Helios & Matheson Analytics & RedZone Acquire License to Facial Recognition Technology from Israeli Biometrics Technology Com...
May 23 2017 - 8:00AM
Business Wire
RedZone MapTM to Integrate
Facial Recognition Technology with Its Proprietary Artificial
Intelligence Solution to Enhance Situational Awareness
Helios and Matheson Analytics Inc. (NASDAQ:HMNY) and RedZone,
creator of the RedZone Map™ navigation app, a tool for situational
awareness and enhancement of personal safety, announced today that
Helios and Matheson Analytics has acquired global licensing rights
to IsItYou’s facial recognition technology in the field of crime
and terrorism for integration with RedZone Map.
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RedZone acquires licensing worldwide for
Facial Recognition Technology (Photo: Business Wire)
RedZone plans to integrate RedZone Map’s artificial intelligence
technology and proprietary real-time crime database with IsItYou’s
facial recognition technology. Through the integration of IsItYou
and RedZone Map, RedZone plans to enable RedZone Map users to
identify persons whose image they are able to capture on the user’s
smartphone camera or video, if the identification can be obtained
through RedZone’s available data sources and artificial
intelligence technology.
In the future, RedZone plans to develop the capability of
delivering real-time notifications of criminally active individuals
in a user’s area – such as large events or public spaces, by
seeking permitted access to publicly located surveillance cameras
operated by private enterprises or government entities.
RedZone expects that the integration of IsItYou’s facial
recognition technology with RedZone’s real time crime map will
further enhance the personal safety of its users in the United
States and internationally.
“Through artificial intelligence and facial recognition
technology, we will seek to develop the capability to identify
dangerous people entering an area and notify our users in real
time,” said Ted Farnsworth, founder of RedZone. “Sending
notifications to our users of when their safety is more likely at
risk, whether at a concert, in a shopping mall, or simply walking
down the street, would greatly increase the utility of RedZone Map
to our users. This is a key goal in our continuing development of
RedZone Map.”
RedZone has begun integrating and plans to continue integrating
the facial recognition technology with its real-time
crime/navigation app over the coming months.
About RedZone Map
RedZone (Zone Technologies, Inc.) is a state-of-the-art mapping
and spatial analysis company with operations in the U.S. and
Israel. It has created a community-based ecosystem that features a
socially empowered safety map app that enhances mobile GPS
navigation using advanced proprietary technology to guide users to
their destinations, giving them a choice of a safer route vs. a
riskier route. The app incorporates a social media component, which
allows for “it’s happening now” crime reporting coupled with
real-time crime data from more than 1,400 local, state, national
and global sources. RedZone Map is currently available to iOS and
Android users. More information is available on the RedZone
Map website. Zone Technologies, Inc., a wholly-owned subsidiary of
Helios and Matheson Analytics, Inc. (NASDAQ:HMNY) is the creator of
RedZone Map.
About Helios and Matheson
Helios and Matheson Analytics Inc. (NASDAQ:HMNY) provides
information technology consulting, training services, software
products and an enhanced suite of services of predictive analytics.
Servicing Fortune 500 corporations and other large organizations,
HMNY focuses mainly on BFSI technology verticals. HMNY’s solutions
cover the entire spectrum of IT needs, including applications,
data, and infrastructure. HMNY is headquartered in New York, NY,
and listed on the NASDAQ Capital Market under the symbol HMNY. For
more information, visit us www.hmny.com.
Cautionary Statement on Forward-looking Information
Certain statements in this communication contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 or under Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended (collectively, “forward-looking statements”) that
may not be based on historical fact, but instead relate to future
events, including without limitation statements containing the
words “believe,” “may,” “plan,” “will,” “estimate,” “continue,”
“anticipate,” “intend,” “expect” and similar expressions. All
statements other than statements of historical fact included in
this communication are forward-looking statements.
Such forward-looking statements are based on a number of
assumptions. Although HMNY’s management believes that the
assumptions made and expectations represented by such statements
are reasonable, there can be no assurance that a forward-looking
statement contained herein will prove to be accurate. Actual
results and developments may differ materially from those expressed
or implied by the forward-looking statements contained herein and
even if such actual results and developments are realized or
substantially realized, there can be no assurance that they will
have the expected consequences or effects. Risk factors and other
material information concerning HMNY are described in its Annual
Report on Form 10-K, as amended, for the fiscal year ended December
31, 2016, and any subsequent current and periodic reports,
information statements and registration statements filed with the
U.S. Securities and Exchange Commission. You are cautioned to
review such reports and other filings at www.sec.gov.
Given these risks, uncertainties and factors, you are cautioned
not to place undue reliance on such forward-looking statements and
information, which are qualified in their entirety by this
cautionary statement. All forward-looking statements and
information made herein are based on HMNY’s current expectations
and HMNY does not undertake an obligation to revise or update such
forward-looking statements and information to reflect subsequent
events or circumstances, except as required by law.
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version on businesswire.com: http://www.businesswire.com/news/home/20170523005808/en/
The Pollack PR Marketing GroupStephanie Goldman,
310-556-4443sgoldman@ppmgcorp.comorMark Havenner,
310-556-4443mhavenner@ppmgcorp.com
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