SAN DIEGO, CA--(Marketwired - Mar 13, 2015) - Agility (
Under the terms of the agreement, the companies will create a new joint venture company, operated and managed by Agility. Agility, which is based in Kuwait, will operate the partnership, its sales, and its marketing efforts in the region. ImageWare will provide its proven biometric technology under a software sales agreement for the licensed territory. ImageWare will receive a Technology Transfer Fee from the joint venture company. ImageWare's products, such as CloudID® and GoVerifyID®, will be sold and distributed by the joint venture company to Agility partners in the region and in other parts of the world. The companies anticipate that the joint venture will be operational in the second quarter of 2015.
As its first priority, the joint venture will target airport and customs brokerage venues where Agility is under contract to provide services, as well as other commercial opportunities in the region.
"Biometrics can play an integral role in providing additional security to supply chain management," said Jim Miller, ImageWare's chairman and CEO. "ImageWare is both proud and excited to be a partner with one of the world's largest and most successful supply chain and logistics company. Agility's global relationships and their world class expertise in air, ocean, and road freight, supply chain systems, and warehousing will bring ImageWare's products and technologies to new and large markets."
Agility brings efficiency to supply chains in some of the globe's most challenging environments, offering unmatched personal service, a global footprint, and customized capabilities in developed and developing economies alike. Agility is one of the world's leading providers of integrated logistics. It is a publicly traded company with more than $4.8 billion in revenue and more than 20,000 employees in over 500 offices across 100 countries. Agility's core commercial business, Global Integrated Logistics (GIL), provides supply chain solutions to meet traditional and complex customer needs. GIL offers air, ocean and road freight forwarding, warehousing, distribution, and specialized services in project logistics, fairs and events, and chemicals. Agility's infrastructure group of companies manages industrial real estate and offers logistics-related services, including e-government customs optimization and consulting, waste management and recycling, aviation and ground-handling services, support to governments and ministries of defense, remote infrastructure and life support.
About ImageWare Systems, Inc.
ImageWare Systems, Inc. (
ImageWare is headquartered in San Diego, CA, with offices in Portland, OR, Washington, D.C., Ottawa, Ontario, and Mexico. For more information about ImageWare Systems, Inc., please visit www.iwsinc.com.