LAS VEGAS, April 23, 2019 /PRNewswire/ -- Remark
Holdings, Inc. (NASDAQ: MARK), a diversified global technology
company with leading artificial intelligence (AI) solutions and
digital media properties, today announced that its facial
recognition algorithm was ranked in the top twenty in the latest
Face Recognition Vendor Test (FRVT)
1:1 evaluation conducted by the U.S. National Institute of
Standards and Technology (NIST).
In the latest FRVT evaluation, Remark's AI facial recognition
product beat out top AI companies in the world, including
billion-dollar unicorns, such as SenseTime and Face++. The
FRVT measured algorithms based on
false non-match rate (FNMR) across several different
datasets. FNMR is the proportion of mated comparisons below a
threshold set to achieve the false match rate (FMR)
specified. FMR is the proportion of impostor comparisons at
or above threshold.
In the Wild Image accuracy test, a subcategory of this FRVT 1:1 evaluation, Remark's AI technology
ranked in the top 14. The Wild Image accuracy test includes images
featuring individuals who were captured from various surveillance
video cameras in a non-cooperative manner. Those images typically
have random issues such as large variation in resolution and other
quality aspects. Therefore, Wild Image recognition is generally
considered the most challenging area for facial recognition
technologies and is also considered one of the key factors to
measure how good the facial recognition performance is in
industrial use cases.
Advanced facial recognition technology is one component of
Remark's AI product offering, which is backed by proprietary
technologies secured by 15 software copyrights and 26
patents. Remark's AI is currently working with a diverse mix
of customers in deploying and testing tailored AI products that tap
into the Company's proprietary technologies, application
flexibility and cost-efficiency to develop solutions for a diverse
mix of markets.
"Our top-twenty ranking on the FRVT directly reflects our investment in
building and perfecting our facial recognition
technology," said Kai-Shing
Tao, Chairman and Chief Executive Officer of Remark
Holdings. "The prestigious recognition is yet another
validation of this key component within our comprehensive AI
product offering. We are continuing to work with a broad
range of partners in developing tailored AI solutions aimed at
addressing issues and improving processes spanning retail,
construction sites, traffic control, restaurants and
entertainment."
Conducted by the NIST, the FRVT is aimed at measurement of the
performance of automated face recognition technologies applied to a
wide range of civil, law enforcement and homeland security
applications including verification of visa images, de-duplication
of passports, recognition across photojournalism images, and
identification of child exploitation victims. Access to the
FRVT results can be found at:
https://www.nist.gov/programs-projects/frvt-11-verification.
About Remark Holdings, Inc.
Remark Holdings, Inc.
(NASDAQ: MARK) delivers an integrated suite of AI solutions that
enable businesses and organizations to solve problems, reduce risk
and deliver positive outcomes. The Company's easy-to-install AI
products are being rolled out in a wide range of applications
within the retail, financial, public safety and workplace arenas.
The Company also owns and operates digital media properties that
deliver relevant, dynamic content and ecommerce solutions. The
Company is headquartered in Las Vegas,
Nevada, with additional operations in Los Angeles, California and in Beijing, Shanghai, Chengdu and Hangzhou, China. For more information, please
visit the Company's website at www.remarkholdings.com.
Forward-Looking Statements
This press release may
contain forward-looking statements, including information relating
to future events, future financial performance, strategies,
expectations, competitive environment and regulation. Words such as
"may," "should," "could," "would," "predicts," "potential,"
"continue," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," and similar expressions, as well as
statements in future tense, identify forward-looking statements.
These statements involve known and unknown risks, uncertainties and
other factors, including those discussed in Part I, Item 1A. Risk
Factors in Remark Holdings' Annual Report on Form 10-K and Remark
Holdings' other filings with the SEC. Any forward-looking
statements reflect Remark Holdings' current views with respect to
future events, are based on assumptions and are subject to risks
and uncertainties. Given such uncertainties, you should not place
undue reliance on any forward-looking statements, which represent
Remark Holdings' estimates and assumptions only as of the date
hereof. Except as required by law, Remark Holdings undertakes no
obligation to update or revise publicly any forward-looking
statements after the date hereof, whether as a result of new
information, future events or otherwise.
Company Contact:
Alison
Davidson
Remark Holdings, Inc.
adavidson@remarkholdings.com
702-701-9514
Investor Relations Contact:
Brad Edwards
The Plunkett Group, Inc.
Brad@ThePlunkettGroup.com
914-582-4187
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SOURCE Remark Holdings, Inc.