NEW YORK -- EyeLock Inc. announces it has entered into a licensing agreement with Wistron NeWeb Corporation (WNC) to embed EyeLock's patented iris authentication technology into a broad array of consumer and enterprise devices for applications across PCs, set-top boxes, network devices and automotive sectors. The partnership establishes EyeLock as the first company to have its patented, proprietary iris authentication technology embedded in original design manufacturer (ODM) devices.
Under the terms of the agreement, WNC will design, develop and market EyeLock-enabled modules, to be sold to the market-at-large, as well as incorporated into reference designs of devices for OEM customers.
"EyeLock and WNC will make iris identity authentication technology accessible to people around the world on the devices they use every day," said Anthony Antolino, Chief Marketing and Business Development Officer, EyeLock, Inc. "Our objective has been to change the way people access and protect their identities and the information most important to them. Delivering embedded solutions across consumer products creates easy, safe and ubiquitous identity access to the devices and services we use most," continued Antolino. "As one of the world's most recognized and innovative ODMs, our partnership with WNC brings us one step closer to that reality."
"Iris authentication technology is one of the most sought after integrated features in the market today," said Chun Lee, Senior Vice President, Global Business Development for WNC. "EyeLock's market leading technology is a valuable utility to OEM customers, the markets they serve and ultimately in helping consumers unlock even more capability from the devices and the services they bring to life. With WNC's vast reach in developing and manufacturing consumer and M2M products across networking, mobile, home, enterprise, automotive, satellite, wireless and broadband markets, WNC can greatly accelerate the time to market of this game changing technology."
EyeLock's technology provides an unprecedented level of convenience and security with unmatched biometric accuracy, making it the most proven way to authenticate ones identity aside from DNA. The company's advances in iris authentication have made it possible to incorporate this highly secure technology into consumer-oriented devices at scale without compromising the technology's accuracy or ease-of-use.
Electronic devices rely on passwords that are often forgotten and provide marginal security. The frequency and velocity of password breaches punctuates its vulnerability and the need to move away from password security protocols. EyeLock's breakthrough technology enables best practices of existing password protocols and sets the stage for rendering passwords obsolete. EyeLock has developed and brought to market a proprietary iris authentication technology that looks at more than 240 points in each eye, and is one of the only companies in the world to utilize dual-eye authentication.