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Technology Stocks : Viisage Technology (VISG) -- Ignore unavailable to you. Want to Upgrade?


To: opalapril who wrote (271)11/1/2001 2:33:51 PM
From: Pluvia  Read Replies (1) | Respond to of 536
 
TOM LIES ON THE VISG CONF CALL...

1. VISG CEO stated "there are significant barriers to entry in the facial recognition business"... Not true. Anyone can license the software from Lau - VISG's license is not exclusive... Heck someone did just that last week... note this release:

"In addition an agreement was reached for the licensing of Lau Technologies' facial recognition products for certain U.S. Government and industrial markets."
laudefensesystems.com

And this from page 6 of the 7/1 10Q:

The Company has two non-exclusive license agreements with Lau, whereby Lau acts as a distributor of the Company's "Facial Recognition" Technology for certain European Markets, U.S. Airports and other end users that are Federal Agencies. Lau will pay the Company royalties, as defined, under these agreements. Through July 1, 2001, no royalties have been earned.

2. VISG CEO claims "99.7 accuracy" is for "access control"... Access control is not even in the same ballpark as the systems being installed at airports. Access control is like using facial recognition to get on your computer... One image to compare to one person. Airport security demands one video image to be compared to thousands...

Even with access control Wayman states the software is unreliable...

"We've used a face recognition system for access to our laboratory for three or four years, and there are still times it doesn't recognize me as me," says Jim Wayman, director of the National Biometric Test Center at San Jose State University. "I was once locked out of the lab simply because a light bulb had burned out -- and I had left the spare bulbs inside the lab."

...and a June 5 2001 PC magazine article was able to easily fool VISG's system by holding a picture of the PC owner up to the video camera to break into the PC...

"Using default security settings, the system was relatively impervious to small shifts in the head and distance changes, but gross movements produced log-on failures. At the default security settings (a 50-percent sensitivity threshold), we were able to dupe the system by donning a photo-realistic mask we printed from an ink jet printer."