IRISCAN, SENSAR BRING TALENTS TOGETHER IN VENTURE
MARLTON, N.J.
In a move that strengthens the development and marketing of iris recognition technology, IriScan Inc. announces that it has merged with its licensee, Sensar Inc. of Moorestown, N.J. The new company, which will be named at a later date, will combine IriScan’s physical access and information security industries experience with Sensar’s expertise in the banking/finance industry to become a worldwide provider of biometric solutions. Both organizations have been leaders in the development of technology and specialized consumer applications employing iris recognition-based identification systems—the world’s most accurate, single factor identification method.
According to William H. Voltmer, president and CEO of IriScan, who will lead the new company, “The merger represents an opportunity to strengthen our position in the marketplace by combining the engineering and software expertise of the two organizations. It is a good, synergistic fit that will benefit our partners and customers worldwide.” IriScan holds exclusive patents in the United States and 26 countries on iris recognition. Sensar was founded as the first commercial spin-off of the Sarnoff Corp. in Princeton, N.J., an internationally acclaimed research and development facility.
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