Animetrics wins US Army face surveillance deal

Animetrics wins US Army face surveillance deal

BUSINESS WATCH acquisition COMPANY NEWS UÊ BIO-key International has engaged JMR Worldwide as its public relations and strategic communications agenc...

84KB Sizes 0 Downloads 123 Views

BUSINESS WATCH acquisition

COMPANY NEWS UÊ BIO-key International has engaged JMR Worldwide as its public relations and strategic communications agency of record. JMR Worldwide will direct the company’s media, industry analyst, investor relations and other communications initiatives. UÊ L-1 Identity Solutions has announced that it has retained Goldman Sachs & Co. and Stone Key Partners as financial advisors to explore strategic alternatives to enhance shareholder value. The consideration of ÃÌÀ>Ìi}ˆVÊ >ÌiÀ˜>̈ÛiÃÊ LÞÊ Ì…iÊ ‡£Ê œ>À`Ê œvÊ Directors may not result in a sale transaction, therefore there is no assurance that this process will result in a sale of the company or any other specific transaction. L-1 does not intend to disclose further developments during this process unless and until its œ>À`ʜvÊ ˆÀiV̜ÀÃÊ>««ÀœÛiÃÊ>ÊëiVˆvˆVÊÌÀ>˜Ãaction or otherwise concludes the review of strategic alternatives. UÊ AOptix Technologies has signed a partnership agreement with Daon to participate in the DaonAdvantage Program. As part of this partnership, the AOptix InSight iris recognition system has been tested, certified and integrated into Daon’s identity assurance platform. As part of the partnership, AOptix has installed its InSight system at the Daon Demo Centre as a part of a fully integrated iris interoperability demonstration created by Daon. Users enrol their iris images on a traditional short range iris system; an identification application then controls the InSight to capture iris images for authentication and performs the matching function within DaonEngine. AOptix and Daon are contemplating further integration and partnering for a variety of customer needs worldwide U Global Rainmakers, an intellectual propiÀÌÞʅœ`ˆ˜}ÊVœ“«>˜ÞÊ>˜`Ê>`Û>˜Vi`Ê,E Ê laboratory, has announced the appointment of Samuel Jeff Carter as Chief Operations Officer. In addition to overseeing firm operations, Carter will be responsible for new business development and the deployment of the firm’s revolutionary strategy on iris biometric security applications within mobile services and devices. Carter comes to Global Rainmakers with over 15 years of banking and technology experience. He is an advisor to emerging technology companies around the globe with a focus on identity and innovation. He spent the last six years at Bank of America, where he served as Senior Vice President for the Consumer >˜ŽÊ/À>˜ÃvœÀ“>̈œ˜°Ê

6

Biometric Technology Today

IrisGuard sells off 30% stake to GrowthGate

G

rowthGate, a company specialised in investing in promising growth companies, has reached a final agreement to acquire 30% of IrisGuard, a provider of iris recognition technologies. IrisGuard offer iris recognition-based solutions to a variety of sectors ranging from national security organizations to banking institutions around the world. The company is best known for its iris recognition solution in the UAE, where there are now over 250 iris imagers in every Land, Sea and Air Ports-of-Entry in the country. IrisGuard also made history in 2008, deploying a significant real-time card-free iris recognition solutions for banks via ATMs.

>ˆÀœÊ““>˜Ê >˜ŽÊÜ>ÃÊ̅iÊvˆÀÃÌÊL>˜ŽÊÌœÊ deploy the solution with over 400 iris imagers deployed in Jordan and Palestine. The company manufactures the IrisGuard IG-H100 and IG-AD100 camera systems in addition to a portfolio of four additional iris imagers under development. IrisGuard claims to have been profitable since inception in 2000 and expects to generate revenues in excess of $10 million and to realize an

/ ʈ˜ÊiÝViÃÃʜvÊÎä¯Êˆ˜ÊÓä£ä° The value of the transaction was not disclosed.

financial results

Cogent results down in the fourth quarter

C

ogent Systems has announced slightly lower financial results for the fourth quarter and full year ended 31 December 2009. Fourth quarter 2009 revenues were $37.9 million which compares to revenue of $40.0 million reported in the same year-ago period. Net income for the fourth quarter of 2009 was $9.4 million compared with $11.5 million in the same period of 2008. For the full-year ended 31 December 2009, revenues increased to $129.6 million from $125.7 million in 2008. Net income, however, fell to $32.5 million from $45.2 million for the year ended 31 December 2008. “We enter 2010 with business at record levels, and strong momentum from existing customers and new projects,” commented Ming Hsieh, President and Chief Executive Officer of

Cogent. “We are successfully executing on our diversification strategy, having won multiple large international awards for our AFIS and new mobile products this year, as well as continuing to expand our web-based enrollment business. In addition to our new customer wins in the United Kingdom and Latin America, the Department of Homeland Security remains an important customer as we expand the ten print database for the U.S. Visit program. We are very excited about the large number of contracts expected to be awarded over the next year.”

patent/contract

Animetrics wins US Army face surveillance deal

A

nimetrics has been selected as a subcontractor to Stanley on an award to develop an advanced facial recognition surveillance system for use on moving vehicles for the US Army Intelligence Center at Fort Huachuca, Ariz. Under the nine-month, $1 million contract, Animetrics will provide a unique surveillance solution utilizing a telescopic pan tilt zoom camera to capture faces within the area around a vehicle and search against the Army’s terrorist watch list. Kathy Debolt, Deputy TRADOC

>«>LˆˆÌˆiÃÊ>˜>}iÀÊvœÀÊ ˆœ“iÌÀˆVÃÊ>˜`Ê Forensics, US Army Intelligence Center of

ÝVii˜Vi]ÊVœ““i˜Ìi`\ʺ ˆœ“iÌÀˆVÃÊV>«>Lˆˆties are a key component to winning the war on terrorism. This project will provide a powerful tool to help protect our war fighters in theatre and provide security for the local governments.” Animetrics President and CEO Paul Schuepp said: “This is Animetrics’ most important award and we are ready to push the limits of face biometrics in this most difficult environment of matching uncontrolled facial imagery. Our patented 2D-3D FACEngine technology is already Liˆ˜}ÊṎˆâi`Ê܈̅Ê̅iÊÀ“Þ½ÃÊ ˆœ“iÌÀˆVÊ Automated Toolset watch list system and this application is a natural follow-on to make a powerful security tool for the war fighter.” In separate news, Animetrics was granted patents from the United States Patent and Trademark Office (USPTO), entitled “Facial Recognition System and Method,” “Generation of Image Database for Multifeatured Objects,” and “Viewpoint-Invariant Image Matching and Generation of 3D Models from 2D Imagery”. “For the face biometric use in border control, in-the-field identification and military operations, our patents are ‘game changers’ and we have several more on the way,” said Schuepp.

March 2010