Imageware and Four Points Technology Awarded $2.7 Million Licensing and Maintenance Contract with The Department of Veteran Affairs

Rhea-AI Summary

Imageware (OTCQB: IWSY) and Four Points Technology have secured a three-year contract worth $2.7 million from the Department of Veteran Affairs (VA) to support the Personal Identification Verification (PIV) card program. This contract encompasses software and support services essential for delivering biometrically-enabled credentials. CEO Kristin Taylor noted the significance of this partnership, affirming Imageware's proven reliability in biometric identification within federal government implementations. The contract will enhance security for VA personnel and facilities over its base year and two optional years.

Positive

• Awarded a $2.7 million contract from the VA, indicating significant revenue influx.
• Strengthens partnership with Four Points Technology, enhancing credibility.
• Ongoing relationship with the VA is established, demonstrating reliability in biometric solutions.

Negative

• None.

SAN DIEGO, Aug. 19, 2021 /PRNewswire/ -- Imageware® (OTCQB: IWSY) ("ImageWare" or "the Company"), a leader in biometric identification and authentication, and Four Points Technology, a partner/reseller, was awarded a three-year, $2.7 million contract by The Department of Veteran Affairs ("VA") under Four Points Technology's NASA SEWP V contract for support of its Personal Identification Verification ("PIV") card program.

The contract is for software and support services that are required to deliver biometrically-enabled credentials to the PIV smart cards. It covers a total of one base year with two, one-year option periods to provide biometric leasing support and enhanced security for contractors, employees, and agency facilities.

"We are pleased to play a vital role in the largest implementation of biometric smart cards, with over 1,089,000 installations, inside the federal government," said Company CEO Kristin Taylor. "Imageware's track record of consistently winning awards with the VA in this decade-plus relationship showcases our reliability and the effectiveness of our biometric identification systems. Large commercial enterprises and government agencies like the VA need an identity management solution that provides flexible capabilities to meet ever-changing business security requirements, and ImageWare provides just that in our open-architected and patented Biometric Engine. We appreciate the strong rapport we've received from the VA and look forward to continue providing dependable biometrics support and security solutions over the coming years."

Jason Goldberg, VP, Sales at Four Points Technology added: "We are committed to working with the VA to meet their critical identity management and security mandates, of which the Imageware solution is an integral piece. This contract is a new instance but is an ongoing partnership between Four Points, Imageware and the VA for the past several years."

About Four Points Technology 
Four Points Technology is a CVE-verified Service-Disabled Veteran-Owned Small Business (SDVOSB) dedicated to providing IT products, professional services, and clinical solutions to the Federal Government. By leveraging well-established relationships with major vendors, suppliers, and partners, Four Points provides custom and leading-edge information technology solutions to meet customers' unique needs. www.4points.com

About Imageware® 
Imageware identifies, verifies and authenticates who people are, not just what keys and codes they have. Our Cloud-based, multimodal biometric solutions provide faster, accurate identification to better secure communities, data and assets. Imageware solutions are trusted globally by government agencies, law enforcement and private enterprises. Imageware: Identity with Biometric Certainty. For more information, please visit www.imageware.io.

Media Contact: 
Theresa Hernandez
Imageware^®
858-449-7490
thernandez@imageware.io 

Investor Contact:
Tom Colton
Gateway Investor Relations
949-574-3860
IWSY@gatewayir.com 

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SOURCE ImageWare Systems, Inc.

FAQ

What is the value of the contract awarded to Imageware by the VA?

The contract awarded to Imageware is worth $2.7 million.

What does the contract with the VA for Imageware entail?

The contract involves software and support services for the Personal Identification Verification (PIV) card program.

How long is the contract between Imageware and the VA?

The contract is for three years, including one base year and two optional one-year periods.

What role does Imageware play in the VA's biometric card program?

Imageware provides biometrically-enabled credentials and support for the PIV smart card implementation.

What is Imageware's stock symbol?

Imageware's stock symbol is IWSY.