Digital Signal Corp. Completes Venture Financing

Jan 06, 2012 (12:01 PM EST)

Previous Investors All Participate in the Round

CHANTILLY, Va., Jan. 6, 2012 /PRNewswire-USNewswire/ -- Digital Signal Corp. (DSC), the global leader in dynamic three-dimensional, long-range facial recognition solutions, closed a $10.3 million round of financing on December 19 with a group of existing investors who participated in a $15 million round in April 2011. The proceeds will be used for general corporate purposes including investments in manufacturing, building infrastructure, and expansion of the sales and marketing effort.

"Because of the breakthrough range, precision, and accuracy of our technology we can prevent racial and ethnic profiling, eliminate obtrusive physical safety measures, enable positive identification of shoplifters and provide early warning of terrorists and criminals," said DSC CEO David Guttadauro.

"In an increasingly uncertain world, leaders in the security industry are constantly seeking the most effective state-of-the-art systems to improve the safety and security of their customers and constituents. Our technology gives clients real time ability to accurately identify known terrorists or pinpoint repeat shoplifters," added Guttadauro. DSC offers enterprise-scale as well as custom solutions and its customers include global organizations in government and commercial markets.

ABOUT DIGITAL SIGNAL: Digital Signal Corporation (DSC) is the world leader in dynamic three-dimensional (3D) long-range facial recognition solutions. It offers comprehensive biometric enterprise-scale solutions and customized applications for government and commercial clients globally.

SOURCE Digital Signal Corporation