A4Vision Announces Motorola Investment
Mar 7, 2005 - A4Vision Inc, global leader in advanced identification software and 3D facial imaging products and technology, today announced that Motorola Ventures, the venture capital arm of Motorola, Inc. (NYSE: MOT) made a strategic investment in the company. The company also announced a commercial relationship to develop and deliver 3D facial biometrics identification with Motorola’s Government and Enterprise Mobility Solutions business. The partnership will leverage A4Vision’s award-winning 3D facial identification biometric technology for mission-critical applications in public safety, government and enterprises worldwide.
“Motorola’s investment is a highly notable achievement for A4Vision, considering Motorola’s practice of strategically aligning only with companies demonstrating vision, creativity, and business acumen and compatibility with Motorola technology and solutions,” said A4Vision CEO Grant Evans. “We anticipate exciting developments and opportunities to emerge with Motorola. ”
“A4Vision’s technology fits Motorola Venture's investment profile and offers cutting-edge biometric products and solutions that will help strengthen Motorola’s position within the biometric market place,” said Warren Holtsberg, corporate vice president, equity investments. “Motorola entered into the biometrics market place as result of Motorola's Government and Enterprise Mobile Solution's (GEMS) acquisition of Printrak International Inc. in November 2000.“
A4Vision has been shipping 3D biometric products for access control, secure authentication and verification and database enrollment, since October 2003. More information is available and products may be ordered at http://www.a4vision.com About Motorola Ventures.
Motorola Ventures (MV) is the global, strategic venture capital investment arm of Motorola, Inc. MV actively invests at all stages in developing companies of strategic value to Motorola in order to accelerate access to new technologies, new markets and new talent. For more information: www.motorola.com/ventures.
Motorola is a Fortune 100 global communications leader that provides seamless mobility products and solutions across broadband, embedded systems and wireless networks. In your home, auto, workplace, and all spaces in between, seamless mobility means you can reach the people, things and information you need, anywhere, anytime. Seamless mobility harnesses the power of technology convergence and enables smarter, faster, cost-effective and flexible communication. Motorola had sales of US $31.3 billion in 2004. For more information: www.motorola.com.
A4Vision (Applications for Vision) develops and licenses advanced identification systems and tracking solutions using 3D facial imaging and recognition technology. 4Vision is headquartered in California (USA) with offices in Geneva(Switzerland) and Moscow (Russia).
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