July 20, 2016 -
FST Biometrics announced that users of its IMID access system have conducted more than 1.5 million successful identifications each month around the world.
The company also noted that it has increased its customer base by 30% in the past 12 months from the financial, corporate, health and real estate markets.
“The feedback we have received from customers and customer prospects is astounding,” said Major General (Res.) Aharon Zeevi Farkash, FST’s founder and CEO. “Our technology now has market-proven scalability, with more than 1.5 Million monthly identifications taking place. We are ready for the coming period of aggressive growth.”
Over the last 12 months, FST Biometrics has introduced several significant features for IMID Access, which have readied the product for the enterprise markets. These large customers are currently moving forward with implementations.
“The past 12 months have demonstrated that the demand for FST’s IMID system is robust around the world,” said Gary Fegel, founder of GMF Capital and FST’s largest shareholder. “With FST’s outstanding management team, led by Aharon Zeevi Farkash, and the company’s strong board of directors, including former Israeli Prime Minister Ehud Barak and the incoming chairman Avi Naor, FST is poised to continue to grow significantly in the coming months.”
Previously reported, FST Biometrics announced that Avi Naor, a member of FST’s board of directors, has made an investment in FST Biometrics and has been appointed as chairman of the board.