Software extracts data from digital photos and videos.

Press Release Summary:



Using pattern recognition technology, ImageNet Photo and Video instantly reads, extracts, and analyzes data from any captured object in digital photo and video images. Application suits organizations that need to improve business processes by extracting data from various media sources, including images taken from camera phones and security cameras or uploaded Web content. Technology, while optimized for color and ambient lighting conditions, also compensates for low-contrast images.



Original Press Release:



Mitek Systems Launches ImageNet Photo and Video to Extract Data From Digital Media



APS Technology Group Partners with Mitek Systems to Deploy Integrated Application in Ports Worldwide

SAN DIEGO, March 3 -- Mitek Systems, Inc. (BULLETIN BOARD: MITK) (http://www.miteksystems.com/), an innovator of image analytics and pattern recognition software, today announced ImageNet Photo and Video, pattern recognition technology that instantly reads, extracts and analyzes data from digital photos and video images.

ImageNet Photo and Video is an essential tool for organizations that need to improve business processes by extracting data from a variety of media sources, including images taken from camera phones and security cameras, or from uploaded Web content. Mitek System's highly accurate technology will read, extract and analyze data from any captured object such as license plates, street signs or billboards. The technology is optimized for color and ambient lighting conditions, and compensates for low contrast images.

APS Technology Group, a leading supplier of vision-based optical character recognition (OCR) and automation systems for marine and intermodal container terminals, recently partnered with Mitek Systems to integrate ImageNet Photo and Video into its Container OCR(TM) system. Container OCR utilizes ImageNet Photo and Video for its image analysis, cleanup and recognition capabilities to locate and read multi-line alphanumeric codes on shipping containers and truck chassis.

"APS Technology Group selected Mitek Systems as a partner to utilize ImageNet Photo and Video's superior capabilities to instantly capture data more accurately and faster than other solutions," said Russ Scheppmann, president, APS Technology Group. "Together with Mitek Systems, Container OCR will handle increased container volumes more efficiently, while simultaneously reducing operating costs and improving productivity."

ImageNet Photo and Video is the second application extending Mitek System's recognition technology to analyze digital media. Mitek Systems recently launched ImageNet Mobile Deposit, the first mobile banking software that allow banks to accept check deposits and bill payments via images taken from camera-equipped mobile phones.

ImageNet Photo and Video is the latest addition to Mitek System's integrated .NET recognition platform launched last year that includes ImageNet Prep and ID, Data Capture, Signature and Check 21 Payments. "We have extended ImageNet recognition capabilities beyond extracting data from documents and checks to include digital photos and videos, the highest growth segment in the market," said James DeBello, president and CEO, Mitek Systems. "Mitek Systems will continue to produce innovations leading the mobile imaging and photo recognition markets."

Mitek Systems will showcase its suite of ImageNet products, including Photo and Video and Mobile Deposit, in booth 2951 at the AIIM International Exposition and Conference, March 3-6, 2008 at the Boston Convention & Exhibition Center, Boston, MA. For more information visit www.miteksystems.com/.

About Mitek Systems, Inc.

Mitek Systems (OTCBB: MITK; www.miteksystems.com) is an innovator of image analytics and pattern recognition technologies used by financial institutions, life science companies, and government agencies. The company develops and markets the most comprehensive suite of intelligent recognition software used to test, clean, read and authenticate imaged documents and objects, and its software is used to process more than nine billion transactions per year. For more information about Mitek Systems, contact the company at 858-503-7810 or visit www.miteksystems.com/

Contact: Jason Magner/Amanda Bartz,
For Mitek Systems
310-854-8128/ 8151
jmagner@rogersandcowan.com/abartz@rogersandcowan.com

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