Current methods of identification and authentication are insecure, inconvenient, time-consuming and impersonal. Whether it’s validating a payment, authorizing access to information, unlocking devices or giving admittance to buildings, PINs, passcodes, signatures, and keys are substandard. Our biometric identification and authentication technologies allow people to use fingerprints to prove their identity in a way that’s truly simple, secure and personal.
Our vision is to lead the charge in ridding the world of PINs, passcodes and keys. We want to put secure identification and authentication at everyone’s fingertips.
In the smart card market our economic buyers are the manufacturers of the cards and we are proud to work with some of the biggest names in the market including IDEMIA, Goldpac and a range of other major players. You can find out more here.
Biometrics Research Group Inc. estimates the global biometrics market will grow to US$55.5 billion by 2025 from its projected 2020 value of US$35.5 billion.
Goode Intelligence forecasts that almost 579 million biometric payment cards will be in use around the world by 2023 to enable frictionless customer authentication for higher-value contactless card transactions.
WiseGuyReports notes that the global market for biometric authentication and identification was valued at US$11.76 billion in 2015 and is expected to grow to US$25.31 billion by 2020 with compound annual growth rate (CAGR) of 16.56 percent.
Allied Market Research is doubling down on its previous prediction that the global biometric sensor market will reach $1.92 billion by 2025. That figure represents a CAGR of 9.3 percent, based on a 2017 market valuation of $944 million.
Our business model includes the design, development and sale or licensing of fingerprint sensor IP and related products. We typically are paid either a contracted price for each sensor and solution, a royalty on each device that incorporates our technology, or a combination of the two.
There are multiple benefits including making transactions quicker and more efficient, reducing fraud, reducing cost, boosting accountability, delivering brand differentiation and delighting consumers. You can find out more here.
Our fingerprint sensors and fingerprint sensor modules systems are applicable in any system or device which require authentication via a key, password or PIN. Our products are relevant across markets and verticals, including mobile. However, being a small company, we need to prioritize. Our current focus is on 5 key verticals, Payments, Identification, Access Control, Healthcare and IoT & Embedded Systems. You can find out more here.