New York, NY - October 4, 2013 (investorideas.com newswire) Investorideas.com, an investor research portal specializing in investing ideas in leading sectors including biometric and security stocks issues a snapshot for facial recognition stocks.
Biometric technology has become a hot topic in the headlines, from mobile phone security with Apple (NASDAQ:AAPL) to analysts predicting biometrics will become mainstream technology in the future. Leading tech companies are introducing fingerprint, facial recognition and voice recognition technology in everything from social media to mobile and gaming.
According to a report on Nextgov.com Hewlett-Packard Company (NYSE :HPQ) has just been awarded a $102.8 million contract to upgrade Homeland Security Department employee identification cards with features that accommodate iris and facial recognition, according to federal funding databases.
In late August NXT-ID, Inc (NXTD:OTCQB) a biometrics company focused on the growing m-commerce market announces that its wholly owned subsidiary, 3D-ID, LLC commenced a pilot program with the Palm Bay, FL Police Department to evaluate its 3D FaceMatch™ biometric facial recognition identification systems.
The identification management systems leverage unique and patented FaceMatch™ 3D technology that precisely senses shape at up to a million points on a face without using lasers or projected patterns. This individually unique shape information is compressed into a small 3D biometric template containing a complete 3D shape signature of that individual face. This shape signature is rapidly compared to other templates in a database. Unlike 2D recognition methods where performance is highly variable depending on scene lighting, head pose, facial expression, eyewear, facial hair and cosmetics, FaceMatch™ templates and performance remain invariant over an extremely wide range of imaging variables. This enables reliable, scalable, and convenient face recognition solutions.
The system is being used at Palm Bay to enroll inmates into local detention centers, creating a 3- dimensional database that can be used in the future to potentially identify persons of interest. Inmates that are released will also have their identities verified through 3D facial recognition to prevent the inadvertent release of the wrong individual.
Facebook ( FB) has caused a lot of controversy and buzz in the social media sector as they talk about introducing a facial recognition technology to match faces in photos with public profile features. Facebook acquired a Face.com in 2012 as part of its roll out strategy. ' Yahoo ( YHOO ) also recently announced its acquisition of IQ Engines, a start-up company in face and image recognition technologies to use for Flickr.
And now facial recognition and biometrics are coming to a game near you.
According to a recent article Sony (SNE) is incorporating multiple forms of biometrics into the PS4. "With the use of the PS4 Eye Camera, Sony's next-gen console will now have its own champion against the Kinect. According to Joystiq, the PS4 Eye Camera will allow voice and face recognition, so you can easily load up games, navigate the OS, and give in-game commands. This feature will immediately be made available for Knack."
So as biometrics enters all phases of every day life, it creates new levels of security and controversy over privacy issues. There is game changing technology to pay attention to for investors.
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