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Press release content from PR Newswire. The AP news staff was not involved in its creation.

Imageware Secures $2.5 Million Bridge Financing as it Continues to Review Strategic Options

January 4, 2022 GMT
(PRNewsfoto/Imageware Systems, Inc.)
(PRNewsfoto/Imageware Systems, Inc.)
(PRNewsfoto/Imageware Systems, Inc.)

SAN DIEGO, Jan. 4, 2022 /PRNewswire/ -- Imageware® ( OTCQB: IWSY ) (“Imageware” or “the Company”), a leader in biometric identification and authentication solutions, today announced that it has entered into a bridge facility agreement (the “Agreement”) with its largest shareholder. This new facility provides for an aggegate of $2.5 million of potential capital that will allow Imageware and its stakeholders to continue to evaluate and pursue a strategic path that will best position the Company for the future.

Commenting on the financing agreement, Kristin Taylor, Chair and CEO said, “This agreement is a positive step forward for our business as it provides additional funding in the short-term to ensure that we can reach the best long-term solution for our business. I am confident the steps we are taking now will position us well for years to come.”

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About Imageware®
Imageware identifies, verifies, and authenticates who people are, not just what keys and codes they have. Our Cloud-based, multimodal biometric solutions provide faster, accurate identification to better secure communities, data, and assets. Imageware solutions are trusted globally by government agencies, law enforcement, and private enterprises. Imageware: Identity with Biometric Certainty. For more information, please visit www.imageware.io.

Media Contact:
Theresa Hernandez
Imageware
thernandez@imageware.io

Investor Relations:
Brian M. Prenoveau, CFA
MZ North America
+1-561-489-5315
brian.prenoveau@mzgroup.us

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SOURCE Imageware Systems, Inc.