NEW YORK, July 15, 2020 /PRNewswire/ -- EyeLock LLC, a
leader of iris-based identity authentication solutions, announced
today a new partnership with Marubeni America Corporation and
Marubeni Metals Corporation, both wholly-owned subsidiaries of
Marubeni Corporation, to introduce and distribute the EyeLock
technology and access control solutions in the Japanese market as
well as expand into Asia and
beyond.
The partnership will provide Marubeni the rights to deliver
EyeLock's nano NXT® and EXT™ offerings across their
partner base. The combination of these products provides a secure,
privacy-friendly solution capable of authenticating up to 20 people
per minute with unparalleled accuracy. Additionally, the solution
identifies people in real time and at a distance, in indoor and
outdoor locations, processing people through doors or checkpoints
without delays or backups. The EXT™ device is designed to operate
in direct sunlight, snow or rain and temperatures between -40°C to
66°C, facilitating use in a variety of environments including
commercial/ enterprise, corrections, data centers, education,
financial services, government, healthcare facilities, and
hospitality.
EyeLock's strategy to aggressively enter the market in
partnership with Marubeni is indicative of the strong opportunity
within the sectors both companies serve and the rise of iris
biometrics as a more secure, privacy-safe alternative to facial
recognition.
"This new partnership with Marubeni is a "major breakthrough",
with Marubeni's extensive connections in several industries, such
as automotive, financial and construction, and the alliance will
create a substantial demand for our technology in the marketplace,"
said Jeff Carter, Chief Executive
Officer of EyeLock. "The agreement builds on years of working with
Marubeni to bring our next-generation imager/lens to
the embedded security market."
"We see a significant opportunity in the growing biometric
market with EyeLock leading the way with their advanced iris
authentication technology," said Hiroyuki
Nishida, President, Marubeni Metals Corporation. "EyeLock's
innovative platform boasts the highest level of security, privacy
and speed in a product offering, and is unrivaled in the market. As
a partner, EyeLock will play a key role in the foundation of future
infrastructure by providing robust and transformative security
solutions for physical access."
About Marubeni Corporation:
Marubeni Corporation, with over $70
billion in annual revenue, and its consolidated subsidiaries
use their broad business networks, both within Japan and overseas (offices in 68 countries
and regions) to conduct importing and exporting (including third
country trading), as well as domestic business, encompassing a
diverse range of business activities across wide-ranging fields.
This includes lifestyle, ICT & real estate business, forest
products, food, agri business, chemicals, power business, energy,
metals & mineral resources, plant, aerospace & ship,
finance & leasing business, construction, auto & industrial
machinery, and next generation business development. Additionally,
the Marubeni Group offers a variety of services, makes internal and
external investments, and is involved in resource development
throughout all of the above industries. For more information, visit
www.marubeni.com.
About EyeLock:
EyeLock LLC 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 75 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. For more information about EyeLock, please
visit: www.eyelock.com.
About VOXX International Corporation:
VOXX International Corporation (NASDAQ: VOXX) has
grown into a worldwide leader in Automotive Electronics and
Consumer Electronics, with emerging Biometrics technology to
capitalize on the increased need for advanced security. Over the
past several decades, with a portfolio of approximately 35 trusted
brands, VOXX has built market-leading positions in in-vehicle
entertainment, automotive security, reception products, a number of
premium audio market segments, and more. VOXX is a global company,
with an extensive distribution network that includes power
retailers, mass merchandisers, 12-volt specialists and many of the
world's leading automotive manufacturers. For additional
information, please visit our website at www.voxxintl.com.
VOXX International Contact:
Larissa (Bertolotti)
Goulding
Email: LGoulding@voxxintl.com
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SOURCE EyeLock LLC