Aware, Inc. Announces Establishment of Stock Repurchase Plan

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Aware, Inc. Announces Establishment of Stock Repurchase Plan
    BEDFORD, Mass., Aug. 28 /PRNewswire-FirstCall/ -- Aware, Inc. (Nasdaq:
AWRE), a leading supplier of broadband technology and biometrics software,
announced today that its Board of Directors has approved a program
authorizing the Company to purchase up to $5 million of its common stock.
The shares may be purchased from time to time in the open market or through
privately negotiated transactions at management's discretion, depending
upon market conditions and other factors. The authorization to repurchase
Company stock expires on December 31, 2008.
    As of August 24, 2007, the Company had 23,781,545 shares of common
stock outstanding. Repurchases will be made under the program using the
Company's own cash resources and will be in accordance with Rule 10b-18
under the Securities Exchange Act of 1934 and other applicable laws, rules
and regulations.
    The program does not obligate the Company to acquire any particular
amount of common stock and the program may be modified or suspended at any
time at the Company's discretion. As of August 24, 2007, the Company had
over $38 million of cash, cash equivalents and marketable securities.
    About Aware
    Aware is a leading technology supplier for the telecommunications
industries. For more than ten years, Aware has pioneered innovations at
telecommunications standards-setting organizations and continues to develop
and market DSL silicon intellectual property and test and diagnostics
products. Its StratiPHY(TM) IP product line supports DSL standards,
including ADSL2+ and VDSL2, and has been broadly licensed to leading
semiconductor companies. Telecom equipment vendors and phone companies use
Aware's DSL test and diagnostics modules and Dr. DSL(R) software to help
provision DSL circuits globally. Aware is also a veteran of the biometrics
industry, providing biometric and imaging software components used in
government systems worldwide since 1992. Aware's interoperable,
standard-compliant, field-proven imaging products are used in a number of
applications, from border management to criminal justice to medical
imaging. Aware is a publicly held company (Nasdaq: AWRE) based in Bedford,
Massachusetts. http://www.aware.com
    Safe Harbor Warning
    Portions of this release contain forward-looking statements regarding
future events and are subject to risks and uncertainties, such as the
possibility that Aware will repurchase up to $5,000,000 of its common
stock. Aware wishes to caution you that there are factors that could cause
actual results to differ materially from the results indicated by such
statements. These factors are included in documents that Aware files from
time to time with the Securities and Exchange Commission, specifically the
section titled "Risk Factors" in our quarterly report on Form 10-Q for the
quarter ended June 30, 2007 and other reports and filings made with the
Securities and Exchange Commission.
    Aware, Dr. DSL and StratiPHY are trademarks or registered trademarks of
Aware, Inc. Any other trademarks appearing herein are the property of their
respective owners.
SOURCE Aware, Inc.
http://www.aware.com
http://www.prnewswire.com/comp/107679.html/
CONTACT:
Keith Farris of Aware, Inc., +1-781-276-4000