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SecuGen Corp. Acquisition by Pivotec Completed

Santa Clara, CA (May 1, 2006) – SecuGen Corporation, the world's leading provider of optical fingerprint recognition technology, announced today that SecuGen's assets have been acquired by Pivotec Co., Ltd, a leading information and communication technology service provider. SecuGen is pleased to announce that with this transaction, SecuGen will have additional financial resources to more effectively provide world leading, state-of-the-art, optical fingerprint technology to its customers worldwide.

Doug Ahn, Chairman of Pivotec, stated, "We are extremely pleased with this investment. This is a time of boundless opportunity in the fingerprint marketplace. We have complete confidence in SecuGen's team and its world-class technology."

Dr. Ahn further stated, "SecuGen will operate as an independent and separately incorporated entity. SecuGen has developed a large number of high visibility partnerships, and we anticipate that not only will these partnerships continue and be strengthened but that the list of world class partners will rapidly expand. We intend for SecuGen to maintain the technology leadership and innovation that the world of biometrics has come to expect from them."

Won Lee, President & Chief Executive Officer of SecuGen, stated, "I am excited to work with Pivotec whose service-based business model, technological depth and access to key markets around the world will compliment and enhance SecuGen's core capabilities. This investment provides us with an opportunity to expand our offerings and broaden their delivery to the growing ranks of biometrics users."

Mr. Lee added, "The success of this transaction would not have been possible without the outstanding effort of all our employees. Their dedication to SecuGen's long-term vision of providing the best fingerprint products and finest possible support through our many partnerships is unparalleled. We will continue to serve our customers with the same passion that they have come to expect from us. We view this as the beginning of a new chapter in our history and a chance to enhance and expand our product and service offerings and to provide our OEM, ISV and VAR partners with the cutting-edge technology that will enable them to deliver the world's best end-user solutions."

Terms of the acquisition were not disclosed. The transaction was arranged by investment banking firm Mosaic Capital LLC and aided by legal advisors Manasian & Rougeau LLP, Wilson Sonsini Goodrich & Rosati, and Murray & Murray.

About SecuGen
SecuGen is the world's leading provider of advanced, optical fingerprint recognition technology, products, tools and platforms for physical and information security. SecuGen designs and develops its own proprietary and patented fingerprint sensors and algorithms and markets OEM components, developer kits, application software and fingerprint peripherals worldwide for a wide range of applications.

SecuGen is a registered trademark of SecuGen Corporation in the United States and other countries.

© 2006 SecuGen Corporation. All rights reserved.