ImageWare Systems issues financial results for Q2

ImageWare Systems reported its financial results for the second quarter ended June 30, 2014, in addition to providing a corporate update to highlight the company’s progress since its last update in May. ImageWare earned revenues of $937,000 for Q2 2014, which is just slightly less than the same quarter last year when it earned $1.0 million. The company’s gross margin in the Q2 2014 increased by 410 basis points to 75.2%, as compared to 71.1% in Q2 2013. ImageWare attributes

Fingerprint recognition provider Technoglobal adopts accretive M&A strategy

Technoglobal Inc., a leading Japanese provider of fingerprint authentication technology, is seeking to acquire new international businesses to spur accretive growth. Technoglobal has decided to continue its expansion not just through organic growth but also via strategic overseas acquisitions. The firm has hired KGI Asia Limited, a pan-Asian financial services group, to assist in identifying purchase targets. KGI Asia is one of the top 10 futures brokers in the region, serving more than 500,000 clients in Hong Kong, China, Taiwan,

Suprema provides Turkish supermarket chain with biometric employee tracking

Carrefour, a supermarket chain in Turkey, has selected fingerprint recognition terminals from Suprema, that will be used to track employee attendance. Suprema, through a local Turkish supplier, has provided 500 units of its BioEntry Plus solution to the Carrefour chain. BioEntry Plus is a user-friendly IP-based fingerprint access control device that features easy installation. The solution features an integrated fingerprint and proximity card reader, and offers a full range of access control applications from a simple standalone door control to

Apple, Samsung try to ease Capitol Hill’s concerns regarding fingerprints

Both Apple and Samsung are trying to ease Capitol Hill’s concerns regarding the use of fingerprint recognition technology in their Galaxy S5 and iPhone 5s devices, respectively, according to a report by The Hill. Both companies submitted letters to Senator Al Franken (D-Minn.), who chairs the Senate Judiciary Committee’s privacy and technology subcommittee, claiming their users’ fingerprints are not stored on their smartphones and are therefore safe from getting into the hands of “hackers and identity thieves”. “We agree with

U.S. Army to launch biometric intelligence lab

With less than a month before its July 29th launch, the U.S. Army is working towards setting up its Biometrically Enabled Intelligence System Integration Lab project, as well as recruiting companies to participate in the initiative, according to a report by Washington Technology. As the U.S. Army continues to engage in ongoing combat against small terrorist groups that are harder to identify among the general population, its need for advanced biometric and forensic technology, including fingerprint, facial and iris recognition,

Precise Biometrics appoints corporate marketing manager, issued patent

Precise Biometrics has named Daniel Edlund corporate marketing manager and member of its management team, which comes as part of an increased focus on sales. “Daniel will play an important role in furthering strengthening our commercial position and offering to our customers,” says Precise Biometrics president and CEO Håkan Persson, who was just recently appointed himself. Edlund has over 10 years of experience within marketing and communications from the information and telecommunications industry. He most recently served as affairs &

CLEAR to launch biometric security fast-pass system at Las Vegas airport

CLEAR will introduce its biometrics security fast-pass system at Las Vegas’ McCarran International Airport later this summer, making McCarran the 10th airport in the United States to offer the identity verification system. Those travelers willing to pay an annual membership fee will be able to go through security checkpoints in less time by using a CLEAR Card that verifies their identity using fingerprint and iris recognition. Clear, a New York-based technology business, announced that McCarran would be the 10th airport

DigitalPersona Provides Fingerprint Solution for Chinese Fashion Retailer

Biometric identity verification solutions provider DigitalPersona announced on Wednesday that Chinese fashion retailer New Look has selected a Point-of-Sale system that uses DigitalPersona fingerprint technology. The announcement follows a successful trial run at six of New Look’s stores this past February. The retailer says it will now expand their use of biometrics in 16 of its stores by the end of the year, as well as longer-range plans to equip 100 stores by 2017. New Look says it initially chose

Usability should be key consideration in biometric border systems

Usability and functionality should be a primary concern for designers and manufacturers of biometric systems. Though such systems typically are deployed for security applications, they should still provide an exemplary service experience that quickly meets the basic needs of the user, without fuss or bother. Most would attest that the air travel experience is anything but an exemplary one. Travelers in the high-security, post-911 era have to run a high-paced gantlet of airline flight check-in, along with baggage drop-off, security

Medbox acquires 50% partnership stake in MedVend

Medbox has announced that it will acquire a 50% partnership stake in MedVend, LLC, a Michigan based bio-tech company that has developed a patented automated medicine dispensing machine used for traditional prescription pharmaceutical dispensing. This deal has involved cash and a restricted stock component, totaling up to US$ 5,150,000. This amount includes a $300,000 capital infusion and additional loans if needed for operating expenses into a jointly controlled new corporation that will operate the business on a going forward basis. Besides infusion capital and