Aware Plans to Spin-Off Patent Licensing Operations (AWRE)

Aware, Inc.

today announced its plans to pursue a spin-off of its patent licensing operations. The spin-off will allow the spun-off entity to focus fully on patent licensing operations, including technology innovation, patent development and licensing. After the spin-off, Aware will continue as a leading supplier of test and diagnostics products and imaging and biometrics software. Aware expects to file documents with the U.S. Securities & Exchange Commission (SEC) over the next few months and to complete the proposed transaction in the first half of fiscal 2011. The spin-off will result in two, independent publicly traded U.S. companies. See Some of the Top Moving Indexes