ImageWare Announces Settlement of Patent Litigation With WCC and CITI
(Marketwire Via Acquire Media NewsEdge) SAN DIEGO, CA -- (Marketwired) -- 01/27/14 --
ImageWare Systems, Inc. (OTCQB: IWSY) (ImageWare), a leader in mobile and cloud-based, multi-modal biometric identity management solutions, has settled its pending patent litigation with WCC Services US, Inc. (WCC) and Creative Information Technology, Inc. (CITI). Under the confidential terms of the settlement, WCC and CITI have obtained a royalty bearing license to IWSY's patents at issue in the suit, which cover multi-modal biometric platforms and fusion of biometric modalities.
"We are pleased to reach an agreement that brings the pending litigation with WCC and CITI to a close," said Jim Miller, chairman and CEO of ImageWare Systems. "We believe this settlement underscores the value of Imageware's patent portfolio and leadership in the field of multi- modal biometrics."
About ImageWare Systems, Inc.ImageWare Systems, Inc. (OTCQB: IWSY) 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 biometric product line includes a multi-biometric engine that is hardware and algorithm independent, enabling the enrollment and management of unlimited population sizes. ImageWare's identification products are used to manage and issue secure credentials, including national IDs, passports, driver's licenses, smart cards and access control credentials. ImageWare's digital booking products provide law enforcement with integrated mug shot, fingerprint livescan and investigative capabilities. ImageWare is headquartered in San Diego, CA, with offices in Portland, OR, Washington, D.C., and Ottawa, Ontario. For more information on ImageWare Systems, Inc., please visit www.iwsinc.com.
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ImageWare Investor Relations Contact
Liolios Group, Inc.
Cody Slach or Greg Falesnik
Source: ImageWare Systems, Inc.
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