Lumidigm Receives Frost & Sullivan New Product Innovation of the Year Award for Fingerprint Biometrics
"Lumidigm Fingerprint Sensors Provide Highly Accurate Biometric Data Even in Adverse Conditions Where Traditional Fingerprint Sensors Fail"
ALBUQUERQUE, NM - Lumidigm today announced that the research firm Frost & Sullivan has found Lumidigm to be at the top of its class in fingerprint biometrics product innovations. The 50-year old research firm has awarded the New Product Innovation of the Year Award, Fingerprint Biometrics, North America, 2010, to Lumidigm. According to Frost & Sullivan, Lumidigm's "innovative technology allows Lumidigm fingerprint sensors to provide highly accurate biometric data even in adverse conditions where traditional fingerprint sensors fail."
"Lumidigm's sensors do more to meet performance requirements than the fingerprint sensors of any other vendor surveyed," relates Raman Monga, industry manager for Frost & Sullivan's electronics group. "Since they are small, light and compatible, possessing multiple communication interfaces, Lumidigm biometric sensors can be easily integrated into any existing system. The return-on-investment (ROI) of Lumidigm sensors is much higher than that of traditional biometric sensors."
"For many years now, the promise of biometrics has not been fully realized in large part because conventional biometric technologies rely on unobstructed and complete contact between the fingerprint and the sensor, a condition that is elusive in a world that is wet, dry, or dirty and where users are not all young office workers with great skin who are experienced at using biometrics," emphasizes Phil Scarfo, Lumidigm senior vice president of worldwide sales and marketing.
"Frost & Sullivan has recognized that Lumidigm's more effective solution, based on using multiple spectrums of light and advanced polarization techniques to extract unique fingerprint characteristics from both the surface and subsurface of the skin, provides results that are more consistent, more inclusive and more tamper resistant."
According to Frost & Sullivan, the biometrics industry averages for False Accept Rates (FAR) and False Reject Rates (FRR) are unacceptably high due to problems with data collection and poor image quality. That's because, Scarfo explains, traditional technologies rely solely on surface fingerprint characteristics that can be obscured by moisture, dirt or wear. Meanwhile, the "inner fingerprint" lies undisturbed and unaltered beneath the surface. Lumidigm's multispectral imaging technology combines surface fingerprint information with subsurface fingerprint information and reassembles it in an intelligent and integrated manner, resulting in superior biometric performance.
"While fingerprints should be more convenient, cost-effective, and secure than other forms of authentication, conventional fingerprint sensors simply don't deliver the real world performance required to meet customer expectations in many applications," adds Scarfo. "As this award underscores, Lumidigm sensors can be reliably used for getting on a company's data network, operating a forklift, signing for merchandise, creating major Citizen ID programs and virtually every type of application in which organizations now feel forced to use cards, keys or PINs. Biometrics can finally get beyond the door."
More information on Lumidigm biometric solutions is available at www.lumidigm.com
About Lumidigm
Lumidigm Inc., the multispectral imaging biometrics company, is dedicated to enabling convenient, secure, and reliable identification and verification. Lumidigm fingerprint sensors capture superior images quickly, on all people, in all conditions. Everyone can be enrolled. Everyone can be verified. Lumidigm's sensors are quick and easy to use - perfect for any application in which speed, security and reliability are paramount. Headquartered in Albuquerque, New Mexico, Lumidigm sensors are distributed worldwide. Lumidigm's initial venture capital investors are DFJ New England, Draper Fisher Jurvetson, Epic Ventures, Intel Capital, International Venture Fund and Solstice Capital. Other investors include Methode Electronics, Motorola Ventures, New Mexico Co-Investment Partners managed by Fort Washington Capital, and Sun Mountain Capital. For more information, visit www.lumidigm.com.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents. To join our Growth Partnership, please visit www.frost.com.
