I-OnAsia Signs US$3 Million Agreement to Provide Luxury Property Developer with Biometric Security System
I-OnAsia signs a US$3 Million dollar deal to provide a high end biometric security system to a leading Hong Kong Developer.
(PRWEB) March 24, 2005 -- I-OnAsia today signed a US$3 million agreement to
provide a leading Hong Kong developer with the VP-II biometric security system
for their latest luxury property development. While the details are still
confidential, the deal sees I-OnAsia providing the VP-II Hand Vascular Pattern
Recognition System for all areas of the development. The aim is to provide the
first high security keyless entry system in the Hong Kong luxury property
market.
Mr Richard Hopping, I-OnAsia’s Associate Director for Physical
Security and Biometric Division reported, “This is a perfect fit for the luxury
property market. It offers the ultimate in security and privacy for people who
are concerned with today’s environment. We expect to secure more of these types
of deals as developers look beyond the traditional lock, key and card system to
an approach that provides the best in security.”
Areas expected to be
covered by the deal include time and attendance for staff, guest registration
and membership management for exclusive areas within the development.
About I-OnAsia
I-OnAsia is a Hong Kong and Macau based biometrics
security service provider specializing in the Techsphere Hand Vascular Pattern
Person Identification Technology (VP-II) biometric security system, the
next-generation in biometric technology. We are the leader in the high-end
biometrics market capable of providing cost effective solutions to business or
residential premises. Whether it be a standalone device for the office or home,
or a networked system over multiple sites, an authentication device for everyday
business processes, VP-II is capable of meeting the needs of today's government,
business and security requirements.
About VP-II
VP-II is a development
of South Korean company, Techsphere. The VP-II is a cutting edge biometric
device that is capable of producing tomorrow’s security solution today. The
VP-II is the next generation of the well received VP-I vein pattern recognition
system, which verified users by utilizing a state-of-the art recognition
algorithm based on hand vascular patterns extracted by an infrared optical
sensor system.
Since its debut VP-II has been installed in premises
ranging from airports, office buildings to high security defense and government
facilities. VP-II technology can also be adopted for access control, time and
attendance management, login verification, membership management, privacy
protection, e-commerce, fraud prevention, and information protection. It is
capable of working in standalone, network mode or integration into existing
security systems.
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Source : http://www.prweb.com/releases/2005/3/prweb221139.htm