Tuesday, February 25, 2014

ImageWare Systems Inc. (IWSY) Biometric Engine Selected as Envisioneering Innovation and Design Award Winner

Leader in mobile and cloud-based, multi-modal biometric identity management solutions, ImageWare Systems (“IWS”), announced that it has been named an Innovation and Design Award Winner for its Biometric Engine® (BE), a patented, real-time, high-performance, cloud-enabled Multi-modal biometric database. Curious minds can visit ImageWare at Booth MWC 7K08 Hall 7, mobile payment pavilion.

After three weeks of inquisitive deliberation by five judges in Europe and North America, industry research firm Envisioneering ultimately honored eleven companies for thirteen innovations that are currently breaking new ground in technologies for improving areas such as work, play and home. Envisioneering judges chose the winners of the Innovation & Design Awards from over 30 companies who launched new products during ShowStoppers. Showstoppers is a product showcase event for journalists that takes place at GSMA’s Mobile World Congress. This year’s event took place in Barcelona.

The winners spanned from efficient protocols which link the Internet of Things to Android and iOS app toolkits to personal protection and monitors for family members to biometric and eye control, as well as log-in tools and products.

“The companies represented among this year’s winners are stepping up their tempo and pace of innovation,” commented Richard Doherty, Envisioneering’s Research Director and lead Judge. “With a keen focus on mobile products, services and lifestyle, they weave together original ideas in hardware, software, services and versatility to benefit the life of the consumer.”

“In 2013, the United States alone saw more than 12 million identity fraud victims at a dollar cost of $24 billion, with the average financial loss per identity theft totaling $4,930. Goode Intelligence predicts that by the end of 2015 there will be 619 million people using biometrics on their mobile device. We are honored to be recognized for our innovation in the next generation of identity management,” stated Jim Miller, CEO of ImageWare Systems. “Legacy technologies are failing to protect business and consumer. Cost effective, flexible, cloud based Multi-modal biometrics can authenticate and verify personal identity based human characteristics and cannot be replicated. We are delivering new models that support the huge growth in mobile and desktop transaction, business and health services.”

Those selected for the honor were judged in areas such as creative design, style, and overall innovation in 26 categories of social benefit, ranging from personal entertainment delivery technologies to health and wellness.

“Gartner’s estimate of 30% enterprise adoption for biometrics as the authentication standard by 2016 presents a huge opportunity for ImageWare in the projected $400 billion dollar market place estimated for mobile payments by 2015,” concluded Jim Miller.

To learn more please visit www.iwsinc.com

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