Viisage Completes Acquisition of Leading Iris Recognition Company SecuriMetrics

SecuriMetrics is expected to add approximately $15 million inrevenue in 2006 and $3 million in EBITDA to Viisage.

Viisage paid $28 million in cash for SecuriMetrics, net of the $2million in cash on the acquired company's balance sheet. SecuriMetricsshareholders have the opportunity to earn up to an additional $13million in consideration if key performance thresholds andcontingencies are reached, of which $11.5 million would be paid inshares of Viisage common stock at a fixed price of $17.69 per share.The cash portion of the purchase price is being funded from theinitial $100 million investment that L-1 Investment Partners made inViisage in 2005.

"Viisage momentum continues as we add an additional importantmodality to our identity solution portfolio with SecuriMetrics irisrecognition capabilities," said Robert V. LaPenta, chairman of theboard of Viisage. "This complementary technology better positions bothcompanies to vie for an even greater share of the biometrics market,particularly among military applications, civil and consumeridentification programs."

With the addition of iris recognition, Viisage now offers multipleand multi-modal biometric capabilities that include finger, face andiris. Customer synergies between the two Companies offer theopportunity to develop an even deeper penetration within state, local,federal and international government agencies, particularly thosefocused on national security and homeland defense. Together with thecompletion of the pending Identix merger, Viisage will become the onlyU.S.-based manufacturer of a full range of handheld and multi-modalbiometric recognition solutions encompassing iris, finger and face.

Greg Peterson, founder and CEO of SecuriMetrics, Inc. said, "Ourcompanies share a common vision of providing the most advanced, rapidand highly scalable methods for securing and protecting personalidentities and assets and I am confident that together we will achieveour vision."

SecuriMetrics business operations will remain in its currentlocation in Martinez, California.

EBITDA

Viisage uses EBITDA as a non-GAAP financial performancemeasurement. EBITDA is calculated by adding back to net income (loss)interest, taxes, depreciation and amortization. EBITDA is provided toinvestors to complement results provided in accordance with GAAP, asmanagement believes the measures help illustrate underlying operatingtrends in the Company's business and uses the measures to establishinternal budgets and goals, manage the business, and evaluateperformance. EBITDA should not be considered in isolation or as asubstitute for comparable measures calculated and presented inaccordance with GAAP. Viisage has not provided a quantitativereconciliation of EBITDA with projected net income (loss) because suchreconciliation cannot be provided without unreasonable efforts.

About Viisage Technology, Inc.

Viisage (NASDAQ: VISG) delivers advanced technology identitysolutions for governments, law enforcement agencies and businessesconcerned with enhancing security, reducing identity theft, andprotecting personal privacy. Viisage solutions include securecredentials such as passports and drivers' licenses, biometrictechnologies for uniquely linking individuals to those credentials,and credential authentication technologies to ensure the documents arevalid before individuals are allowed to cross borders, gain access tofinances, or granted other privileges. With over 3,000 installationsworldwide, Viisage's identity solutions stand out as a result of theCompany's industry-leading technology and unique understanding ofcustomer needs. Viisage's product suite includes FaceTOOLS(R) SDK,Viisage PROOF(TM), FaceEXPLORER(R), iA-thenticate(R), BorderGuard(R),FacePASS(TM) and FaceFINDER(R).

This news release contains forward-looking statements that involverisks and uncertainties. Forward-looking statements in this documentand those made from time to time by Viisage through its seniormanagement are made pursuant to the safe harbor provisions of thePrivate Securities Litigation Reform Act of 1995. Theseforward-looking statements reflect the Company's current views withrespect to the future events or financial performance discussed inthis release, based on management's beliefs and assumptions andinformation currently available. When used, the words "believe","anticipate", "estimate", "project", "should", "expect", "plan","assume" and similar expressions that do not relate solely tohistorical matters identify forward-looking statements.Forward-looking statements concerning future plans or results arenecessarily only estimates and actual results could differ materiallyfrom expectations. Certain factors that could cause or contribute tosuch differences include, among other things, in particular, the sizeand timing of contract awards, performance on contracts, performanceof acquired companies, availability and cost of key components,unanticipated results from audits of the financial results of theCompany and acquired companies, changing interpretations of generallyaccepted accounting principles, outcomes of government reviews,developments with respect to litigation to which we are a party,potential fluctuations in quarterly results, dependence on largecontracts and a limited number of customers, lengthy sales andimplementation cycles, market acceptance of new or enhanced productsand services, proprietary technology and changing competitiveconditions, system performance, management of growth, dependence onkey personnel, ability to obtain project financing, general economicand political conditions and other factors affecting spending bycustomers, and the unpredictable nature of working with governmentagencies. In addition, such risks and uncertainties include, amongothers, the following risks: that the merger with Identix will notclose, that the regulatory or shareholder approval will not beobtained, that the closing will be delayed, that customers andpartners will not react favorably to the merger, integration risks,the risk that the combined companies may be unable to achievecost-cutting synergies, and other risks described in Viisage's andIdentix' Securities and Exchange Commission filings, including theRegistration Statement on Form S-4 to be filed with the SEC inconnection with the transaction, Viisage's Annual Report on Form 10-Kfor the year ended December 31, 2004 and its Quarterly Reports on Form10-Q for the quarters ended April 3, 2005, July 3, 2005 and October 2,2005 under the captions "Risk Factors" and "Management's Discussionand Analysis of Financial Condition and Results of Operations," andIdentix' Annual Report on Form 10-K for the year ended June 30, 2005and its Quarterly Report on Form 10-Q for the quarter ended September30, 2005 under the captions "Risk Factors" and "Management'sDiscussion and Analysis of Financial Condition and Results ofOperations." Viisage and Identix expressly disclaim any obligation toupdate any forward-looking statements.

Additional Information and Where to Find It

Investors and security holders of both Viisage and Identix areadvised to read the joint proxy statement/prospectus regarding thebusiness combination transaction referred to in the material below,when it becomes available, because it will contain importantinformation. Viisage and Identix expect to mail a joint proxystatement/prospectus about the transaction to their respectivestockholders. This joint proxy statement/prospectus will be filed withthe Securities and Exchange Commission by both companies. Investorsand security holders may obtain a free copy of the joint proxystatement/prospectus and other documents filed by the companies at theSecurities and Exchange Commission's web site at http://www.sec.gov.The joint proxy statement/prospectus and such other documents may alsobe obtained from Viisage or Identix by directing such requests to thecompanies.

Participants In Solicitation

Viisage, Identix and their respective directors and executiveofficers and other members of management and employees may be deemedto be participants in the solicitation of proxies in respect of themerger. Information concerning Viisage's participants is set forth inthe proxy statement dated, November 21, 2005, for Viisage's specialmeeting of shareholders held on December 16, 2005 as filed with theSEC on Schedule 14A. Information concerning Identix' participants isset forth in the proxy statement, dated October 6, 2005, for Identix'2005 annual meeting of shareholders as filed with the SEC on Schedule14A. Additional information regarding the interests of participants ofViisage and Identix in the solicitation of proxies in respect of themerger will be included in the registration statement and joint proxystatement/prospectus filed with the SEC.