September 3, 2014 -
Imageware Systems has signed a three-year contract with Wal-Mart, according to “reliable sources” cited in a report by TechZone 360.
In a second quarter conference call held on August 11, Imageware Systems CEO Jim Miller announced the company formed an agreement “in principle” with “one of the world’s largest” retailers.
Just two weeks later, ImageWare Systems announced the three-year contract with an undisclosed major international retailer to provide its multi-modal biometric identity management product suite that runs on the Fujitsu Trusted S5 Cloud platform.
Louis Basenese of Disruptive Tech Research attempted to confirm the accuracy of the TechZone 360 report with “multiple sources”, but “no one would go on the record to confirm it, no one flat out denied it, either.”
Imageware’s press release stated that the “the implementation will begin in the retailer’s Mexico City locations.”
Basenese looked at the top 10 companies in Deloitte’s top 250 global retailers list that have a Mexico presence, and successfully narrowed down the possibilities to Wal-Mart, Costco and The Home Depot
Basenese goes on to explain that Wal-Mart offers the greatest commercial opportunity for Imageware out of the three retailers, as it is the largest private employer in the U.S. and Mexico and currently has 2,500 stores in Mexico.
Confirmation could arrive this week as Imageware and Wal-Mart are presenting at the 2014 Gateway Conference and the Goldman Sachs Global Retailing Conference, respectively.