Though I haven’t studied the company’s involvement in REAL ID promotion, my sense is that identification technology provider Digimarc has staked a lot on the national ID law. So it is with some pleasure that I note the announcement by their Chairman and CEO, Bruce Davis, that the company will fail to turn a profit this year.
Davis said the 2008 outlook is also clouded by the uncertainty over federal regulations for an identification system known as Real ID. The CEO said the revenue effects from the completion of regulations may not occur until late 2008 or 2009.
Actually, Bruce, the revenue affects from the completion of the regulations may not occur at all.