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News breaking: 2006-11-15

( BW)(TX-IDENTEC-SOLUTIONS) IDENTEC SOLUTIONS Closes EUR10m Equity
Financing

    Business Editors

    DALLAS & LUSTENAU, Austria--(BUSINESS WIRE)--Nov. 15,
2006--IDENTEC SOLUTIONS, the worlds leading supplier of commercial
long range RFID (Radio Frequency Identification) products and
services, is pleased to announce that it has closed an equity
financing round of EUR10M. This round of financing was lead by SAM
Private Equity and also included Sustainable Performance Group, RFID
Invest, gcp gamma capital partners and a private investor in a first
closing held on November 3rd, 2006.

    This round of financing is part of the company's long term growth
plan and allows it to further expand the European and North American
markets, as well as launch additional products and solutions for the
long range wireless tracking and tracing markets.

    "We are pleased to have the continued support from the financial
community to support our rapid growth, and our goals for continued
market expansion", stated Gerhard Schedler, President & CEO. "IDENTEC
SOLUTIONS continues to be on the forefront of active RFID and high
value wireless tracking and tracing, and this round of financing
allows to significantly expand our solution set. This will result in
revenue diversification as well as increased penetration in our
existing customer base."

    Gina Domanig, who led the transaction for SAM Private Equity,
said: "We were thrilled by the advanced technological position of
IDENTEC SOLUTIONS and the opportunities the company faces in this
immensely large and growing market. We believe that RFID technology is
causing a paradigm shift in asset management across all industries
which will lead to asset optimization and reduced transportation costs
and a reduction in vehicle emissions."

    About IDENTEC SOLUTIONS

    Headquartered in Lustenau, Austria, with offices in the United
States and Canada, IDENTEC SOLUTIONS specializes in long range
wireless tracking and tracing solutions. More information:
http://www.identecsolutions.com

    About SAM Private Equity

    SAM Private Equity is a leading international venture capital firm
focusing on emerging technologies in the energy, materials and water
sectors. Founded in 2000, SAM Private Equity is a pioneer in the
development of this fast growing "Cleantech" investment sector. With
assets under management of around EUR 200 million, 33 portfolio
companies and offices in Zurich and Montreal, SAM Private Equity today
is one of the internationally leading venture capital investors in
this sector. More information: http://www.sam-group.com.

    --30--JG/lo*

    CONTACT: IDENTEC SOLUTIONS
             Europe:
             Gerhard Schedler, +43-5577-87387-0
             g.schedler@identecsolutions.at
             or
             North America:
             Peter Linke, +1-250-860-6567
             plinke@identecsolutions.com
             or
             SAM Private Equity:
             Gina Domanig, +41-44-397-10-70
             gina.domanig@sam-group.com