EyeLock secures biometric access control distribution deal with IrisScanners
The partnership covers sales of complete iris biometrics access control solutions, as well as integrations by technology-focused companies that want to add touchless, cost effective iris biometric capabilities to their systems. IrisScanners will provide EyeLock’s technology to Indian customers, as well as global customers with primary customer operations in India.
The contract will see EyeLock’s products being sold and delivered in the country through IrisScanners’ extensive distribution network. With the agreement, IrisScanners gains distribution rights for the entire Eyelock product line, including the iXT iris scanning device and biometric logical access product EyeLock ID.
According to a press release from EyeLock, the move will also enable IrisScanners to specifically target emerging technology-based firms looking to deploy touchless iris biometric products within their systems.
“We are very pleased to have access to the EyeLock brand which will enable us to meet the strong need for this technology in India,” said Ronak Jani, Managing Director of IrisScanners. “Our long-term success in the biometric and physical security solutions market requires very visible brands with proven hardware and software solutions. Being able to offer Eyelock to our vast customer base will have a very positive impact on our future success.”
EyeLock CEO Jeff Carter says the deal positions the company as a leader in the Indian biometrics market, and that high demand in India will provide it with new revenue streams.
The partnership comes at a time of sharp decline of touch-based biometric solutions, sparked by the pandemic and an ensuing need for contactless solutions to avoid the spread of the COVID-19 virus.
This, in turn, sparked significant growth in the deployment of security systems utilizing touchless biometric access modalities such as iris, as well as face recognition tools capable of identifying individuals wearing face-masks.
The growth is confirmed by the apparent substantial growth in revenue for EyeLock in 2020, with the company’s parent reporting an increase of net sales by 83 percent in the fiscal third quarter of 2021.