NEW YORK, Jan. 5, 2012 /PRNewswire/ -- EyeLock Inc. (http://www.eyelock.com/), a leading provider of iris-based identity management products and technology solutions, announced today that financial services veteran, Archibald Cox, Jr., will be joining the Company as part of its Board of Directors. Mr. Cox is the former Chairman of Barclays Americas.
Mr. Cox has more than 47 years of financial, investment and operating experience. Prior to joining Barclays, he was chairman and served on the board of several privately-owned businesses. He currently serves on the board of Unifi, Incorporated.
"EyeLock Inc. has a technology that will revolutionize the financial services industry, addressing billion dollar issues such as fraud prevention and identity theft. Having Archie Cox as a member of our Board will help us better understand the challenges facing the financial services industry so we can best meet their needs," said Jim Demitrieus, CEO, EyeLock Inc. "Archie is a strong leader with unparalleled experience; he will make a great addition to our Board and help define the future of EyeLock."
"I have been in the financial and industrial sectors for decades and have experienced the introduction of several technologies that have had a pivotal impact on the marketplace. I believe EyeLock represents a transformative shift in fraud protection and identity verification. The company provides a critical missing component needed for the future of the global financial services sector at large and industry in general. The impact this company will have on the financial services industry will rival the advent of the ATM and the personal PIN and password," said Archibald Cox, Jr.
Mr. Cox began his career at Morgan Stanley & Co. in 1964. In 1977 he launched Morgan Stanley International in London and served as its Chief Executive Officer until he resigned in 1988. After that position, he served as President and Chief Executive Officer of The First Boston Corporation from 1990 until 1993. From 1995 until 2006 Mr. Cox was President and CEO of Magnequench International, Inc., Anderson, Indiana and Singapore, a manufacturer of rare earth magnetic materials and magnets.
Mr. Cox holds a bachelor's degree in Economics from Harvard College and an MBA from Harvard Business School.
EyeLock Inc., (formerly known as Global Rainmakers, Inc.) is a leading technology provider of iris-based identity management products and technology solutions. Transforming the way identities are authenticated and protected, the Company offers a broad suite of breakthrough solutions for the identity management, access control, border control and logical access sectors.
The Company's proprietary, iris-based identity management solutions are cost-effective, scalable and easy-to-use iris recognition systems that operate while a person is in motion and at a distance. EyeLock Inc. delivers products and solutions where privacy, convenience and security are synonymous.
KCSA Strategic Communications
SOURCE EyeLock Inc.