#AI News: VSBLTY (CSE: $VSBY.C)
CIC Technologies Agree to Cross License, Co-develop Access & #Security
Solutions Using Machine Learning, Ai & Biometrics
Philadelphia,
PA - June 3, 2019 (Investorideas.com Newswire) VSBLTY Groupe Technologies Corp.
(CSE:
VSBY)
(5VS.F) (VSBGF), and CIC
Technologies (CIC) have agreed to cross license and integrate new technologies
to provide frictionless access control and security solutions according to a
joint announcement made today by CIC CEO Sean Ryan and VSBLTY Co-Founder and
CEO Jay Hutton. The agreement also includes co-marketing and branding.
Read this in full
at https://www.investorideas.com/CO/VSBY/news/2019/06031CIC-MachineLearning-AI-Biometrics.asp
According
to Memoori Research, the global Access Control Total Addressable Market will
reach $10.10 billion by 2022 with a compound annual growth rate of 8.04%*.
CIC
Technologies' Virtual Guardian™ combines various security solutions to create a
layered security envelope. The focus of the new suite will be on providing
comprehensive turnkey security and employee authentication solutions while
delivering critical operational analytics to be used to protect both front and
back of house access to stadiums, public venues, transportation hubs, houses of
worship and schools. Under the agreement CIC will license certain elements of
the VSBLTY Vector™ and DataCaptor™ solutions.
CIC
is a full-service technology company with expanded business operations in the
areas of biometrics authentication solutions and products that provide enhanced
security. CIC's layered approach to security creates a safer environment for
employees and patrons. New products such as CIC's dual authentication, and
concealed weapons detection (CWD) coupled with existing products provide for a
secure, high throughput ingress.
As
explained by CIC president and owner, Sean Ryan, "Having dual
authentication enables the ability to primarily identify a target (person) from
a distance. And then, using a second modality as the individual arrives at the
entry point, to either grant or deny access. Dual authentication eliminates
credential sharing, and positively identifies the person moving to an entry
point. It also can to be used with existing access control systems."
Continuing,
Ryan said, "The concealed weapons detection system is a set of sensors
that can be placed in inconspicuous places to identify weapons (guns, knives,
explosive devices) concealed on a person advancing between the sensors. It is a
high throughput system, and offers discreet blending into the surrounding
environment."
VSBLTY
is a leading retail software and technology company that offers facial
recognition and non-occluded weapon detection using the power of machine
learning and computer vision. Its proprietary VSBLTY Vector™ product can be
used alone or in combination with any type of digital signage and other forms
to provide security by looking for "persons of interest" or
individuals carrying weapons with the intent to cause harm. VSBLTY's latest
innovation using Intel's OpenVINO™ platform delivers Edge processing, providing
faster and more affordable technology than legacy systems.
"In
order to anticipate cyber and physical attacks there increasingly must be a
reliance on innovative technologies. We are excited to work with VSBLTY and its
state-of-the-art software that provides facial recognition, analytics and
weapon detection that, combined with our own biometric, and access control
solutions, will take layered security to new and heightened levels for
corporations, governments, transportation centers, entertainment and sports
venues and schools," according to Ryan.
"The
combination of CIC's unique concealed weapons detection technology and the
VSBLTY optical weapons detection provides a comprehensive weapons detection
capacity to allow accurate detection and early warning," Hutton said,
"that is why we are confident that this partnership will result in
immediate contract wins and revenue to VSBLTY."
"With
more and more so-called soft targets being attacked around the world,
heightened security is needed virtually everywhere. We see CIC Technologies'
innovative security solutions as the ideal environment for VSBLTY's facial
recognition to enable faster, professional security responses to threats and
deliver on a critical security market need. This agreement with CIC
Technologies will significantly advance the increasingly important need to
provide security where it has never been available before," Hutton added.
*Source:
Memoori Research https://memoori.com/market-size-major-trends-access-control-market-2017-2022/
Headquartered
in Philadelphia, VSBLTY (CSE: VSBY) (Frankfurt: 5VS) (OTCBB:VSBGF) is the world
leader in Proactive Digital Display™, which transforms retail and public spaces
as well as place-based media networks with SaaS-based audience measurement and
security software that uses artificial intelligence and machine learning.
CONTACT:
A
full-service security technology company based in Nashville, CIC Technologies
provides highly skilled and reliable engineering and proven technical
solutions. CIC assists clients with their vision, both in the private and
public sectors. The company brings cutting edge technology to life, providing
clients the opportunity to maximize their integration. CIC also has expanded
business operations in the areas of biometrics authentication solutions and
access control products that provide layered security enhancement.
VSBLTY
Groupe Technologies Corp. (CSE: VSBY) is a featured Tech / AI stock on
Investorideas.com
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