PALM BEACH GARDENS, Fla.- CrossMatch Technologies, Inc., a global provider of biometricentitysolutions, today announced that the Company has made an equityinvestment in AssureTec Systems, Inc., a world leader in thedevelopment of automaticentification authentication systems. Cross Match President and Chief Executive Officer, James W. Ziglarsaid, "Our investment in AssureTec aligns with our business strategyto support leading biometric technologies that provide the smartest,most reliable and cost effective management solutions for ourcustomers. Biometrics have a permanent role in securing our bordersand highly integrated document authentication software is essential tohelp combatentity fraud and forgery world-wide." AssureTec makes the world's most advanced authentication systemforentity documents such as passports, visas, driver's licenses,militarys, social security cards, and alien registration cards.AssuerTec's patented authentication software automaticallyentifiesover 1,600 credentials worldwide and then automatically appliesdocument inspection tests for the particular document type. AssureTechas eliminated the manual selection required by most otherauthentication solutions. Terms of the investment include Cross Match assuming a seat onAssureTec's Board of Directors. Additional financing terms andconditions have not been disclosed. About Cross Match Technologies Cross Match Technologies, Inc., headquartered in Palm BeachGardens, Florida, is a leading global provider of biometricentitymanagement systems, applications and enabling technologies togovernments, law enforcement agencies and businesses around the world.These solutions are used to capture and process the unique physicalcharacteristics of individuals to establish and verify theiridentities. Offerings include fingerprint, palm and full-handscanners, facial recognition systems, biometric software, irisscanning technology, document readers, and related services. CrossMatch's international operations are managed from its offices in Jena,Germany. For more information visit www.crossmatch.com. For more informaiton, contact: Pam Rembaum Cross Match Technologies, Inc. Phone: (561) 493-7383 Email: Pam.Rembaum@CrossMatch.com
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Cross Match Makes Strategic Investment in AssureTec Systems
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