Bioscrypt Expands Rollout of 3D Facial Recognition System at Major Swiss Bank
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TORONTO, Canada, May 3--Card-Free System Simplifies Employee Access to Facilities and Reduces Security Costs
Bioscrypt Inc. (TSX: BYT), a leading provider of enterprise access control technology, today announced the main integrator for Pictet & Cie, Swiss Interflex AG, a business of the Ingersoll Rand Security Technologies sector, is expanding the deployment of the Bioscrypt 3D facial recognition system at the bank.
The biometrics based system being implemented in Geneva is one-of-a-kind in the world. Interflex has delivered what Pictet & Cie, one of the renowned Swiss banks, wanted most - the installation of an access control system that operates completely without ID cards, keys or PIN technology to enable secure access for 2,100 employees to the bank's new building. Eliminating the risk of tokens and keys being lost, stolen or misused, Pictet & Cie's system uses biometric verification methods in a project that combines components supplied by unique specialists.
"The continued adoption and expansion of the Bioscrypt solution is a clear testament to the unparalleled combination of performance and ease of use that makes 3D face recognition an ideal technology for hands-free access control deployments," stated Robert L. Williams, President and CEO, Bioscrypt. "As what we trust to be the largest identification based biometric access control system in the world, we believe Pictet & Cie is raising the bar and becoming the model for authentication technology in the financial services industry."
Interflex integrates all the necessary components into a comprehensive security system operating on the IF-6020-Security software solution. Thus, face recognition controls not only access to the building, but also employee time and attendance records. Presently, there are 110 biometric 3D face recognition readers deployed for physical access control and time and attendance recording with potential for significantly more readers to be installed in the months and years ahead.
Bioscrypt's advanced 3D facial recognition system directs structured, invisible light onto a subject's face to create a facial grid of 40,000 measurable data points. The system performs multiple facial scans and comparisons against a database of stored images and corresponding data, performing accurate identification at sub-second speeds, from which authorised persons are confirmed for access. Bioscrypt's 3D facial readers secure entrance areas of the bank in combination with other security components of the installation.
Gunnebo Deutschland GmbH provides the speed gates that open within a split-second to grant access if an identified person is authorised. Upon completion of the project, speed gates will be installed on virtually all employee entrances/exits.
With the realisation of this project that delivers complete, hands-free access without badges and keys, Pictet & Cie are established as pioneers and innovators of security concepts. The implementation of the project serves as evidence that biometric security not only represents a superior solution for high security applications, but that they are also suited to meet daily access control requirements. This project demonstrates the future of biometrics.
About Pictet & Cie
Founded in 1805 in Geneva, Pictet & Cie is today one of Switzerland's largest private banks, and one of the premier independent asset management specialists in Europe, with over CHF 390 billion in assets under management and custody as at end-March 2007.
The Group employs over 2,300 people in the following locations: Geneva, London, Frankfurt, Madrid, Zurich, Lausanne, Luxembourg, Paris, Milan, Turin, Florence, Montreal, Nassau, Rome, Singapore, Hong Kong and Tokyo. Further information is provided on the company's web site at www.pictet.com.
About Interflex
Interflex Datensysteme GmbH & Co. KG, Ingersoll Rand Security Technologies, offers complete solutions for time and production management, security systems including card production, biometrics as well as personnel scheduling. With more than 14,000 system installations managing more than 4.5 million employees, Interflex is the market leader in Europe. In 2005 (valuation as of December 31), 500 employees achieved 66 million euros in revenue (including Astrum-HR). The German company based in Stuttgart operates worldwide and supports its customers at 35 business locations in 12 countries. Founded in 1976, Interflex has been a business unit of Ingersoll Rand since 2000. Further information can be found on the company's website at www.interflex.de. Renowned companies, authorities and hospitals at home and abroad are among our customers: Deutsche Bank, Behr Group, Bertelsmann, Festo, Roche, the German Federal Ministry of Employment and Social Affairs, Henkel, the Hamburg Airport, Blohm & Voss, Motorola Germany, Brose, Carl Zeiss, Volkswagen, Weishaupt, and the Continental AG.
Interflex is a business of Ingersoll-Rand Company Limited, an industrial conglomerate and a leading innovation and solutions provider for the global markets in the Security Technologies, Climate Control Technologies, Industrial Technologies und Construction Technologies sector. Further information is provided on the company's web site at www.irco.com.
About Bioscrypt Inc.
Bioscrypt is an enterprise access control solution provider, enabling the unification of physical and logical access with its Door to Desktop® products. Bioscrypt's hardware and software solutions deliver strong authentication processes to facilities, equipment, IT networks and computer applications and allow organisations to administer unified identities across the enterprise.
Building on its proven expertise in biometric technology and its unique multi-factor authentication platform, Bioscrypt integrates all major secure authentication standards, transforming how organisations are bridging the gap between physical and logical access to create secure working environments.
More information is available at www.bioscrypt.com.
Source: Bioscrypt Inc
For further information: Laura Slater, High Road Communications, +1-613-688-1192, lslater@highroad.com; Matthew Bogart, Bioscrypt Inc., +1-905-940-7771, matthew.bogart@bioscrypt.com
