NEW YORK, June 2, 2020 /PRNewswire/ -- EyeLock
LLC, a leader of iris recognition-based identity
authentication solutions, announced today that it has secured a
global partnership with CMITech Company, Ltd. of South Korea. This partnership will broaden the
accessibility of iris technology for the global market and enable
EyeLock to introduce new interoperable products which complement
and expand capabilities of its existing product line. Furthermore,
the strategic collaboration will allow CMITech to leverage
EyeLock's extensive distribution network for access control
solutions – targeting market opportunities where companies seek a
superior security solution that is privacy-friendly, easy to use
and contactless.
"Our partnership with CMITech is a first in the biometric
industry. Never have two market leaders in iris recognition joined
forces to produce innovative solutions for mass deployment. With
EyeLock's extensive global distribution channel, state-of-the-art
algorithms and software platform, this partnership will create
greater accessibility for these technologies around the world,"
said Jeff Carter, CEO of EyeLock.
Mr. Carter added, "CMITech's proven track record of designing and
manufacturing iris recognition cameras is a perfect complement to
EyeLock's integrated solution and leadership in core algorithm
development."
The scope of the agreement grants EyeLock exclusive distribution
rights for physical access control applications from CMITech in
North and South America, and
non-exclusive rights in the rest of the world, with some
exceptions. Products under this arrangement, branded EyeLock, will
contain advanced features of CMITech cameras and utilize EyeLock's
ground-breaking iris recognition algorithm. In addition, solutions
will be customized for full compatibility with EyeLock's EIS™
identity management software platform. EyeLock iris recognition
technology will provide unmatched biometric accuracy, making it the
most proven way to authenticate identity, aside from DNA.
The COVID-19 pandemic has propelled touchless biometrics into
the spotlight, especially iris recognition that allows
identification of persons wearing face masks. ABI research predicts
that "COVID-19 will have a significant impact on future biometric
applications across different markets and verticals worldwide.
Contact-only applications are likely to suffer in certain areas,
including enterprise, healthcare, border control, and generally any
use case scenario that deals with workforce management and access
control. Vendors will rethink fingerprint and vein verification
modalities and governments will try to give additional emphasis to
face and iris technologies.*" The partnership with CMITech
demonstrates that EyeLock is evolving its business approach to meet
the customer needs of today and tomorrow.
"We are very pleased to partner with EyeLock and combine forces
in our industry. Success in the physical access control and other
markets requires strong application software as well as sales
channel and service support resources, which EyeLock has in
abundance globally," said Phil Tusa,
COO of CMITech. "This allows CMITech to concentrate our R&D
resources to maintain our leadership in contactless and hands-free
biometrics imaging products."
*ABI Research
About CMITech
CMITech is a leading developer of high
performance, cost effective iris recognition systems for the global
biometrics and secure identity assurance markets. Founded in 2009
by Dr. JJ Chae, a true pioneer in the field of iris recognition
biometrics, CMITech's vision is to develop a range of iris
recognition products that combine outstanding usability with
exceptional quality and performance. CMITech's compact, robust
systems are suitable for the widest range of applications,
including large scale enrollment programs, immigration and border
control, law enforcement, healthcare, financial services and access
control. See www.cmi-tech.com.
About EyeLock
EyeLock LLC, a subsidiary of VOXX
International Corporation (NASDAQ: VOXX), is an acknowledged leader
in advanced iris authentication solutions, providing the highest
level of security with EIS application software and EyeLock ID
technologies. Because the iris contains much more unique identity
information than any other biometric, with the exception of DNA, it
is the most accurate real-time human identifier. In addition, no
two irises are alike, not even in identical twins, so iris is most
suitable for the highest security applications. The Company's
significant IP portfolio, including more than 75 patents and
another 30 still pending, enables the convenient and secure
authentication of individuals across physical and logical
environments. EyeLock's solutions have been integrated and embedded
across numerous consumer and enterprise products and platforms,
eliminating the need for PINs and passwords. Many Fortune 500
corporations already benefit from the highest levels of security
derived from EyeLock's solutions, due in part to their extremely
low false acceptance rate, ease of use, and scalability. For more
information, please visit: eyelock.com.
About VOXX International Corporation
VOXX
International Corporation (NASDAQ: VOXX) has grown into a
worldwide leader in Automotive Electronics and Consumer
Electronics, with emerging Biometrics technology to capitalize on
the increased need for advanced security. Over the past several
decades, with a portfolio of over 30 trusted brands, VOXX has built
market-leading positions in in-vehicle entertainment, automotive
security, reception products, a number of premium audio market
segments, and more. VOXX is a global company, with an extensive
distribution network that includes power retailers, mass
merchandisers, 12-volt specialists and many of the world's leading
automotive manufacturers. For additional information, please visit
our website at www.voxxintl.com.
VOXX International and EyeLock Media Contacts:
Larissa
Goulding
Email: LGoulding@voxxintl.com
Glenn Wiener, GW
Communications
Email: gwiener@GWCco.com
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SOURCE EyeLock, LLC