SAN DIEGO--(BUSINESS WIRE)--iWallet Corporation (OTCQB: IWAL), the secure luxury techcessories developer, today announced a strategic alliance with NEXT Biometrics Group ASA (OAX: NEXT) to introduce a turnkey biometric identification solution, iWallet Password, based on NEXT Biometrics’ NB-3010-U ergonomic USB desktop fingerprint reader, a ready-to-use peripheral with USB interface designed to entirely replace passwords when logging into notebooks and tablets.
“Ongoing security challenge issues such as identity theft and data breaches continue to drive the adoption of biometrics as a security solution. Fingerprint authentication is at an inflection point. Apple’s successful integration of fingerprint technology in the iPhone and the integration of face and iris recognition into Windows 10, are just two examples of how major tech players are moving towards faster and more localized password-free authentication methods,” said Jack Chadsey, CEO of iWallet Corporation.
The announcement follows recent news that NEXT’s NB-2020S fingerprint sensors will be incorporated into iWallet’s portfolio of biometric products, featuring its patented BIO-BLU™ Biometric Bluetooth® smart locking technology, designed to protect credit cards, jewelry, prescription medications and other valuables, which are available through its retail division and strategic licensing agreements.
“NEXT Biometrics is the first in the market to meet the industry’s need for a low-cost, compact, high-quality USB fingerprint reader that can be leveraged for large-scale consumer use, potentially translating to sales equal to tens of thousands of units,” added Chadsey. “By reducing the cost of high-quality hardware, iWallet Password is opening the door for broader adoption of fingerprint biometric authentication and poised to be a true game-changer in password-free security.”
About iWallet
Headquartered in San Diego, California, iWallet (www.iwalletusa.com) is a secure, luxury techcessories company, focused on its robust patent and trademark portfolio in the growing biometric market and combining the latest security features with luxury appointments.
About NEXT Biometrics
NEXT BIOMETRICS GROUP ASA is a publicly listed company headquartered in Oslo, Norway, with sales, support and development subsidiaries in Seattle, Taipei and Shanghai. Enabled by its patented Active Thermal Principle, NEXT (www.nextbiometrics.com) offers high quality area fingerprint sensor at a fraction of the prices of comparable competitors. A wide range of product formats including Smartphones, Tablets, PC's, Doors, Time registration systems, Wearables, Payment terminals, Flashdrives, Usb-tokens, Key fobs and many more are targeted. Charles Ng, member of the Board of Directors at iWallet, also serves as VP of Sales at NEXT Biometrics.
Forward-Looking Statements
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