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Frost & Sullivan Honors IriTech for Leading Iris Biometrics to New Frontiers in Mobile, AR/VR and Automotive Markets

2017-08-01 21:00
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IriTech's low-cost, high-performance iris biometric solutions open up new markets

SANTA CLARA, California, Aug. 1, 2017 /PRNewswire/ -- Based on its recent analysis of the new trends in the iris biometric industry, Frost & Sullivan recognizes IriTech, Inc. with the 2017 North American Frost & Sullivan Award for New Product Innovation. Iris biometrics has long been used by governments and world organizations like the United Nations High Commission for Refugees (UNHCR) to maintain a high security level for immigration, military, National ID, Refugee ID, and defense applications. Its usage has recently been expanded to consumer markets with the advent of mobile devices and special-purpose hardware like AR/VR and automotive devices. As a pioneer in the industry, IriTech took the leadership role in developing the leading-edge technology and products for the new markets and making it more affordable and accessible to end users around the world. IriTech's iris hardware and software are being used by many large-scale projects run by the likes of the Unique Identification Authority of India (UIDAI), the UNHCR, the US Government, the Kenyan Government, and the Colombia Police.

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"A significant advantage of IriTech's biometric solution is that it works under direct sunlight at extended side-gazing angle and it offers built-in iris liveness detection. These are some of key factors for the application of iris identification in emerging vertical markets such as mobile devices, automobiles, and augmented reality/virtual reality," said Frost & Sullivan Research Analyst Mike Valenti.

Customers of the IriTech biometric solutions have found that its technology addresses their unique needs and constraints. The company achieves this feat by doing all hardware and software developments in-house to leverage its technical prowess to the fullest. The company has recently unveiled a new innovative device named Gemini that captures iris and face images simultaneously only at a glance. It is offered not only as a stand-alone or networked device but also as a component module to be integrated into larger systems like kiosk, gateway and ATM machines. Its chameleon-like adaptability is especially well-received by the company's diverse customer base. The company also offers various embedded iris biometric solutions.

IriTech has been playing a leading role in supporting the UIDAI's Aadhaar project to provide more than 1.2 billion Indian citizens with unique ID. For this project, the iris recognition cameras have to be small, interoperable with diverse host devices (including mobile phones, tablets, laptops, and desktop computers), and be low-cost due to the large volumes of IDs required. IriTech met all of these requirements with its IriShield™ with remarkable accuracy.

IriTech's devices and solutions are well known for their swiftness and simplicity, which is IriTech's hallmark. Overall, the IriTech solution is uniquely positioned for sustained success because it addresses the core issues of quality, functionality, and reliability in the iris biometrics.

Each year, Frost & Sullivan presents this award to the company that has developed an innovative element in a product by leverage leading-edge technologies. The award recognizes the value-added features and benefits of the product and the increased ROI it gives customers, which in turn increases customer acquisition and overall market penetration potential.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.

About IriTech, Inc.

Since its establishment in 2000, IriTech, Inc. has been focusing on developing the most advanced iris recognition technology and products. Its iris matching algorithm was top ranked by NIST's IREX test and widely used by several US government agencies. IriTech is the only vendor achieving all three STQC certifications on iris cameras for enrollment, authentication, and mobile devices for the Indian government's UIDAI project—an ambitious plan to issue biometric ID cards to 1.2 billion residents. Those cameras have also been used by UNHCR, UN WFP, US Army, and many other customers globally. For more information, please visit www.iritech.com.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector, and the investment community. Contact us: Start the discussion.

Contact:

Dr. Tommy Phan,
VP of Business Development,
IriTech, Inc.,
11166 Fairfax Blvd., Suite 302,
Fairfax, VA 22030, USA.
Tel: +1-703-877-2135 Fax: +1-703-877-2136
Email: pthtruc@iritech.com

 

Source: Frost & Sullivan
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