Nantahala Capital Engages in Discussions with ImageWare Systems
October 07, 2021 at 04:03 pm
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On October 7, 2021, Nantahala Capital Management, LLC announced that it has engaged in discussions with ImageWare Systems, Inc.’s management and board regarding means to preserve and enhance shareholder value. Nantahala Capital stated that at the request of the Company, it expects to contribute to further discussions with the Company’s management and board and their advisers, either singly or together with other shareholders and interested parties, regarding the Company’s business, governance, financial condition, operations, prospects, expected results, and strategic alternatives.
ImageWare Systems, Inc. provides biometrically enabled software-based identity management solutions. The Company develops software that provides indication of a person's identity. Its product include Imageware Biometric Engine is a patented biometric identity and authentication database built for multi-biometric enrollment, management and authentication. The Companyâs products are used to manage and issue secure credentials, including national identifications (IDs), passports, driver licenses and access control credentials. The Companyâs products also provide law enforcement with integrated mug shot, fingerprint LiveScan and investigative capabilities. The Company also provides comprehensive authentication security software using biometrics to secure physical and logical access to facilities or computer networks or Internet sites. Its products also include Imageware Proof, Imageware Capture, Imageware Identify, Imageware Credential, Imageware Digital ID and Imageware Authenticate.