Princeton Identity unveils first product under its new name

LAS VEGAS—At ISC West 2017 Princeton Identity showcased its new IOM Access200, its first offering following the company's August 2016 spin-off from SRI International.

“Our main goal is to make security convenient, and we think we're accomplishing that and to make it affordable for the end user,” Princeton Identity CEO Mark Clifton told Security Systems News.

The IOM Access200 will have face and iris recognition capabilities, as well as RFID or NFC technology and a five-inch touch screen.

“It'll have anti-spoofing and security,” Clifton said. “We think that that's very important, especially when you have security devices out at the edge that are recording a biometric they have to be extremely secure,” Clifton said.

“You can revoke a credit card number, you cannot revoke a biometric,” he said. “I think that … using multiple modalities of biometrics will become more popular as well so that being able to spoof or trick the device into believing that you're somebody else would be extremely difficult.”

Iris technologies are coming down in cost, he noted. “Because the price points have come down quite a bit, we'll be competing directly with a lot of the fingerprint readers that are out there.”

Clifton said that Princeton Identity will be delivering the product in Q3.

Funding from Samsung Ventures was instrumental in Princeton's spin-off. In late March, Princeton Identity's iris recognition technology will be incorporated into Samsung's new line of phones, the Galaxy S8.

“I think, because the price points have come down quite a bit we'll be competing directly with a lot of the fingerprint readers that are out there.”

Iris biometric technologies incorporated into a smart phone will lead to more adoption in the physical security space, according to Clifton. “When people start using iris recognition and things like that on their phones, like with the Galaxy S8, you're going to start to see people wanting to see that in their workplace and other applications,” he said. “You'll see the adoption go up quite a bit … as consumers use the convenient factors or capabilities on these phones.”

What will be the future of iris scan biometrics? “I think it's going to eventually replace RFID readers,” Clifton said. “I think you're going to see that the biometrics [devices] will start to compete with the prices with RFID readers.”

In February, the company moved into a new 12,000 square-foot space in New Jersey, and continues to operate a facility in Connecticut.