New Deployment Highlights Growing Demand for Intellicheck’s Real-Time Identity Verification Technology Across High-Value Financial Services Markets

Intellicheck, Inc. (Nasdaq: IDN) (“Intellicheck” or the “Company”), an industry-leading identity verification company delivering proprietary, on-demand digital and physical identity validation solutions, today announced that a recently signed channel partner has secured a major deployment with one of the world’s largest investment management companies.

“We continue to see strong momentum from our partnership strategy as a growing number of high-value sectors recognize the need for stronger, real-time identity verification. This deployment with one of the world’s leading investment management companies demonstrates both the strength of our channel partnership program and the growing demand for solutions capable of stopping increasingly sophisticated fraud attempts without adding friction to the customer experience. Deployments like this one reflect our broader strategy of expanding into additional verticals, allowing us to capture a greater share of our addressable market while building a more diversified foundation for the business,” said Intellicheck CEO Bryan Lewis.

Under the deployment, Intellicheck’s advanced identity verification technology protects the investment management firm against identity-based fraud. At the same time, the technology helps the investment management company accelerate customer acquisition and protection, while enhancing customer trust, giving good customers a rapid, frictionless onboarding experience.

Scaling Through Channel Partnerships

The Company continues to expand its channel partnership initiatives as demand grows for scalable fraud prevention technologies that can be rapidly deployed across enterprise environments. Under the channel partner model, partners incorporate the Company’s identity-verification technology into their offerings and deploy it with their enterprise clients.

Intellicheck’s technology, built on proprietary analysis of DMV-issued IDs that no other provider offers, delivers trusted, real-time identity verification across a wide variety of sectors and an exceptional customer experience. More information about Intellicheck’s cutting-edge technology can be found here.

About Intellicheck

Intellicheck (Nasdaq: IDN), the industry leader in identity verification management, prevents the use of unauthorized IDs to stop identity-based fraud. Intellicheck is the only SaaS-based validation and proofing service that uses a unique and proprietary analysis of DMV-issued IDs to create trusted, real-time customer identity verification experiences across a wide variety of sectors, both in-person and digitally. Intellicheck is processing identity transactions for almost half the adult population in the United States and Canada annually with state-of-the-art technology solutions that are providing a seamless, invisible ID verification experience while delivering 99.975% decisioning in under a second when a customer is using our tools to capture the document. For more information on Intellicheck, visit us on the web and follow us on LinkedIn, X, Facebook, and YouTube.

Safe Harbor Statement

Statements in this news release about Intellicheck’s future expectations, including expanding Intellicheck’s channel partnership initiatives, the advantages of our products, future demand for Intellicheck’s existing and future products, whether the Company will expand across key market verticals, and all other statements in this release, other than historical facts, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.

These statements, which express management’s current views concerning future events, trends, contingencies, or results, may use words such as “anticipate,” “assume,” “believe,” “continue,” “estimate,” “expect,” “forecast,” “future,” “intend,” “plan,” “potential,” “predict,” “project,” “strategy,” “target,” “could,” “may,” “might,” “should,” “will,” and “would,” and similar terms.

Actual results and ultimate corporate actions could differ materially due to factors including customer concentration; market acceptance and adoption of our SaaS offerings; competition, including from providers with greater resources; our customer's vendor transition and multi-vendor architecture and the pace, extent and duration of the resulting volume reductions as a result of such transition; whether any volumes are retained or restored and the economics of any retained or restored business; and our ability to recover or replace affected revenue; the rapid evolution of artificial intelligence, including the use of generative AI to create synthetic identities and deepfakes, and our ability to maintain technological advantages; cybersecurity incidents, data breaches, or service interruptions; changes in privacy, biometric, data protection, and AI laws and regulations; pending or future litigation and regulatory inquiries; our ability to attract and retain key personnel; macroeconomic and geopolitical conditions and the effect on the economy of the ongoing conflict in the Middle East, including effects to consumer sentiment and inflationary pressures; our ability to utilize net operating loss carryforwards, including limitations under Section 382; and risks associated with being a smaller reporting and micro-cap company. They also include statements regarding expanding our channel partnership initiatives, the advantages of our products, future demand for our existing and future products and services, whether we will expand across key market verticals, our expectations for future revenue, profitability, Adjusted EBITDA, cash flow and other financial metrics, and our growth strategy and ability to scale the business. This statement is included for the express purpose of availing Intellicheck, Inc. of the protections of the safe harbor provisions of the PSLRA.

Actual results and ultimate corporate actions could differ materially from those expressed in or implied by forward-looking statements based on risks and uncertainties detailed from time to time in Intellicheck’s filings with the Securities and Exchange Commission. Intellicheck does not assume any obligation to update forward-looking statements, except as required by law.

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