NEW YORK, Aug. 2, 2017 /CNW/ -- EyeLock LLC, a leader
of iris-based identity authentication solutions and a majority
owned subsidiary of VOXX International Corporation (NASDAQ: VOXX),
today announced that it has entered into a license agreement with
Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated,
for Qualcomm® Mobile Security. EyeLock is developing iris
authentication solutions that are designed to work with Qualcomm
Mobile Security and enable OEMs across the entire IoT spectrum to
benefit from one of the most secure iris authentication
implementations available.
"This agreement is a great acknowledgement of the quality and
capability of our technology and an indication of the growing
demand for increased security and convenience across a slate of
connected devices and diverse market segments, including financial
services, healthcare, automotive, and consumer products," said
Jim Demitrieus, CEO of EyeLock. "By
ensuring that EyeLock's iris authentication technology works with
Qualcomm Mobile Security, we are able to offer the market one of
the most advanced security solutions."
EyeLock's proprietary iris authentication technology examines
more than 240 unique iris characteristics of each eye and provides
a fast, user-friendly experience with a natural sensing distance of
approximately 60 cm. The algorithm performance capabilities for
speed and accuracy have been tested and validated by Novetta, a
leader in advanced analytics technology and independent biometric
testing, as unmatched in the market with a false accept rate of 1
in 1.5 million for single eye authentication and a false reject
rate of less than 1%. EyeLock has achieved significant
technological breakthroughs and solved integration challenges that
have historically been a barrier to mass-market adoption of iris
authentication for mobile, IoT and other solutions.
Qualcomm Mobile Security is built upon the strength of Qualcomm®
Snapdragon™ Mobile Platforms, and is designed to safeguard a device
from security threats. Qualcomm Mobile Security authentication
framework is engineered to provide multilevel security by combining
a hardware-level solution with next-generation software for robust
biometrics security. The newest Qualcomm Mobile Security components
include camera security, hardware token and malware protection for
the latest security measures.
Snapdragon Mobile Platforms contain Qualcomm Mobile Security, a
combination of hardware, software and biometrics technologies that
are engineered to help provide additional security features for
online banking and payments. These processors are also designed to
include hardware-based user authentication, device attestation, and
device security for use-cases such as mobile payments, enterprise
access, and personal data protection.
"By 2018, most premium and high-tier smartphones released in the
world will include biometrics, and this trend will expand in the
future to both lower-tier smartphones, connected cameras, and many
other IoT devices," said Sy Choudhury, Senior Director of Product
Management, Qualcomm Technologies, Inc. "Qualcomm Camera Security
is designed to provide maximum security for the most personal
information – the iris biometric template, the key to all data. We
believe the camera security implementation provides a solid
foundation for the EyeLock solution and helps accelerate the
utilization of iris biometrics."
EyeLock will continue to work to achieve a breakthrough level of
device security and biometric usability for smartphones and the IoT
segment-at-large. EyeLock and Qualcomm Technologies recently
demonstrated a device at Mobile World Congress 2017 in Barcelona that features fast iris recognition
at a comfortable arm's-length distance. The device utilized the
Qualcomm Camera Security interface with dedicated processing and
encryption to sign, store and execute matching of mathematical
templates of an iris biometric.
About EyeLock
EyeLock LLC, a majority owned
subsidiary of VOXX International Corporation (NASDAQ: VOXX), is an
acknowledged leader in advanced iris authentication for the
Internet of Things (IoT), providing the highest level of security
with EyeLock ID™ technology. Iris authentication is highly secure
because no two irises are alike and the iris is the most accurate
human identifier other than DNA. The company's significant IP
portfolio, including more than 100 patents and patents pending, and
proprietary technology enables the convenient and secure
authentication of individuals across physical and logical
environments. EyeLock's solutions have been integrated and embedded
across consumer and enterprise products and platforms, eliminating
the need for PINs and passwords. Corporations across the Fortune
500 recognize the level of security EyeLock provides due in part to
its extremely low false acceptance rate, ease of use, and
scalability. As a sponsor member of the FIDO (Fast IDentity Online)
Alliance, a non-profit organization dedicated to creating a safer
and more secure digital presence for consumers, EyeLock is
dedicated to advancing digital privacy and next generation
security. For more information, please
visit www.eyelock.com.
Qualcomm and Snapdragon are trademarks of Qualcomm Incorporated,
registered in the United States
and other countries. Qualcomm Mobile Security and Qualcomm
Snapdragon are products of Qualcomm Technologies, Inc.
CONTACT:
Brian
Levine
Game 7 Comms
561-866-9291
brian@game7comms.com
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SOURCE EyeLock LLC