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byometric systems delivers technology to drive the world’s largest installation of Iris recognition
A privately-held bank uses biometric solutions at its new headquarter to guarantee absolute access

Mitterfelden / Genf, October 10, 2006 – byometric systems AG 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 Picet & 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 circumvents 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 headquarter 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 server rooms (RECHENZENTREN???) will be closely monitored through the usage of iris recognition technology. As many as 70 high-resolution specialty 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, Chairman of byometric systems AG. “In those solutions, the biometric components is 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 at work. While this is more convenient for each employee, more importnantly, this solution eliminates a potential security gap, which exists through the re-use of lost or stolen or otherwise manipulated access cards through unauthorized personnel. A few years ago, granting access to people based on biometric recognition solutions alone – used to be science fiction”, continued Mr. Lau, and emphasized the visionary role of Picet by implemented this type of security solution.

“For byometic systems, 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:
byometric systems AG headquartered in Mitterfelden is a licensed partner of Iridian Technologies. Since 2001, byometric systems develops and delivers access control and security systems based on iris recognition technology. Other software projects include „byoport“, which controls biometric immigration at the airport in Frankfurt (Main) since February 2004. biometric system is the market leader as the sole development and distribution partner in the German speaking countries , as well as nine eastern European EU countries, of the patent-owner Iridian.

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 (USD????). Pictet Group specialisezes on asset management for the following areas: private and insistuional assset management, management of fonds, global stock management and the family office. The group employes in excess of 2.000 people at its offices in Geneva, Lausanne, Milan, Florence, Turin, Luxembourg, Montreal, Nassau, Singapore, Hongkong, and Tokyo.

Publisher Contact Information:

byometric systems AG
+49 8654- 5763 0

Company profile of byometric systems AG
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