TIE Technologies unveils BIO Metric and intelligent video technology development project
Edward Andercheck, chairman and CEO of TIE Technologies: “Today’s science has made it possible to identify and authenticate the ‘one of a kind’ unique BIO Signature generated by individuals entering or leaving designated areas, thereby enabling the protection of buildings and weapon systems, and empowering security in large cities everywhere.”
TIE Technologies, Inc. announced today the TIE TeleMetric Inc.’s BIO Metrics and Intelligent Video research and development project which focuses on positive identification technologies.
The U.S. Department of Defense Enterprise Strategic Plan focuses on programs that develop “measurable physical and behavioral characteristics that enable the establishment and verification of an individual’s identity.” TIE says that the great opportunity within the next generation of biometrics solutions is to open new technology horizons enabling national defense agencies to have positive identification of potentially hostile targets, while supplying commercial and government team members with anti-fraud and security breach protections.
The U.S. government has formed a national security agency called the Biometrics Identity Management Agency (BIMA), which leads the Department of Defense’s activities to prioritize, integrate, and synchronize biometrics technologies and capabilities and to manage the DoD’s authoritative biometrics database to support the national security strategy.
“Tie TeleMetrics’ and several key strategic partners have launched this development project to evolve and integrate state of the art technologies in response to today’s heightened critical need for comprehensive actionable intelligence”, commented Edward Andercheck, chairman and CEO of TIE Technologies, following recent events in NYC. “We are working to bring BIO Metric identity authentication technology, smart video recognition systems, and integrated networks together to generate key predictive data for security personnel in advance of potential events. Today’s science has made it possible to identify and authenticate the ‘one of a kind’ unique BIO Signature generated by individuals entering or leaving designated areas, thereby enabling the protection of buildings and weapon systems, and empowering security in large cities everywhere.”
According to the Acuity Market Intelligence Group, the current market for biometrics alone has reached $2.5 billion and is expected to reach $11 billion by 2017, which represents a compound annual growth rate of 19.7 percent.
