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partnership

Precise Biometrics makes Nigerian links

Precise Biometrics has entered into a strategic partnership with

Interswitch - an African financial solu-tions provider based in Nigeria. The aim is to supply fingerprint recognition with Precise Match-on-Card to bank applications. The partnership is already engaged in a first project, which is expected to provide license sales at a minimum of E200,000 in 2009.

The partnership between Precise Biometrics and Interswitch aims at building and promoting

target Nigeria, which recently decided to replace magstripe bank cards with smart cards in order to gradually eliminate fraud. The government deadline to replace all magstripe cards with chip-based smart cards is 31 December 2009.

To enable banks to migrate faster, Interswitch has introduced the Verve card into the market. The Verve card has both international and local security features, and through Interswitch’s partnership with Precise Biometrics, it also includes fingerprint rec-

Chief Executive Officer of Interswitch states: “We are pleased to enter into this partnership, as Precise Biometrics is the leading provider

believe that our joint efforts and technological know-how will have great commercial poten-

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Card solution gives us a positive differentia-tion from biometric solutions that are relying on databases or external servers.”

partnership

Softpro signs Dutch science deal

The Netherlands Forensic Institute (NFI), a departmental agency of the Dutch

Ministry of Justice, has selected Softpro as a partner in the research and develop-ment of innovative tools focusing on the science of verifying signatures.

The organizations plan to cooperate on research projects for the advancement of signa-

ture verification. Research topics will include enhanced methods and tools for aiding forensic experts, cleaning of signatures (filter image components which do not belong to signa-tures), signature complexity analysis and sophis-ticated detection of forgeries.

Elisa van den Heuvel, forensic scientist at the NFI said: “We have screened several vendors for a potential partnership. We choose Softpro to collaborate with because Softpro has gained an outstanding expertise over the course of many real world applications concerning signature verification. We share the same goal: to achieve the most accurate, empirical and deterministic verification of handwritten signatures possible.”

In the future the NFI has said that it might leverage Softpro’s technology to aid forensic

efficiently. Vice versa the NFI will share its expertise with Softpro to be reflected in upcom-ing releases of Softpro’s fraud prevention and signature verification suite SignPlus.

financial results

CIC results hold steady

Signature technology company Communication Intelligence

Corporation (CIC) has announced its financial results for the three and six-month periods ended 30 June 2009.

Total revenues for the three months ended 30 June 2009 were US$404,000 compared to revenues of US$407,000 in the corresponding prior year period. Orders for the three month period, however, were US$930,000, which was US$526,000 higher than revenue recognizable for that period and 75% of such orders are expected to be recognized as revenue in the last half of the year. Revenues were primarily attrib-

On Credit and Wells Fargo Bank.The operating loss for the three months ended

30 June 2009 was US$660,000, compared to an operating loss of US$743,000 in the prior year period. The decrease in operating loss is due pri-marily to a decrease in operating expenses.

Total revenues for the six months ended 30 June 2009 were US$650,000 compared to revenues of US$837,000 in the corresponding prior year period. The operating loss for this period was US$1,582,000, compared to an operating loss of US$1,393,000 in the prior year comparable period. The increase in oper-ating loss is due to the decrease in revenues over the six month period.

Biometric Technology Today September 2009

C O M P A N Y N E W S

L-1 Identity Solutions has received new orders totalling US$9.6 million for HIIDE and PIER mobile biometric rec-ognition systems to be deployed in areas of conflict as part of existing customer agreements. Two thirds of the HIIDE order and all of the PIERs are expected

-ing HIIDEs will be shipped in Q4 2009. The order was received by the Biometrics

SecuGen and Valid Technologies have announced a technology and marketing partnership to deliver user authentication solutions to IBM enterprise computing

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family of biometric fingerprint readers.

on multiple enterprise platforms, includ-

or replace password-based domain logons with biometric user authentication.

Human Recognition Systems (HRS) has

at self-build hub BuildStore, investment company F&C’s UK Select Trust and property company Economic Lifestyle Property Investment CompanyHe has recently stepped down as Chairman of the UNITE Group.

Cogent Systems has announced its financial

US$31.8 million, an increase of 22% over revenue of US$26.0 million in the same

US$8.5 million, or US$0.09 per diluted

of US$7.2 million, or US$0.08 per diluted share in the same year-ago period. The company anticipates decisions on several key awards over the next six months, and has said that it will continue to pursue new opportunities as the demand for biometric solutions continues to grow worldwide.

Pilling to be the country’s first Identity Commissioner. He will take up his appoint-ment in October in time for the issue of ID

BUSINESS WATCH