May

12

A Potential in Biometrics Market

Filed Under Other | 19 Comments

FaceKey Corporation (Symbol: FEKY), headquartered in San Antonio, TX, is a biometrics technology provider, providing supreme security measures for their customers by utilizing patented and proprietary biometric technologies that identify and allow access to authorized personnel.

FaceKey’s technology combines face and fingerprint recognition providing the highest level of security, reducing fraud and providing better accountability. By combining these identification technologies, FaceKey’s products are used for a wide variety of applications ranging from securing corporations’ confidential areas and PC access to effectively monitoring time and attendance greatly reducing employee fraud.

I have found the list of articles that really made me think this company could be a good investment in biometrics industry:

- Tue, Jan 18, 2005: FaceKey Corporation to Introduce Face Tracking Software for Surveillance
The advanced technology behind this software enables companies to extract and view faces from a streaming analog or digital video with great speed and efficiency. By utilizing this technology, the amount of time that companies’ employees spend monitoring surveillance video would be greatly reduced while simultaneously increasing the amount of surveillance videos that one person can effectively monitor…
http://biz.yahoo.com/pz/050118/70989.html

- Mon, Jan 24, 2005: FaceKey Corporation to Provide Biometric Access Control System to Malaysian Government Agency
The Executive Suite is designed for corporate offices and other areas requiring the highest level of security for access control. Both fingerprint recognition and face recognition are required before authorized users are granted access. The system works by converting information about an individual’s face and fingerprints into unique templates. Authorized users are enrolled into the system by recording their facial and fingerprint patterns, which are encrypted and serve as the user’s template…
http://biz.yahoo.com/pz/050124/71352.html

- Thu, Jan 27, 2005: FaceKey Introduces Biometric Time and Attendance System to Reduce Employee Fraud
The biometric system is designed to significantly reduce or eliminate clocking in/out errors as well as prevent employee fraud experienced by many companies, in turn reducing time required to reconcile time cards and paycheck errors…
http://biz.yahoo.com/pz/050127/71611.html

- Wed, Feb 2, 2005: FaceKey Launches Fingerprint Based PC AccessKey to Eliminate Passwords
The PC AccessKey system, which is comprised of a small optical reader attached to the user’s PC, is designed to eliminate the need for passwords, keys and security cards by identifying an individual based on their fingerprints…
http://biz.yahoo.com/pz/050202/71867.html

The stock hasn’t been doing well in the past 6 months. It started at 20 cents/share (When they went public sometime in January 2005), then somehow it’s been declining ever since (Currently it’s traded at 7 cents/share. We’ll see what’s going to happen in the next few months. This one is definitely going to be under my close watch.

Quote of the Day:
Wealth, in even the most improbable cases, manages to convey the aspect of intelligence. – John Kenneth Galbraith

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