SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?


To: ChrisJP who wrote (34287)11/29/2001 8:38:01 AM
From: wgh613  Respond to of 208838
 
VSNX news,

ARINC To Market Integrated Facial Recognition Security Solutions to Airports Using Visionics FaceIt Engine
JERSEY CITY, N.J., Nov 29, 2001 (BUSINESS WIRE) -- ARINC Incorporated, the leader in mission-critical communications and information-processing systems for the aviation industry, and Visionics Corporation (NASDAQ: VSNX chart, msgs), the worldwide leader in identification technologies and systems, today announced a strategic alliance to promote and sell Visionics' FaceIt(R)-enabled products and solutions to the aviation industry and government agencies.

The alliance will permit ARINC to resell Visionics' finished products such as the FaceIt(R) ARGUS system and to integrate the enabling FaceIt(R) technology into custom solutions that require facial recognition. (FaceIt(R) ARGUS is the only commercially available real-time facial surveillance and identification system that can handle an unlimited number of camera inputs and an unlimited database size.)

Michael V. Picco, staff vice president of ARINC Airport Systems, stated, "Aviation security is a major area of focus for our systems integration efforts. We are committed to providing the best solutions to the myriad of security challenges that the airlines and airports face today. A key component of these solutions is facial recognition, and our alliance with Visionics gives us access not only to the best-of-breed biometric technology in this area, but also to a scalable platform on which to deliver it."

The alliance will focus on meeting the broad security needs of the airline industry, a market segment in which ARINC is well established. ARINC is owned by a consortium of leading airlines, aircraft makers and operators based in the United States and around the world, including United Airlines, American Airlines, Boeing, FedEx, British Airways, Lufthansa, and Raytheon.

Dr. Joseph J. Atick, chairman and CEO of Visionics said, "This alliance with ARINC fits well with our overall strategy of enabling the security solutions for tomorrow's airports, airlines, and travel systems. ARINC brings to us significant domain expertise and connections in the aviation industry. Their participation with us in providing distribution and support for FaceIt(R) and FaceIt(R) ARGUS is a testament to the growing interest and demand for facial recognition technology in critical aviation applications. We are pleased to be joined by an industry leader such as ARINC in the fulfillment of our stated objective of helping to make the travel process safer and more convenient."

In a related development, Visionics Corporation stated that it has this week joined the International Air Transport Association (IATA) special interest group on simplifying passenger travel -- called SPT--of which ARINC is also a member. SPT is a worldwide, forward-looking initiative consisting of airlines, airports, government authorities, system integrators, and vendors who recognize that today's airports are not built to handle the massive throughput of travelers. SPT has outlined the vision of a future system that takes into account technological advances that can simplify passenger travel and make it more secure. As such, facial recognition is poised to play a major role, particularly since it has already been endorsed by the International Civil Aviation Organization (ICAO) as the most suitable biometric for air travel.

About ARINC

ARINC Incorporated develops and operates advanced communications and information technology systems for the aviation industry and provides systems engineering and integration solutions to government, defense, and industry. The company's global communication networks carry more than 60% of all airline messages around the world. ARINC is headquartered in Annapolis, Maryland, USA, with over 3,000 employees worldwide. Visit the ARINC website at www



To: ChrisJP who wrote (34287)11/29/2001 8:41:32 AM
From: SusieQ1065  Respond to of 208838
 
morning chris, fut's reacting to jobless claims numbers..

08:33 ET Economic Data : Jobless claims rose 54K to 488K in the Nov 24 week vs the consensus of 430K; this sharp increase offsets much of the good news seen in recent weeks - tough to say what the claims trend is given recent volatility but this is a slight negative. Durable Orders soared 12.8% in October vs the 1.8% consensus, rebounding from a huge 8.5% decline in September; notable that much of the rebound came in defense which may be tied to the huge Lockheed contract; ex-defense orders up 5.6%. Not seeing much market reaction to either number.