VOXX Announces New Biometrics-Focused Joint Venture

VOXX International Corporation has announced a joint venture between its subsidiary, EyeLock LLC, and GalvanEyes Partners LLC, leading to the creation of BioCenturion, LLC. This strategic alliance aims to unify technology, research and development, and marketing efforts under one entity, thereby facilitating growth and innovation in the biometrics sector.

EyeLock and GalvanEyes will pool selected assets and liabilities into this 50/50 joint venture. GalvanEyes will oversee daily operations, with EyeLock retaining significant control over key business decisions. The venture is part of VOXX’s strategy to mitigate operating costs associated with EyeLock while capitalizing on potential market opportunities.

VOXX International is a diversified company known for its consumer electronics and automotive products. VOXX often acquires and partners with other technology companies to expand its portfolio in various niche markets, including security and biometric authentication technologies.

EyeLock is a subsidiary of VOXX International Corporation, specializing in advanced iris-based identity authentication solutions. EyeLock’s technology is known for its high level of security and speed, capable of authenticating identities quickly and accurately. The technology is used in a wide range of applications, from enterprise and government security systems to consumer electronics.

GalvanEyes is a company based in Orlando, FL. Part of Avalon Park Group, GalvanEyes is known as the exclusive distributor of EyeLock products in several regions including the EU, Switzerland, Puerto Rico, Malaysia, and Singapore, and offers comprehensive solutions in the United States targeting sectors like residential real estate and government agencies.

The reorganization to establish BioCenturion includes executive shifts within VOXX, with Beat Kahli transitioning to focus on BioCenturion’s development, and Loriann Shelton stepping in as CFO of VOXX.

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March 7, 2024 – by the FindBiometrics Editorial Team

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