LaserLock signs $7M contract with Mexican gaming company for biometric authentication service

August 1, 2014 - 

LaserLock Technologies has announced that it has signed a 10-year, $7 million contract with a Mexican gaming company for its VerifyMe Identity and authentication services.

“This is a new milestone in our fight to deliver viable, strong authentication technology to the marketplace and speaks volumes to the underlying technology that makes up VerifyMe,” Neil S. Alpert, CEO of LaserLock said. “The current system, in which passwords are so easily hacked and online and financial security so vulnerable, needs to be replaced and VerifyMe is the ideal technology to do it.”

“The deal signifies a bright future for LaserLock not only for the strength of our technology but the future financial success of the company as well,” Alpert said.

LaserLock has not released the name of the company with which it has just signed this new agreement.

According to the company, VerifyMe is a multi-factor authentication solution that uses biometrics and gesture recognition, among other factors.

BiometricUpdate.com recently had a conversation with Alpert about the company, authentication and anti-counterfeit technologies.

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Adam Vrankulj is an editor for BiometricUpdate.com. His background consists of online news writing, editing and content marketing. Adam has written for CBCNews.ca, BlogTO and was the editor and curator for the nextMEDIA and CIX Source publications. He has a degree in journalism and is passionate about science, technology and social innovation. Contact Adam, or follow him at @adamvrankulj