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For Immediate Release
10th May 2005

OmniPerception secures major V C funding to fuel explosive growth

World-beating British company brings together international investment consortium to secure its future at the forefront of Computer Vision and Intelligent Personal ID

Guildford, UK, May 10th 2005 - OmniPerception Limited, the leading British computer vision and biometrics company, today announced a joint investment from Glasgow-based Pentech Ventures and Paris-based Iris Capital. OmniPerception, acknowledged for its world-leading accuracy in automatic facial verification, will use the funds raised to increase sales of existing products and to further invest in the product development of its growing range of Intelligent Video solutions.

Based on unique technology first developed at the University of Surrey, OmniPerception’s products are already making a stir in rapidly expanding market areas. These include “OmniPerception Affinity Face Recognition”™ software that provides automatic ID solutions in areas such as Passports, ID cards, secure access control and the prevention of identity theft; and also the company’s “Magellan”™ automatic logo and brand monitoring system used to assess the impact of the millions of pounds spent on sports marketing every year.

Making good use of the new investment funding; and working in close collaboration with companies such as Sharp Electronics, the Battelle Memorial Institute, Aurora Computer Services, Steria, Precise Biometrics, UniSys and others; OmniPerception will exploit its technology across an increasingly wide product range, to meet growing market demand worldwide. Current projects include Secure Access Control, Civil Identification, Real-time Image Analysis and Surveillance - for both government and commercial applications.

These areas have a total market size estimated at € 1.25 billion in 2005 and predicted to grow rapidly in the years ahead.
In announcing the investment, David McIntosh, OmniPerception CEO, said today
“The strength and international scope of the two investors underline the global importance of the work that OmniPerception is doing. I am very grateful to First Capital Corporation, our corporate finance advisors, for bringing OmniPerception, Pentech and Iris together”

Sandy McKinnon, Director, Pentech Ventures, said
“OmniPerception met our principal investment criteria of having strategically important Intellectual Property aimed at a very large market opportunity. The technology team is first rate and we were also attracted by the quality of the executive management who have achieved so much to date.”

Alexander Wiedmer, Partner of Iris Capital commented that
"OmniPerception has great upside potential; we were particularly impressed by the breadth of applications the company can reach with its valuable technology portfolio."

Mr Wiedmer and Mr McKinnon join David McIntosh and his colleagues on the Board team at OmniPerception, which includes United States Marine Corps General Charles E. Wilhelm whose appointment was also announced today. (Note: Details in separate Press Release.)

Welcoming his new colleagues, David McIntosh commented that
“Working with unique new technology in a field as important as security, and seeking rapid expansion, we needed exceptionally accomplished investors with whom to share the journey. In Iris and Pentech, we have found exactly what we were looking for. With their investment and their input to the Board, together with the founding team and General Wilhelm’s contribution, we now have the international team to take OmniPerception from strength to strength.”

Notes for Editors

About OmniPerception
OmniPerception Limited is an innovative Computer Vision technology company founded in 2001 by leading research engineers from the University of Surrey’s Centre for Vision, Speech and Signal Processing, a world centre of excellence in this field. OmniPerception develops solutions for security markets based on its patent pending Facial Biometrics technology. OmniPerception works with systems integrators and solutions providers around the globe in particular to enhance Homeland and Corporate security. The company’s proprietary biometric technology is widely recognized as taking automatic face recognition to higher levels. OmniPerception’s intellectual property portfolio and in-depth expertise drives a growing range of products in global markets, particularly in the field of machine readable travel documents and integrated access control and surveillance solutions.
Further information can be found at www.omniperception.com

About Pentech Ventures
Pentech Ventures are a specialist UK early-stage software investment fund. Pentech invests in "best of breed" software companies that can demonstrate strong technical leadership with products addressing global markets. Investing in UK and Ireland, Pentech was formed in July 2001 and has made 9 investments to date.
Pentech Ventures is part of Penta Capital Partners and is regulated under the FSA.
Further information can be found at www.pentechvc.com .

About Iris Capital
Iris Capital is a pan-European venture capital company specialising in media, communications and information technology. Since its inception in the mid-eighties, the Paris-based Iris Capital team has managed investments in more than 180 companies located in 17 different countries, and has generated more than 130 full exits, achieving consistently superior returns. Iris Capital targets opportunities in high-growth technology or services companies across various investment stages, and provides active support to its portfolio companies.
Further information can be found at www.iriscapital.com .

About FirstCapital Corporation
FirstCapital is a corporate finance advisory firm based in London, specializing in venture capital fund raising and mergers and acquisitions support and advice to high growth technology companies. FirstCapital Corporation is regulated under the FSA.
For further information please contact: Paul Fisher, FirstCapital on 020 8563 1563 or Paul@firstcap.co.uk

The Investment
The two investors syndicated together in a multi-million euro investment in consideration for equity in OmniPerception. Further details of the investment round were not disclosed.


Company Contact
Martyn Gates, Marketing Director
OmniPerception Ltd
Tel: +44 (0)1483 688 350
Email: gates@omniperception.com

Press Contact
Ben Crispin / Chaz Brooks
Chazbrooks Communications Ltd
Tel: +44 (0)1483 537 890
Email:benc@chazb.com/chazb@chazb.com

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