Biometrics industry stocks this week

The Detroit International Auto Show is underway this week in Motown. Reflected in the line-up are signs of the epic, once-in-history shift in the fundamental nature of the auto industry. Today, of course, Detroit steel is merging with Silicon Valley digital tech as a new era of automated vehicles (AV) is dawning. Even two years ago the idea of self-driving cars as an imminent consumer item would seem nuts, recent predictions have been that a true self-driving car would not

Suprema sets up Middle East operations

Suprema continues to expand its global operations with the establishment of Suprema Middle East FZCO. The new operation is located in the Dubai Airport Free Zone. Mohamed El Shenawy has been appointed to lead the regional sales team and focus on the new business development as well as supporting existing business partners in the region. “Suprema Middle East FZCO is committed to help our strategic partners and customers in the Middle East,” explains said SY Lee, Director of Global Business

Defense ministry deploys BIO-key biometric management platform

BIO-key revealed that the cybersecurity group of an unnamed government defense ministry has selected and deployed BIO-key’s WEB-key server-based biometric management platform, as well as BIO-key fingerprint scanners, to protect its existing federated Microsoft Active Directory environment. The US$257K initial purchase order will enable strong authentication for the users of defense ministry IT systems and is expected to lead to additional opportunities as the solution is deployed more broadly. According to a company statement, BIO-key worked closely with the ministry’s

FacePhi exceeds forecasts, reports 307% jump in profits

With 21 banks now using its software and services, Spanish facial recognition firm FacePhi is reporting a 307 percent jump to a net profit of 457,205 euros for 2017. The company feels this upward trend will continue in 2018, given FacePhi’s aim to increase the size of its international business with a presence in the U.S., European and Asian markets. Shares in FacePhi rose by 60% over the year, from €0.68 on January 1, 2017 to €1.09 on December 31,

Visa announces pilot for biometric payment cards

Visa has announced pilot projects for a new EMV dual-interface biometric payment card with chip and contactless transaction capabilities in partnership with Mountain America Credit Union and Bank of Cyprus. The payment cards in both pilots have embedded sensors from Fingerprint Cards’ FPC1300-series. Biometric technology supplied by Gemalto is used in the Bank of Cyprus pilot, while the Mountain America Credit Union pilot utilizes Precise Biometrics’ Precise BioMatch Embedded algorithm solution, as well as technology provided by Kona-I. “I am

Precise Biometrics appoints new CEO

Precise Biometrics has appointed Stefan K Persson CEO. Current CEO Håkan Persson has resigned effective immediately. Stefan K Persson is currently an EVP with the Bang Olufsen Group and will assume his new position by August 1, 2018. Until then Göran Thuresson, CFO, be acting CEO with Torgny Hellström as Executive Chairman. “I am very pleased to be part of Precise Biometrics future journey and drive the company to the next level,” said Persson. “Biometrics is an extremely interesting area

Biometrics industry stocks this week

A trendy debate among financial types is whether the economy is in the late-stages of this current expansionary cycle. Fund managers assume there are identifiable stages to periods of growth in the economy. Many think there are some signs popping up of late-cycle froth in this current market upswing. One eminent name weighing in on this debate over the last week was David Rosenberg, a former chief economist for Merrill Lynch. These days Rosenberg works for a Toronto-based firm, Gluskin

Fingerprint Cards, Gentex collaborate to bring iris authentication to auto industry

Fingerprint Cards and Gentex today announced an exclusive partnership agreement to bring iris-scanning technology to the automotive industry. “Collaboration is key within the automotive ecosystem, and as a leading provider of smart mirrors and automotive electronics, Gentex brings an unmatched platform and vehicle real estate through which we can deploy our ActiveIRIS technology,” explained Christian Fredrikson, president and CEO of Fingerprint Cards. The ActiveIRIS iris recognition system was developed by Delta ID, which Fingerprint Cards acquired last year for US$106

FPC sensor used in biometric payment card pilot for Bank of Cyprus

Fingerprint Cards is providing touch sensors from its FPC1300-series for the recently announced Bank of Cyprus biometric payment card pilot. The pilot, being lead by Gemalto, is the first of multiple upcoming pilots in 2018 for the world’s largest card manufacturer and also includes Zwipe as a partner. The card being trialed by Bank of Cyprus is a fingerprint activated payment card which utilizes Zwipe’s energy harvesting capacity and biometric engine to enable contactless and contact transactions. It is powered

Jeff Carter appointed CEO of EyeLock

VOXX International announced today that Jeff Carter, formerly CTO of EyeLock, the company’s majority owned subsidiary, has been appointed CEO of EyeLock, effective immediately. “Jeff has been central to the development of EyeLock’s intellectual property, a portfolio that includes nearly 100 patents and pending patents as well as proprietary technology …,” said Pat Lavelle, VOXX International’s President and CEO. “He has been working to enhance not only EyeLock’s IP, but its distribution channels and customer reach; roles he will continue