Pay By Touch Selects Cogent's Technology to Enhance Their Secure Biometric Payment System

SOUTH PASADENA, Calif.--(BUSINESS WIRE)--May 13, 2005--Cogent Systems (Nasdaq:COGT) and Pay By Touch, the leading consumer biometric payments company, today announced a joint development relationship focused on reducing the cost and simplifying the installation of biometric payment solutions.

Pay By Touch allows shoppers to safely and securely pay for purchases using a finger scan to access their financial accounts and loyalty programs. Once enrolled in the Pay By Touch service, consumers scan their finger and select a preferred payment method every time they pay. The one-time Pay By Touch enrollment is simple and takes just a couple of minutes. Shoppers can enroll online or in store.

“Moving forward, we expect there will be new opportunities to deploy Cogent's technology in point-of-sale applications to enhance consumer convenience and address card fraud and identity theft issues.”

"Cogent has a strong record of providing secure biometric solutions for critical government agencies," said John Rogers, founder, chairman and CEO of Pay By Touch. "With Cogent, as a trusted partner, we are ensuring state-of-the-art security and technology while simultaneously making it more cost effective for our growing list of customers to deploy Pay By Touch. Based on customer reaction to our jointly developed solution, we expect our initial order of $5 million to be the first of many over the next 12 months."

"We are very excited about partnering with Pay by Touch to help deliver convenient new payment methods to retailers," commented Ming Hsieh, President and Chief Executive Officer of Cogent. "Moving forward, we expect there will be new opportunities to deploy Cogent's technology in point-of-sale applications to enhance consumer convenience and address card fraud and identity theft issues."

About Pay By Touch

Pay By Touch is a biometric payment service free to consumers that allow shoppers to quickly and securely pay for purchases or cash checks using a finger scan linked to their personal identification information, financial accounts, and loyalty programs. The privately-held company offers retailers a complete payment solution, from front-end biometric authentication, age verification, and check cashing to back-end payment processing for ACH, debit card, and credit card transactions. Pay By Touch has more than two-dozen U.S. issued patents covering biometric transactions. For additional information, visit www.paybytouch.com.

About Cogent Systems

Cogent is a leading provider of Automated Fingerprint Identification Systems, or AFIS, and other fingerprint biometric solutions to governments, law enforcement agencies and other organizations worldwide. Cogent's AFIS solutions enable customers to capture fingerprint images electronically, encode fingerprints into searchable files and accurately compare a set of fingerprints to a database containing potentially millions of fingerprints in seconds.

Forward-Looking Statements

This press release contains, in addition to historical information, forward-looking statements. Such statements are based on management's current estimates and expectations and are subject to a number of uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Cogent is providing this information as of the date of this press release, and expressly disclaims any duty to update information contained in this press release.

Forward-looking statements in this press release include, without limitation, express and implied statements regarding anticipated new customer orders for the Pay By Touch and related Cogent products as well as development of the market for commercial applications of Cogent's technology. These forward-looking statements involve risks and uncertainties which could cause actual results to differ materially from those expressed or implied here. Readers are referred to Cogent's Report on Form 10-K for the year ended December 31, 2004 filed by Cogent with the Securities and Exchange Commission which identifies important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including but not limited to: failure of the biometrics market to experience significant growth; failure of Cogent's products to achieve broad acceptance; failure to successfully compete; failure to comply with government regulations; negative publicity and/or loss of clients due to security breaches resulting in the disclosure of confidential information; loss of export licenses or changes in export laws; rapid technology change in the biometrics market; loss of a key member of management team; termination of backlog orders; loss of limited source suppliers; failure to protect intellectual property; and exposure to intellectual property and product liability claims. The information contained in this press release is a statement of Cogent's present intention, belief or expectation and is based upon, among other things, existing industry conditions, market conditions, the economy in general and Cogent's assumptions. Cogent may change its intention, belief or expectation, at any time and without notice, based upon any changes in such factors, in its assumptions or otherwise. Cogent undertakes no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.