Welcome to our dedicated page for Aware news (Ticker: AWRE), a resource for investors and traders seeking the latest updates and insights on Aware stock.
Aware Inc. (NASDAQ: AWRE) is a globally recognized leader in the field of biometrics, offering advanced software products, services, and solutions. Headquartered in Bedford, Massachusetts, Aware specializes in innovative technologies that include fingerprint, face, and iris recognition. Their offerings span a broad array of applications, from border management and law enforcement to banking and user authentication for financial transactions.
Founded in 1993, Aware made its mark by aiding the FBI in developing and optimizing the WSQ fingerprint image compression algorithm, crucial for large-scale fingerprint identification systems. Today, they continue to lead with products such as biometric SDKs, user interface applications for biometric enrollment, forensic analysis tools, and automated biometric identification systems (ABIS).
In recent news, Aware has been integrating its Knomi® mobile biometric authentication framework into PeopleCert's KYC identity verification processes, enhancing security in online proctored exams. Additionally, they have appointed AJ Naddell as Chief Product Officer to further drive product-market fit and capitalize on the growing multi-factor authentication market.
Despite challenges such as a write-down related to their investment in Omlis Limited, Aware remains financially robust, with $31 million in cash equivalents and a growing base of annual recurring revenue. Aware's commitment to innovation and secure, ethical use of biometric technology has ensured its place as a trusted provider in both government and commercial sectors.
Aware will also be showcasing its capabilities at Identity Week Europe 2024, addressing the rising threat of biometric deepfakes. The newly appointed Chief Product Officer, Heidi Hunter, will be leading discussions on preventing deepfake fraud, reflecting Aware's ongoing commitment to secure identity management solutions.
Aware (NASDAQ: AWRE) has announced a partnership with Intercede to enhance cybersecurity solutions using Aware's biometric expertise. This five-year collaboration aims to bolster digital identity security, specifically targeting federal agencies and enterprises. Their combined solutions will strengthen Intercede's MyID Credential Management System, which enables secure multi-factor authentication. Both companies have already secured a contract with a US federal agency. Aware's biometric software will integrate into Intercede's platform, ensuring high security amidst rising identity theft threats.
Aware, Inc. (NASDAQ: AWRE) has appointed Gary Evee as a Class I director on its Board, enhancing its expertise in business, technology, and cybersecurity. Evee, founder of Evee Consulting Group, brings over 25 years of experience, particularly from his role at IBM's Cybersecurity Business Unit. His leadership is expected to bolster Aware's mission of empowering individuals to Own their Identity™. The board welcomes this addition to further strengthen its capabilities in the growing biometrics market.
Aware, Inc. (NASDAQ: AWRE) reported strong financial results for Q4 2020, with revenue hitting $3.4 million, a 38% sequential and 40% year-over-year increase. This growth was driven by higher license and subscription revenues. Although the company reported an operating loss of $1.9 million in Q4, this was an improvement from the previous quarter. For the full year 2020, revenue totaled $11.3 million, down from $12.2 million in 2019, mainly due to lower services revenue. Aware aims to capitalize on growth opportunities and expand its market presence in 2021.
Aware (NASDAQ: AWRE) has announced a webcast scheduled for February 9, 2021, at 5:00 p.m. Eastern time to discuss its financial results for Q4 and the full year ending December 31, 2020. The financial results will be made public through a press release prior to the call. The session will include a presentation by management followed by a Q&A. Interested parties can submit questions prior to the event via email. A replay of the presentation will be available on the company's investor relations website for 90 days.
Aware, Inc. (NASDAQ: AWRE) launched AwareABIS, a modular Automated Biometric Identification System designed for civil and criminal applications, supporting up to 30 million identities. AwareABIS enables law enforcement and civil agencies to retain control over their data and infrastructure, avoiding costly proprietary solutions. It features advanced biometric search capabilities and is adaptable for both criminal and civil needs. Key attributes include open integration, customer data ownership, comprehensive reporting, and ease of installation.
Aware, Inc. (NASDAQ: AWRE) announced its compliance with Level 1 and Level 2 PIV standards after successfully completing the NIST MINEX III evaluation. This test measures the interoperability of biometric software used by the U.S. Government, making Aware one of only two U.S. companies to achieve this certification. The evaluation included rigorous testing on 2 million finger templates, establishing Aware's fingerprint biometric algorithms as the highest-rated among U.S. firms. This compliance underscores Aware's commitment to providing secure and interoperable fingerprint technology for global organizations.
Aware (NASDAQ: AWRE) has launched Knomi version 2.13, a cutting-edge mobile biometric software that enhances face-matching for individuals wearing masks, an important feature given the current pandemic. This update not only improves matching accuracy without requiring users to re-enroll images but also maintains high performance speeds. The new algorithm effectively reduces false matches while ensuring a seamless user experience. Aware's commitment to enhancing biometric security is exemplified in this release, addressing a significant market need during challenging times.
Aware, Inc. has acquired the AFIX suite of biometric products from Maxar Technologies, expanding its ABIS product line. This acquisition enables Aware to cater to a broader range of customers, from small to large government agencies, with scalable biometric solutions. The global biometric technology market is growing at nearly 20% annually, indicating strong demand. Aware aims to leverage its existing technologies combined with AFIX to enhance offerings and reach new markets.
Robert Eckel, CEO of Aware, has been appointed to the International Biometrics + Identity Association (IBIA) Board of Directors. With over 30 years of experience in biometrics and identity management, Eckel aims to promote the secure use of biometric technologies. His role will leverage his expertise to enhance security and productivity for various sectors, while addressing misconceptions about biometrics. This appointment aligns with Aware's strategic growth in biometrics solutions, spotlighting Eckel's commitment to advancing identity management technologies.
FAQ
What is the current stock price of Aware (AWRE)?
What is the market cap of Aware (AWRE)?
What does Aware Inc. specialize in?
Where is Aware Inc. headquartered?
What are some recent achievements of Aware Inc.?
What sectors does Aware Inc. serve?
When was Aware Inc. founded?
What is Aware Inc.'s recent financial performance?
What are Aware Inc.'s future growth plans?
How is Aware Inc. addressing biometric deepfakes?
Who are some key executives at Aware Inc.?
What is Aware Inc.'s ticker symbol and where is it traded?
