Inventor of Iris Recognition, Professor John Daugman, Joins L-1 Identity Solutions, Inc.Scientific Pioneer Separately Settles Long-Standing Dispute with Iridian and Delivers to L-1 Enhanced Iris Recognition Iris recognition is a method of biometric authentication that uses pattern recognition techniques based on high-resolution images of the irides of an individual's eyes. Not to be confused with another less prevalent ocular-based technology, retina scanning, iris recognition uses Algorithms STAMFORD, Conn. -- L-1 Identity Solutions, Inc. (NYSE NYSE See: New York Stock Exchange :ID) today announced that Professor John Daugman John Daugman is a physicist and computer-vision expert at the University of Cambridge Computer Laboratory. He is best known for his pioneering work in biometric identification, in particular the development of the Gabor wavelet based iris recognition algorithm that is (as of 2006) , the world-renowned scientist who invented iris recognition, has signed a three year consulting agreement with L-1 as Chief Scientist for Iris Recognition. Dr. Daugman will report through the L-1 Corporate Research Center and split his time between his current faculty member position at Cambridge University Cambridge University, at Cambridge, England, one of the oldest English-language universities in the world. Originating in the early 12th cent. (legend places its origin even earlier than that of Oxford Univ. and his new position as the L-1 Chief Scientist for Iris Recognition. Separately, the Company announced that Dr. Daugman settled his long-standing dispute with Iridian Technologies, Inc., which was acquired by L-1 in late 2006, and now operates as a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of L-1. As part of that separate agreement, Dr. Daugman delivered to L-1, and assigned all rights and ownership to L-1, of certain enhanced iris recognition algorithms that Dr. Daugman has developed over recent years. L-1 will market its core iris recognition algorithms, as enhanced by the robust derivatives now delivered by Dr. Daugman, as the "Daugman Algorithm". Financial terms of the settlement agreement were not disclosed. In his role as the L-1 Chief Scientist for Iris Recognition, Dr. Daugman brings to the Company many years of research experience and industry contributions in computer vision and information processing information processing: see data processing. information processing Acquisition, recording, organization, retrieval, display, and dissemination of information. Today the term usually refers to computer-based operations. . As the world's first, and still most accurate, method for iris recognition, the Daugman Algorithm is the basis of every publicly deployed iris recognition system today. More than 50 million persons worldwide have had their iris patterns mathematically enrolled by the Daugman Algorithm. Iris recognition is arguably the most accurate biometric technology and offers superior speed, scalability and mobility for biometric identification Noun 1. biometric identification - the automatic identification of living individuals by using their physiological and behavioral characteristics; "negative identification can only be accomplished through biometric identification"; "if a pin or password is lost or . Dr. Daugman's enhancements to his core older algorithms improve their performance with poorer images, off-axis gaze, and more unusual eyes. Professor Daugman will work with the L-1 Corporate Research Center, collaborating closely with Chief Strategic Officer Dr. Atick to develop next generation technologies, such as developing more robust algorithms to deliver unparalleled matching accuracy in more challenging iris acquisition scenarios (such as iris on the move, at a distance and from low cost sensors). His continuing research and algorithm developments will be instrumental in extending L-1's lead with the most advanced and innovative biometric recognition technologies for face, finger and iris. Dr. Daugman received his BA and Ph.D. from Harvard University, then was appointed to the Harvard faculty, and in 1991 joined Cambridge University as a faculty member. Before and during his tenure at Cambridge, he also has held visiting professorships at the University of Groningen Degree programmes Bachelor's degree programmes The Bachelor phase lasts three years and after successful completion of a Bachelor's programme result in a BSc or BA degree. There are a total number of 61 Bachelor degree programmes. as the Johann Bernoulli Professor of Mathematics and Informatics, and at the Tokyo Institute of Technology Tokyo Institute of Technology (東京工業大学 as the Toshiba Endowed Chair. He has served as an associate editor of key journals such as the IEEE Transactions on Pattern Analysis and Machine Intelligence The IEEE Transactions on Pattern Analysis and Machine Intelligence (TPAMI) is a monthly journal published by the IEEE Computer Society. It presents the most important research results in areas including all traditional areas of computer vision and image understanding, all . Dr. Daugman received numerous awards for his exemplary work in computer vision, statistical pattern recognition, neural computing, and wavelet (mathematics) wavelet - A waveform that is bounded in both frequency and duration. Wavelet tranforms provide an alternative to more traditional Fourier transforms used for analysing waveforms, e.g. sound. theory, including the U.S. Presidential Young Investigator Award (National Science Foundation), and the Information Technology Award and Medal of the British Computer Society Established in 1957, The British Computer Society (BCS) is a body that represents those working in Information and Communications Technology ICT. It is the largest United Kingdom-based professional body for computing. . Other accolades include being named as a "Time 100" Innovator and receiving the OBE (the Order of the British Empire). About L-1 Identity Solutions L-1 Identity Solutions, Inc. (NYSE: ID), together with its portfolio of companies, offers a comprehensive set of products and solutions for protecting and securing personal identities and assets. Leveraging the industry's most advanced multi-modal biometric platform for finger, face and iris recognition, our solutions provide a circle of trust around all aspects of an identity and the credentials assigned to it -- including proofing, enrollment, issuance and usage. With the trust and confidence in individual identities provided by L-1 Identity Solutions, government entities, law enforcement and border management agencies, and commercial enterprises can better guard the public against global terrorism, crime and identity theft fostered by fraudulent identity. L-1 Identity Solutions is headquartered in Stamford, CT. For more information, visit www.L1ID.com. ID-L Forward Looking Statements This news release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements in this press release and those made from time to time by L-1 Identity Solutions through its senior management are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements reflect the Company's current views based on management's beliefs and assumptions and information currently available. Forward-looking statements concerning future plans or results are necessarily only estimates, and actual results could differ materially from expectations. Certain factors that could cause or contribute to such differences include, among other things, the availability of government funding for L-1's products and solutions, the size and timing of federal contract awards, performance on existing and future contracts, general economic and political conditions and other factors affecting spending by customers, and the unpredictable nature of working with government agencies. Additional risks and uncertainties are described in the Securities and Exchange Commission filings of the L-1 Identity Solutions, including the Company's Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended September 30, 2006. L-1 Identity Solutions expressly disclaims any intention or obligation to update any forward-looking statements. |
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