Aware Strengthens its Mobile Biometric Authentication Offering With Knomi® D v2.7.3
Aware, Inc. (NASDAQ: AWRE) announced the launch of Knomi D version 2.7.3, enhancing its mobile biometric authentication framework. Knomi D supports secure multifactor authentication using face and voice recognition, especially in areas with limited network connectivity. This version aligns with Aware's commitment to privacy and security while offering flexibility for customers. Knomi D utilizes the same API design as Knomi S, ensuring high accuracy. The release emphasizes Aware's strategic focus on customizable biometric solutions catering to diverse client needs.
- Launch of Knomi D v2.7.3 enhances mobile biometric authentication capabilities.
- Supports multifactor authentication without passwords, increasing user security and convenience.
- Designed for optimal performance in areas with limited network connectivity.
- Maintains high privacy and security standards, enhancing customer trust.
- API design consistency with Knomi S increases usability and accuracy.
- Revenue generation risks due to dependency on government contracts.
- Market acceptance of biometric technology remains uncertain.
- Intense competition could hinder market share growth.
- Potential cybersecurity risks may impact customer trust and business operations.
BEDFORD, Mass., Sept. 3, 2020 /PRNewswire/ -- Aware, Inc. (NASDAQ: AWRE), a leading global provider of biometrics software products, solutions and services, today announced the release of Knomi® D version 2.7.3—an enhanced version of the on-device variant of Aware's market-leading Knomi product offering.
Knomi is a mobile biometric authentication framework that uses face and voice to enable secure and convenient multifactor authentication without passwords. The version released today completely enhances this framework on the mobile device. Designed for those applications that may have inconsistent or limited network connectivity, Knomi D ensures the greatest flexibility for customers regardless of geographic location or network availability. Consistent with the rest of the Knomi line, Knomi D meets the most stringent requirements for privacy and security.
The Knomi D API design is the same as the widely used Knomi S (server-centric) giving both the high-quality accuracy and usability that users have come to trust from Aware.
"We are pleased to introduce an enhanced version of our on-device solution, Knomi D," stated Rob Mungovan, chief commercial officer at Aware. "We place a strategic emphasis on offering our customers a flexible approach to their facial recognition and authentication needs. This upgrade furthers the Knomi line so that regardless of the implementation a customer chooses—server-centric, browser-based or on-device—they have the ability to balance passwordless security with convenient usability."
The Knomi offering includes Aware's leading liveness detection (anti-spoofing), which is designed to ensure that the facial image or voice sample presented is that of a live human, and not a spoof such as paper photos, digital stills, videos, masks, voice recordings or synthetic speech.
More information about Knomi D, and the server- and browser-based variants, can be found on Aware's product webpage.
About Aware
Aware is a leading provider of productized biometrics software products, solutions and services to governments, system integrators, and commercial organizations and solution providers globally. Our comprehensive portfolio of biometric solutions are based on innovative, robust products designed explicitly for ease of integration including customer-managed and integration ready biometric frameworks, platforms, SDK's and services. They fulfill a broad range of functions critical to secure biometric enrollment, authentication, identity and transactions including face, fingerprint, iris, and voice capture modalities, sample quality assurance, data compliance, capture hardware peripheral and system abstraction, centralized data processing and workflow, subsystem connectivity, and biometric matching algorithms. The products and solutions apply biometrics to enable identity-centric security and know-your-customer ("KYC") solutions for applications including financial institutions, retail, banking and payments, healthcare, border management, credentialing and access control, intelligence and defense, and law enforcement. Aware is a publicly held company (Nasdaq: AWRE) based in Bedford, Massachusetts.
See Aware's website for more information about our biometrics software products.
Safe Harbor Warning
Portions of this release contain forward-looking statements regarding future events and are subject to risks and uncertainties, such as estimates or projections of future revenue and earnings, and the growth of the biometrics markets. Aware wishes to caution you that there are factors that could cause actual results to differ materially from the results indicated by such statements.
Risk factors related to our business include, but are not limited to: i) our operating results may fluctuate significantly and are difficult to predict; ii) we derive a significant portion of our revenue from government customers, and our business may be adversely affected by changes in the contracting or fiscal policies of those governmental entities; iii) a significant commercial market for biometrics technology may not develop, and if it does, we may not be successful in that market; iv) we derive a significant portion of our revenue from third party channel partners; v) the biometrics market may not experience significant growth or our products may not achieve broad acceptance; vi) we face intense competition from other biometrics solution providers; vii) our business is subject to rapid technological change; viii) our software products may have errors, defects or bugs which could harm our business; ix) our business may be adversely affected by our use of open source software; x) we rely on third party software to develop and provide our solutions and significant defects in third party software could harm our business; xi) part of our future business is dependent on market demand for, and acceptance of, the cloud-based model for the use of software: xii) our operational systems and networks and products may be subject to an increasing risk of continually evolving cybersecurity or other technological risks which could result in the disclosure of company or customer confidential information, damage to our reputation, additional costs, regulatory penalties and financial losses; xiii) our intellectual property is subject to limited protection; xiv) we may be sued by third parties for alleged infringement of their proprietary rights; xv) we must attract and retain key personnel; xvi) we rely on single sources of supply for certain components used in our hardware products; xvii) our business may be affected by government regulations and adverse economic conditions; xviii) we may make acquisitions that could adversely affect our results; xix) we may have additional tax liabilities; and xx) we believe the effects caused by the COVID-19 pandemic will likely have an adverse impact on our revenue over the next several quarters.
We refer you to the documents Aware files from time to time with the Securities and Exchange Commission, specifically the section titled Risk Factors in our annual report on Form 10-K for the fiscal year ended December 31, 2019 and other reports and filings made with the Securities and Exchange Commission.
Aware and Knomi are registered trademarks of Aware, Inc.
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SOURCE Aware, Inc.
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