- Email: [email protected]
Lockheed and Cognitec to cooperate
BUSINESS WATCH financial results
company news
C O M PA N Y N E W S • AGNITIO, a voice biometrics company headquartered in Madrid, Spain, has appointed Sapna Capoor as director of Corporate Development and Strategy (Global Markets). Prior to working with AGNITIO, Capoor was the Global Biometrics program manager at Frost and Sullivan. In her new role she is expected to help develop the company’s core strategies to penetrate new commercial markets and geographic regions.
• IdentiPHI has announced its expansion with the opening of an office in Paris. The company intends to address the growing needs of the European market for identity and authentication (access management) products and solutions. Following the growth of the identity security market in EMEA, IdentiPHI hopes that the new move will enable it to more closely serve a growing European customer base, and support overall goals for expansion.
• Senture Security Solutions has been selected by Lockheed Martin to support the national implementation of the Transportation Worker Identification Credential (TWIC). The TWIC is expected to enhance port security by requiring workers with unescorted access to secure areas of regulated vessels and maritime facilities to successfully complete a security threat assessment and have a biometric identification credential. Under the terms of the subcontract, Senture will establish enrolment centres within close proximity to maritime ports, where applicants will apply and enrol for their secure credential.
• BIO-key International has announced its financial results for the third quarter ended 30 September 2007. Total revenue for this quarter was US$2.2 million, a 27% decrease from the US$3.0 million reported for the corresponding period in 2006. Third quarter 2007 revenue was impacted by delays in follow-on orders from several law enforcement customers but the company saw a significant improvement in the performance of its biometrics business and forecasts a strong outlook for biometrics revenue.
Lockheed and Cognitec Increased revenue for to cooperate ImageWare
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ockheed Martin and Cognitec have announced that they have signed a cooperation agreement. A major systems integrator, Lockheed Martin is focusing its efforts in the biometrics industry on integrating a range of biometrics technologies allowing customers to incorporate multiple biometrics techniques – including fingerprint, facial and iris scanning – into their operations. This deal comes hot on the heels of another co-operation agreement (announced in last month’s BTT) which saw the integrator team up with iris recognition company IriTech. In May 2007, Lockheed opened its Biometric Experimentation and Advanced Concepts (BEACON) facility in White Hall to serve as a collaborative centre to develop integrated biometrics solutions. Through this agreement the company, which reported sales of US$39.6 billion in 2006, hopes to further advance its capabilities and offerings in biometrics solutions. According to Bob Eastman, Lockheed Martin Vice President, Information Systems, “Biometrics is an increasingly important technology area for our customers in intelligence, defense, law enforcement and homeland security. This cooperation agreement will improve our ability to offer our customers a complete and fully-integrated portfolio of biometrics technologies. We’re also committed to helping small, innovative businesses such as Cognitec continue to advance the state-of-the-art in biometrics technology in an open and collaborative marketplace.” Cognitec Systems is the developer of FaceVACS. The facial recognition technology has been in development since 1995 and has been tested and proven in a number of independent evaluations, including the Face Recognition Vendor Tests in 2002 and 2006. Alfredo Herrera, Cognitec Systems CEO, noted: “We are excited about this cooperation with Lockheed Martin, which reinforces our commitment to provide leading-edge facial recognition technology to our customers. We look forward to working with Lockheed Martin to integrate and deploy our technology in a variety of important biometrics projects.” Contact: Matt Kramer at Lockheed Martin,Tel: +1 703 293 4333; Email: [email protected]
6
Biometric Technology Today
I
mageWare Systems has reported its financial results for the third quarter and nine months ended 30 September 2007 with increased revenue of 61% compared to the same period last year. Total revenues for the third quarter 2007 were US$3.5 million, compared to US$1.8 million for the second quarter 2007 and US$2.2 million for the third quarter 2006. Net income for the third quarter totalled US$425 000, compared to a net loss of US$1.4 million for the second quarter of 2007 and a net loss of US$1.8 million in the third quarter of 2006. The revenue increase has been largely attributed to the company’s US$1.7 million award from the US Department of Veterans Affairs (VA). According to Jim Miller, ImageWare’s chairman and chief executive officer: “Higher project-oriented revenues of our Homeland Security Presidential Directive 12 (HSPD-12) solutions and biometric engine solution drove a 61% increase in total revenues over last year’s third quarter.
financial results
Historic results for Bioscrypt
B
ioscrypt has announced its financial results for the third quarter ended 30 September 2007 with the highest quarterly revenue in its history. The company’s third quarter revenue of US$5.2 million increased by 36% from the US$3.8 million reported during the same period in the previous year. Product sales represented 91% of total revenue with sales of the MV Series units representing 39% of product revenue; sales of Veri-Series products representing approximately 57% of product revenue and 3D Vision face readers representing approximately 4% of product revenue. During this quarter a multinational biopharmaceutical company chose Bioscrypt’s 3D facial recognition solution to secure its new international administration and production centres and Mexico City International Airport implemented Bioscrypt’s Identity and Access Management Solution in a new state-of-the-art terminal. Bioscrypt’s V-Station MIFARE was also placed on the TSA's Qualified Products List and the company introduced a new biometric reader, the PIV-Station.
January 2008
company news
C O M PA N Y N E W S • AGNITIO, a voice biometrics company headquartered in Madrid, Spain, has appointed Sapna Capoor as director of Corporate Development and Strategy (Global Markets). Prior to working with AGNITIO, Capoor was the Global Biometrics program manager at Frost and Sullivan. In her new role she is expected to help develop the company’s core strategies to penetrate new commercial markets and geographic regions.
• IdentiPHI has announced its expansion with the opening of an office in Paris. The company intends to address the growing needs of the European market for identity and authentication (access management) products and solutions. Following the growth of the identity security market in EMEA, IdentiPHI hopes that the new move will enable it to more closely serve a growing European customer base, and support overall goals for expansion.
• Senture Security Solutions has been selected by Lockheed Martin to support the national implementation of the Transportation Worker Identification Credential (TWIC). The TWIC is expected to enhance port security by requiring workers with unescorted access to secure areas of regulated vessels and maritime facilities to successfully complete a security threat assessment and have a biometric identification credential. Under the terms of the subcontract, Senture will establish enrolment centres within close proximity to maritime ports, where applicants will apply and enrol for their secure credential.
• BIO-key International has announced its financial results for the third quarter ended 30 September 2007. Total revenue for this quarter was US$2.2 million, a 27% decrease from the US$3.0 million reported for the corresponding period in 2006. Third quarter 2007 revenue was impacted by delays in follow-on orders from several law enforcement customers but the company saw a significant improvement in the performance of its biometrics business and forecasts a strong outlook for biometrics revenue.
Lockheed and Cognitec Increased revenue for to cooperate ImageWare
L
ockheed Martin and Cognitec have announced that they have signed a cooperation agreement. A major systems integrator, Lockheed Martin is focusing its efforts in the biometrics industry on integrating a range of biometrics technologies allowing customers to incorporate multiple biometrics techniques – including fingerprint, facial and iris scanning – into their operations. This deal comes hot on the heels of another co-operation agreement (announced in last month’s BTT) which saw the integrator team up with iris recognition company IriTech. In May 2007, Lockheed opened its Biometric Experimentation and Advanced Concepts (BEACON) facility in White Hall to serve as a collaborative centre to develop integrated biometrics solutions. Through this agreement the company, which reported sales of US$39.6 billion in 2006, hopes to further advance its capabilities and offerings in biometrics solutions. According to Bob Eastman, Lockheed Martin Vice President, Information Systems, “Biometrics is an increasingly important technology area for our customers in intelligence, defense, law enforcement and homeland security. This cooperation agreement will improve our ability to offer our customers a complete and fully-integrated portfolio of biometrics technologies. We’re also committed to helping small, innovative businesses such as Cognitec continue to advance the state-of-the-art in biometrics technology in an open and collaborative marketplace.” Cognitec Systems is the developer of FaceVACS. The facial recognition technology has been in development since 1995 and has been tested and proven in a number of independent evaluations, including the Face Recognition Vendor Tests in 2002 and 2006. Alfredo Herrera, Cognitec Systems CEO, noted: “We are excited about this cooperation with Lockheed Martin, which reinforces our commitment to provide leading-edge facial recognition technology to our customers. We look forward to working with Lockheed Martin to integrate and deploy our technology in a variety of important biometrics projects.” Contact: Matt Kramer at Lockheed Martin,Tel: +1 703 293 4333; Email: [email protected]
6
Biometric Technology Today
I
mageWare Systems has reported its financial results for the third quarter and nine months ended 30 September 2007 with increased revenue of 61% compared to the same period last year. Total revenues for the third quarter 2007 were US$3.5 million, compared to US$1.8 million for the second quarter 2007 and US$2.2 million for the third quarter 2006. Net income for the third quarter totalled US$425 000, compared to a net loss of US$1.4 million for the second quarter of 2007 and a net loss of US$1.8 million in the third quarter of 2006. The revenue increase has been largely attributed to the company’s US$1.7 million award from the US Department of Veterans Affairs (VA). According to Jim Miller, ImageWare’s chairman and chief executive officer: “Higher project-oriented revenues of our Homeland Security Presidential Directive 12 (HSPD-12) solutions and biometric engine solution drove a 61% increase in total revenues over last year’s third quarter.
financial results
Historic results for Bioscrypt
B
ioscrypt has announced its financial results for the third quarter ended 30 September 2007 with the highest quarterly revenue in its history. The company’s third quarter revenue of US$5.2 million increased by 36% from the US$3.8 million reported during the same period in the previous year. Product sales represented 91% of total revenue with sales of the MV Series units representing 39% of product revenue; sales of Veri-Series products representing approximately 57% of product revenue and 3D Vision face readers representing approximately 4% of product revenue. During this quarter a multinational biopharmaceutical company chose Bioscrypt’s 3D facial recognition solution to secure its new international administration and production centres and Mexico City International Airport implemented Bioscrypt’s Identity and Access Management Solution in a new state-of-the-art terminal. Bioscrypt’s V-Station MIFARE was also placed on the TSA's Qualified Products List and the company introduced a new biometric reader, the PIV-Station.
January 2008