ImageWare Announces Results for Q4, 2015

Identity solutions provider ImageWare has announced its Q4 fiscal results for 2015.

New Mobile Webinar Feature — Click to sign up for our free webinar, Mobile Revolution 2.0: Biometrics, Smartphones, IoT.

The company’s revenues for the quarter reached $0.9 million, compared to $1.2 million in Q4 of 2014. In a statement announcing the quarter’s results, the company credited the reduction in revenues to lower royalty revenues from its older ID card software. Net loss for the quarter came in at $2.6 million, versus 2014’s Q4 net less of $1.9 million.

Commenting on the company’s present position, CEO Jim Miller pointed to ImageWare’s recent partnership with Aruba, an HPE company, which integrated ImageWare’s GoVerifyID biometric identity platform into its ClearPass security system, calling it a partnership that will “enable us to reach a large population on a global scale”. Miller also expressed enthusiasm about the growth of the biometric market more generally. “With the biometric space beginning to move into the mainstream, we believe that all the right pieces of the puzzle are in place for ImageWare to grow our business,” he said.

ImageWare CTO David Harding will be on hand to share this enthusiasm this Friday as he sits on the panel for FindBiometrics’ exclusive webinar, Mobile Revolution 2.0: Biometrics, Smartphones, IoT.

—

March 16, 2016 – by Alex Perala

Partners

FaceTec’s patented, industry-leading 3D Face Verification and Reverification software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ finally make trusted, remote identity verification possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for 3D Liveness and Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

AuthenticID provides 100% automated identity verification and fraud detection solutions that are leveraged by companies worldwide, including 2 of the top 3 U.S. Banks, 8 out the top 10 wireless providers in North America, and 2 of the 3 credit bureaus. Using proprietary computer vision and machine learning technology, these solutions help companies accurately verify the identity of their users across retail, digital and call center environments for onboarding and ongoing re-authentication events; KYC, IAM, and more. The solutions are easy to integrate and provide customers a large ROI by stopping fraud losses, increasing customer conversion at onboarding, reducing operational costs and allowing quick and cost-effective operational scalability, all while ensuring global privacy regulations are complied with. https://www.authenticid.com/

Anonybit is a privacy-focused technology platform that provides decentralized solutions for securing personal data, particularly biometric information. Rather than storing sensitive data in centralized repositories, which are vulnerable to breaches, Anonybit uses a distributed architecture that breaks data into smaller encrypted bits and stores them across a network of decentralized nodes. This approach ensures that no single entity has access to the full dataset, enhancing privacy and security, even preventing insider threats. Anonybit is used by leading banks, fintechs and other enterprises for critical biometric identity functions like deduplication and blocklist checks, step up authentication, passwordless login and account recovery https://anonybit.io/

Identity Week aims to be a significant identity industry catalyst. It’s our mission is to help accelerate the move towards a world where trusted identity solutions enable governments and commercial organisations to provide citizens, employees, customers and consumers with a multitude of opportunities to transact in a seamless, yet secure manner. All the while preventing the efforts of those intent on doing harm. https://identityweek.net/

The Biometric Digital Identity Prism is a market landscape framework designed to help influencers and decision makers understand, innovate, and implement digital identity technologies and solutions. This innovative framework for understanding and evaluating the rapidly evolving biometric digital identity marketplace is the only market model that is truly biometric-centric based on the foundational conviction that in the age of digital transformation the only true, reliable link between humans and their digital data is biometrics. https://www.the-prism-project.com

ID R&D is an innovator of biometric facial liveness, document liveness, and voice biometrics. Ranked #1 by NIST, our patented passive approach to liveness, and specialized detection of voice clones, injection attacks and deepfakes, empowers KYC and authentication systems with fast, accurate and secure biometric verification technologies. Over 140 partners in more than 70 countries are collectively processing hundreds of millions of identity checks per year. ID R&D solutions easily integrate with mobile, web, messaging, smart speakers, set-top boxes, and IoT devices. Learn more: www.idrnd.ai

Footer

Follow Us