2007-11-14

Hoover's - Lockheed Martin, IriTech to Cooperate on Iris Technology

11/14/2007 05:06:04 PM EST
Terror Response Technology Report

Firming up access to a key biometric technology, Lockheed Martin [LMT]

has signed a cooperative agreement with IriTech, which specializes in advanced

algorithms and software systems for iris recognition. Lockheed Martin works with

both L-1 Identity Solutions [ID] and IriTech currently for iris recognition

technology but wanted to strengthen its relationship with IriTech to guarantee a

second source of supply for when Lockheed Martin competes against L-1 on

programs, John Mears, who has the lead function for Lockheed Martin's Biometric

Task Force, tells TR2. He points out that a lot of the company's customers want

it to have two sources of supply for various systems and products. The agreement

is non-exclusive, he says. For IriTech the partnership gives it stronger access

to Lockheed Martin's global presence and allows it to be in closer touch with

potential customers' needs, Mears says. Fingerprint, facial recognition, iris

and palm print technology are the most important biometric technologies in the

near-term, Mears says.


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