Source: Validity
Validity and Cogent Systems Combine Durable Chip-On-Flex Technology with World Class Image Reconstruction and Matching Algorithms
San Jose, California, July 24, 2007 - Validity Sensors, Inc., a privately held biometric company specializing in high quality durable fingerprint sensors, today announced a strategic partnership with Cogent Systems (Nasdaq: COGT) to develop high performance, low cost fingerprint sensor solutions. Cogent Systems is a leading provider of Automated Fingerprint Identification Systems, or AFIS, and other fingerprint biometric solutions to governments, law enforcement agencies and other organizations worldwide. The partnership has already yielded the integration of Validity's LiveFlexTM Fingerprint Sensors with Cogent's world-class fingerprint reconstruction and matching algorithms.
Validity's ground breaking Dual-Line-Imager (DLI) sensor, VFS201, is the first result of the Validity/Cogent partnership. The sensor utilizes Cogent's reconstruction technology and is also designed to work with Cogent's matching algorithm. The VFS201 offers the same LiveFlex durability as Validity's previous sensor, but in a significantly smaller exposed swipe area, comparable with more traditional swipe sensor dimensions.
"The combination of our patented technologies creates the world's most durable, rugged, and reliable high performance fingerprint sensors," said Jalil Shaikh, Validity's CEO. "The VFS201 is already making strides in the PC Notebook market segment."
"Our image reconstruction and matching algorithms have been specifically customized for optimal integration with Validity's fingerprint sensors," said Ming Hsieh, Cogent's CEO. "Our partnership with Validity demonstrates how we can leverage and license our core biometric technology into new commercial markets."
About the VFS201
The VFS201 integrates easily into PC market devices such as consumer and enterprise notebooks and peripherals. Users can easily swipe their finger over an extremely durable plastic surface for password replacement, authentication, identification, securing important data, and more.
Availability
Validity's VFS201 is available today. For further information, visit www.validityinc.com or email info@validityinc.com.
About Validity Sensors, Inc.
Headquartered in San Jose, California, Validity Sensors, Inc. develops the world's most durable, flexible and highest performing biometric fingerprint sensor for communication and information devices for PC, Mobile, Portable Media and Access Control markets.
Validity's biometric security products enable a wide range of convenient features including password replacement, identity verification, centralized management for corporate network security, secure wireless transactions, protection of portable data, and physical access control.
About Cogent Systems
Cogent is a global biometric identification solutions provider to governments, law enforcement agencies, and commercial enterprises. Cogent provides the highest quality identification systems, products and services with leading technology, accuracy and speed. Cogent's Automated Fingerprint/Palmprint Identification Systems, or AFIS, enable customers to capture fingerprint and palm print images electronically, encode prints into searchable files, and accurately compare a set of fingerprints/palm prints to a database containing potentially millions of prints in seconds. For more information, please visit www.cogentsystems.com
Forward-Looking Statements
This press release contains, in addition to historical information, forward-looking statements. Such statements are based on management's current estimates and expectations and are subject to a number of uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Cogent is providing this information as of the date of this press release, and expressly disclaims any duty to update information contained in this press release.
Forward-looking statements in this press release include, without limitation, express and implied statements regarding Cogent's anticipated revenue growth and growth in sales opportunities in a variety of markets, including future domestic and international growth. These forward-looking statements involve risks and uncertainties which could cause actual results to differ materially from those expressed or implied here. Readers are referred to Cogent's Report on Form 10-Q for the quarter ended March 31, 2007 filed by Cogent with the Securities and Exchange Commission which identifies important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including but not limited to: changes in government policies; uncertain political conditions in international markets; deriving a significant portion of revenues from a limited number of customers; deriving a significant portion of revenues from the sale of solutions pursuant to government contracts; failure of the biometrics market to experience significant growth; failure of Cogent's products to achieve broad acceptance; potential fluctuations in quarterly and annual results; changes in Cogent's effective tax rate; failure to successfully compete; failure to comply with government regulations; failure to accurately predict financial results due to long sales cycles; negative publicity and/or loss of clients due to security breaches resulting in the disclosure of confidential information; loss of export licenses or changes in export laws; failure to manage projects; rapid technology change in the biometrics market; loss of a key member of management team; termination of backlog orders; loss of limited source suppliers; negative audits by government agencies; failure to protect intellectual property; and exposure to intellectual property and product liability claims. The information contained in this press release is a statement of Cogent's present intention, belief or expectation and is based upon, among other things, existing industry conditions, market conditions, the economy in general and Cogent's assumptions. Cogent may change its intention, belief or expectation, at any time and without notice, based upon any changes in such factors, in its assumptions or otherwise. Cogent undertakes no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. By including any information in this press release, Cogent does not necessarily acknowledge that disclosure of such information is required by applicable law or that the information is material.
All trademarks are the property of their respective owners. © 2007 Validity Sensors, Inc
Contacts
Validity Sensors, Inc.
Paul Erhart, 480-385-3168
paul.erhart@validityinc.com
Cogent Systems
The Blueshirt Group, Investor Relations
Chris Danne, Rakesh Mehta
(415) 217-7722
chris@blueshirtgroup.com
rakesh@blueshirtgroup.com