RISHON LEZION, Israel, July 19, 2016 /PRNewswire/ --
FST Biometrics, the leading biometric identification solutions provider, today announced that more than 1.5 million successful identifications are taking place each month around the world with its IMID access system.
In addition, the company announced that it has increased its customer base by 30% in the past 12 months from the financial, corporate, health and real estate markets.
"The feedback we have received from customers and customer prospects is astounding," said Maj. General (Res.) Aharon Zeevi Farkash, FST's founder and CEO. "Our technology now has market-proven scalability, with more than 1.5 Million monthly identifications taking place. We are ready for the coming period of aggressive growth."
The last 12 months have also been a time of significant feature additions for IMID Access, FST's core product. These new features have readied the product for the enterprise markets, and these large customers are already moving forward with implementations.
"The past 12 months have demonstrated that the demand for FST's IMID system is robust around the world," said Gary Fegel, founder of GMF Capital and FST's largest shareholder. "With FST's outstanding management team, led by Aharon Zeevi Farkash, and the company's strong board of directors, including former Israeli Prime Minister Ehud Barak and the incoming chairman Avi Naor, FST is poised to continue to grow significantly in the coming months."
About FST Biometrics
FST Biometrics founded by Major General (Res.) Aharon Zeevi Farkash is a leading identity management solutions provider. The company's IMID™ product line offers access control through its proprietary In Motion Identification technology. This provides the ultimate security and convenience for users, who are accurately identified without having to stop or slow down. IMID™ solutions integrate a fusion of biometric and analytic technologies that include face recognition, body behavior analytics and voice verification, for a variety of venues including large corporations, office buildings, educational institutions, government bodies in addition to health and recreation centers. For more information, please visit http://www.fstbm.com.
Finn Partners, for FST Biometrics
SOURCE FST Biometrics