IRIDIAN, MATSUSHITA STRIKE MANUFACTURING, LICENSING DEAL
MARLTON, N.J.
Iridian Technologies Inc., a developer of iris recognition technology and a biometrics company, announces it has agreed to a multiyear, multimillion-dollar alliance with Matsushita Communication Industrial Co., Ltd., best known for its Panasonic-brand products, and a manufacturer of security products for global markets. Both companies have established a partnership to manufacture, distribute, market and further develop Iridian’s Authenticam(tm) and other iris recognition products.
Matsushita has also been granted licensing rights to Iridian’s patented PrivateID(tm) software, along with the company’s supporting server technologies. The deal provides for the development of Panasonic-branded version of Iridian’s Authenticam, a network and workstation security product that combines the authentication capabilities of iris recognition with the productivity enhancing qualities of a videoconferencing camera.
“We’re thrilled by what this alliance says about the proven capabilities of iris recognition and by Matsushita’s investment in the future of this technology,” says William Voltmer, president and CEO of Iridian Technologies. Toshio Yokoyama, director of audio/video systems division and senior managing director of Matsushita, adds, “Iris recognition technology is an attractive solution for today’s business authentication needs. We believe that next generation wireless devices and the mobile economy will require the unmatched accuracy, security and convenience that iris recognition provides.”
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