Company Name: Cogent Inc. Symbol: COGT Rating: Neutral Website: http://www.cogentsystems.com/ Coverage Period: August 2, 2008 - August 2, 2009 Featured Newsletter: August 2, 2008 Edition

Last Trade: 9.00 Last Size: 2,217 Trade Time: 4:00pm Change: -0.1100 (-1.21%) Prev Close: 9.1100 Open: 9.1500 Volume: 766,900

Bid: 8.1800 Ask: 9.8100 Bid x Ask Size: 500x500 Day's Range: 8.94 - 9.22 52wk Range: 8.90 - 14.40 P/E (ttm): 23.85 EPS (ttm): 0.382

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Cogent, Inc. provides automated fingerprint identification systems (AFIS) and other fingerprint biometrics solutions to governments, law enforcement agencies, and other organizations worldwide. Its AFIS solutions enable customers to capture fingerprint images electronically, encode fingerprints into searchable files, and compare a set of fingerprints to a database of fingerprints. The company offers two primary AFIS solutions, which include Cogent Automated Fingerprint Identification System (CAFIS) and Cogent Live-ID. CAFIS is a networked AFIS solution for local, regional, and national systems. Cogent Live-ID enables its customers to identify individuals who submit their fingerprints for border crossings, background checks, fraud prevention, criminal investigation, document identification, voting stations, and other activities where security is a concern. The company provides two principal products in its AFIS solutions deployment, including Programmable Matching Accelerator Servers (PMA) and Live-scan Systems. PMA server is an image matching server that can support search speeds of up to two million print comparisons per second per server. Cogent offers various live-scan systems for running its proprietary software that improve minutiae feature extraction during the capture and encoding of fingerprint and palm print data. The company also offers AFIS services, which include design, integration, and training; an outsourced Live-ID service on a hosted application service model; and an original equipment manufacturer (OEM), development kit for application development and integration. It markets its AFIS solutions and other fingerprint biometrics solutions directly to end-users and indirectly through prime contractors; and its proprietary ASIC device indirectly through OEMs, resellers, and distributors. The company was founded in 1990 as Cogent Systems, Inc. and changed its name to Cogent, Inc. in 2004. Cogent is headquartered in South Pasadena, California.

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