Lockheed Martin Advances Biometrics Portfolio Through Cooperation Agreement with Cognitec
Gaithersburg, Md., 12/18/2007 -- Lockheed Martin [NYSE: LMT] further advanced its capabilities and offerings in biometrics solutions through a cooperation agreement with Cognitec Systems, a leader in facial recognition technology. The Cognitec agreement will enable closer cooperation between the two companies in the rapidly growing marketplace for biometrics solutions.
Biometrics is an increasingly important technology area for our customers in intelligence, defense, law enforcement and homeland security, said Bob Eastman, Lockheed Martin Vice President, Information Systems. This cooperation agreement will improve our ability to offer our customers a complete and fully-integrated portfolio of biometrics technologies. We're also committed to helping small, innovative businesses such as Cognitec continue to advance the state-of-the-art in biometrics technology in an open and collaborative marketplace.
A leader in biometrics solutions, Lockheed Martin focuses on integrating a full spectrum of biometrics technologies into a cohesive, service-oriented architecture. That integration allows customers to incorporate multiple biometrics techniques - including fingerprint, facial and iris scanning - into their operations. The result is a more complete and reliable biometrics solution that quickly and accurately recognizes persons of interest. In May, the corporation opened its Biometric Experimentation and Advanced Concepts (BEACON) facility in White Hall, WV, to serve as a collaborative center to develop integrated biometrics solutions.
Alfredo Herrera, Cognitec Systems CEO, noted, We are excited about this cooperation with Lockheed Martin, which reinforces our commitment to provide leading-edge facial recognition technology to our customers. We look forward to working with Lockheed Martin to integrate and deploy our technology in a variety of important biometrics projects.
Cognitec Systems are the developers FaceVACS®, an advanced facial recognition system that scans and measures several facial features to safely and reliably verify a person's identity. FaceVACS, which has been in development since 1995, has been tested and proven in a number of independent evaluations, including the Face Recognition Vendor Tests in 2002 and 2006. Cognitec is headquartered in Dresden, Germany, and has offices in Herndon, Va., Miami, Fl., and other international locations.
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services. The corporation reported 2006 sales of $39.6 billion.