Imageware Systems INC: insider trades · United States · SEC (Form 4)

About Imageware Systems INC

ImageWare Systems, Inc. (ticker: IWSY) is a U.S. technology company focused on biometric identity and authentication software. The company is based in San Diego, California, in the United States, and is incorporated in Delaware. Based on the sources reviewed, its shares are quoted on the OTCQB marketplace rather than on the NYSE or NASDAQ. For French-speaking investors evaluating the name, this places ImageWare in the small-cap, niche-software category, with a business model that is highly dependent on commercial execution and contract timing. ([sec.gov](https://www.sec.gov/Archives/edgar/data/941685/000165495420007527/iwsy_424b.htm?utm_source=openai)) ImageWare’s core business is to identify, verify, and authenticate individuals using biometric characteristics rather than passwords, badges, or codes. Its flagship offering is the Imageware Identity Platform, built around three main functional areas: Enroll & Identify, Badge & Credential, and Authenticate. The platform is layered on top of the patented Biometric Engine, a proprietary multimodal, vendor-agnostic biometric database and matching engine. The company also describes solutions for law enforcement, federal agencies, state and local government customers, and enterprise use cases such as secure access control and credential issuance. In practical terms, the product set is aimed at digital identity, biometric enrollment, matching, and authentication workflows. ([sec.gov](https://www.sec.gov/Archives/edgar/data/941685/000143774922008996/iwsy20211231_10k.htm?utm_source=openai)) From a historical perspective, ImageWare dates back to February 1987 and has positioned itself as an early pioneer in software-based biometric identity management. The company states that it holds dozens of patents and emphasizes its long experience in multimodal biometrics. That history gives it technical credibility in a specialized segment, but its competitive position is still that of a focused niche provider rather than a scaled industry leader. It competes indirectly with larger cybersecurity, identity management, and biometric vendors that typically have broader customer bases, deeper balance sheets, and greater go-to-market resources. ImageWare’s differentiator is its modular architecture, software-centric design, and experience serving regulated customers, especially public-sector buyers. ([sec.gov](https://www.sec.gov/Archives/edgar/data/941685/000143774922008996/iwsy20211231_10k.htm?utm_source=openai)) Geographically, the business is primarily centered in the United States, with its principal office in California and a historical emphasis on U.S. government and institutional customers. The SEC filings also indicate an ongoing focus on enterprise and consumer applications and on expanding SaaS capabilities for existing products. Recent material visible in SEC filings is more strategic than transformative: management continues to highlight product development, intellectual property expansion, and SaaS enablement. At the same time, the filings underscore a long-standing risk profile, including operating losses since inception and dependence on a relatively small number of large system sales. For investors, IWSY should therefore be viewed as a speculative technology microcap with optionality around biometric identity software, but without the consistency typically associated with mature listed software peers. ([sec.gov](https://www.sec.gov/Archives/edgar/data/941685/000143774922008996/iwsy20211231_10k.htm?utm_source=openai))