Market Overview

Princeton Identity Receives Three New Patents for Iris Recognition Technology

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Continued innovation results in intellectual property portfolio growth

Princeton
Identity
, provider of the fastest, simplest and most secure
biometric security system on the market, today announced three new
patents related to innovations in iris recognition technology that the
company was awarded by the U.S. Patent and Trademark Office (USPTO).

The new patents include:

  • Patent 10042994 for Validation of the Right to Access an Object.
  • Patent 10025982 for Collecting and Targeting Marketing Data and
    Information Based upon Iris Identification.
  • Patent 10038691 for Authorization of a Financial Transaction.

The new patents represent the application of Princeton Identity's unique
approach to iris authentication in three very important market areas:
access, marketing, and financial transactions. Using the techniques
described in these patents, Princeton Identity advances the application
of iris identification and personnel authentication much more broadly
than physical security and represents the anticipated adoption of these
technologies in the broader marketplace.

"We're extremely excited that the USPTO has recognized Princeton
Identity's latest inventions and team of biometrics experts," stated
Mark Clifton, CEO of Princeton Identity. "With over 11 patented
technologies in our portfolio and many more pending, we continue to
demonstrate our commitment to creating the most advanced and accurate
iris recognition-based solutions to ensure accurate and convenient
authentication of people and access to assets."

Quickly gaining recognition as a leader in advanced biometric security,
Princeton Identity's technology is present in the busiest international
airport in the world, prominent financial institutions, major
universities, sports stadiums and the largest American manufacturing
company. The company has deployments within the U.S. Department of
Defense, and its identification software has been integrated into over
90 million mobile devices in over 120 countries.

To learn more about Princeton Identity, please visit www.princetonidentity.com.

About Princeton Identity

Princeton Identity offers the fastest, simplest and most secure
biometric security system on the market. Leading the revolution toward a
more intuitive, efficient and natural security experience that keeps
people and business moving. Princeton Identity uses iris recognition and
other biometric technology to enable businesses, governments and global
organizations to streamline identity management, resulting in improved
safety and protection. Formerly a division of SRI International,
Princeton Identity was established as an independent venture in August
2016. For more information, visit http://princetonidentity.com/.

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