Thursday, 22 December 2011
SMARTRAC and UPM Join Forces
SMARTRAC N.V. announced that the company has reached an agreement with UPM-Kymmene Corporation (UPM) by which SMARTRAC will take over UPM's RFID business while UPM-Kymmene Corporation will become an indirect stockholder of SMARTRAC. The transaction is still subject to certain customary conditions, including regulatory approvals.
"We are very pleased that we were able to win UPM-Kymmene Corporation as industrial investor of SMARTRAC N.V.", said Dr. Christian Fischer, CEO of SMARTRAC. "We are convinced that the world-class experience, innovative spirit, and leadership of UPM-Kymmene Corporation will highly benefit our company".
Causeway Link Integrates Arcontia's Onboard Light Validator
Arcontia Technology AB, a Swedish producer of contactless smart card readers and terminals, today announces that Handal Indah Sdn Bhd (Causeway Link), one of the largest bus company providers, based in Johor Bahru, Malaysia, has integrated onboard light bus validators from Arcontia into their new ticketing system.
Handal Indah recently implemented a new fare payment system based on NXP's MIFARE contactless technology. The ManjaLink fare card system is the first contactless-card based Automatic Fare Collection (AFC) system introduced for public transport in Johor Bahru. The system utilizes ARC2330 validators from Arcontia, providing faster, easier and more convenient means of payment for travellers.
The ARC2330 validator is a compact ISO 14443 A/B smart card reader with a graphical LCD display. Compliant with the entire MIFARE family, Smart MX, FeliCa, Calypso and ISO 18092 Near Field Communication (NFC), ARC2330 is ideal for high frequency contactless applications that require speed and convenience for fast transactions and quick passenger throughput.
BearingPoint Awards Gemalto for its Innovation Efficiency
Gemalto announced it has won the prestigious BearingPoint innovation management award ("Agile Innovation Award") for its think tank initiative "BIG" (Business Innovation Garage). BIG provides Gemalto's 10,000 employees company-wide with a structured process to submit and manage any innovative ideas they have. Ideas covering wide-ranging fields of application - from communication, payment, transport, Internet access, and machine-to-machine application - are systematically challenged, audited, developed and eventually selectively turned into incubation cells.
The award specifically recognised eGo, a revolutionary new technology that uses intra-body communication properties to convey digital credentials onto devices such as a person's car, phone or door-lock. It is exemplary of how Gemalto fosters innovation and structures individuals' dreams into development of incubation cells.
"We recognize Gemalto's ability to deliver and test prototypes very quickly, and set clear milestones for either developing the project or discarding the idea," commented Isabelle Denervaud, Associate Director Innovation and R&D, BearingPoint. "The BIG process is remarkable in that it ensures the same level of employee buy-in, for both "go" and "no-go" decisions."
Accenture Awarded $71 Million Contract
The U.S. Department of Homeland Security (DHS) has awarded Accenture Federal Services a 13-month, $71 million contract to further enhance the capabilities of its immigration and border management functions.
The contract supports the United States Visitor and Immigrant Status Indicator Technology (US-VISIT) program, a biometric and biographic identity management system that helps federal, state and local officials determine if travellers can legally enter or remain in the United States. Work will include increasing the number and types of biometrics used in identification and adding technical services and capabilities to support users of the system.
ImageWare Systems Completes $10 Million Equity Financing
ImageWare Systems a leader in multimodal biometric security solutions announced the completion of a $10 million equity financing in a private placement to a group of institutional and qualified individual investors. MDB Capital Group LLC, an investment bank focused exclusively on companies possessing or seeking to develop market changing, disruptive technologies and intellectual property (IP), acted as sole placement agent for the offering.
ImageWare sold 20 million shares of its common stock at $0.50 per share for gross proceeds to the Company of $10 million.
"We believe this financing gives us the working capital to successfully execute the Company's long-term business plan," said ImageWare Chairman and CEO, Jim Miller. "For the first time in many years, ImageWare is debt free and fully funded, allowing us to aggressively and competitively bid for new business without the lingering cloud of how our balance sheet appears to our potential customers. We expect this difference to be meaningful and help propel our growth.
SecurEnvoy Welcomes Windows 8 Photo-login Security
SecurEnvoy has welcomed news that Windows 8 will offer users the opportunity to log in using a gesture-authenticated photo, but cautions that pictorial login technology may come as a disappointment to some users.
According to Steve Watts, co-founder of SecurEnvoy Windows 8's pictorial authentication will rely on the accuracy of the touch screen device, as well as the accuracy of the user's gestures when logging in.
"Microsoft's move is, however, definitely a step in the right direction - especially against the backdrop of PINs and passwords being hackable using a variety of cybercriminal methodologies," he said.
We should remember though that users demand the flexibility to connect from any device anyware not just from their Windows 8 laptop. They may wish to travel light and connect to the office on their iPad, smart phone or just use the hotel lobby browser.
"The reality is, that the precision, irrefutability and convenience of tokenless two-factor authentication makes this form of security a far better choice for most users, especially since they can use their smartphone to authenticate themselves," he added.
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