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

Thales acquires Gemalto to create digital security giant

Thales will acquire Gemalto and merge the two companies to form a global business unit among the top three players in the digital security market with €3.5 billion in revenues, the companies announced. The offer price of €51 per share or roughly €4.77 billion ($5.64 billion) from Thales represents a 57 percent premium over Gemalto’s December 8 closing price, and the all-cash offer was approved unanimously by both boards of directors. “The acquisition of Gemalto marks a key milestone in

Thales, SITA to enhance security at Bahrain airport

Bahrain’s Ministry of Transportation and Telecommunications has selected Thales and SITA to provide the security and operations management system — which will include biometrics and other technologies — for Bahrain International Airport. The ministry launched the Airport Modernization Program in 2015 with an end goal to significantly improve Bahrain International Airport’s infrastructure and services. This ongoing program includes the development of a new passenger terminal and the expansion and renovation of the existing terminal. With 14 million passengers a year

Privacy, facial recognition and analyst reports most popular biometrics news

Here’s a recap of the most popular biometrics industry news that appeared on BiometricUpdate this past week. Fingerprints Fingerprints was once again the leading topic for the week’s most popular stories, starting with Beijing-based security technology firm Ola announcing that it developed a Bluetooth-enabled smart entry lock integrated with a Fingerprint Cards FPC1020 capacitive touch fingerprint sensor in the handle. Synaptics Inc. announced that Sharp has selected Natural ID fingerprint sensor to provide secure authentication for its new flagship smartphone

Thales introduces border control solution with facial and iris recognition

French electronic systems firm Thales has developed a border control solution with facial and iris recognition technology that could potentially replace immigration officers in the future, according to a report by The Telegraph. The machines, which were unveiled at last week’s Paris Air Show, are designed to scan passports, print boarding passes, and record an image of the passenger’s face and iris. They can then transmit all of this data to other computers around the airport. The images are stored

Thales awarded with £3.8m contract to secure UK biometric residence card data

Security technology firm Thales announced it has been awarded a new £3.8 million, two-year contract from the UK’s Home Office to provide it what it says is a new, fully-managed public key infrastructure shared service system (PKISS), according to a report by Government Computing. The PKISS system effectively encrypts all biometric and biographic data received from the Home Office to generate the UK’s Biometric Residence Permit (BRP) cards, which are mandatory for all non-EU foreign nationals who want to live

Thales, Orange, awarded French biometric passport contract

Security technology company Thales, in partnership with IT provider Orange Business Services, will support the biometric data acquisition system for French passports. Part of a new civil biometrics program in France, the system currently comprises around 4,000 biometric data collection devices, located throughout government offices in the country. Primarily, say the two companies, the devices capture fingerprints, photographs and biographical information for passport applications. “This new contract has strengthened Thales’s leadership as the French market leader in secure identity solutions,” Marc Darmon, Executive

Thales delivers e-passport system in Uzbekistan with Oberthur Technologies

Thales, in cooperation with Oberthur Technologies has announced its participation in the Uzbekistan e-passport management system project. According to the company, Oberthur Technologies, the prime contractor of this project, selected Thales to deliver the system for the Republic of Uzbekistan’s Ministry of Home Affairs and Ministry of Finance. Reported previously, Oberthur has also closely assisted the Uzbek government in the upgrade of its infrastructures to facilitate passport production. For this project, Thales has supplied 411 biometric data acquisition stations at locations throughout

Thales to exhibit biometric systems at Paris security event

Thales will exhibit at the Cartes exhibition and conference, a leading smart technology event held in Paris that highlights security, payment, identification and mobility. Thales offers complete identity solutions encompassing the collection of biographic and biometric data, secure database management and production, and personalization and the issuance of secure identity documents. Thales will demonstrates its advanced digital fingerprint capture procedure designed to exploit all information collected while the finger is in contact with a sensor. This type of innovative approach