FST Biometrics Receives a Visionary Award from Frost & Sullivan for Leading the Market in Biometrics-based In Motion Identification
The superior accuracy and reliability of the game-changing IMID solution ensure secure and seamless access for the user
SANTA CLARA, California, Nov. 14, 2016 /PRNewswire/ -- Based on its recent analysis of the biometric identification market, Frost & Sullivan recognizes FST Biometrics with the 2016 Global Frost & Sullivan Award for Visionary Innovation Leadership. FST Biometrics emerged as a leading player in the biometric identification market by pioneering In Motion Identification (IMID) access, a multi-modal verification solution for instant, seamless, and non-invasive verification. This patented solution employs a fusion function algorithm that leverages both physiological and behavioral patterns to identify the subject – even when in motion – and to evaluate access eligibility.
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FST Biometrics employs biometric behavior technology to create a solution that mimics the way a human brain identifies individuals. It leverages functions such as face and voice recognition, video analytics, and, for higher security areas, can incorporate other identifiers including radio frequency identification (RFID) to enhance the fluidity of movement between secure areas. This allows it to eliminate shortcomings that are inherent in traditional biometric solutions, such as malfunctions and consequent downtimes.
"The IMID access solution is software-centric, so it easily interoperates with existing access control systems and standard hardware, facilitating smooth and cost-effective installation," said Frost & Sullivan Best Practices Analyst, Taruna Hariparsad. "It can also analyze and identify multiple individuals simultaneously, addressing the need for scalability in areas with heavy traffic."
FST Biometrics constantly enhances the behavioral and physiological profile of an individual through repetitive analysis, memorization, and adjustment, enabling FST Biometrics to achieve remarkably low false rejection rates (FRRs) of 3 out of 1,000 cases, and false acceptance rates (FARs) of 3 out of 10,000 cases.
"FST Biometrics offers a range of solutions for different security options," noted Hariparsad. "For instance, it has the IMID Digital Doorman for a single access point, while the IMID Rapid is a short-term, event-oriented security system that fits into a suitcase and easily deploys. Lastly, the IMID Mobile service is an application that downloads onto an Android device and utilizes the camera to provide more information on authorized individuals."
"This has been a critical year for FST as we ready ourselves for a major growth phase. We have gained significant traction across industries, have formed strategic partnerships with major security companies in Europe and the United States, and have expanded our management team with highly experienced leaders with proven track records," explained Maj. Gen. (res.) Aharon Zeevi Farkash, President of FST Biometrics. "We are honored that Frost & Sullivan has recognized the excellence and vision of our product, as this recognition strengthens our resolve to make IMID the standard of biometric identification globally."
FST Biometrics' futuristic solutions deliver differentiated benefits that improve not only business performance, but also customers' work and personal lives. For its singular focus on innovating for the future, Frost & Sullivan is pleased to present it with the 2016 Global Frost & Sullivan Award for Visionary Innovation Leadership.
Each year, Frost & Sullivan presents this award to the company that demonstrates the understanding to leverage global Mega Trends, integrating a vision into processes to achieve strategic excellence. The award recognizes the efficacy of the recipient's innovative process and the impact it has on business and society at large.
Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.
About FST Biometrics
FST Biometrics is a leading identity management solutions provider. The company's IMID™ product line offers access control through its proprietary In Motion Identification technology. This provides the ultimate security and convenience for users, who are accurately identified without having to stop or slow down. IMID™ solutions integrate a fusion of biometric and analytic technologies that include face recognition, body behavior analytics and voice verification. For more information, please visit www.fstbm.com.
Contact:
Nicole Grubner
Finn Partners, for FST Biometrics
+1-929-222-8011
nicole.grubner@finnpartners.com
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector, and the investment community. Contact us: Start the discussion.
Contact:
Chiara Carella
P: +44 (0) 207.343.8314
F: 210.348.1003
E: chiara.carella@frost.com
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