced record results for its fourth quarter ended 31 December 2003. The supplier’s revenues for the quarter hit US$10.32 million, up 18% from US$8.76 million in the same period of 2003. Meanwhile the supplier’s net losses also improved for the quarter reaching US$1.40 million compared with US$3.05 million in the fourth quarter of 2002. For the full year revenues rose 16% to a record US$37.37 million in 2003 from US$32.30 million in 2002. Separately, Viisage also announced the acquisition of TDT, a privately held firm that is the sole source provider of high security technology and services to the Department of State for US passports. According to Bill Aulet, Viisage’s CFO: “Based upon our results for 2003 and the plans we have outlined for 2004, including our acquisitions of ZN and TDT, we believe we can generate revenues of US$57-$60 million this year and significantly improve our gross margins.” Meanwhile, Viisage expects that its operating income in 2004 will be at least US$0.5 million and that its net loss in 2004 will be not more than US$3.0 million. Contact: Ralf Biesemeier at Viisage, Tel: +49 234 9787 25, email: [email protected]
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