corporate news

ImageWare Raises Capital Through Private Placement, Debt Conversion

ImageWare Raises Capital Through Private Placement, Debt Conversion

“We are extremely pleased with the financial commitment that our new investors and our existing debt holders have shown in support of the Company’s efforts through this financing and debt conversion. The proceeds from the Series C Financing will enable us to expand our sales and marketing efforts.” – Jim Miller, CEO, ImageWare ImageWare has…

FPC Alleges Patent Infringement Against Goodix

FPC Alleges Patent Infringement Against Goodix

Fingerprint Cards has filed a complaint with the Beijing Intellectual Property Court over alleged patent infringement by Shenzhen based Goodix Technology Co. In announcing the complaint, FPC offered few details concerning its specific allegations against Goodix, explaining only that “some of the fingerprint sensing chips” sold by Goodix violate one of FPC’s patents. In appealing…

New Zwipe Partnerships VP Brings Payments Sector Experience

New Zwipe Partnerships VP Brings Payments Sector Experience

Zwipe‘s executive team has a new appointee with considerable experience in the payments sector. Marcio Stervid, the company’s new VP of Strategic Partnerships and Alliances, comes to Zwipe from a previous role as the head of Strategic Partnerships for secure payment solutions provider AltaPay, a position he held for just under a year and a…

Thales’ Gemalto Acquisition Cleared by Committee on Foreign Investment in the United States.

Thales’ Gemalto Acquisition Cleared by Committee on Foreign Investment in the United States.

“They have also received antitrust clearances from China, Israel, and Turkey; all told, they have received six of the 14 regulatory clearances needed from authorities around the world in order for the merger to happen.” Thales and Gemalto have cleared another major hurdle as they race toward their desired merger: Thales’ acquisition of Gemalto has…

VerifyMe’s HP Indigo Partnership Pays Off

VerifyMe’s HP Indigo Partnership Pays Off

VerifyMe‘s partnership with HP Indigo is starting to pay dividends, as anticipated. The company announced that it has teamed up with Chicago-based packaging provider Nosco, Inc. via a co-marketing and licensing agreement. Through the agreement, the latter can now offer clients VerifyMe RainbowSecure, a specialized ink solution that allows for the covert tracing of packaging…

Distribution Agreement to See China-Made Facial Recognition Marketed to US Gov’t

Distribution Agreement to See China-Made Facial Recognition Marketed to US Gov’t

A new distribution agreement is poised to deliver China-made facial recognition technology to the United States. The technology is made by Weibridge, a Shanghai-based firm, which has agreed to license its biometric technology to Advanced Technology Group, a division of Universal Power Industry Corporate (UPIC). In the US, Advanced Technology Group will promote Weibridge’s facial…

BIO-key’s Share Offering Delivers More Capital Than Anticipated

BIO-key’s Share Offering Delivers More Capital Than Anticipated

BIO-key‘s share offering did better than expected, bringing in gross proceeds of $2.1 million. The move was announced last week, with BIO-key putting forward an underwritten offering of 1,200,000 shares of common stock together with warrants to purchase up to 900,000 more. The offering was closed on August 24th, with BIO-key announcing that it had…

NEC Takes a Stake in Iris Specialist Tascent

NEC Takes a Stake in Iris Specialist Tascent

NEC appears to have taken a significant stake in California-based iris biometrics specialist Tascent, announcing a new investment in the firm. In a statement announcing the investment, NEC did not disclose its size or value, but a subsequent press release from Tascent confirmed NEC’s participation in a $19.5 million series B funding round which the…

New Behavioral Biometrics Offerings Reflect Plurilock Growth

New Behavioral Biometrics Offerings Reflect Plurilock Growth

“Plurilock Aware is a system offering “real-time endpoint visibility and human telemetry” for biometric analysis, according to a statement from the company; while Plurilock Defend is designed to offer continuous endpoint detection and response capabilities, running in the background.” Plurilock‘s growth phase continues, with the company now announcing new product offerings. The products revolve around…

Biometrics Consultant Gets High Ranking in Inc. 5000 List

Biometrics Consultant Gets High Ranking in Inc. 5000 List

“The firm acts as a consultancy on biometric identity management systems, and also offers field deployment support and integration services for logical and physical access control systems.” Biometric solutions provider Dignari has attained a high ranking in Inc. Media’s “Inc. 5000” list, the company has announced. It’s a listing of the fastest-growing private companies in…

BIO-key Expects Share Offering to Bring in $1.8M Gross

BIO-key Expects Share Offering to Bring in $1.8M Gross

BIO-key is looking to raise some capital with a new share sale. The company has announced an underwritten offering of 1,200,000 shares of common stock, together with “warrants to purchase up to an aggregate of 900,000 shares” of common stock at a price of $1.50 per share, according to a statement. The warrants can be…

Former Ping An Executive Becomes Senior Advisor to autonomous_ID

Former Ping An Executive Becomes Senior Advisor to autonomous_ID

“I think that autonomous_ID has a technology platform that is perfectly timed and will truly transform how ‘the me’ interacts with connected things.” -Daniel Tu, Executive Advisor to the Chairman, autonimous_ID Biometric wellness and identification specialist autonomous_ID has a new expert on hand to advise senior management: Daniel Tu, the former group chief innovation officer of…

SureID Re-emerges from Corporate Shakeup

SureID Re-emerges from Corporate Shakeup

After a big corporate shakeup, SureID is looking to get back on track under new management. The Oregon-based company, which offers identity authentication solutions to the enterprise and government markets, has seen a tumultuous few years after losing a US Navy contract that had been a key base of revenue. Hundreds of jobs were cut…

FacePhi Expands Reach with Bantotal Partnership

FacePhi Expands Reach with Bantotal Partnership

“…FacePhi has emerged as a leader in the Latin American market in particular, reporting a 307 percent year-over-year profit increase in its corporate update at the start of this year.” A new distribution partner should help to further extend FacePhi‘s reach in the Latin American market. The company has teamed up with Bantotal, a Uruguay-based…

Argentina-Based Card Manufacturer Becomes SmartMetric Distribution Partner

Argentina-Based Card Manufacturer Becomes SmartMetric Distribution Partner

“News of the partnership comes soon after SmartMetric’s announcement of a “breakthrough” in its technology pertaining to the heat resistance of its biometric card’s rechargeable battery.” SmartMetric has a new distribution partner for its biometric card solution: GPC, for ‘General Plastic Corp’, an Argentina-based plastic card manufacturer. Announcing the sales and distribution agreement in a…

IDEX Reports ‘Extremely Strong Interest’ in Biometric Card Tech in Q2 Update

IDEX Reports ‘Extremely Strong Interest’ in Biometric Card Tech in Q2 Update

IDEX has issued its Q2 results for 2018. The period saw revenues of NOK 289,000, compared to revenues of about NOK 4.7 million in Q2 of 2017. Its net result for the period had improved year-over-year, however, with the company reporting a loss of NOK 65,156,000 for Q2 of this year, compared to a loss…

FaceTec Appoints Biometrics Industry Expert Steve Cook to Executive Team

FaceTec Appoints Biometrics Industry Expert Steve Cook to Executive Team

“In a statement announcing Cook’s appointment, FaceTec emphasized his work consulting with banks on compliance with PSD2, the European Union’s major new payments regulation, and particularly its Strong Customer Authentication requirement.” A big new executive appointment could help FaceTec to promote its ZoOm facial recognition system in the Europe, Middle East, and Africa markets. Steve…

Precise Biometrics Chairman Charts Rise of Optical, Ultrasonic Sensors, Biometric Cards in Q2 Update

Precise Biometrics Chairman Charts Rise of Optical, Ultrasonic Sensors, Biometric Cards in Q2 Update

“Commenting on the results, Precise Biometrics chairman Torgny Hellström highlighted the rise of optical and under-glass fingerprint sensors in mobile devices, noting that Precise Biometrics’ algorithm software had been used in the recently launched Huawei Honor 10, a market success.” Precise Biometrics has issued its results for the second quarter and the first half of…

BIO-key CEO Keeps Focus on Year-End in Q2 Update

BIO-key CEO Keeps Focus on Year-End in Q2 Update

BIO-key didn’t see as much business in the second quarter as its leadership had anticipated, but its net loss has improved in the company’s latest fiscal update. Revenues for the quarter came in at $748,141, down from $886,881 in Q2 of 2017. In a statement announcing the results, BIO-key said the decline was “due principally…

BIO-key to Issue Q2 Update Ahead of Market Open on August 14

BIO-key to Issue Q2 Update Ahead of Market Open on August 14

BIO-key has set a date for the publication of its Q2 results: They will be issued on Tuesday, August 14th, along with an outlook for the months ahead. The company’s quarterly results will be published before the market opens, with a conference call slated to begin at 10:00 AM ET. The call will feature senior…

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