Aware, Inc. appointed David Traverse, age 50, as its Principal Financial Officer (PFO), effective October 24, 2023 Mr. Traverse?s employment with the Company will be on an at-will basis and the terms of his arrangement with the Company provide for payment of an annual base salary of $215,000. He will be eligible for an annual bonus at the end of each fiscal year and also will participate in the Company?s employee benefit plans. Mr. Traverse previously served as the Company?s Corporate Controller since April 27, 2020.
Mr. Traverse has an extensive background in Finance and Public Accounting. Most recently, prior to joining the Company, Mr. Traverse was Vice President and Corporate Controller at SeaChange International from November 2018 through April 2020 and Vice President Finance and Chief Financial Officer at Artel Video Systems from October 2015 to October 2018. Mr. Traverse has also worked as a Certified Public Accountant at several public accounting firms. Mr. Traverse received a Bachelor of Science in Accounting from the University of Massachusetts Lowell.
The Company and David Barcelo agreed that Mr. Barcelo would leave the Company and resign as Chief Financial Officer of the Company, effective October 24, 2023. Mr. Barcelo?s departure from the Company is not the result of any dispute or disagreement with the Company on any matter relating to the Company?s accounting practices or financial statements.
Aware, Inc. is a global biometric platform company that uses data science, machine learning, and artificial intelligence to tackle everyday business and identity challenges through biometrics. Its software offerings address the growing challenges that governments and commercial enterprises face in knowing, authenticating, and securing individuals through secure user experiences. Its algorithms are based on diverse data sets from around the world and can be tailored to the unique security and requirements of each customer. Its portfolio enables government agencies and commercial entities to enroll, identify, authenticate, and enable using biometrics, which comprise physiological characteristics, such as fingerprints, faces, irises and voices. Its portfolio of biometric solutions is based on advanced, robust products designed explicitly for ease of integration, including customer-managed and integration ready biometric frameworks, platforms, software development kits (SDKs) and services.
AWARE, INC. 
