Business

L-1 Identity Solutions receives $4.9 million order for biometric devices
L-1 contracted to sell its hand-held detection device, identifying individuals via iris, finger, and face biometrics in a mobile situation, to unnamed U.S. government agencies
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Northrop's Florida unit to get $185M for surveillance systems
Congress’s supplemental war-time bill, which President George Bush recently signed, includes nearly $185 million for Northrop Grumman’s Joint STARS combat surveillance aircraft program
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New organization to fight multi-product threats
Five big technology hitters create a new organization aiming to address complex, multi-product, multi-vendor security threats
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Fujitsu promotes palm vein biometrics in U.S.
Palm vein architecture biometric technology is wide-spread in Asia, especially in Japan, where many banks use it in their ATMs; one reason for the popularity of the system in Japan is the stronger association made in Japanese culture between fingerprinting and criminality; Fujitsu believes other reasons — the fact, for example, that fingerprinting is not suitable for about 8 percent of the population — offer opportunities in the U.S. for its technology
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£500,00 boost for hi-tech firm
Warwick Warp has developed innovative technology in biometrics which dramatically improves the accuracy and speed of recognition of fingerprints; VCs are intrigued
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Identica Holdings Corporation
Identica champions one of the newest biometric technologies: Vascular pattern recognition, also referred to as vein pattern authentication; the technology offers several advantages over current biometric measures
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BAE Systems acquires Tenix Defense
BAE acquires versatile Aussie defense company; the acquisition grows BAE Australia significantly, taking the number of employees to more than 5,500 and current annual sales in excess of A$1.2 billion
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Washington, D.C. is U.S. second cybercity by high-tech employment
Growth in government’s need for technology sees Washington, D.C. becoming the U.S. No. 2 cyber city by high-tech employment; 132 of every 1,000 private sector workers work in high-tech
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French company's bid for Digimarc raises U.S. security concern
L-1 Identity Solutions’ Robert LaPenta says allowing French company Safran, which is 30 percent owned by the French government, to acquire U.S. ID card maker Digimarc would compromise security of U.S. citizens’ personal information
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A case for RFID and biometric security solutions
Greater reliability and convenience make a case for RFID and biometric security solutions
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Investing in biodefense companies, II
Billions of dollars are being spent on finding vaccines and treatments for possible bioterror attacks; investment analyst says that these billions of dollars in government spending notwithstanding, when considering an investment in a company doing R&D in the bioterror field, you should consider its non-terror-related biotechnology efforts, and the quality of its management team
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The neglected aspects of business continuity planning
Most business continuity plans fail to take into consideration the fact that in the aftermath of a disruption, organizations may have to handle large volumes of telephone calls from a variety of sources including
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Combined Systems acquires Penn Arms
As interest in less-lethal and tactical munitions grows, the acquisition of specialty arms manufacturer by a leading branded munitions maker would allow both to pursue new market opportunities more aggressively
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Biometrics market to reach $7.1 billion by 2012
Biometrics market shows a compound annual growth rate (CAGR) of 21.3 percent; fingerprint biometrics still leads the pack, with face recognition following
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German solar sector attracting investors
More and more investors are moving into the German solar energy sector; sector employment should grow from 41,000 jobs last year to around 110,000 by 2020
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