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Bioscrypt Inc. is a leading provider
of advanced fingerprint technology. The company's solutions combine the convenience of touch with the high security of fingerprint-based biometrics
for simple and secure access to facilities, equipment and information.
Bioscrypt offers three distinct products lines: finished readers for building
access, embedded solutions for biometric integration and technology licensing of our patented, award-winning
algorithm Bioscrypt Core, the decision making engine for all our fingerprint products.
Bioscrypt's customers represent a wide-range of industries including:
• Physical Access Control
• Time and Attendance
• Cash Handling / Loss Prevention
• Transportation
• Government
• Airport and Airline
• Banking and Finance
• Healthcare
Our strategic partners are leaders in their respective industries giving
Bioscrypt a powerful worldwide presence. These partners include the U.S.
Army, the New York Police Department, American Express, BellSouth, NASA, NATO, Continental Airlines, Intel, Atmel, HID corporation, Honeywell and
Northern Computers.
Bioscrypt's Corporate and Canadian office is located in Mississauga, Ontatio,
Canada with Sales, Marketing, Engineering, Technical and Customer Support
located in Van Nuys, CA, and a European sales office in High Wycombe, England.
Bioscrypt has over 50 employees.
Bioscrypt is traded on the Toronto Stock Exchange under the symbol BYT.
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Toronto, ON (April 19, 2004)
- Bioscrypt Inc. (TSX: BYT), a leading provider of identity verification
technology, today announced that they have received strong results
in a competition of leading fingerprint biometric vendors, research
groups and independent developers.
Earning 8 gold, 7 silver and 2 bronze medals out of 28 events
in the Open competition and a further 5 gold, 2 silver and 2 bronze
medals out of 28 events in the Light competition, Bioscrypt achieved
impressive results for the second time in the Fingerprint Verification
Competition (FVC).
Further, in placing first out of 41 participants in the Open
category and fourth out of 26 participants in the Light category,
Bioscrypt was the only participant to place in the top five in both
the Open and Light categories based on the average equal error rate
results over the 4 databases used for testing.
Bioscrypt was the only North American participant to finish in
the top ten in medals won, in both the Open and Light categories.
¡°Bioscrypt¡¯s results across the distinct image types and range
of processing requirements included in the 2004 Fingerprint Verification
Competition provide further evidence that Bioscrypt has ¡®best-ofbreed¡¯
technology,¡± said Pierre Donaldson, President and CEO, Bioscrypt.
¡°We look forward to providing our industry leading identity verification
offerings to our customers and partners for their diverse applications.¡±
The FVC Competition is a study aimed to track advances in fingerprint
verification. In order to achieve this goal, databases of fingerprints
are collected to conduct ¡°off-line¡± tests.
The open category has no limits on memory requirements or template
size. A template is an electronic file of the digital representation
of a scanned fingerprint. For practical testing reasons, the response
time of the algorithms is limited such that the maximum time for
each enrollment is 10 seconds and the maximum time for each matching
is 5 seconds. Bioscrypt averaged 0.08 seconds for enrollment and
1.48 seconds for a match across four databases.
The light category is intended for algorithms conceived for light
architectures and therefore characterized by low computing needs,
limited memory usage and small template size. The maximum time for
enrollment is 0.5 seconds and the maximum time for matching is 0.3
seconds.
Bioscrypt averaged 0.09 seconds for enrolment and 0.17 seconds
for a match across four databases.
In view of the above results, it is clear that Bioscrypt¡¯s algorithm
continues to perform exceedingly well in the FVC tests. Therefore,
given that deployment of Bioscrypt¡¯s technology has advanced considerably
over the last few years and that future demand appears very strong,
Bioscrypt will review its further involvement in FVC and similar
competitions as the time and resource requirement may not correspond
with the corporate demands.
About FVC 2004
The Biometric Systems Lab (University of Bologna), the Pattern
Recognition and Image Processing Laboratory (Michigan State University)
and the Biometric Test Center (San Jose State University) are pleased
to announce FVC2004: the Third International Fingerprint Verification
Competition Continuous advances in the field of biometric systems
and, in particular, in fingerprint-based systems (both in matching
techniques and sensing devices) require that the performance evaluation
of biometric systems be carried out at regular intervals. The aim
of FVC2004 is to track recent advances in fingerprint verification,
for both academia and industry, and to benchmark the state-of-the-art
in fingerprint technology.
This competition should not be viewed as an ¡°official¡± performance
certification of biometric systems, since:
• the databases used in this contest have not been necessarily
acquired in a real-world application environment and are not
collected according to a formal protocol.
• only parts of the system software will be evaluated by using
images from sensors not native to each system.
Nonetheless, the results of this competition will give a useful
overview of the state-of-the-art in this field and will provide
guidance to the participants for improving their algorithms.
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