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In recent news….
·March 19, 2019 - ImageWare Systems Sets 2018 Year-End Investor Update Conference Call
·February 27, 2019 - ImageWare Systems Introduces the ImageWare Digital Identity Platform, an End-to-End Digital Biometric Identity Proofing, Authentication and Lifecycle Management Solution
·January 29, 2019 - Security Experts At AMAG, Blumberg Capital, CloudShyft, Idesco, Identiv, ImageWare, P3iD, and Xiid
·December 6, 2018 - Gatekeeper Innovation and ImageWare Systems Announce Powerful Partnership to Address Opioid Epidemic and Improve Patient Outcomes
·December 5, 2018 - ImageWare + ForgeRock = Successful Trust Network
·November 26, 2018 - Gartner Research: Selecting the Best Authentication Methods
In The Boardroom™ With...
Mr. Jim Miller
Chairman and CEO
ImageWare Systems, Inc.
www.iwsinc.com
OTCQB: IWSY
SecuritySolutionsWatch.com: We've all seen the headlines regarding the recent Citrix 2FA breach, Equifax, Marriott, MyHeritage, and Uber which have affected billions! The wake-up calls keep coming about password "insecurity" and it's not as if Bill Gates didn't warn us about this in 2004 when he predicted the death of the password. Your thoughts, Jim?
Jim Miller: We agree that distrust for enterprises managing private consumer data is at an all-time high. Continued data breaches, e.g. FEMA from late February, has begun to frustrate the masses. The recent WSJ report of a class action lawsuit about the growing use of biometrics in the workplace - and worker's concerns about the security, epitomizes this growing concern. ImageWare helps to solve the password problem which is at the root of more than 80% of data breaches; our flexible, secure, and scalable biometric MFA solution strengthens or even replaces passwords.
SecuritySolutionsWatch.com: Let's turn to ImageWare solutions to address this constant threat environment - please give us an overview of ImageWare's Digital Identity Platform, products and patent portfolio.
Jim Miller: The announcement (links to press release) of our Digital Identity Platform at RSA, triggered mmediate market traction. With the introduction of the Digital Identity Platform we now have all of the products integrated together which allows a customer to create a digital identity - fully-vetted against a government issued document -, use it thereafter for reliable biometric authentication, and manage that identity through its life cycle - all from one vendor, ImageWare. The need for this digital identity platform is finally being understood and addressed and our value proposition and message are finally resonating in the market. That makes for a huge difference...and it's here now. We are the only company that offers true ANONYMOUS BIOMETRIC SECURITY. We do this by employing a technique we developed and patented to separate biometric matching form personal information so that in the remote event of any security issue, an intruder would only have access to useless biometric templates without knowing who they belong to. With our portfolio of patents (22 issued with 25 pending) for cloud-based anonymous storage, transmission, and matching of multimodal biometrics, only ImageWare can provide the ultimate level of authentication assurance and security. From global partners, Fujitsu and ForgeRock, to our new deals announced with global Telecom and Commerce companies, ImageWare is positioned for the explosive growth in biometric authentication.
SecuritySolutionsWatch.com: Do you have customer and partner testimonials that exemplifies ImageWare's industry leadership?
Jim Miller: "Our valued partnership allows our customers to use the ImageWare Digital Identity Platform to easily integrate the most secure, flexible, and scalable identity proofing and biometric authentication solution in the market." Vic Herring - Vice President, Head of Global Software Center, Fujitsu Technology and Business America "As a valued member of the ForgeRock Trust Network, the ImageWare Digital Identity Platform further strengthens our customers' digital onboarding and biometric authentication solutions." Ben Goodman - Vice President, Global Strategy and Innovation, ForgeRock "Earlier this year, Contactable entered into a five-year agreement with ImageWare to re-sell our biometric products which have been fully integrated as a part of their offering. On March 18th our 8-K filing disclosed that through Contactable, ImageWare has been awarded a contract to provide the biometric authentication as part of the services provided to a major multinational mobile telecommunications company." - Jim Miller
SecuritySolutionsWatch.com: Care to comment on GDPR Jim... is it fair to say that GDPR is an external market driver for ImageWare solutions? Any other external factors creating a strong headwind for ImageWare solutions you want to talk about?
Jim Miller: GDPR, PSD2, and the California Data Privacy Protection Act may seem unconnected as first glance but these regulations deal with user privacy and security regulations. Privacy concerns and regulations are important market drivers and are expanding globally. ImageWare's Digital Identity Platform provides the most robust identity proofing for KYC 'know your customer'; AML 'anti money laundering' and strong biometric MFA. Add to this our patented Annonymous techniques and you have an easy to use system that provides world class authentication and privacy protection.
SecuritySolutionsWatch.com: Based on the growing worldwide traction, IWSY's impressive list of channel partners, strategic partners, and technology partners, and a market cap of only $140 million, it seems to us that IWSY is clearly poised for explosive valuation and growth. You've just had ImageWare's year-end conference call - what are the key takeaways for the financial community you would like to emphasize here?
Jim Miller: I'd like to point out what is fundamentally different about the ImageWare of today as compared with the ImageWare of the past few years. We've always known (as our long-time investors knew) that ImageWare was ahead of its time with a very powerful, best-of-breed scalable and patented biometric technology. The important question for us all was, "Could this technology become a successful business?" As you may have seen in the two recent 8-K filing announcements, that question no longer exists. The business from our partnership with Contactable with the mobile communications carrier puts ImageWare on the path to profitability. And, there are a handful of new transactions in the pipeline that we expect to announce in the present quarter, Q2. As to the question of why is this happening now - when for years we struggled to close deals? What has happened is that the market - our biometrics market - has begun to catch up with us. Identity IS the new Security perimeter. Throughout the world companies and governments have spent billions of dollars to install firewalls, threat detection systems and other products that protect the perimeter of their networks. But having spent those collective billions, we are still left with the facts as reported by Verizon: 80 PLUS PERCENT OF ALL SECURITY BREACHES ARE THE RESULT OF COMPROMISED PASSWORDS AND PINS. So, THEY DON’T WORK.
SecuritySolutionsWatch.com: Thanks again for joining us today Jim! Final thoughts?
Jim Miller: As we look around our industry and where it fits in our world, change is afoot. In business, change is hardly ever immediate or swift. It is time consuming and often painful and results when the pain it seeks to alleviate has reached a boiling point and can no longer be tolerated forcing change in habit and behavior. The mobile phone, color television and personal computer, staples in today’s everyday life, where not anywhere near immediate hits - taking many years to be adopted by the mass consumer market. So it is in the identity authentication space. Here at IWS we are seeing that change in real time. Folks, who over the past several years, were not ready or interested in securing their identity biometrically, are now realizing, finally, that the multiple levels of pain of multi-billion-dollar data breaches can no longer be tolerated. The market is finally catching up to us. They are also realizing that for the collective billions paid in network protection, it has not alleviated the problem. Identity IS the new security and as that reality takes hold, IWS and its investors will reap significant benefits.
About Jim Jim Miller has served as Chairman and CEO of ImageWare Systems, Inc. since 1997. Prior to that, Jim worked with the Mott Family Office and was a senior executive at Oak Industries Inc. where he served as a Director, General Counsel, Corporate Secretary, and Chairman /President of Oak Industries' Pacific Rim subsidiaries .Jim has a J.D. from the University of San Diego School of Law and a B.A. from the University of California, San Diego
About IWS ImageWare Systems, Inc. provides end-to-end digital identity proofing, authentication and management solutions as a cloud SaaS and on-premises. The company's Digital Identity Platform provides customers and partners with access to its patented technology for ultra-scalable and anonymous biometrics using nearly any vendors' biometrics.
Updated November 15, 2018
ImageWare® Announces Innovative GoVerifyID® Digital Identity Transformation Platform
ImageWare Revolutionizes Federated Digital Identities within Consumer Centric Ecosystems
ImageWare® Systems, Inc. (OTCQB: IWSY), a leader in mobile and cloud-based two-factor, multi-factor, and biometric multi-modal authentication and identity management solutions, announced the GoVerifyID® Digital Identity Transformation Platform as part of its GoVerifyID Enterprise Suite product line.
This new platform and turnkey solution provides federated digital identity onboarding, digital identity proofing, digital rights management, digital contracting, document signing, digital vaults, and overall digital identity management while providing support for regulatory and privacy compliance across multiple industries and geographies or digital ecosystems all from the same platform.
ImageWare’s new digital identity onboarding and digital management technology greatly expands the capabilities of its GoVerifyID product line. Now users can prove and maintain their identity, privacy and personal information using easily configured workflows involving the validation of government-issued ID cards, live biometric comparisons, “know your customer” validation, and other data sources prior to enrolling their biometrics quickly and easily all via their mobile phone. The platform provides a full range of two-factor, multi-factor, and biometric authentication enabling appropriate levels of user assurance during the digital identity journey.
Beyond digital onboarding, this new solution also enables the creation of digital ecosystems that connect individuals, organizations and things (IoT) delivering a true customer-centric and frictionless digital capability for organizations as they engage
with customers in the new digital age. The solution is available as a SaaS including a multi-tenant web portal to easily configure the onboarding steps, artificial intelligence automation rules, digital vault and document signing configuration, and
for auditing, review, and manual override functions.
ImageWare and its partner network, including Fujitsu, will market, sell, and deploy this solution to organizations globally. This platform also utilizes the ImageWare GoVerifyID multi-modal biometric,
multi-factor, and two-factor authentication SaaS as part of the solution.
Jim Miller, Executive Chairman and CEO of ImageWare Systems said, “This new offering continues ImageWare’s long history as a pioneer and innovator in the biometric identity management industry. The ascent of Digital Identity is transforming business operations for acquiring new customers, engaging with clients, and conducting business online, while ensuring user identity and building trust. Our new digital onboarding, document signing, and digital vault capabilities augment and further differentiates our authentication platform and solutions. This proven technology has been deployed at telecoms, financial institutions, and other clients with our technology partner Contactable.”
David Somerville, Senior VP of Sales and Marketing for ImageWare stated, “Providing digital onboarding and digital identity management capabilities as part of ImageWare’s ultra-scalable two-factor, multi-factor, and biometric authentication mobile/cloud SaaS provides the ultimate in digital identity assurance and authentication. Now, ImageWare’s customers can have a seamless journey from digital onboarding to user authentication, document signing, and contracting all using their mobile phones which is a significant driver for market adoption and acceleration of enhanced digital services.”
For more details, please click here.
Updated November 8, 2018
ImageWare® Systems’ GVID® Biometric Platform Selected to Secure Global Cloud Authentication for a24.io
ImageWare® Systems, Inc. (OTCQB: IWSY), a leader in mobile and cloud-based two-factor, multi-factor, and biometric multi-modal authentication and identity management solutions, today announced a distribution and integration partnership with leading global secure cloud provider a24.io.
The a24.io Secure Global Cloud spans the network, data centers and equipment installed at client premises – anywhere in the world – to ensure a secure, high performance and supported environment from the edge of your LAN directly into a private / public hybrid cloud. This solution, combined with mission critical application hosting and the ability to access 3rd party cloud applications, makes data transport fast and secure, to give companies a real edge. Customers include Cisco, IBM and Fusion Sports.
Terry Warren, CEO of a24.io, stated, “Simplifying and securing the authentication process is critical to the success of both on premise and cloud resources. After an extensive search, we chose ImageWare Systems’ GoVerifyID® (GVID) platform to secure the a24.io ecosystem as well as our customers’. GVID now allows us the freedom to choose the appropriate authentication method on a per user basis, from two-factor authentication (2FA) through multi-factor authentication (MFA) without any further integration effort needed. If a user’s access requirements change, we can readily update their profile on the fly to enable or disable the usable authentication methods. This level of security and control is unprecedented in the market today.
“We’re targeting several new market segments, and anticipate first deployments in calendar Q1,” concluded Warren.
ImageWare’s Executive Chairman and CEO, Jim Miller, commented, “The a24.io partnership marks an important entry into the UK market with a highly regarded organization with a global reach. We are equally enthused to also work with a24.io throughout North America and Asia. The company has aggressive growth plans and we look forward to material revenues beginning in Q1.
Updated September 14, 2018
ImageWare Systems, Inc. (OTCQB: IWSY), a leader in mobile and cloud-based, multi-factor, multi-modal biometric identity management solutions, announced that its GoVerifyID® solution has been certified for use with the ForgeRock Identity Platform™. ForgeRock® is a leading platform provider of digital identity management solutions.
The ForgeRock Trust Network Technology Program enables its partner community to integrate complementary technologies to extend and derive additional value with ForgeRock. ImageWare is a Principal Partner in the program, which is the top designation. ForgeRock and ImageWare’s technical staff collaborated closely to provide a seamless integration between GoVerifyID and the ForgeRock Identity Platform, and the integration has been validated as ForgeRock certified.
This integration enables ForgeRock customers to very easily add ImageWare’s Two-Factor Authentication (2FA), Multi-Factor Authentication (MFA), and biometric multi-modal authentication to their ForgeRock systems. Users can simply take a selfie, speak a phrase, swipe their finger, or show their palm to provide the ultimate in user assurance and convenience. Organizations can also elect to use phone-as-a-token (i.e. secure push notification) with a simple Yes/No or a PIN, as a simple two- factor authentication method.
ImageWare’s GoVerifyID-ForgeRock integration is now available on the ForgeRock Trust Network Marketplace along with supporting documentation and implementation information to enable easier integration of this solution.
Ben Goodman, Vice President, Global Strategy and Innovation at ForgeRock said that, “As the concept of digital identity has grown beyond employees, citizens and customers, to include services, devices and IoT connected ‘things’, ForgeRock’s unique identity platform has become pervasive across industries worldwide. ImageWare’s GoVerifyID is now a valued member of the ForgeRock Trust Network offering a full range of two-factor, multi-factor and biometric authentication methods which provide flexibility for users. And ImageWare has a proven history of delivering highly-scalable, real-time systems as is required by our large customers.”
Jim Miller, Chairman and CEO of ImageWare Systems stated, “Integrating GoVerifyID with ForgeRock’s identity platform brings our ultra-scalable and flexible 2FA, MFA and biometric authentication solution to this leading customer-oriented IAM solution. We look forward to working with ForgeRock to develop joint business development and go-to-market plans including co-marketing and targeted co-selling to ForgeRock’s extensive list of world class partners with large numbers of consumer users.”
Updated September 13, 2018
News facts:
·Fujitsu announces the availability of its MedClick™ medication adherence solution in the Epic® App Orchard marketplace
·With the integration of the MedClick dosage diary feature into Epic, clinicians can view their patient’s dosage diary in near real time
·Biometrics-as-a-Service™ (BIOaaS™) from Fujitsu allows patients to simply take a selfie, swipe a finger, speak a phrase, or show their palm to login to the MedClick mobile app, providing exceptional security and convenience
·The MedClick app also includes Secure DirectClick™ providing secure and convenient Voice over IP (VoIP) communication between patients and healthcare providers without incurring telephone charges
- Fujitsu America, Inc., a global leader in information and communication technology, announced that MedClick, its medication adherence and patient engagement product, is now available in the Epic App Orchard marketplace. As an App Orchard contributor, Fujitsu has utilized the Epic application programming interfaces to enable better communication between healthcare professionals and their patients. Healthcare professionals can now view near real-time information about the medication adherence of their patients using the MedClick solution.
- MedClick enriches the relationship between the healthcare team and the patient to improve medication adherence and patient engagement. With the integration of the MedClick dosage diary feature into Epic, clinicians can view their patient’s dosage diary in near real time. This FDA-cleared, enterprise level, mobile communication platform connects healthcare providers with patients and provides support when the patients are outside of the medical facility.
- Patients use the MedClick app on smart phones and tablets, while the healthcare professionals view the patient’s dosage diary details from within Epic. The MedClick mobile application is secured by the Biometrics-as-a-Service (BIOaaS) platform which provides multi-modal biometrics for patient identity authentication. Patients simply take a selfie, swipe a finger, speak a phrase, or show their palm to login to the app, providing increased security without using passwords. The MedClick mobile app also uses Secure DirectClick enabling patients to talk to their healthcare providers securely without incurring telephone charges.
- “Fujitsu is delighted to offer the MedClick solution to Epic customers to help improve patient engagement, and medication adherence for patients with complex medication regimens,” stated Jason Bradlee, Head of Security for Americas region, Fujitsu America, Inc. “We are passionate about increasing security and convenience while reducing costs for the healthcare and other industries.”
- The significant benefits of the MedClick solution are improving medication adherence while at the same time lowering healthcare cost.
Online resources
·Fujitsu MedClick: https://www.fujitsu.com/us/solutions/business-technology/security/security-services/medclick/
·Read the Fujitsu blog: http://blog.ts.fujitsu.com
·Follow Fujitsu on Twitter: http://www.twitter.com/FujitsuAmerica
·Follow us on LinkedIn: http://www.linkedin.com/company/fujitsu-america
·Find Fujitsu on Facebook: http://www.facebook.com/Fujitsu
·Fujitsu pictures and media server: http://mediaportal.ts.fujitsu.com/pages/portal.php
·For regular news updates, bookmark the Fujitsu newsroom: http://www.fujitsu.com/us/about/resources/news/.”
Updated September 12, 2018
ImageWare Systems, Inc. (OTCQB: IWSY), a leader in mobile and cloud-based, multi-factor, multi-modal biometric identity management solutions, announced that it has completed a private placement of $8.9 million of the Company’s newly designated Series C Convertible Preferred Stock, with four new institutional investors. Shares of Series C Preferred will accrue dividends at a rate of 8% per annum if paid in cash or 10% per annum if paid in shares of the Company’s common stock, and are convertible into shares of the Company’s common stock at a conversion price of $1.00 per share.
Northland Capital Markets acted as the exclusive placement agent for the Series C Financing. Northland Capital Markets is the trade name for certain capital markets and investment banking services of Northland Securities, Inc., member FINRA/SIPC.
Concurrently with the Series C Financing, holders of approximately $6.9 million of unsecured debt converted their debt, which amount includes all accrued and unpaid interest thereon, into 6,897 shares of the Company’s existing Series A Convertible Preferred Stock. The Company’s Board of Directors also declared a dividend for the holders of the Series A Preferred, pursuant to which each holder of Series A Preferred will receive a warrant to purchase approximately 40 shares of the Company’s common stock for every share of Series A Preferred held, which warrant is only exercisable concurrently with conversion of outstanding shares of Series A Preferred.
Jim Miller, Chairman and CEO of ImageWare stated, “We are extremely pleased with the financial commitment that our new investors and our existing debt holders have shown in support of the Company’s efforts through this financing and debt conversion. The proceeds from the Series C Financing will enable us to expand our sales and marketing efforts.”
Updated August 9, 2018
ImageWare® Systems Reports 2018 Second Quarter and Six-Month Financial Results
Update on Partners’ Biometric Sales and Marketing
ImageWare® Systems, Inc. (OTCQB: IWSY), a leader in mobile and cloud- based, multi-factor, multi-modal biometric identity management solutions, reported financial results for the second quarter ended June 30, 2018.
Q2 Summary of Results
·Revenue for the second quarter ended June 30, 2018 increased 78% to $1.9 million from $1.1 million in the second quarter of 2017. The increase reflects increased product revenue from the Veteran’s administration and several of our law enforcement customers.
·Gross profit for the second quarter was $1.6 million (84%) as compared with $810,000 (76%) in the second quarter 2017. The higher gross margins are due to higher software licensing revenue in the quarter.
·Net loss was $2.3 million in the second quarter compared with $2.5 million in the second quarter 2017.
Six Months Summary of Results
·Revenue for the six-month period ended June 30, 2018 increased 31% to $2.6 million from $2.0 million in the same six-month period in 2017.
·Gross profit for the six months was $2.0 million (79%) as compared with $1.5 million (74%) in the same six-month period in 2017.
·Net loss was $5.9 million in the six months compared with $5.3 million in the same six-month period in 2017.
Recently Announced Significant Events
·In Q2 we showcased our FDA-cleared pillphone® application for patient engagement and medication adherence using biometric authentication for the healthcare industry.
·In July we signed a distribution and integration partnership (including an initial order) with TwoFive, Inc., a leading Japanese security solutions provider – and opened a sales office in Tokyo.
·Also in July, through two partners, three financial institutions (Canada, New York, and Philadelphia) initiated multi-modal biometric security for their employees.
·Four Points Technology LLC received a multi-year $3.6 million award from the Veteran’s Administration (VA) for biometric licensing and support http://www.fedhealthit.com/2018/06/va-awards-3-6m-imageware-software-maintenance-task/
·ImageWare had direct sales totaling approximately $280,000 to existing US law enforcement agency customers for new projects.
Jim Miller, Chairman and CEO of ImageWare Systems said, “While all of the pending major sales in our pipeline are taking time, they are all moving forward. Because the migration from pins and passwords to our biometric technology is so significant, all parties are moving deliberately. We are making forward progress and have every reason to remain highly optimistic as we expect more substantive announcements in Q3.”
Updated July 18, 2018
ImageWare® Systems Extends Global Reach into Japanese Market with TwoFive, Inc. Partnership
ImageWare Opens Tokyo Sales Office
ImageWare® Systems, Inc. (OTCQB: IWSY) a leader in mobile and cloud-based multi-modal biometric identity management solutions announced a distribution and integration partnership with leading security solutions provider TwoFive, Inc., which includes an initial modest order.
TwoFive, Inc. develops end-to-end solutions for the Japanese service provider community as well as distributes messaging security solutions. Weak or stolen credentials are the leading cause for data breaches and information loss. TwoFive’s partnership with ImageWare brings GoVerifyID® to the service provider community and beyond to remove this risk from an ever changing and more complex security landscape.
ImageWare’s Senior Vice President Global Sales and Marketing, David Somerville, commented, “Our expanding commitment to the Japanese and Asia Pacific markets are evidenced by our TwoFive partnership and opening of the ImageWare office in the Marunouchi district Tokyo, and the appointment of Japan-based Vice President Sales for Asia Pacific, Stuart Folo.”
Nobuhiro Suemasa, CEO of TwoFive, Inc., added, “The strategy of many organizations in Japan and abroad is a reliance on the ongoing strength of a password to protect mission critical assets such as databases and applications. Continued breaches in enterprises of all sizes shows that the Japanese market continues to be exploited and the only way to secure these assets is by identifying the user at the time of authentication or transaction through multi-factor biometrics. We are excited to integrate, distribute and support the industry’s best of breed platform for multi-factor biometrics with ImageWare.”
Updated July 18, 2018
ImageWare® Systems Sales Update
ImageWare® Systems, Inc. (IWSY), a leader in mobile and cloud-based multi-modal biometric identity management solutions provided an interim sales update.
Three ImageWare partners have made the following sales:
Our largest partner – To a Canadian financial institution which will utilize our multi-modal biometrics initially for its employees.
CDW – To a Philadelphia-based credit union and a New York-based financial services company, both of which will initially utilize multi-modal biometric security for their respective employees.
For these partner sales ImageWare generates revenue on a per user/per month basis.
Four Points Technology LLC - received a multi-year $3.6 million award from the Veteran’s Administration (VA) for biometric licensing and support http://www.fedhealthit.com/2018/06/va-awards-3-6m-imageware-software-maintenance-task/.
ImageWare had direct sales totaling approximately $280,000 to existing US law enforcement agency customers for new projects.
Jim Miller, Chairman and CEO of ImageWare said that, “Our vendor-neutral, open-architected and patented ImageWare Biometric Engine platform provides government agencies and commercial enterprises with extremely flexible capabilities to meet any new business requirements.
“The two sales to existing customers is a validation of the value proposition of our biometric products. These three new customers, brought to us through partners, are just the tip of the iceberg of business that we see entering the final stages of the sales cycle,” concluded Miller.
Updated May 10, 2018
ImageWare Systems Reports 2018 First Quarter Financial Results
Jim Miller, Chairman and CEO of ImageWare Systems said, “Revenues in the quarter continued to reflect primarily our legacy business. However, we did see initial orders from several of our sales partners. Thus far in 2018 we have seen our first sales, although modest, under that model from our partners CDW, Fujitsu, Extenua and Avatier. While we have limited direct visibility on when sales projects will actually close, we do know that every project is making progress and our partners have given us good reason to believe that several will close in the second quarter,” Miller concluded.
Recently Announced Significant Events
- In April ImageWare received a $730,000 order from an existing customer for additional licenses of its Biometric Engine® identification software.
- In January, the company brought on board David Somerville as Sr. Vice President of Sales and Marketing to help the company to navigate the expected increase in worldwide sales activity. Mr. Somerville has over 20 years of high-level experience in the sales and support of security software.
- An existing Federal government customer, who has been using the patented IWS Biometric Engine for biometric authentication for more than five years, has made a $730,000 purchase of additional licenses.
- An ImageWare partner has made a sale to a privately held global corporation which has placed an initial order for enterprise GVID to serve the first 1,000 employees with plans to roll out GVID to its remaining 55,000 employees throughout the year.
- Another ImageWare partner has made a sale of its new cloud-based product with GVID built-in to two federal government agencies for use by select employees.
- Fujitsu has purchased licenses for 1,000 of its employees.
- For all four of these partner sales, ImageWare generates revenue on a per user/per month basis.
- Multi-modal biometric enrollment and management
- Identity proofing and vetting
- Management of biometric devices
More
Updated April 9, 2018
ImageWare Provides Sales Update of GoVerifyID Biometric Authentication Technology
ImageWare® Systems, Inc. (IWSY), a leader in mobile and cloud-based, multi-modal biometric identity management solutions, provides its first sales update for 2018.
Jim Miller, Chairman and CEO of ImageWare, said that “We have sold additional licenses to an existing customer who is expanding the use of the IWS Biometric Engine and three of our partners have made initial sales of GoVerify ID
(GVID). We continue to expect that many initial sales will often be made for enterprise/employee users and then adding users as services are rolled out to their customers.
“Working with our partners, combined with anticipated sales from our own sales efforts, we now expect additional sales on a regular basis and look forward to the next sales update in May,” concluded Miller.
Federal Government Customer
Partner Sales
GoVerifyID®
ImageWare’s GoVerifyID technology provides turnkey solutions to secure enterprise systems from security infrastructure providers such as Fujitsu, Microsoft, IBM, CA, HPE and other vendors. GVID is flexible to support nearly any use case and business process for your employees, partners, and customers. GVID enables organizations and users to select the biometrics of their choice including face, voice, fingerprint, palm image, and palm vein to provide increased security and convenience. It deploys quickly either on premises, and with multiple public, private and hybrid cloud hosting options including Fujitsu Cloud Service K5®.,and AWS (Amazon Web Services). More
About ImageWare® Systems, Inc.
ImageWare Systems, Inc. is a leading developer of mobile and cloud-based identity management solutions, providing patented biometric authentication solutions for the enterprise. Biometric technology uses unique physical characteristics to authenticate a person’s identity. The company delivers next-generation biometrics as an interactive and scalable cloud-based solution. ImageWare brings together cloud and mobile technology to offer multi-factor authentication for smartphone users, for the enterprise, and across industries.
ImageWare’s products support multi-modal biometric authentication including, but not limited to, any individual use or combination of face, voice, fingerprint, iris, palm, and more. All the biometrics can be combined with or used as replacements for authentication and access control tools, including tokens, digital certificates, passwords, and PINS, to provide the ultimate level of assurance, accountability, and ease of use for corporate networks, web applications, mobile devices, and PC desktop environments.
ImageWare is headquartered in San Diego, California, with offices in Portland, Oregon, Ottawa, Ontario, and Mexico City, Mexico. To learn more about ImageWare, visit https://iwsinc.com/ and
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Updated February 15, 2018 "Healthcare organizations will be able to provide care with confidence knowing that they have the right medical record for each patient", said Jim Miller, CEO at ImageWare Systems. "The healthcare enterprise will be enabled to operate more efficiently and the risk of medical identity fraud is drastically reduced using biometric authentication. The combination of AIMe and GoVerifyIDs biometric platform is a powerful combination that will help further assure that the correct health record is being tied to the right patient." Updated January 31, 2018 Jim Miller, Chairman and CEO of ImageWare Systems, said, "Biometrics are not only the most secure form of authentication, but are also the easiest to use, as each user is his or her own password. By taking advantage of our powerful biometrics solutions delivered via Fujitsu's cloud-based security as a service, many more businesses can easily enhance their security. This agreement further extends our marketing and sales activities with Fujitsu to new regions en route to a truly global offering. Fujitsu's global capability extends the reach of ImageWare's patented, multimodal biometric technology as a core element of Fujitsu's cyber security portfolio across the globe. Updated December 6, 2017 ImageWare Systems, Inc. (ImageWare or IWS) (IWSY), a leader in mobile and cloud-based, multi-modal biometric identity management solutions, today announced that GoVerifyID for IBM Security Access Manager (ISAM) is now available on the IBM Security App Exchange.
GoVerifyID seamlessly integrates with IBM identity and access management technology to provide a flexible, end-to-end, multi-modal, biometric security solution for all ISAM authentication processes. ImageWare’s GoVerifyID, combined with ISAM, allows users to swipe a fingerprint, take a selfie, speak a passphrase, show their palm, or enter a PIN on their mobile devices to authenticate for any ISAM managed resource. The enterprise-ready integration package deploys automatically into existing ISAM environments and has been validated by IBM Security.
This new integration is freely available to the security community through IBM Security App Exchange, a marketplace where developers across the industry can share applications based on IBM Security technologies. As identity-related attacks persist as a leading cause of major security breaches, collaborative development amongst the security community will help organizations adapt quickly and speed innovation in the fight against cybercrime.
GoVerifyID integrates with IBM Security Access Manager, which helps companies provide secure and simplified access to web, mobile, and cloud technologies through a single integrated platform. This new integration allows ImageWare and IBM customers to replace or augment passwords with biometrics to provide an improved user experience, increased user identity trust, and greater security. By eliminating passwords or providing biometric multi-factor authentication (MFA), the risk of a data breach is reduced.
“The major data breaches in the headlines over the past few months remind us of the severe business consequences of such incidents. The ImageWare GoVerifyID product mitigates the risk of these devastating thefts that can bankrupt a company and cause untold pain for their partners and customers,” said Jim Miller, Chairman and CEO of ImageWare. “We are excited to have placed our GoVerifyID for ISAM solution on the IBM Security App Exchange to make it readily available to existing IBM customers. We look forward to helping enterprises quickly and easily deploy this integration to provide the ultimate in security and ease of use for their ISAM environments.
Updated December 5, 2017 Updated November 10, 2017 ImageWare Systems, Inc. (ImageWare or IWS) (OTCQB: IWSY), a leader in mobile and cloud-based, multi-modal biometric identity management solutions, has been awarded patent numbers 2870254 & 2600388 by the Canadian Intellectual Property Office for the IWS Biometric Engine. This patent brings the total issued patents for IWS to 22 and conveys intellectual property rights to the creation of a multi-modal, agnostic biometric authentication system to ImageWare in the country of Canada. ImageWare's IWS Biometric Engine is the first and only truly multi-modal, device and algorithm independent, biometric software platform. It is a highly scalable technology that enables government, commercial enterprises, and consumers to biometrically search and match populations for identity authentication. The platform is a hardware and algorithm-agnostic system that allows users to achieve identity authentication through an array of enrolled biometric types, including: finger, face, iris, palm, signature, DNA, voice, 3D face, and retina. ImageWare's history and passion for innovation in the biometric field continues and we are gratified by the issuance of such a foundational patent in the country of Canada on our groundbreaking IWS Biometric Engines said Jim Miller, Chairman and CEO of ImageWare. Now, more than ever, it is critical to protect our data and our identities by using biometric authentication that verifies our identity as legitimate and that is precisely what our patented products supply. About ImageWare Systems, Inc. ImageWare Systems 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 highly scalable, multi-modal biometric engine capable of working with a wide array of sensors, modalities, and algorithms. ImageWare's identity management products are used for secure credentials, national IDs, passports, driver's licenses, and smart cards as well.
Updated October 2, 2017 Certified integration with IWS GoVerifyID® offers ISAM users multi-modal biometric authentication with mobile devices
ImageWare Systems, Inc. (ImageWare or IWS) (OTCQB: IWSY), a leader in mobile and cloud-based, multi-modal biometric identity management solutions, today announced it has received IBM PartnerWorld’s Ready for IBM Security Intelligence designation for its GoVerifyID Enterprise Suite. As a result, ImageWare’s GoVerifyID has been validated to integrate with IBM Security products to help better protect its customers around the world.
ImageWare's GoVerifyID provides multi-modal biometric user authentication using mobile devices and Software-as-a-Service (SaaS). GoVerifyID, combined with IBM’s flagship access management platform, IBM Security Access Manager (ISAM), allows users to swipe a fingerprint, take a selfie, or provide a voice sample on their mobile device to authenticate for any ISAM managed resource. GoVerifyID Enterprise Suite is an end-to-end, enterprise-ready, security solution that can be seamlessly integrated into your existing ISAM authentication processes, providing a secure and user-friendly experience, while allowing you to adopt new biometric modalities as they are available.
Flexible mobile biometric authentication, combined with secure web application access provides the ultimate in security and friendly user experience,” said IWS Chairman and CEO Jim Miller. “ISAM users can now enjoy seamless integration and instantly access all of their apps by simply taking a selfie, using a fingerprint or speaking a passphrase. And, of course, as with all IWS mobile authentication products, users can always avail themselves of the latest advancements in biometric technology if they choose to do so as our GoVerifyID products are supported by our patented IWS Biometric Engine that allows for unparalleled flexibility, scale, and security.”
The Ready for IBM Security Intelligence alliance is designed to promote technology collaboration and integration to expand and enhance security coverage, collapse silos of information, and increase situational awareness and insights. With the PartnerWorld program and Ready for Security Intelligence validation, IBM supports collaboration with its Business Partners to enable the integration of product capabilities and improved security capabilities for mutual customers.
Updated September 25, 2017 ImageWare Systems, Inc. (ImageWare or IWS) (OTCQB: IWSY), a leader in mobile and cloud-based, multi-modal biometric identity management solutions, has completed an $11 million registered direct offering to certain accredited investors.
ImageWare sold an aggregate of 11,000 shares of new Series A Preferred Stock at $1,000 per share for gross proceeds of $11 million. After accounting for previously advanced cash that was converted into the transaction, new proceeds are expected to be approximately $10.1 million. ImageWare intends to use the proceeds for general corporate purposes such as marketing, sales and working capital.
The offering was conducted pursuant to the Company’s shelf registration statement on Form S-3 (File No. 333-214124) previously filed with and subsequently declared effective by the Securities and Exchange Commission (the “SEC”) on April 28, 2017. A prospectus supplement and accompanying base prospectus relating to the offering was filed with the SEC and is available on the SEC’s website.
Concurrently with the registered direct offering, ImageWare expects to consolidate $20.6 million worth of shares of existing Series E, Series F and Series G preferred stock into the new class of Series A Preferred Stock. The only preferred shares expected to remain outstanding after the exchange is approximately 239,000 shares of Series B Preferred Stock.
“This financing recognizes the strong progress we’ve made to commercialize our leading identity management solutions for the enterprise and consumer markets, as well as our significant prospects for growth in those areas,” said Jim Miller, ImageWare’s chairman and CEO. “Not only are we now in a better position to capitalize on the growing industry demand for biometric solutions, but we believe our bolstered balance sheet and operational momentum will enable us to further expand our partner agreements for our mobile and cloud-based products.”
Concurrent with the financing, ImageWare has appointed Robert Clutterbuck and Charlie Frischer to its board of directors.
SecuritySolutionsWatch.com: Thank you for joining us again today Jim at this momentous time in the history of ImageWare. Congratulations on all the positive developments during the past few months. Before discussing all the new deals and the fast-growing mainstream acceptance of biometrics, perhaps we can begin with an overview of the ImageWare Product Portfolio as it stands now. Jim Miller: Always a pleasure. With data breaches happening every day and causing damage to your brand, tangible economic loss, and termination of employment for executive management charged with oversight, enhancing security without compromising user experience is a priority for today’s organizations. Multi-modal biometrics for user authentication handles this requirement and that’s what ImageWare does. We have invested substantial time and effort into making the implementation of biometric security simple, quick, and cost-efficient. Being a pioneer in biometrics, with several decades of experience, ImageWare has built its brand through deployments in law enforcement applications, later migrating to secure biometric credentialing, and more recently, to authentication in the cloud using smart mobile devices. At the heart of all of our product offerings is the patented IWS Biometric Engine® (BE), which provides an ultra-scalable, real-time, multi-modal biometric enrollment and matching database specifically built for biometrics. The BE supports a dozen different biometric modalities today and adding new modalities is simple and straight forward. As we say, “we secure your future,” meaning that we not only satisfy your current security requirements, but we also secure your investment as new biometric technology becomes available. We treat biometrics as “plug and play,” so you can take advantage of new advancements with no loss to your current investment.
We also provide CloudID®, which offers unsurpassed capabilities for rapidly developing and deploying highly modular, cost effective, customized biometric identity management and advanced credentialing solutions for ID cards in the private or public sector. CloudID also provides: More recently, ImageWare has developed the GoVerifyID® solution. Most recently, ImageWare has released GoVerifyID Enterprise Suite, which brings the GoVerifyID technology to the Enterprise. GoVerifyID Enterprise Suite is a Windows Server certified solution that is seamlessly integrated with the Microsoft Ecosystem. It installs in less than 30 minutes, requires no coding or integration, supports both local biometric readers and mobile devices, works on all versions of Windows, and protects the complete range of enterprise stakeholders. All licensed on a pay-as-you-go, scale-as-you-need basis. Multi-modal biometric authentication for the enterprise has NEVER been easier! SecuritySolutionsWatch.com: One will read at your Homepage that “ImageWare Systems stands out as a leader in cutting-edge, identity management solutions driven by biometric technology. We deliver next-gen biometrics as an interactive and scalable cloud-based solution. We combine cloud and mobile technology to offer multi-factor authentication for smartphone, tablet, and desktop users. Our solutions provide multi-modal biometric authentication, using voice, fingerprint, facial recognition, our own patented software algorithms, and partnerships with leading multi-factor identification proofing providers. What are your key target markets? Jim Miller: Any use case that requires authentication of an identity, and we do mean ANY use case, would benefit from the security and ease of use provided by the Imageware products. Moving away from passwords or augmenting them with additional security and providing a stronger form of identity authentication is one of the greatest challenges all organizations are facing today. With our extensive partnerships, we aim to change the nature of authentication across industries, environments, and use cases with multi-modal biometrics built on top of scalable, interoperable, plug-n-play technology. These solutions are widely applicable to any industry. From our experience, the following industries are most active in pursuing biometric authentication solutions today: Banking, Financial Services, Retail, Healthcare, Government, and Education. SecuritySolutionsWatch.com: We read with great interest in CIO Review, that “Biometrics is on its way to make identity theft and fraud a thing of the past. The pace of innovation around biometric technology is generating new creative use cases across the enterprise realm today. From commercial mobile user authentication using voice, face, fingerprint, to enterprise employee identification with multi-modal biometrics, chances are high that you will find the work of ImageWare Systems (OTCQB:IWSY) behind it.” Care to elaborate? Jim Miller: ImageWare is a true pioneer and innovator in the biometric field; We have a wide portfolio of foundational intellectual property, which is testimony to our pioneer status in the industry as well as our reputation as an innovator in the biometric identity management space. Our work using biometrics for physical and logical access control can be seen in Identity management systems employed by such flagship customers as the Canadian TSA, US Veterans Administration, Los Angeles World Airports, and most recently, with our contract award for five Alaskan airports. Most recently, as we have discussed, our GoVerifyID products for commercial, consumer, and enterprise customers have revolutionized cloud-based biometric authentication for mobile and smart devices as well as the desktop. Biometrics can definitely mitigate the ever-increasing number of data breaches that are most often based on compromised passwords. Imagine a hacker trying to access your corporate network that is secured with multi-factor biometric authentication. The hacker can try all the passwords they want, but without the biometrics they won’t be able to access anything. And they won’t even know why their access attempt failed. They will soon move on to trying to gain access to some other company that is not secured with biometrics. This same type of security increase applies to all industries from healthcare where biometrics are already in place to some extent, to banking where biometrics are just starting to be deployed, to consumer applications where the possibilities are endless. Many consumers have already indicated that they prefer using a quick and easy biometric, like their fingerprint or a selfie, rather than having to type a complex password. And the real win is that by using biometrics you provide significantly stronger identity verification and nearly eliminate the use of compromised passwords for data breaches. SecuritySolutionsWatch.com: Kudos also Jim on the 2017 Frost & Sullivan New Product Innovation Award and their assertion that “The frequency at which data breaches are happening globally is alarming, making security a major challenge to 'C' level personnel across industries. Traditional authentication methods such as passwords, PINs, and tokens are increasingly becoming obsolete. ImageWare's innovative GoVerifyID Enterprise Suite solves these problems by providing multi-modal biometric user authentication as an end-to-end, turnkey solution.” Care to add any additional color to this? Jim Miller: It’s always gratifying to have independent industry experts recognize ImageWare and find that our GoVerifyID enterprise product is the most innovative while embodying the best practices for identity authentication. By the way, our patented Biometric Engine, which powers all our solutions, was recognized as the best product in our industry a few years ago as well. Our task was to create a secure, scalable, and flexible product for the Microsoft ecosystem that installs in less than 30 minutes and provides real time, turnkey, multi-factor authentication using your choice of biometrics with no coding, no integration, and no upfront cost as it’s sold as a service. It scales to support hundreds of million of identities and transactions a day and can be used by small or large multi-national companies to protect their network assets and that’s what GoVerifyID Enterprise Suite is all about. We secure corporate assets and protect people’s identities by using multi-factor biometrics, not just using devices or secrets. We also perform biometric matching using our patented anonymous methods so your personal information remains safe. This is as secure and easy to use as it gets. SecuritySolutionsWatch.com: Can we chat for a moment about today’s IOT, BYOD and mobility culture? What is your perspective Jim regarding the unique value proposition that ImageWare delivers to your customers in this environment. Jim Miller: We live in a world where our digital identity is the bridge to our human identity. The "Internet of things" (IoT) is essentially a giant network of connected "things” - a concept that not only has the potential to impact how we work, but also how we live. We can connect our devices to all manner of devices and people. This raises a huge concern with privacy and security in this connected world. Anything connected to your network is now a potential breach point; it makes data security more complex, information governance more complicated, and your corporate and customer data more vulnerable. The same concerns apply to BYOD, or as we sometimes say at ImageWare, “Bring Your Own Disaster” – every connection point is a data breach potential and a majority of folks use their personal devices at work where they access valuable corporate information.. We have seen too many times how this story ends - a single tablet or smartphone contains credentials to the entire corporate network and this “simple thing” can end up costing employers millions. There is only one thing that can verify the actual person – biometrics, one’s unique human characteristics. A person who knows the password or has the token is not verifying the actual person, because passwords can be discovered and tokens stolen. The user’s unique physical traits, that’s where ImageWare delivers value by allowing our users to replace or augment password or PIN security with easy to use biometrics. Just like your readers, I can’t wait until I can stop using passwords for everything and just use my face, voice, eyes, or some other biometric - more secure and nothing to remember each time I log in! SecuritySolutionsWatch.com: Let’s drill down into the growing traction for ImageWare solutions and the partnerships in place. The blue-chip list of ImageWare partners that includes: Amazon, CA, Fujitsu, HPE, IBM, Microsoft, SAP, TransUnion and Verizon, just to name a few, is truly impressive. Want to give us a quick thumbnail of the status of some of your most significant partnerships? One of our newer technology alliances is with Aruba, an HP Enterprise company. Aruba built our technology into their Aruba ClearPass network management suite of products. This allows any of their customers to add multi-modal biometric authentication into their existing security mechanisms without needing to install any additional hardware or software. We are finding the greatest traction with Aruba in the Higher Education and Healthcare industries. Of course, we are also integrated to provide biometric authentication with CA Technologies Single Sign On product, and the SAP Cloud Platform, as well as with the Leidos product, ID HAYSTACK. SecuritySolutionsWatch.com: Nice job to ImageWare’s staff for the collateral material that is available in your Resources section. Want to give us an overview of the: Reports, Case Studies, White Papers and other content there? Jim Miller: Thank you and it is of course a team effort. We recently updated our website (www.iwsinc.com) with all refreshed content. The link you provided here contains descriptions of our product offerings, white papers, use cases, analysts’ reports, customer success stories, etc. It enables customers and prospects to easily find the information they seek and to gain a better understanding of what we do. We also have a dedicated website for GoVerifyID, our revolutionary, award winning product: www.goverifyID.com. This is a consolidated place where you can find all information about our award-winning mutil-modal biometric authentication SaaS solution. I would recommend visiting this site if you want to know more about the product. Creating great content and making it available is only part of what we offer on our website. We encourage customers and prospects to frequently visit our site, connect with us via an online form, or our social media channels – LinkedIn, Facebook, and Twitter – so that we can maintain an open and transparent discussion with our customers. SecuritySolutionsWatch.com: Thanks again for joining us today, Jim. Any other subjects you’d like to cover? Jim Miller: Our vision includes additional innovative solutions for both the enterprise and consumers. Everything that you might want to secure for the enterprise is a target for our GoVerifyID technology. Security for consumers across the internet and with IoT are also prime candidates for innovation by ImageWare. We’ve been thinking about the ubiquitous use of biometrics and working with them for over two decades and are putting those decades of experience to work to build world class products that are valuable and frictionless. We look forward to Securing The Future. Thank you for having me.
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GoVerifyID is a multi-modal mobile/cloud biometric user authentication application. It is an end-to-end solution, including identity proofing, cloud provisioning, on-device enrollment, real-time authentication, seamless integration into existing security workflows, and a turnkey self-service portal. GoVerifyID is the industry's first multi-modal biometric user authentication solution that allows customers to strengthen the security of their passwords or two-factor authentication using biometrics that are offered as a mobile/cloud SaaS offering. Instead of typing a password, end users can speak passphrases, swipe their fingerprints, or even take "selfies" to gain access. GoVerifyID, along with its standard interfaces and SDKs, can be easily integrated with nearly any security system. 
going back to our original entry into the market where we created digital booking systems for law enforcement agencies coupled with facial recognition to search those databases. Our first customer for those products, the State of Arizona, is still with us.
We recently pioneered cloud-based delivery of biometrically-enabled driver’s licenses via our CloudID product in Baja California, Mexico and biometrically authenticated access cards for identity and access management systems with FEMSA. FEMSA is the largest independent Coca Cola bottler in the world and the second largest shareholder of Heineken. They operate retail chain stores and are supply chain operations specialists with over 375 million customers across Mexico and Latin America.
PINs and Passwords are the problem. They are unsecure, expensive, and hard to use and, according to a recent study by Verizon, at the root of over 80 percent of all data breaches occurring last year. On top of that, password resets end up costing, according to an Infotech study, over 100 dollars per user per year! WHY WOULD ANYONE CONTINUE THEIR USE?!
Jim Miller: Our initial Fujitsu partnership uses our technology in many parts of their business. They provide their Biometrics-as-a-Service SaaS offering in their cloud services by hosting our technology. This enables Fujitsu to provide biometric authentication as part of many types of IT solutions, such as Banking, Retail, and Help Desk. Well, as readers may have seen, we have recently signed agreements with Fujitsu’s Cyber Security group to resell our entire portfolio of GoVerifyID, CloudID, and Biometric Engine products across Europe, the Middle East, India and Africa. We expect to add new territories in the very near term. There’s no larger compliment to be paid than when a well-regarded global player, such as Fujitsu, wants to sell and market your products.