Ultra-Scan Named Biometrics Entrepreneurial Company of 2004

Thursday 20 May 2004 16:46 CET | News

Frost & Sullivan has presented Ultra-Scan Corporation with the 2004 Biometrics Entrepreneurial Company of the Year Award, in recognition of its pioneering work in biometrics, employing high frequency ultrasonic technology to generate fingerprint images.

Frost & Sullivan presents this award each year to an emerging company that demonstrated superior entrepreneurial ability in its industry. This award signifies the companys identification of a unique and revolutionary product solution with significant market potential. Additionally, it recognizes that the companys marketing strategy is sound and poised for success. Ultra-Scans unique fingerprint ID system is the first to incorporate high-performance ultrasonic technology to accurately read and enroll virtually any person in any environment with unsurpassed accuracy. Ultra-Scans ultrasonic biometric platform is based on LUIS (Livescan Ultrasonic Identification System), a breakthrough in enabling technology. The ID system offers unmatched performance for millions of records plus unique software for real-time diagnosis and system monitoring and is designed for individual identification applications in healthcare, finance, retail, government and homeland security. Although optical technology based fingerprint readers currently dominate the fingerprint biometrics market, Ultra-Scans ultrasonic fingerprint readers are far more accurate in comparison and are likely to generate significant opportunities for the company in the future. The company holds seven U.S. patents and has 11 patents pending covering its technology and fingerprint solutions using ultrasonic waves. A vital component of Ultra-Scans strategy has been to license its unique technology to leading hardware makers and systems integrators as technology partners that will incorporate high-accuracy ultrasonics into their fingerprint identification and security systems. Ultra-Scans ultrasonic reader would not have been a complete solution without Ultra-Scans highly efficient algorithms and robust Automatic Fingerprint Identification System (AFIS) software. Ultra-Scans IDExpress Enterprise AFIS software application is highly configurable to support virtually any business rules or workflow process. IDExpress Enterprise can readily accommodate any size population, operate with any high performance relational database system and provide a wide range of identification services. Recently, Ultra-Scans fingerprint readers are compatible with the military, the Underwriters Laboratories (UL), the Federal Communications Commission (FCC), and European Testing standards. These highlight industry support and confidence in the technology and the company. Government agencies such as Department of Defense in the United States form the biggest customer base for Ultra-Scans product offerings. Healthcare has also emerged as a big vertical for Ultra-Scan and is expected to contribute a significant portion to the companys revenues.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce