September 11, 2012 -
IWS recently introduced version 2.0 of its flagship Biometric Engine, representing, as SecurityStockWatch.com puts it, “an evolutionary leap in physical security identification at airports, seaports and other critical points-of-access.
“The BE 2.0-based server platform will enable rapid development and deployment of highly-configurable, cost effective, ‘Future Proof’ modular, physical and logical security identification solutions’” explained Miller. “This game-changing approach means that IWS clients who need to secure critical access points such as borders, airports, seaports and electronic commerce transactions can obtain physical and logical security through an identification solution designed to continuously adapt to evolving market requirements, technology advancements, and specific customer needs.”
BE2.0 will be used at the Los Angeles World Airport and in Ecuador for its seaports.
When asked what IWS’ target markets are, Miller replied, “The Biometric Identity market is being increasingly driven by the desire of public sector and commercial entities to provide efficient, cost effective, trusted and reliable identification infrastructures.”
Miller attributed IWS’ proven market vision and legacy expertise of innovating patented software-based, multi-biometric and card-based identity solutions. The challenges and struggles that were encountered only strengthened and helped the company better understand biometric-based identity which adds to their qualification in delivering the software foundation for next generation biometric identification infrastructures.
When asked for a patent update, he shared, “The IWS patent portfolio which now consists of 9 US patents and four in foreign countries is indicative of our invention, innovation and leadership in the field of multi-modal biometrics and analysis using a seamlessly integrated software platform that is agnostic to choice of biometric modality and hardware.”
IWS continues to works closely with their partners such as HP, Unisys, IBM and Oracle to ensure the company fully understands market requirements and deliver industry-leading solutions.
The interview concluded with an update about IWS recently completing a US$10 million equity financing deal, allowing IWS to eradicate all long-term debt and existing Series C and D Preferred Stock.
Miller agreed IWS now has the working capital it needs to fully execute its business plan.
“It’s full speed ahead as we move into the marketing and sales phase of our next generation biometric identity management and advanced credentialing platform,” said Miller. “We are excited about the future and we think ImageWare’s current and future customers are going to like what they see coming their way!”
Do you agree as to the direction ImageWare is heading?