Last $1.90 USD
Change Today +0.03 / 1.60%
Volume 66.1K
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imageware systems inc (IWSY) Snapshot

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09/2/14 - $3.07
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04/28/14 - $1.60
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imageware systems inc (IWSY) Details

ImageWare Systems, Inc. provides biometrically enabled software-based identity management solutions for biometrics, secure credential, and law enforcement and public safety markets worldwide. Its principal product is the patented IWS Biometric Engine, a multi-biometric software platform enabling the enrollment and management of unlimited population sizes. The company also offers GoMobile Interactive, a mobile biometric identity management platform that allows business, service, and content providers to offer users biometric security for their products, services, and content on the Android or iPhone operating systems; IWS PIV (personal identity verification) Management Application that supplies Web-based graphical user interface to various server functions; IWS PIV Middleware product, which connects a card reader and PIV card; IWS Background Server, a software application designed for biometric identity management functions; IWS Desktop Security, an authentication management platform; and IWS Biometric Quality Assessment and Enhancement, a biometric image enhancement and assessment solution. Its secure credential products include IWS Card Management System to support and manage the issuance of smart cards; IWS EPI Suite, an ID software solution for producing, issuing, and managing credentials and personal identification cards; IWS EPI Builder, which offers various aspects of ID functionality; IWS EPI PrintFarm software for card printing; and IWS PIV Encoder that programs the PIV smart cards. In addition, the company provides IWS Law Enforcement, a digital booking, identification, and investigative solution; and add-on modules, such as LiveScan, Facial Recognition, Law Enforcement Web, Witness View, and IWS Biometric Engine, as well as maintenance and customer support services. It primarily serves corporations, border crossings, airports, hospitals, universities, and government agencies. The company was founded in 1987 and is headquartered in San Diego, California.

61 Employees
Last Reported Date: 03/17/14
Founded in 1987

imageware systems inc (IWSY) Top Compensated Officers

Chairman of the Board and Chief Executive Off...
Total Annual Compensation: $358.9K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $211.3K
Chief Technical Officer and Vice President
Total Annual Compensation: $230.2K
Compensation as of Fiscal Year 2013.

imageware systems inc (IWSY) Key Developments

ImageWare Systems, Inc. Announces New Alliance with TransUnion

ImageWare Systems Inc. announced a new alliance with TransUnion. The alliance integrates TransUnion's ID Manager solution with ImageWare's out-of-band biometric authentication product, GoVerifyID™, allowing ImageWare to deliver advanced fraud-prevention capabilities to organizations. The relationship also helps accelerate consumer adoption of biometric authentication. Biometric authentications, which include voice, eye, signature, fingerprint and facial recognition, provide an additional layer of fraud defense to TransUnion's and ImageWare's customers. Through the relationship, consumer identities will be thoroughly analyzed using both biometric signatures and the TransUnion ID Manager platform. Both TransUnion and ImageWare customers will benefit from new seamless access to these fraud prevention tools. Identity verification tools help organizations verify and ensure the correct customer is accessing information or accounts, which reduces risk exposure and potential loss. With biometric authentications, organizations can ensure they are integrating advanced fraud-prevention capabilities, while gaining additional consumer trust in their security procedures.

ImageWare Systems, Inc. Appoints Jeff Harris as Senior Vice President of Sales and Marketing

ImageWare Systems Inc. has appointed Jeff Harris as the company's senior vice president of sales and marketing. Harris brings over 25 years of sales and marketing experience across a range of technology-based products, including advanced sensors and communications as well as networking products. Harris will be responsible for driving direct and indirect sales strategies as well as ImageWare's brand and global marketing efforts. He will also lead product and solutions sales, channel partnership development, product support, and corporate field and brand marketing. Harris previously served as a senior consultant to Cisco and Checkpoint Systems, and launched a highly successful mobile and networking products business for TrellisWare Technologies. Prior to TrellisWare, Harris held various senior roles for organizations in the Ultra Wideband marketplace, and led advanced development and sales teams at Lockheed Martin and UUNet.

ImageWare Systems Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

ImageWare Systems Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. The company's total revenues were $919,000 against $2,496,000 a year ago. The decrease was due to the approximate $1.5 million received in the third quarter of 2013 for software licenses in connection with a U.S. Department of Veterans Affairs contract. Loss from operations was $2,122,000 against $178,000 a year ago. Loss from continuing operations before income taxes was $2,225,000 against income from continuing operations before income taxes of $342,000 a year ago. Loss from continuing operations was $2,228,000 against income from continuing operations of $339,000 a year ago. Net loss attributable to common shareholders was $2,241,000 or $0.02 per basic and diluted share against net income of $326,000 a year ago. For the nine months period, the company reported total revenue of $2,919,000 against $4,375,000 a year ago. Loss from operations was $5,979,000 against $3,454,000 a year ago. Loss from continuing operations before income taxes was $5,978,000 against $8,050,000 a year ago. Loss from continuing operations was $5,993,000 or $0.07 per share against $8,055,000 or $0.10 per share a year ago. Net loss attributable to common shareholders was $6,031,000 or $0.07 per basic and diluted share against $8,093,000 or $0.10 per basic and diluted share a year ago.


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