Attached files
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| EX-10.1 - LETTER AGREEMENT - IMAGEWARE SYSTEMS INC | ex10-1.htm |
| 8-K - CURRENT REPORT - IMAGEWARE SYSTEMS INC | iwsy8k_jan2021.htm |
Exhibit 99.1
ImageWare® Appoints Chief Financial Officer
San Diego (January 8, 2021) – ImageWare®
Systems, Inc. (OTCQB:
IWSY), a leader in biometric
identification and authentication, is pleased to announce the
appointment of Jay B. Lewis as Chief Financial Officer (CFO)
effective today.
Lewis brings to ImageWare more than 20 years’ experience as
the senior financial officer of high growth public companies. A
seasoned financial executive, he has raised more than $300 million
of capital in public and private equity and debt, and has executed
more than $400 million of M&A transactions.
From 2011 - 2017 Lewis served as the CFO of ID Watchdog, Inc. - a
publicly traded subscription-based identity theft protection and
resolution services provider – until its 2017 sale to
Equifax. The breadth of his responsibilities ranged from management
of all finance, accounting, public company reporting, investor
relations, tax matters, and human resources.
Prior to Watchdog, Lewis served in various senior finance roles,
including as CFO of Jones Media Networks, Ltd. (owner of cable
television networks and the fourth largest network radio company in
the U.S.) and he was Vice President of Finance and Treasurer of
Jones International, Ltd. (a holding company with controlling
interests in cable television and other media and technology
companies).
Lewis is a CPA, an alumnus of EY (formerly Ernst & Young, a
big-4 public accounting firm) and holds a Bachelor's degree in
Accounting from the University of Wyoming. Lewis will be based at
the San Diego Headquarters by the middle of 2021.
Kristin A. Taylor, Chair, President and CEO of
ImageWare, said, “We are
extremely pleased to welcome Jay to the ImageWare team. Not only
does Jay have the ideal finance and capital markets experience to
guide us through our growth trajectory and contemplated up listing
to Nasdaq, the depth of his technology and identity experience as
well as contacts in the industry, make him well suited to support
our velocity and execution plans in
2021.”
Lewis said, “I’m thrilled to be a part of
ImageWare’s journey to leverage the latest biometric
authentication technology and safeguard identities. The
Company’s vision, proven leadership team and product
strategies were just a few of the components that led me to know
that I want to commit my skills and energies, and to be part of the
team driving ImageWare’s growth and
success.”
About ImageWare® Systems,
Inc.
Founded in 1987, ImageWare provides defense-grade biometric
identification and authentication for access to your data,
products, services or facilities. We are experts in biometric
authentication and considered a preeminent patent holder of
multimodal IP, having many of the most-cited patents in the
industry. Our patented IWS Biometric
Engine® (BE) is the most
accurate and fastest biometrics matching engine in the industry,
capable of our patented fusion of multiple biometrics. Part of
our heritage is in law enforcement having built the first statewide
digital booking platform for United States local law enforcement -
and more than three decades of experience in the challenging
government sector creating biometric smart cards and logical access
for millions of individuals. We are a "biometrics first"
company, leveraging unique human characteristics to
provide unparalleled accuracy for identification
while protecting your identity. Please
visit www.iwsinc.com.
Continued
Forward-Looking Statements
Any statements contained in this document that are not historical
facts are forward-looking statements as defined in the U.S. Private
Securities Litigation Reform Act of 1995. Words such as
“anticipate,” “believe,”
“estimate,” “expect,”
“forecast,” “intend,” “may,”
“plan,” “project,” “predict,”
“if,” “should” and “will” and
similar expressions as they relate to ImageWare Systems, Inc. are
intended to identify such forward-looking statements. ImageWare may
from time to time update publicly announced projections, but it is
not obligated to do so. Any projections of future results of
operations should not be construed in any manner as a guarantee
that such results will in fact occur. These projections are subject
to change and could differ materially from final reported results.
For a discussion of such risks and uncertainties, see “Risk
Factors” in ImageWare’s Annual Report on Form 10-K for
the fiscal year ended December 31, 2019 and its other reports filed
with the Securities and Exchange Commission under the Securities
Exchange Act of 1934, as amended. Readers are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the dates on which they are made.
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Media Contact:
Jessica Belair
ImageWare Systems, Inc.
(310) 717-0877
jbelair@iwsinc.com
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Investor Relations:
Terri MacInnis, VP of IR
Bibicoff + MacInnis, Inc.
(818) 379-8500 x2
terri@bibimac.com
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