EyeLock Inc., a provider of iris-based identity authentication solutions, announced its strategic partnership with Stanley Security Solutions or SSS, part of Stanley Black & Decker (SWK), to further commercialize EyeLock's iris-biometric offerings.
EyeLock said it provides a suite of the most user-friendly, scalable and cost-effective, iris-based identity authentication solutions, which will be an added differentiator to SSS's existing security solutions. The EyeLock suite enables SSS to bolster its global distribution and organic growth strategy across key vertical markets, with a key focus on the financial services, banking, healthcare, industrial, education and government sectors.
As per the terms of this strategic partnership, SSS has acquired the exclusive rights to distribute EyeLock's proprietary technology, products and solutions for access control applications in the U.S., Canada and Europe. The partnership enables SSS to expand its expertise in providing high-level security solutions to existing clients. Additionally, the technology will be made available to the broader commercial market-at-large through a newly formed EyeLock Certified Dealer Program, which will expand SSS's global reach and contribute to the Company's organic growth strategy.
This partnership will also provide EyeLock with the financial and operational flexibility to accelerate and expand its portfolio of identity authentication solutions and focus on developing next generation applications for the mobile, cyber and logical access markets, EyeLock said.
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