Hoyos Group Selected to Demonstrate Revolutionary Iris-Scanning Product Solution at FinovateSpring Conference

Breakthrough Solution Poised to Eradicate Identity Theft and Financial Fraud

May 05, 2011, 14:15 ET from Hoyos Group

NEW YORK, May 5, 2011 /PRNewswire/ -- Hoyos Group (Hoyos), a leading enterprise company with a 25 year history commercializing transformative ideas, today announced that it has been selected to demonstrate the first commercially scalable, mobile iris- scanning solution at the FinovateSpring Conference on May 10-11 in San Francisco, Calif.

Hoyos will demonstrate its mobile iris-scanning solution to the most influential members of the financial technology community on May 10, 2011. The pocket-sized device employs the same commercially deployed iris-scanning technology that powers Hoyos' successful HBOX ® and EyeSwipe suites of products. Hoyos product and technology solutions are deployed and trusted by government agencies, Tier 1 banking institutions, corporate headquarters and international governments and institutions.

"Iris-based systems guarantee a level of security and identity protection that is unparalleled by any other biometric, password encrypted or card-based system in existence today. Without hyperbole, the Hoyos mobile iris scanning technology solution will have an enormous impact on identity theft and fraud," said Jeff Carter, Chief Business Development Officer of Hoyos. "We are revolutionizing the way individuals interact with and protect all aspects of their physical and digital identity. The Hoyos product and technology solution perfectly aligns with the Obama Administrations objective to create a secure infrastructure and replace user names and passwords. The Hoyos solutions will soon become the default solution for protecting personal identity," he added

FinovateSpring is an exclusive two-day conference that selects companies to showcase and demonstrate the newest and most exciting financial and banking technology innovations. This year's conference will take place from May 10-11, 2011 at the San Francisco Concourse Exhibition Center.

Hoyos recently signed an exclusive distribution agreement with Stanley Convergent Security Solutions, the second largest commercial security services company and part of Stanley Black & Decker (NYSE: SWK), to bring its iris-scanning identity technologies to the government, commercial and industrial sectors. This partnership will provide Hoyos with the financial and operational flexibility to continuously expand its portfolio of identity-based, biometric technology product solutions.

About Hoyos Group

Hoyos Group is a leading enterprise company with 25 a year history of successfully commercializing transformative ideas that transcend market sectors including Finance, Technology and Hospitality. The company holds deep expertise in strategic management, financial services, product commercialization, marketing and strategic business development.

The Hoyos Group of companies has commercialized some of the most important technology innovations in the world from super-computers to Praetorian 3D video modeling technology and most recently, the Hoyos in-motion iris biometric suite of products an technology solutions and EyeLock, the first mobile iris scanning product and multi-sided network architecture.

Media Contacts: Sharron Silvers / Samantha Wolf KCSA Strategic Communications (212) 896-1282 / (212) 896-1220 ssilvers@kcsa.com / swolf@kcsa.com

SOURCE Hoyos Group