ImageWare Receives New Orders Worth $1.4 Million
Dec 23, 2009 (FinancialWire via COMTEX) --
Companies: ImageWare Systems, Inc. (IWSY), ImageWare Systems, Inc. (IWSYE)
(Comment on this article at http://www.financialwire.net/2009/12/23/imageware-receives-new-orders-worth-1-4-million/)
December 23, 2009 (FinancialWire) -- ImageWare Systems, Inc. (OTC: IWSY) has received two new orders totaling approximately $1.4 million.
The first is an order for $1.0 million for software and services under the previously announced border project. The company is expecting an additional order under the same project of approximately $240,000 in the next week.
The second order is for $437,000 for software and services for the U.S. Department of Veterans Affairs . The VA first purchased an ImageWare HSPD-12 compliant ID system in late 2007. This order will provide for continued support services and for additional licenses to accommodate the expansion of the system.
The company also disclosed that its auditors are currently fully engaged and working with the company to bring all of its filings current with a goal of completing that task in January of 2010.
ImageWare Systems, Inc. is a leading developer of identity management solutions, providing biometric, secure credential and law enforcement technologies.
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Companies: ImageWare Systems, Inc. (IWSY), ImageWare Systems, Inc. (IWSYE)
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