EyeLock enters license agreement with Qualcomm Mobile Security
03 August 2017 07:54 GMT

Iris-based identity authentication solutions firm EyeLock announced that it has entered into a license agreement with Qualcomm Technologies related to the latter's Mobile Security product.

EyeLock is developing iris authentication solutions that are designed to work with Qualcomm Mobile Security, the firms wrote in a statement, adding that this should enable OEMs across the entire IoT spectrum to use EyeLock iris tech.

"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."

The statement adds that EyeLock's proprietary iris authentication technology examines more than 240 unique iris characteristics of each eye  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%.