ImageWare Systems, Inc. (OTCPK:IWSY) will seek acquisitions. Kristin Taylor Chair, President and Chief Executive Officer said during the Fourth Quarter and Full Year 2020 Financial Results and Corporate Update Conference Call, “As a separate housekeeping item, in February of this year, our Board of Directors and major shareholders approved 2 resolutions. The first resolution provides for an increase in our authorized common stock from 1 billion to 2 billion shares. This resolution is intended to provide us with additional flexibility in connection with future financing, strategic acquisitions, debt restructuring incentives and other general corporate purposes”.
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.