NAPERVILLE, IL – April 6, 2011 – Stanley Convergent Security Solutions (Stanley CSS), part of Stanley Black & Decker (NYSE: SWK), the second largest commercial security services company in the United States and a leading provider of advanced integrated security solutions the world over, announces its strategic partnership with Hoyos Corporation (Hoyos). The partnership will deliver a suite of the most advanced, efficient, cost effective iris-based biometric technology product solutions to Stanley CSS ' s global client base. The Hoyos technology effectively eliminates identity-based fraud by securely matching people with the unique biometric markers associated with their irises. Hoyos' complete and innovative biometric access control technology includes proprietary camera, lighting technology, chip-sets, software and physical form factors for capturing iris data.
Under the terms of this strategic partnership, Stanley CSS has exclusive rights to distribute Hoyos proprietary technology, products and solutions in the U.S. and Europe. Additionally, Hoyos will transition its entire current global client base, including U.S. governmental agencies, foreign governments and large corporations and financial institutions to Stanley CSS for management. The partnership allows Stanley CSS to expand its expertise in providing high-level security solutions to existing clients, especially in the government and financial sectors. Furthermore, this partnership will provide Hoyos with the financial and operational flexibility to continuously expand its portfolio of identity-based, biometric technology product solutions.
"Stanley's partnership with Hoyos exemplifies our commitment to identifying, developing and marketing innovative and revolutionary technologies in the security industry," stated Brett Bontrager, Senior Vice President & Group Executive, Stanley Security Solutions, for Stanley Black & Decker. "For more than 150 years Stanley has been focused on bringing the most innovative technologies to commercial, industrial, government, education and healthcare markets. The Hoyos offering is very exciting technology and Stanley is committed to bringing this to our most valued clients around the globe."
For the past twenty years, Chairman and Chief Executive Officer of Hoyos Corporation, Hector Hoyos, and co-founder Dr. Keith Hanna have been influential pioneers in the research and development of biometric authentication systems, bringing the value and accuracy of iris-scanning technology to the forefront of the security and identity discussions.
"Hoyos' suite of iris-scanning technology product solutions including the HBOX , EyeSwipe-Mini and EyeSwipe-Nano provide the most accurate identification and access control solutions available in the market," said Hector Hoyos, Chairman and Chief Executive Officer of Hoyos Group.
About the Technology:
- The Hoyos suite of product solutions scans a user ' s iris at a distance while the person is in motion at the rate of approximately one person per second. The high throughput accuracy and ease of use make this device a highly attractive product for commercial, industrial and high-density residential property usage.
- The products detect liveness in the iris in order to prevent fraud and ensure the user is a living person; the life verifier recognizes the absence of a live person and denies access.- The human iris has roughly 2,000 points that are variable from person to person, making it the most stable biometric template available. Its error rate is one in 100 million squared.