BEDFORD, Mass., June 28, 2018 /PRNewswire/ -- Aware, Inc.
(NASDAQ: AWRE), a leading global provider of biometrics software
and solutions, today announced that it will provide software and
services towards implementation of a central biometric services
system being deployed by the United Kingdom Government for
applications in law enforcement, border management, and
immigration. Aware is on a team led by Fujitsu Services Limited
selected to supply the biometric matcher integration
hub. Aware will contribute the biometric matcher integration
hub and its segment-leading Biometric Services Platform (BioSP™)
product, which will be used in part to provide workflows and a
layer of abstraction between multiple biometric matchers and other
subsystems. The value of the award to the team is US$38 million over five years, with a possible
three-year extension.
BioSP is often selected to serve as the foundation of a
biometric system because of its maturity and proven performance,
ease of configuration, and it's open, modular design. By building a
system upon BioSP, stakeholders can be assured of enabling a
solution that is reliable, interoperable, and
future-proof.
"BioSP is the leading biometric platform because of its rich
feature set, rapid configurability, and proven reliability for
mission-critical applications, all provided as an off-the-shelf
software product," commented Rob
Mungovan, Vice President Biometrics at Aware. "Aware is very
pleased to again be working with Fujitsu, and to again see BioSP
serve a central role in such an important biometric system."
About Aware
Aware is a leading provider of biometrics
software products and development services to governments, system
integrators, and solution providers globally. Our products include
SDKs, software components, workstation applications, and a modular,
centralized, service-oriented platform. They fulfill a broad range
of functions critical to biometric authentication and search,
including face, fingerprint, iris, and voice capture, sample
quality assurance, data compliance, capture hardware peripheral
abstraction, centralized data processing and workflow, subsystem
connectivity, and biometric matching algorithms. The products apply
biometrics to enable identity-centric security solutions for
applications including banking and payments, border management,
credentialing and access control, intelligence and defense, and law
enforcement. Aware is a publicly held company (Nasdaq: AWRE) based
in Bedford, Massachusetts.
See Aware's website for more information about our biometrics
software products.
Safe Harbor Warning
Portions of this release contain forward-looking statements
regarding future events and are subject to risks and uncertainties,
such as estimates or projections of future revenue and earnings,
and the growth of the biometrics markets. Aware wishes to caution
you that there are factors that could cause actual results to
differ materially from the results indicated by such
statements.
Risk factors related to our business include, but are not
limited to: i) our operating results may fluctuate significantly
and are difficult to predict; ii) we derive a significant portion
of our revenue from government customers, and our business may be
adversely affected by changes in the contracting or fiscal policies
of those governmental entities; iii) a significant commercial
market for biometrics technology may not develop, and if it does,
we may not be successful in that market; iv) we derive a
significant portion of our revenue from third party channel
partners; v) hardware revenue is likely to decline in future
periods; vi) we face intense competition from other biometrics
solution providers; vii) our business is subject to rapid
technological change; viii) our software products may have errors,
defects or bugs which could harm our business; ix) our business may
be adversely affected by our use of open source software; x) we
rely on third party software to develop and provide our solutions
and significant defects in third party software could harm our
business xi) our intellectual property is subject to limited
protection; xi) we may be sued by third parties for alleged
infringement of their proprietary rights; xiii) we must attract and
retain key personnel; xiv) we rely on single sources of supply for
certain components used in our hardware products; xv) our business
may be affected by government regulations and adverse economic
conditions; xvi) we may make acquisitions that could adversely
affect our results, and xvii) we may have additional tax
liabilities.
We refer you to the documents Aware files from time to time with
the Securities and Exchange Commission, specifically the section
titled Risk Factors in our annual report on Form 10-K for the
fiscal year ended December 31, 2017
and other reports and filings made with the Securities and Exchange
Commission.
Aware and BioSP are trademarks or registered
trademarks of Aware, Inc.
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SOURCE Aware, Inc.