Biometrics Institute names Stephanie Schuckers head of Academic Research and Innovation Group

The Biometrics Institute has introduced Stephanie Schuckers as the new Head of the Institute’s Academic Research and Innovation Group, a committee within the Biometrics Institute set up to further strengthen its outreach into the research community. Schuckers is a Clarkson University professor and Director of the Center of Identification Technology Research (CITeR), a National Science Foundation Industry/University Cooperative Research Center. She has testified for Congress, and has over 40 journal publications as well as over 60 other academic publications. The

Biometric Signature ID adds to executive team

Citing historic company changes, growth and opportunity, Biometric Signature ID (BSI) has added six new team members bringing with them years of experience from a variety of backgrounds. Dr. Mark Sarver joins BSI as the Chief Behaviorist. Prior to joining BSI, he was the CEO of EDUKAN, BSI’s first client. David Chatham, who previously managed the learning management systems for the Colorado Community College System, comes on as Director of Managed Services. Tyler Weiland is the company’s new marketing specialist

ImageWare Systems reports Q2 2017 revenues of $1.1M

ImageWare Systems, Inc. has issued financial results for Q2 2017, as well as a corporate update to highlight the company’s progress since its last quarterly update on May 10, 2017. The company’s total revenues in Q2 2017 were up 6 percent to $1.1 million compared to $1.0 million in Q2 2016. Meanwhile, gross margin in Q2 2017 increased 400 basis points to 76.4 percent from 72.4 percent in the year-ago quarter, which was primarily due to higher software licensing revenues.

Biometrics industry stocks this week

As the biometrics industry continues to grow Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each week for a rundown of the financial news and interesting ideas from the week that was. -BIO-key International has been having a good summer. Shares were trading as low as $2.09 this past May. But the stock has advanced to trade above $3.40 this week. To celebrate BIO-key executives had the

Technavio report examines multi-factor authentication market trends for 2017-2021

Technavio has published a new research report on the global multi-factor authentication market which analyzes key trends expected to impact the market outlook from 2017-2021. The report forecasts that the market will grow at a CAGR of nearly 23 percent during the forecast period. Enterprises are adopting safe and secure authentication services that allow only an authorized person to access their information. “Multi-factor authentication solutions are gaining prominence in organizations to monitor people from gaining unauthorized access to critical data and tampering

KeyLogic Systems acquires CrossResolve to expand biometrics services

Engineering firm KeyLogic Systems, Inc. has acquired CrossResolve, a government advisory and strategy services organization focused on biometrics, forensics, and identity programs. The terms of the acquisition were not disclosed. The acquisition aligns with KeyLogic’s newfound national security and biometrics-focused strategy and allow the organization deliver a wider selection of services to its client base. “It has always been our goal for KeyLogic to provide our customers with the best possible solutions, and that’s why we’ve never had a one-time

This week in biometrics industry stocks

As the biometrics industry continues to grow Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space at the end of each week for a rundown of the financial news and interesting ideas from the week that was. Biometrics companies continue to report second quarter earnings this week. Some impressive results were trotted out as the sector continues to grow and evolve. -Melbourne, Florida-based technology firm NXT-ID hosted a

Biometrics Institute releases results from 2017 industry survey

The Biometrics Institute has released to its members the full report on the findings of the 2017 Biometrics Institute Industry Tracker, which is now in its eighth year. This year’s survey was revamped and condensed to 20 key questions including a new question probing attitudes to major biometric issues. The final report provides critical insights into various trends and important developments in the biometrics industry. “Overall, over the next five years, there is expected to be a shift away from

This week in biometrics industry stocks

As the biometrics industry continues to grow Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each Friday for a rundown of the financial news and interesting ideas from the week that was. Earnings season is well underway. Across the economy companies are reporting second quarter results. Within the biometrics sector this quarter’s results were affected by Petya, the random timing of contracts in the tech sector and

Aware issues Q2 2017 financial results with $2.7M in revenue

Aware, Inc. issued financial results for Q2 2017 with $2.7 million in revenue, compared to $6.9 million in the same quarter last year. The company’s operating income in Q2 2017 was $0.2 million compared to $2.1 million in Q2 2016. The company attributes the decrease in revenue and operating income primarily to a large biometrics software license sale to a U.S. government military customer and a large medical imaging license sale in Q2 2016 whereas there was no such revenue