ImageWare Systems, Inc., a developer of identity management solutions, has received an order valued at around $275,000 from GE Security, a supplier of security and life safety technologies.
Awarded for an undisclosed project, this initial contract will leverage ImageWare’s identity management suite including its IWS Biometric Engine and IWS Card Management System.
Jim Miller, ImageWare’s chairman and CEO said in a press release
that this announcement demonstrates the continued momentum of their partnership with GE Security.
“We continue to look forward to providing end-to-end solutions that help our customers combat their identity management challenges,” he added.
ImageWare recently partnered with GE Security to deliver biometric secure credentials by using GE Picture Perfect enterprise access control and security management solution with ImageWare’s biometric identity management and secure credential technologies.
Picture Perfect will therefore support biometric enrollment and identity proofing, as well as card management and issuance of biometrically-enabled secure credentials. The solution meets the requirements of Homeland Security Presidential Directive 12 and the Transportation Security Administration’s Transportation Worker Identification Card, among others.
ImageWare Systems has also closed a private placement on Nov. 17 of 2,300 shares of Series C Convertible Preferred Stock and warrants to purchase 115,000 shares of common stock to accredited investors.
The offering reportedly generated net proceeds of approximately $2.1 million.
Headquartered in San Diego, ImageWare Systems, Inc., is a developer and provider of identity management solutions, providing biometric, secure credential, law enforcement and digital imaging technologies.
A wholly-owned indirect subsidiary of the General Electric Company, GE Security Inc., delivers security and life safety technologies. The company has operations in more than 35 countries and $2 billion in annual sales. Its products are used to protect people and property across a wide range of industries, including aviation, law enforcement, banking, education, healthcare, mass transit, residential and retail.
Anuradha Shukla is a contributing editor for TMCnet, covering call centers, CRM and information technology. To see more of her articles, please visit her columnist page.