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Aware, Inc. Raises Revenue Guidance for Fiscal 2008
Aware's strategy includes selling and/or licensing portions of its patent portfolio in the ordinary course of its business. Over the past year, the Company has seen an increased interest in its patents relating to communications and signal processing technology. During the fourth quarter, Aware executed a contract involving the sale of selected communications patents with an undisclosed third party.
Aware will hold its fourth quarter and 2008 annual earnings release
conference call in early
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 revenue and earnings for 2008, future revenue and earnings, and
the growth of the DSL market 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. The estimates given
for 2008 revenue and profitability are preliminary and are subject to possible
year-end and audit adjustments. The DSL factors include, but are not limited
to: we have a unique business model, our quarterly results are difficult to
predict, our DSL licensing and DSL test and diagnostic businesses depend upon
a limited number of customers, we derive a significant amount of revenue from
a small number of customers, we depend on equipment companies to incorporate
our technology into their products, we face intense competition from other DSL
vendors, DSL technology competes with other technologies for broadband access,
our business could be harmed if our test and diagnostic hardware and software
products have quality problems, we depend on a single source contract
manufacturer for the manufacture of our DSL hardware products, our
manufacturing systems may not be adequate for our DSL test and diagnostics
hardware products, we depend on single source suppliers for components in our
DSL hardware products, and our business is subject to rapid technological
change. The biometric factors include, but are not limited to: market
acceptance of our biometric products, changes in contracting practices of
government or law enforcement agencies, announcements or introductions of new
products by our competitors, delays, failures or problems in our biometric
products, problems in our biometrics services business, delays in the adoption
of new industry biometric standards, and competitive pressures resulting in
lower software product revenues. 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
SOURCE
CONTACT:
Web site: http://www.aware.com/
(AWRE)