PRIVATE BANK
byometric® systems AG delivers the technology to drive the world’s largest installation of Iris recognition systems
A privately-held bank uses biometric solutions at its new headquarters to guarantee absolute access security
Mitterfelden / Genf, October 10, 2006 – byometric® systems AG today announced that it has won the contract to supply the iris recognition technology for the to-date largest privately financed biometric implementation project worldwide.
As many as 70 cameras – specialized for iris recognition - will be used to provide 100% control at all security-sensitive areas at the new headquarter of the private bank Pictet & Cie Private Banquiers.
Providing internal access control is part of a worldwide unique biometric project run by the general contractor Interflex AG Schweiz, a wholly-owned subsidiary of Ingersoll Rand Security Technologies. For the first time, a business completely substitutes traditional security solutions, like PIN, access cards or keys. Instead, the Geneva-based bank will solely rely on modern security technologies as well as biometric recognition solutions.
Arriving and departing vehicles will be checked by using video camera-based automatic license plate recognition technology. Employee entrances to the headquarters will be relying on so-called speed gates with 3-D facial recognition technology to ensure that even during the morning rush, all 1.500 employees can access the building quickly – yet, without compromising access security.
The inner access of the bank, including the high security areas like vaults and IT data centers will be securely monitored through the usage of iris recognition technology. As many as 70 special high-resolution cameras will check access privileges and identity of each employee, based on the unique patterns of their irises.
“Until now, biometric recognition solutions have been mainly used in combination with conventional authentication solutions like a passport,” said Alexander Lau, founder and CEO of byometric® systems AG. “In those solutions, the biometric components are being used to verify that the user of a passport is in fact the owner of the passport. The Swiss bank required that employees will not be required to carry any identification badge at work. While this is more convenient for each employee, more importantly, this solution eliminates a potential security gap, which exists through the re-use of lost or stolen or otherwise manipulated access cards by unauthorized personnel. A few years ago, granting access to people based on biometric recognition solutions alone – would have been science fiction”, continued Mr. Lau, and emphasized the visionary role of Pictet by implementing this type of security solution.
“For byometric® systems AG, this implementation is another milestone, as well,” said Mr. Lau. “For the first time, we will have proof in a large scale project for our claim that iris recognition technology is powerful enough to recognize an unlimited number of individuals based on their eyes - 100 percent guaranteed.”
About byometric® systems AG:
byometric® systems AG, with its main office in Mitterfelden, Germany, has focused on iris recognition technologies and is the market leader in central Europe and the new eastern EU member countries. Founded in 2001 as a privately held company, byometric® systems AG is successfully developing and deploying solutions based on iris recognition technologies for enterprise and public use whenever access control combined with 100% secured information about the in- and outgoing persons is required. Since 2004 the Automated Border Control based on byometric® systems AG advanced technology “byoPort” is in use at Frankfurt Airport, currently serving more than 20.000 frequent travellers.
About Pictet & Cie Private Banquiers:
Pictet & Cie was founded in Geneva in 1805 and is one of the largest privately-owned banks in Switzerland. As of the end of 2005, it stored and managed 295 billion CHF (aprox. 365 billion USD). Pictet Group specializes on asset management for the following areas: private and institutional asset management, management of funds, global stock management and family office. The group employs in excess of 2.000 people at its offices in Geneva, Lausanne, Milan, Florence, Turin, Luxembourg, Montreal, Nassau, Singapore, Hongkong, and Tokyo.
About Interflex:
Interflex Datensysteme GmbH & Co. KG, Ingersoll Rand Security Technologies, offers complete solutions for time and production management, security systems including card production, biometrics as well as personnel scheduling. With more than 14,000 system installations managing more than 4.5 million employees, Interflex is the market leader in Europe. In 2005 (valuation as of December 31), 500 employees achieved 66 million euros in revenue (including Astrum-HR). The German company based in Stuttgart operates worldwide and supports its customers at 35 business locations in 12 countries. Founded in 1976, Interflex has been a business unit of Ingersoll Rand since 2000. Further information can be found on the company's website at www.interflex.de. Renowned companies, authorities and hospitals at home and abroad are among our customers: Deutsche Bank, Behr Group, Bertelsmann, Festo, Roche, the German Federal Ministry of Employment and Social Affairs, Henkel, the Hamburg Airport, Blohm & Voss, Motorola Germany, Brose, Carl Zeiss, Volkswagen, Weishaupt, and the Continental AG.
Interflex is a business of Ingersoll-Rand Company Limited, an industrial conglomerate and a leading innovation and solutions provider for the global markets in the Security Technologies, Climate Control Technologies, Industrial Technologies und Construction Technologies sector. Further information is provided on the company’s web site at www.irco.com.
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Mitterfelden / Genf, October 10, 2006 – byometric® systems AG today announced that it has won the contract to supply the iris recognition technology for the to-date largest privately financed biometric implementation project worldwide.
As many as 70 cameras – specialized for iris recognition - will be used to provide 100% control at all security-sensitive areas at the new headquarter of the private bank Pictet & Cie Private Banquiers.
Providing internal access control is part of a worldwide unique biometric project run by the general contractor Interflex AG Schweiz, a wholly-owned subsidiary of Ingersoll Rand Security Technologies. For the first time, a business completely substitutes traditional security solutions, like PIN, access cards or keys. Instead, the Geneva-based bank will solely rely on modern security technologies as well as biometric recognition solutions. Arriving and departing vehicles will be checked by using video camera-based automatic license plate recognition technology. Employee entrances to the headquarters will be relying on so-called speed gates with 3-D facial recognition technology to ensure that even during the morning rush, all 1.500 employees can access the building quickly – yet, without compromising access security.
The inner access of the bank, including the high security areas like vaults and IT data centers will be securely monitored through the usage of iris recognition technology. As many as 70 special high-resolution cameras will check access privileges and identity of each employee, based on the unique patterns of their irises. “Until now, biometric recognition solutions have been mainly used in combination with conventional authentication solutions like a passport,” said Alexander Lau, founder and CEO of byometric® systems AG. “In those solutions, the biometric components are being used to verify that the user of a passport is in fact the owner of the passport. The Swiss bank required that employees will not be required to carry any identification badge at work. While this is more convenient for each employee, more importantly, this solution eliminates a potential security gap, which exists through the re-use of lost or stolen or otherwise manipulated access cards by unauthorized personnel. A few years ago, granting access to people based on biometric recognition solutions alone – would have been science fiction”, continued Mr. Lau, and emphasized the visionary role of Pictet by implementing this type of security solution.
“For byometric® systems AG, this implementation is another milestone, as well,” said Mr. Lau. “For the first time, we will have proof in a large scale project for our claim that iris recognition technology is powerful enough to recognize an unlimited number of individuals based on their eyes - 100 percent guaranteed.”
About byometric® systems AG:
byometric® systems AG, with its main office in Mitterfelden, Germany, has focused on iris recognition technologies and is the market leader in central Europe and the new eastern EU member countries. Founded in 2001 as a privately held company, byometric® systems AG is successfully developing and deploying solutions based on iris recognition technologies for enterprise and public use whenever access control combined with 100% secured information about the in- and outgoing persons is required. Since 2004 the Automated Border Control based on byometric® systems AG advanced technology “byoPort” is in use at Frankfurt Airport, currently serving more than 20.000 frequent travellers.
About Pictet & Cie Private Banquiers:
Pictet & Cie was founded in Geneva in 1805 and is one of the largest privately-owned banks in Switzerland. As of the end of 2005, it stored and managed 295 billion CHF (aprox. 365 billion USD). Pictet Group specializes on asset management for the following areas: private and institutional asset management, management of funds, global stock management and family office. The group employs in excess of 2.000 people at its offices in Geneva, Lausanne, Milan, Florence, Turin, Luxembourg, Montreal, Nassau, Singapore, Hongkong, and Tokyo.
About Interflex:
Interflex Datensysteme GmbH & Co. KG, Ingersoll Rand Security Technologies, offers complete solutions for time and production management, security systems including card production, biometrics as well as personnel scheduling. With more than 14,000 system installations managing more than 4.5 million employees, Interflex is the market leader in Europe. In 2005 (valuation as of December 31), 500 employees achieved 66 million euros in revenue (including Astrum-HR). The German company based in Stuttgart operates worldwide and supports its customers at 35 business locations in 12 countries. Founded in 1976, Interflex has been a business unit of Ingersoll Rand since 2000. Further information can be found on the company's website at www.interflex.de. Renowned companies, authorities and hospitals at home and abroad are among our customers: Deutsche Bank, Behr Group, Bertelsmann, Festo, Roche, the German Federal Ministry of Employment and Social Affairs, Henkel, the Hamburg Airport, Blohm & Voss, Motorola Germany, Brose, Carl Zeiss, Volkswagen, Weishaupt, and the Continental AG. Interflex is a business of Ingersoll-Rand Company Limited, an industrial conglomerate and a leading innovation and solutions provider for the global markets in the Security Technologies, Climate Control Technologies, Industrial Technologies und Construction Technologies sector. Further information is provided on the company’s web site at www.irco.com.
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