XceedID™ Corporation Enters Into Partnership with Cogent Systems for Biometric and Contactless RFID Solution

April 5, 2005 – Golden, Colorado - XceedID Corporation, a leading provider of contactless RFID security products, announced today that it has partnered with Cogent Systems (Nasdaq: COGT) to deliver a new fingerprint reader for smart card applications. Under the agreement, XceedID will incorporate its RFID technology into the Cogent SmartGate fingerprint reader. The new product, SmartGateX™, will feature secure 13.56 MHz contactless technology compliant with ISO 15693 and ISO 14443. SmartGateX, which will be available in May and marketed exclusively by XceedID Corporation to security industry OEM’s, provides users with enhanced biometric security for facility access. With the SmartGateX as part of a security system, fingerprint templates are enrolled into contactless smart cards and used with biometric readers for heightened security applications.

“We are excited to work together with Cogent - a true leader in biometrics - to rapidly implement and roll out reliable, secure physical access security solutions. The SmartGateX compliments XceedID’s new ISO-X™ line of secure contactless smart cards and readers. We look forward to communicating the advantages of XceedID’s innovative technology and products through our OEM partners,” stated John Menzel, President/CEO of Golden, Colorado based XceedID.

XceedID’s new SmartGateX product will feature one-to-one biometric template authentication. This means that a given person’s fingerprint template will be embedded in the ISOX contactless smart card’s secure memory and this person will be the only authorized user. When the card is presented to the reader, a finger is also placed on the reader’s fingerprint sensor. The fingerprint template is authenticated at the reader after the reader compares the live fingerprint with data from the card. If the two are authenticated the user is granted access.