Recent orders for its fingerprint readers totaling some $600,000 has biometric technology provider Identix optimistic about future demand for its authentication technology. Just half way into its fiscal year, the company is already ringing up $2.2 million in sales which, it says, are driven by the growing need for more secure access to companies’ PCs, particularly in the banking and healthcare industries.
Receives New Purchase Orders Totaling Approximately $600,000 for Deployment of Fingerprint Biometric Authentication Solutions into Commercial & Enterprise Logical Access Markets
MINNETONKA, Minn.– Identix Inc. said it continues to see solid demand for the company’s biometric authentication technology in the commercial and enterprise space. During its fiscal 2006 year, which began July 1, 2005 and ends June 30, 2006, Identix has already received more than $2.2 million orders for deployments of its BioLogon authentication software and enabling BioEngine authentication technologies and accompanying single finger readers. Included in that total are the recent orders for biometric logical access solutions for the banking and healthcare markets, which have an aggregate value of approximately $600,000. Identix expects to recognize revenues from these new orders in its fiscal 2006 second and third quarters, ending December 31, 2005 and March 31, 2006, respectively.
Driven by the growing need for heightened security and the important requirement for better identification prior to granting access to PCs, company applications, and specific databases and company information, leading commercial entities are continuing to adopt biometric authentication solutions to safeguard sensitive information. Identix is experiencing growing demand for biometrically enabled logical access solutions in industries including banking, healthcare, and government agency enterprise, which often require employees to access particularly sensitive information.
“The benefits of biometric authentication for logical access in enterprise and commercial markets are being realized across the United States,” said Identix President & CEO Dr. Joseph J. Atick. “Industries such as banking and healthcare, where there is an especially important requirement for the utmost confidentiality in accessing records stored in PC and network databases, are leading the way in recognizing the power of heightened security that biometrics can add to any logical access application. Our biometric solutions are easily integrated into existing workflows and help provide users with the confidence that only authorized individuals are accessing certain PCs and/or confidential records. We believe we may continue to see growing adoption and deployment of biometric solutions throughout the commercial and enterprise arena and are confident that Identix is well positioned to capitalize on this prospective area of growth.”
Providing fingerprint and password support and designed to integrate seamlessly into a network’s OS for central administration, configuration and maintenance of user account and security policies, BioLogon offers complete multi-factor authentication solution. BioLogon accepts multiple user account login methods, including biometrics and PIN combinations, enabling increased security, lower administrative costs, and added convenience.
About Identix Incorporated
Identix Inc. is the world’s leading multi-biometric technology company. Identix provides fingerprint, facial and skin biometric technologies, as well as systems, and critical system components that empower the identification of individuals in large-scale ID and ID management programs. The Company’s offerings include live scan systems and services for biometric data capture, mobile systems for on-the-spot ID, and backend standards-based modules and software components for biometric matching and data mining. Identix products are used to conduct background checks, speed travel and commerce via secure identification documents, prevent identity fraud in large-scale government and civil ID programs, and control access to secure areas and networks. With a global network of partners, such as leading system integrators, defense prime contractors and OEMs, Identix serves a broad range of markets including government, law enforcement, gaming, finance, travel, transportation, corporate enterprise and healthcare.
More information on Identix can be accessed via the company’s web site, www.identix.com.