Frost & Sullivan Names Ultra-Scan 2004 Biometrics Entrepreneurial Company of the Year.Business Editors/High-Tech Writers MIAMI--(BUSINESS WIRE)--May 20, 2004 --Frost & Sullivan presented Ultra-Scan Corporation with the 2004 Biometrics Entrepreneurial Company of the Year Award, at last night's 2004 Excellence in Industrial Technologies Awards Banquet, in recognition of its pioneering work in biometrics, employing high frequency ultrasonic ultrasonic /ul·tra·son·ic/ (-son´ik) beyond the upper limit of perception by the human ear; relating to sound waves having a frequency of more than 20,000 Hz. ul·tra·son·ic adj. 1. technology to generate fingerprint images. Frost & Sullivan presents this award each year to an emerging company that demonstrated superior entrepreneurial ability in its industry. This award signifies the company's identification of a unique and revolutionary product solution with significant market potential. Additionally, it recognizes that the company's marketing strategy is sound and poised for success. Ultra-Scan's unique fingerprint ID system is the first to incorporate high-performance ultrasonic technology to accurately read and enroll virtually any person in any environment with unsurpassed accuracy. Ultra-Scan's ultrasonic biometric platform is based on LUIS(TM) (Livescan Ultrasonic Identification System), a breakthrough in enabling technology. The ID system offers unmatched performance for millions of records plus unique software for real-time diagnosis and system monitoring A System Monitor (SM) is a process within a distributed system for collecting and storing state data. There are many issues involved with designing and implementing a system monitor. and is designed for individual identification applications in healthcare, finance, retail, government and homeland security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States . Although optical technology based fingerprint readers A scanner used to identify a person's fingerprint for security purposes. After a sample is taken, access to a computer or other system is granted if the fingerprint matches the stored sample. A PIN may also be used with the fingerprint sample. currently dominate the fingerprint biometrics market, Ultra-Scan's ultrasonic fingerprint readers are far more accurate in comparison and are likely to generate significant opportunities for the company in the future. "Ultra-Scan's fingerprint readers use high frequency sound waves to measure the ridges and valleys of fingerprints without regard for dirt, grease, ink, moisture, grime, or other substances routinely found on the fingers," says Frost & Sullivan biometrics program manager, Prianka Chopra. "It can accurately read virtually every human fingerprint, even young children and different ethnic subgroups such as Asian women that have proven to be difficult subjects for optical scanners See scanner. ." The company holds seven U.S. patents and has 11 patents pending covering its technology and fingerprint solutions using ultrasonic waves. A vital component of Ultra-Scan's strategy has been to license its unique technology to leading hardware makers and systems integrators as technology partners that will incorporate high-accuracy ultrasonics ultrasonics, study and application of the energy of sound waves vibrating at frequencies greater than 20,000 cycles per second, i.e., beyond the range of human hearing. into their fingerprint identification and security systems. "Ultra-Scan's clearly focused strategy is based on its software strengths while outsourcing the manufacturing of the hardware equipment to third-party manufacturers," notes Chopra. Ultra-Scan's ultrasonic reader would not have been a complete solution without Ultra-Scan's highly efficient algorithms and robust Automatic Fingerprint Identification System Automated Fingerprint Identification System (AFIS) or Automated Fingerprint Verification System refers to a computer system capable of establishing the identity of an individual through fingerprints. (AFIS AFIS Automated Fingerprint Identification System AFIS Aerodrome Flight Information Service AFIS Armed Forces Radio and Television Service AFIS Airborne Flight Information System AFIS Automated Fingerprinting Identification System (Pakistan) ) software. Ultra-Scan's IDExpress Enterprise AFIS software application is highly configurable to support virtually any business rules or workflow process. IDExpress Enterprise can readily accommodate any size population, operate with any high performance relational database relational database Database in which all data are represented in tabular form. The description of a particular entity is provided by the set of its attribute values, stored as one row or record of the table, called a tuple. system and provide a wide range of identification services. Recently, Ultra-Scan's fingerprint readers are compatible with the military, the Underwriters Laboratories Underwriters Laboratories Inc. is a U.S. not-for-profit, privately owned and operated product safety testing and certification organization. Based in Northbrook, Illinois, UL develops standards and test procedures for products, materials, components, assemblies, tools and (UL), the Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. (FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. ), and European Testing standards. These highlight industry support and confidence in the technology and the company. Government agencies such as Department of Defense in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. form the biggest customer base for Ultra-Scan's product offerings. Healthcare has also emerged as a big vertical for Ultra-Scan and is expected to contribute a significant portion to the company's revenues. Held in Miami, the Frost & Sullivan banquet honored world-class companies for outstanding performance and achievements in industrial technologies. An annual event, the banquet recognized the quality and merit of distinguished individuals and companies. About Ultra-Scan Corp. Ultra-Scan Corp. is a pioneer in the development of high-accuracy ultrasonic fingerprint identification technology. The company holds an extensive portfolio of patents on its techniques using ultrasonics for automatic fingerprint identification. Ultra-Scan develops and licenses its unique technology to companies, organizations, and government agencies around the world. For further information, visit www.ultra-scan.com. About Frost & Sullivan Founded in 1961, Frost & Sullivan is recognized as a global leader in growth consulting. Frost & Sullivan Awards are presented to companies that demonstrate excellence in their industry, commending the diligence, commitment, and innovative business strategies required to advance in the global marketplace. Frost & Sullivan rigorously analyzes specific criteria to determine award recipients in a vast variety of market industries and landscapes. For further information, visit www.frost.com. |
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