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Aware, Inc. Announces Board Changes
Michael Tzannes, Aware's Chief Executive Officer, said, "We are thankful to John for his leadership over many years as Aware's Chairman and look forward to his continued service on the Board."
About Aware
Aware is a leading technology and software supplier for the
telecommunications and biometrics industries. For more than ten years, Aware
has pioneered innovations at telecommunications standards-setting
organizations and continues to develop and market DSL silicon intellectual
property and test and diagnostics products. Its StratiPHY IP product line
supports DSL standards, including ADSL2+ and VDSL2, and has been broadly
licensed to leading semiconductor companies. Telecom equipment vendors and
phone companies use Aware's DSL test and diagnostics modules and Dr. DSL®
software to help provision DSL circuits globally. Aware is also a veteran of
the biometrics industry, providing biometric and imaging software components
used in government systems worldwide since 1992. Aware's interoperable,
standard-compliant, field-proven imaging products are used in a number of
applications, from border management to criminal justice to medical imaging.
Aware is a publicly held company (Nasdaq: AWRE) based in
Safe Harbor Warning
Portions of this release contain forward-looking statements regarding
future events and are subject to risks and uncertainties, such as estimates or
projections of future revenue and earnings and the growth of the DSL and
biometrics markets. Aware wishes to caution you that there are factors that
could cause actual results to differ materially from the results indicated by
such statements. General factors include, but are not limited to: our
quarterly results are unpredictable and may fluctuate significantly; our
business is subject to rapid technological change; we face intense competition
from a wide range of competitors; current economic conditions, including the
credit crisis affecting the financial markets; our intellectual property is
subject to limited protection; our ability to obtain or enforce patents could
be affected by new laws, regulations or rules; and our business may be
affected by government regulations. DSL factors include, but are not limited
to: our DSL licensing and DSL test and diagnostic businesses depend upon a
limited number of customers; there has been and may continue to be a cyclical
demand for DSL chipsets; the success of our DSL licensing and test and
diagnostics products businesses requires telephone companies to install DSL
service in volume; our test and diagnostic hardware and software products
could have quality problems; we depend on a single source contract
manufacturer for the manufacture of our DSL hardware products; and we are
dependent on single source suppliers for components in our DSL hardware
products. Biometric factors include, but are not limited to: market
acceptance of our biometric technologies and products; changes in contracting
practices of government or law enforcement agencies; the failure of the
biometrics market to experience continued growth; announcements or
introductions of new technologies or products by our competitors; failures or
problems in our biometric software products; delays in the adoption of new
industry biometric standards; growth of proprietary biometric systems which do
not conform to industry standards; our ability to sell services contracts in a
manner that is consistent with our business model; our ability to deliver
service contract milestones; and our dependence on third party contractors and
consultants to deliver certain services contract milestones. We refer you to
the documents Aware files from time to time with the
Aware, StratiPHY, and Dr. DSL are trademarks or registered trademarks of