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VOXX Int'l (VOXX) Subsidiary EyeLock Enters Into License Agreement For Qualcomm Mobile Security
EyeLock LLC, a leader of iris-based identity authentication solutions and a majority owned subsidiary of VOXX International Corporation (NASDAQ: VOXX), today announced that it has entered into a license agreement with Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, for Qualcomm® Mobile Security. EyeLock is developing iris authentication solutions that are designed to work with Qualcomm Mobile Security and enable OEMs across the entire IoT spectrum to benefit from one of the most secure iris authentication implementations available.
"This agreement is a great acknowledgement of the quality and capability of our technology and an indication of the growing demand for increased security and convenience across a slate of connected devices and diverse market segments, including financial services, healthcare, automotive, and consumer products," said Jim Demitrieus, CEO of EyeLock. "By ensuring that EyeLock's iris authentication technology works with Qualcomm Mobile Security, we are able to offer the market one of the most advanced security solutions."
EyeLock's proprietary iris authentication technology examines more than 240 unique iris characteristics of each eye and provides a fast, user-friendly experience with a natural sensing distance of approximately 60 cm. The algorithm performance capabilities for speed and accuracy have been tested and validated by Novetta, a leader in advanced analytics technology and independent biometric testing, as unmatched in the market with a false accept rate of 1 in 1.5 million for single eye authentication and a false reject rate of less than 1%. EyeLock has achieved significant technological breakthroughs and solved integration challenges that have historically been a barrier to mass-market adoption of iris authentication for mobile, IoT and other solutions.
Qualcomm Mobile Security is built upon the strength of Qualcomm® Snapdragon™ Mobile Platforms, and is designed to safeguard a device from security threats. Qualcomm Mobile Security authentication framework is engineered to provide multilevel security by combining a hardware-level solution with next-generation software for robust biometrics security. The newest Qualcomm Mobile Security components include camera security, hardware token and malware protection for the latest security measures.