Daily Archives: May 15, 2019

Philips issues inaugural Green Innovation Bond

May 15, 2019

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA) (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the successful pricing of its issuance of EUR 750 million 0.500% Green Innovation Bonds due 2026. This inaugural Green Innovation Bond was created by Philips in collaboration with Rabobank as Sustainability Structuring Advisor. The transaction was further supported by the Joint Lead Managers ABN AMRO, BNP Paribas, Deutsche Bank, HSBC, ING, Mizuho Securities, MUFG, Rabobank and UBS Investment Bank.

As part of Philips’ commitment to make the world healthier and more sustainable through innovation, the company has a comprehensive sustainability strategy that includes its products, solutions and business models, energy consumption, supply chains and financial instruments.

In 2017, Philips was one of the first companies to develop a Revolving Credit Facility with an interest rate linked to its sustainability performance. As a next step, together with Rabobank, the company has now developed the Philips Green & Sustainability Innovation Bond Framework, under which it can issue Green and/or Sustainability Innovation Bonds as a means to finance its sustainability activities. Today’s issuance is the first bond issued under this framework.

“Philips is a pioneer in advancing sustainability in all areas of its business, and issuing this inaugural Green Innovation Bond is a good example of that,” said Abhijit Bhattacharya, CFO of Royal Philips. “The proceeds of this bond will be used as an alternative means to finance our expenditures on green innovation, the transition to the circular economy, and becoming carbon neutral, for which we have set clear targets.”

“Philips and Rabobank are both at the forefront in sustainability and innovation of their respective industries,” said Wiebe Draijer, CEO of Rabobank. “This transaction is another testament of how corporate and financial leaders are moving ahead in achieving the United Nations Sustainable Development Goals and leaving a better world for generations to come.”

The net proceeds will be allocated to a portfolio of eligible green innovations, which belong to the following categories: (i) expenditures regarding Green Innovation in R&D; (ii) expenditures regarding the implementation of circular products and solutions; and/or (iii) expenditures under the Group’s ‘Sustainable Operations Programs’, as further described in the Framework, available on https://www.philips.com/a-w/about/investor/debt-info.html. In the last two years, Philips spent around EUR 230 million annually on Green Innovation [1].

The issue price for the notes due 2026 is 99.494% with a coupon of 0.500%, resulting in a yield of 0.574%.

Settlement and issue of the Notes is scheduled for 22 May 2019. Application has been made for the Notes to be listed on the Official List of the Luxembourg Stock Exchange and to trading on the regulated market of the Luxembourg Stock Exchange. Application has also been made for the Notes to be displayed on the Luxembourg Green Exchange.

Philips is committed to a strong investment grade credit rating. Currently, the company has a BBB+ rating (with stable outlook) by Standard & Poor’s, a Baa1 rating (with stable outlook) by Moody’s and an A- rating (with stable outlook) by Fitch.

[1] Green Innovation is the Research & Development spend related to the development of new generations of Green Products and Solutions and Green Technologies. As disclosed in Philips’ Annual Reports, the company spent EUR 233 million and EUR 228 million on Green Innovation in 2017 and 2018 respectively.

For further information, please contact:

Ben Zwirs
Philips Group Press Office
Tel.: +31 6 1521 3446
E-mail: ben.zwirs@philips.com

Ksenija Gonciarenko
Philips Investor Relations
Tel.: +31 20 5977055
E-mail: ksenija.gonciarenko@philips.com


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About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2018 sales of EUR 18.1 billion and employs approximately 77,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

Forward-looking statements
This release contains certain forward-looking statements with respect to the financial condition, results of operations and business of Philips and certain of the plans and objectives of Philips with respect to these items. Examples of forward-looking statements include statements made about the strategy, estimates of sales growth, future EBITA, future developments in Philips’ organic business and the completion of acquisitions and divestments. By their nature, these statements involve risk and uncertainty because they relate to future events and circumstances and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these statements.


LeddarTech เข้าร่วมในเดือนพฤษภาคม 2019 ที่งานแสดง JSAE 2019 ในประเทศญี่ปุ่นและเพื่อนำเสนอผลงานในงานเทคโนโลยียานยนต์ CVCA International VC ในประเทศแคนาดา

เมืองคิวเบค วันที่, May 15, 2019 (GLOBE NEWSWIRE) — LeddarTech® ผู้นำด้านอุตสาหกรรมที่มีความอเนกประสงค์และปรับขนาดได้auto and mobility LiDAR platform มีความยินดีที่จะประกาศว่าจะเข้าร่วมเป็นคณะกรรมการที่ CVCA International: งาน VC & Automotive Technology ในโตรอนโต ประเทศแคนาดา วันที่ 21 พฤษภาคม นอกจากนี้ จะเข้าร่วมที่งานแสดง JSAE 2019 ในประเทศญี่ปุ่นตั้งแต่วันที่ 22 พฤษภาคมจนถึงวันที่ 24 พฤษภาคมอีกด้วย

วันที่ 21 พฤษภาคม 2019:  CVCA International: งาน VC & Automotive Technology ในโตรอนโต ประเทศแคนาดา

Frantz Saintellemy ผู้อำนวยการบริษัทและประธานฝ่ายปฏิบัติการที่ LeddarTech จะเข้าร่วมเป็นคณะอภิปรายเกี่ยวกับความเข้มแข็งด้านเทคโนโลยีด้านยานยนต์ของประเทศแคนาดา ค่านิยมของแพลตฟอร์มเทคโนโลยี และการลงทุนในส่วนของเทคโนโลยีของอุตสาหกรรมยานยนต์ของประเทศแคนาดาที่จัดขึ้นโดย CVCA ในความร่วมมือกับ OMERS Ventures และ สมาคมผู้ผลิตชิ้นส่วนยานยนต์ (APMA) คณะอภิปรายและกิจกรรมเครือข่ายนำประเทศแคนาดาและนักลงทุนของ International VC ที่เข้าร่วมกับบริษัทด้านเทคโนโลยีต่างๆ, OEM และผู้จัดจำหน่ายผลิตภัณฑ์ยานยนต์ขั้นที่ 1 ร่วมแบ่งปันข้อมูลเชิงลึกเกี่ยวกับเทคโนโลยีซอฟต์แวร์และรูปแบบธุรกิจที่ออกแบบด้านยานยนต์และการขนส่งแบบใหม่ทั่วโลก

“เทคโนโลยีกำลังค่อยๆ พัฒนาอย่างรวดเร็วภายในอุตสาหกรรมยานยนต์ เทคโนโลยี LiDAR เป็นองค์ประกอบที่สำคัญที่ทำให้ขับเคลื่อนได้ด้วยตนเองในด้านยานยนต์และการใช้งานการเคลื่อนที่ได้ง่ายทั่วโลก” Frantz Saintellemy ของ LeddarTech กล่าว “ผมหวังว่าจะแบ่งปันข้อมูลเชิงลึกเกี่ยวกับการระบุด้านเทคโนโลยียานยนต์ของประเทศแคนาดา ด้วยการมุ่งมั่นเกี่ยวกับเทคโนโลยีแพล็ตฟอร์มของ LiDAR โดยเฉพาะ ผมยังจะให้ความคิดที่เกี่ยวกับการท้าทายการระดมทุนและโอกาสของผู้เข้าร่วมของ VC ของ CVCA และงานเทคโนโลยียานยนต์”

วันที่ 22-24 พฤษภาคม 2019: งานแสดง JSAE 2019

LeddarTech จะเข้าร่วมในภาครัฐของ Ontario Pavilion ที่นิทรรศการวิศวกรรมยานยนต์ JSAE 2019 ในกรุงโยโกฮาม่าตั้งวันที่ 22 ถึง 24 พฤษภาคม โปรดเยี่ยมชมที่บูท #415 เพื่อพูดคุยกับผู้เชี่ยวชาญของ LiDAR ของเราและค้นพบโซลูชั่น ADAS และ AD ของเราสำหรับยานยนต์และการใช้งานการเคลื่อนที่ได้ง่าย ทั้งนี้ Nagase ผู้จัดจำหน่ายที่ได้รับอนุญาตของ LeddarTech จะนำเสนอพอร์ตโฟลิโอของผลิตภัณฑ์ที่บูท #190 อีกด้วย

เกี่ยวกับ LeddarTech
LeddarTech เป็นผู้นำด้านอุตสาหกรรมในการมอบแพลตฟอร์ม LiDAR ที่มีความอเนกประสงค์และปรับขนาดได้ซึ่งพัฒนาจาก LeddarEngine ที่เป็นเอกลักษณ์ โดยประกอบด้วยชุด SoC คุณภาพเกรดยานยนต์ ซึ่งได้รับการรับรองด้านความปลอดภัยในการทำงาน ซึ่งจะทำงานควบคู่กับซอฟต์แวร์การประมวลผลสัญญาณ LeddarSP บริษัทมีหน้าที่ดูแลจัดการเกี่ยวกับนวัตกรรมต่างๆ ที่อยู่ในแอปพลิเคชั่นการสำรวจระยะไกลเคลื่อนที่ที่ทันสมัย, เทคโนโลยีที่ได้รับการจดสิทธิบัตรที่ช่วยเพิ่มประสิทธิภาพของ ADAS และการขับแบบไร้คนขับสำหรับรถยนต์ รถบรรทุก รถประจำทาง ยานพาหนะสำหรับบริการจัดส่ง โรโบแท็กซี่ ยานพาหนะขนส่งสาธารณะ และอื่นๆ สามารถดูข้อมูลเพิ่มเติมเกี่ยวกับ LeddarTech ได้ที่ www.LeddarTech.com และบน LinkedInTwitterFacebook และ YouTube.

โลโก้ LeddarTech, Leddar, LeddarEngine, LeddarSP และ LeddarTech เป็นเครื่องหมายการค้าหรือเครื่องหมายการค้าจดทะเบียนของ LeddarTech Inc. แบรนด์ ชื่อผลิตภัณฑ์และเครื่องหมายต่างๆ ทั้งหมด เป็นหรืออาจเป็นเครื่องหมายการค้าที่ใช้เพื่อระบุถึงผลิตภัณฑ์และบริการต่างๆ ของเจ้าของที่เกี่ยวข้อง

ติดต่อ: Daniel Aitken รองประธานฝ่ายการตลาดและการสื่อสารของ LeddarTech
โทร: +1-418-653-9000 ต่อ 232 Daniel.Aitken@Leddartech.com

Espire Infolabs and WSO2 Announce Global Partnership to Provide Agile Integration Solutions

Through the partnership with WSO2, Espire Infolabs will deliver global technology services based on the open source WSO2 Integration Agile Platform

Gurugram, India and Mountain View, CA, USA, May 15, 2019 (GLOBE NEWSWIRE) — Espire Infolabs, a global technology services company, and WSO2, the world’s leading open source integration vendor, today announced a global partnership to help businesses become agile, connected and efficient. The partnership with WSO2 is in line with Espire’s commitment to create a competitive edge for enterprises that are pursuing digital transformation by ensuring agility with a cross-enterprise approach.

The combination of the WSO2 Integration Agile Platform and Espire’s Customer Engagement Hub (CEH) framework brings together applications, systems, data sources, and devices to help digitally driven organizations deliver meaningful customer experiences. Espire has been deploying highly robust, stable and scalable integration solutions, on-premises and in the cloud. Its approach involves rapidly integrating front and back office systems, powered by agile and DevOps practices to deliver complex data integration initiatives, business process management, and application integration initiatives.

The partnership follows the recognition of WSO2 by Forrester Research, Inc. as a Leader in The Forrester WaveTM: API Management Solutions, Q4 2018 report1 published on October 29, 2018. In its evaluation of WSO2 API Manager, the report [1] states, “As the only fully open source solution in our Forrester Wave analysis, WSO2 provides good breadth across all evaluation criteria. Particular strengths include formal life-cycle management and non-REST APIs, both of which facilitate mature and disciplined enterprise API strategies.”

Speaking about the partnership, Gagan Oberoi, the CEO and MD of Espire Infolabs said, “We are excited about this partnership with WSO2 and look forward to working together to change the dynamics of the customer’s digital transformation journey by making it more intuitive, intelligent and delightful.” Gagan adds, “Our joint offering with WSO2 is yet another milestone in the integration space and allows us to respond to the fundamental market needs. Organizations are under pressure to deliver exceptional digital experiences for their customers, employees, and partners. Our partnership with WSO2 is built upon its well-established agile platform and is tailored to drive meaningful content in a personalized, contextual and agile manner with seamless integration of legacy systems within enterprises.”

“As a widely recognized expert in delivering state-of-the-art integration solutions, Espire Infolabs will be a valued partner in growing the community around our WSO2 Integration Agile Platform across the globe,” said WSO2 COO Shevan Goonetilleke. “Through this partnership, we will strengthen our joint efforts in providing organizations the technologies, services, and processes to realize their digital transformation goals by becoming integration agile.”

About Espire Infolabs

Espire Infolabs is a global technology services company empowering businesses to drive growth with their content services including digital content management, customer communication management, and content collaboration combined with integration, cloud, enterprise solutions, analytics, and robotic process automation. It is an ISO 27001:2013, ISO 9001:2015, ISO 20000-1:2011 and ISO 22301 certified company. Espire Infolabs has offices in the UK, US, Canada, Australia, New Zealand, Singapore and Development Centers in India (Gurgaon, Delhi, and Mumbai). For more information, please visit www.espire.com.

About WSO2

WSO2 is the world’s #1 open source integration vendor, helping digital-driven organizations become integration agile. Customers choose us for our broad, integrated platform approach to open source and agile transformation methodology. The company’s hybrid platform for developing, reusing, running and managing integrations prevents lock-in through open source software that runs on-premises or in the cloud. Today, hundreds of leading brands and thousands of global projects execute 6 trillion transactions annually using WSO2 integration technologies. Visit https://wso2.com to learn more.

[1] Forrester Research, Inc. “The Forrester Wave™: API Management Solutions, Q4 2018,” by Randy Heffner with Christopher Mines, Allison Vizgaitis, and Diane Lynch, October 29, 2018.

Trademarks and registered trademarks are the properties of their respective owners.

Shifali Erasmus

LeddarTech to Participate in May 2019 at the JSAE 2019 Exhibition in Japan and to Present at the CVCA International VC & Automotive Technology Event in Canada

QUEBEC CITY, May 15, 2019 (GLOBE NEWSWIRE) — LeddarTech®, an industry leader providing the most versatile and scalable auto and mobility LiDAR platform, is pleased to announce that it will join a panel at the CVCA International: VC & Automotive Technology Event in Toronto Canada on May 21st. In addition, it will participate at the JSAE 2019 Exhibition in Japan from May 22nd until May 24th.

May 21, 2019:  CVCA International: VC & Automotive Technology Event, Toronto Canada

Frantz Saintellemy, President and COO at LeddarTech, will join a panel discussion on the strength of Canada’s auto technology sector, the value of platform technology, and investment into the technology sector of Canada’s automotive industry hosted by the CVCA, in collaboration with OMERS Ventures and the Automotive Parts Manufacturer’s Association (APMA). The panel discussion and networking event bring together Canadian and International VC investors, emerging technology companies, OEMs, and Tier-1 automotive suppliers to share insights on new software technologies and business models that are re-shaping the automotive & transportation sectors globally.

“Technology is evolving at a rapid pace within the automotive industry. LiDAR technology is an essential component toward enabling autonomous driving in automotive and mobility applications globally,” stated LeddarTech’s Frantz Saintellemy. “I look forward to sharing my insights on the state of Canada’s automotive technology sector, with a particular focus on LiDAR platform technology. I will also provide my thoughts regarding fundraising challenges and opportunities in the sector to the attendees of CVCA’s VC & Automotive Technology Event.”

May 22-24, 2019: JSAE 2019 Exhibition

LeddarTech will participate in the Government of Ontario Pavilion at the JSAE Automotive Engineering Exposition 2019 in Yokohama from May 22nd until May 24th. Visit booth #415 to speak with our LiDAR specialists and discover our ADAS and AD solutions for automotive and mobility applications. LeddarTech’s authorized distributor Nagase will also be representing the product portfolio at booth #190.

About LeddarTech
LeddarTech is an industry leader providing the most versatile, scalable auto and mobility LiDAR platform based on the unique LeddarEngine, which consists of a suite of automotive-grade, functional safety certified SoCs working in tandem with LeddarSP signal processing software. The company is responsible for several innovations in cutting-edge mobility remote-sensing applications, its patented technologies enhancing ADAS and autonomous driving capabilities for automobiles, trucks, buses, delivery vehicles, robotaxis, shuttles, and more. Additional information about LeddarTech is accessible at www.leddartech.com, and on LinkedInTwitterFacebook, and YouTube.

LeddarTech, Leddar, LeddarEngine, LeddarSP, and LeddarTech logos are trademarks or registered trademarks of LeddarTech Inc. All other brands, product names, and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

Contact: Daniel Aitken, Vice-President of Marketing and Communications, LeddarTech Inc.
Tel.: +1-418-653-9000 ext. 232 Daniel.Aitken@Leddartech.com

Nasdaq Launches Global Environmental, Social and Governance (ESG) Reporting Guide for Companies

NEW YORK, May 15, 2019 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) today announced the launch of its new global environmental, social and governance (ESG) reporting guide to support public and private companies. The 2019 ESG Reporting Guide includes the latest third-party reporting methodologies widely adopted by the industry, and aims to help companies navigate the evolving standards on ESG data disclosure, regardless of geography or market capitalization.

“ESG data points have become essential tools, not only for investors seeking performance indicators, but also for companies trying to increase operational efficiency, decrease resource dependency, and attract a new generation of empowered workers,” said Nelson Griggs, President of the Nasdaq Stock Exchange. “Our global ESG Reporting Guide is intended to serve as a resource for today’s corporate leaders to create a world in which all market participants are able to share in economic opportunities.”

The global version of the ESG Reporting Guide is based on three key developments:

“Our expanded ESG Reporting Guide integrates the latest reporting standards and long-term-focused methodologies and aims to further encourage companies in addressing critical ESG matters, such as capital markets and investor strategy, talent acquisition and retention, and supply chain oversight and responsibility,” said Evan Harvey, Global Head of Sustainability, Nasdaq. “Our team remains fully committed to taking a leading role in facilitating ESG practices, disclosures, and dialogue between investors and companies.”

Introduced by Nasdaq in March 2017, the ESG Reporting Guide was originally developed to support Nasdaq’s Nordic and Baltic companies in their search for a more meaningful and sustainable connection with investors. ESG reporting is encouraged but not a formal listing requirement on Nasdaq’s exchanges, and use of the Nasdaq ESG Reporting Guide is a completely voluntary initiative. It is not intended to compete with, supersede, or supplement any existing ESG reporting framework – but rather acts as an informal reference guide for companies looking to leverage ESG reporting as a way to improve operations, enhance strategy, broaden risk oversight, or engage with new investors.

To learn more about Nasdaq’s corporate responsibility and sustainability commitments, visit: https://business.nasdaq.com/discover/corporate-responsibility-and-sustainability/index.html.

About Nasdaq:

Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 100 marketplaces in 50 countries. Nasdaq is home to over 4,000 total listings with a market value of approximately $14 trillion. To learn more, visit business.nasdaq.com.

Nasdaq Media Contacts:

Will Briganti (United States)
(678) 504-6097

Emily Pan (United States)
(646) 441-5120

Erik Granström (Europe)
+46 73 449 78 07

Payvision celebrates its 1st anniversary with ING with over 50% growth and a brand-new visual and sonic identity

  • One year of partnership Payvision x ING equals a financial services powerhouse combining payments and banking expertise for innovative commerce solutions; Payvision recorded over 50% growth.
  • Payvision integrates its affiliate company, Acapture, under its new brand, becoming the go-to fintech partner to offer an extensive payments package to merchants across the globe.
  • With its human-centric visual and sonic identity, Payvision shows its true brand essence as the trusted, lighthearted fintech partner that businesses can count on for safe and easy payments.

AMSTERDAM, The Netherlands, May 15, 2019 (GLOBE NEWSWIRE) — Payvision, a global payments fintech player celebrates its one-year partnership with ING, one of the largest European banks, with a brand-new visual and sonic identity, marking the company’s shift into a new era. Payvision had an excellent year in 2018, fueled by its strategic partnership with ING, a complete rebranding process, and more than a 50% increase in transaction volume.

During the first year, the ING-Payvision partnership brought forward an exclusive blend of payments and banking products to the industry, positioning the two as a financial services powerhouse. Besides serving merchants across the globe with a data-driven, omnichannel payments platform, the combined proposition also integrates Internet of Things capabilities from both companies, such as FINN, into a wider fintech ecosystem. This empowers Payvision to accommodate any payment method a merchant could ask for; from traditional cards, to Apple Pay, soon to be introduced by ING in the Netherlands, as well as invisible payment capabilities in the future. In 2018, the strategic focus was placed on serving mid-sized merchants in Belgium and the Netherlands, and large corporates with a global reach. During 2019, this is planned to be extended to all SME customers of ING.

“This first year of partnership involved a deep understanding and adjustment to each other’s business styles, and we all benefited from the creative, straightforward entrepreneurial spirit of Payvision coupled with the resourcefulness and the broader financial knowledge of ING,” said Mark Buitenhek, Global Head Transaction Services at ING Group. “Payvision’s rebranding comes as a natural step towards its growth ambitions and ING is delighted to see the fintech mindset showing off through the company’s strong identity.”

Payvision’s speedy growth paired with the addition of its affiliate company, Acapture, and strategic partnership with ING brought forward the need to redefine its brand position in the payments industry. As part of the rebranding process, the Acapture platform was integrated under the new Payvision brand, uniting the payment solutions offered via Acapture with Payvision’s acquiring network. The result means Payvision is a data-driven, omnichannel payment processor offering safe and easy payment solutions to merchants across the globe.

The new Payvision brand encompasses the creativity and energy of the team driving the company’s growth. The human-centric approach and vibrant, simple identity bring a breath of fresh air for customers in an industry defined by complex solutions. It’s through the nature of its close, human interactions that Payvision brings a unique tempo, underlining the company’s new brand essence, the beat of payments.

“Payvision’s new brand identity was a strategic project aimed at reinventing the company as it stepped into a new chapter. So, we’re excited and proud of this milestone,” said Payvision’s CEO, Rudolf Booker. “There’s no better way to celebrate our first anniversary with ING than by redefining our DNA, reflecting the lively personality and creativity of the people behind the company. Payvision is now ready for the future, living up to its core values, passion and curiosity.”

For its visual identity, Payvision worked with Saffron, an award-winning brand consultancy that helped discover and show the company’s original personality through brand expression. Furthermore, given its new brand essence, Payvision worked with MassiveMusic, one of the world’s leading creative music agencies, to define its sonic identity and bring the beat of payments to life. With both visual and sonic identities defined, Payvision becomes the first player in the payments industry to unveil a multifaceted brand strategy.

Find out more about the new brand identity, the Payvision beat and the story behind the rebranding project here.

About Payvision
Payvision is a global payment processor that’s driven by a passion for technology and simplifying payments. With one single, secure platform, we power transactions for businesses across the globe. We know our way around the latest techniques in artificial intelligence, omnichannel strategies and advanced fraud prevention. The dedication to our clients shows – this is where we truly make a difference. By enabling an intuitive and flawless customer experience on all channels, we bring a unique beat to payments.
Headquartered in Amsterdam, the Netherlands, we’ve grown over the past 17 years into an international team with offices in North America, Europe and Asia. In 2018, ING bought a 75% stake in Payvision, allowing us to offer an unstoppable combo of the fintech and banking worlds put together. This partnership means cutting-edge innovations and a startup mindset backed by ING’s expertise and global network.

Learn more about how Payvision takes the hassle out of payments at payvision.com. Get in touch with our PR & Communications team at press@payvision.com  or +31 20 794 23 00.

David Harding, SVP & Chief Technical Officer, ImageWare Systems®, Discusses Growing Worldwide Traction of Biometric Authentication

NEW YORK, May 15, 2019 (GLOBE NEWSWIRE) — David Harding, SVP & Chief Technical Officer, ImageWare® Systems, Inc. (OTCQB: IWSY), a leader in mobile and cloud-based two-factor, multi-factor, and biometric multimodal authentication and identity management solutions, sat down with Mobile ID World to talk about cybersecurity threats and the global growth of biometric authentication.

For the complete discussion, click here: https://blog.iwsinc.com/cto-david-harding-interview.

Important Highlights from that Discussion:

Mobile ID WorldImageWare recently introduced the ImageWare Digital Identity Platform, what makes this new solution standout in the biometrics market and how does it fit in with the rest of ImageWare’s product line?

David Harding: The ImageWare Digital Identity Platform combines the most robust identity proofing capabilities with the broadest and most complete set of multi-factor and biometric authentication methods. We have always had a robust platform and a robust set of products for two-factor and multi-factor identity authentication as well as full identification capabilities. But now, with complete integration of all these products, all factors of identity proofing and authentication are combined into a cohesive product set. This allows our customers to create and manage digital and biometric identities using fully vetted government issued documents, reliable biometric authentication, and a fully managed digital identity life cycle.

Mobile ID World: High profile data breaches and the way we work has changed with the rise of the sharing economy, remote contract workers – making identity proofing and authentication an important aspect of the enterprise discussion. How does ImageWare’s Digital Identity Platform fit into this new modern workplace?

David Harding: To answer that allow me to highlight a few of our key strengths in that area:

One – we can use any type of authentication device: mobile devices, desktops, laptops, physical access control devices, anything.

Two – we integrate not just at the endpoint but at the enterprise authentication source. We are directly integrated into Windows Active Directory for both two-factor and multi-factor biometric authentication. We do the same thing with Linux, IBM ISAM, ForgeRock, CA SSO, SAP HANA, and more.

Three – we are verifying the identity prior to enrollment. That ensures that the identity enrolled is the identity in question.

Mobile ID World: You mentioned some of ImageWare’s partners and you have a really impressive partner network including big names like Fujitsu, IBM, Verizon, ForgeRock, among others. What makes a robust partner network so important in today’s biometrics landscape?

David Harding: The companies that you have mentioned are leaders in scalable identity management. However, they are not leaders in scalable multimodal biometric platforms that can support hundreds of millions of identities across multiple biometric modalities. So, the partnerships we have cultivated are very symbiotic and complementary.
Our competitors often make similar promises.  However, they don’t provide the scalability nor the depth of capability and features based on the depth of our multimodal intellectual property and multi-patented technology.  That’s why our partnerships are such a great fit.

Mobile ID World: ImageWare is already established in healthcare and is seen as something of a pioneer for bringing biometrics to that space. How has the healthcare biometrics market changed in recent years and what do you see as driving this new interest?

David Harding:   Personal healthcare information is extremely personal, sensitive, and it doesn’t change. It’s shocking that the vast majority of health records are secured by PINs and passwords, which have an 81 percent failure rate.

To that point, ImageWare Systems recently announced that a global leading payments and financial technology provider has selected our GoVerifyID biometric authentication solution.
Congress passed the 21st Century Cures Act in 2016 that mandates states implement Electronic Visit Verification (EVV) for all Medicaid personal care and all health services beginning in 2020.

So, we see healthcare just as you do – a rapidly expanding market for multimodal biometrics.

Mobile ID World: Taking on a wider picture of everything, and we have touched on some of this already, but what are some highlights of ImageWare’s 2019 so far?

David Harding:  Well 2019 is gearing up to be an exciting year and what can you expect to see from us? More and better – – more partners, more integrations, more biometric options, better platform enhancements including increased scalability and efficiency and most importantly, more success.

A final note: stronger passwords don’t work.  We’ve seen how they fail. Even two-factor authentication on its own has significant vulnerabilities that can be exploited.  So, we have to ask ourselves, don’t we all have a social responsibility to provide a safe and secure world? At ImageWare, we believe we do.  Our continuous innovations, supported by over 20 biometric technology patents worldwide help make that a reality.


Please also join Jim Miller, Chairman and CEO, ImageWare Systems, “In The Boardroom” on SecuritySolutionsWatch.com for additional color about biometrics market drivers and the growing worldwide traction for IWSY solutions:  http://www.securitysolutionswatch.com/Interviews/in_Boardroom_ImageWare2019.html


About ImageWare® Systems, Inc. 
ImageWare Systems, Inc. is a leading developer of mobile and cloud-based identity management solutions, providing two-factor, biometric and multi-factor cloud-based authentication solutions for the enterprise. The company delivers next-generation biometrics as an interactive and scalable cloud-based solution. ImageWare brings together cloud and mobile technology to offer two-factor, biometric, and multi-factor authentication for smartphone users, for the enterprise, and across industries.

ImageWare’s products support multimodal biometric authentication including, but not limited to, face, voice, fingerprint, iris, palm, and more. All the biometrics can be combined with or used as replacements for authentication and access control tools, including tokens, digital certificates, passwords, and PINS, to provide the ultimate level of assurance, accountability, and ease of use for corporate networks, web applications, mobile devices, and PC desktop environments.

ImageWare Systems, Inc. is headquartered in San Diego, California, with offices in Oregon, Canada, Mexico, and Japan.  To learn more about ImageWare,
visit https://www.iwsinc.com/ and follow us on TwitterLinkedInYouTube and Facebook.

Media Contact
Michael Senger, VP Corporate Communications, ImageWare Systems, Inc.
(858) 257-0358   media@iwsinc.com

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Forward-Looking Statements

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “if,” “should” and “will” and similar expressions as they relate to ImageWare Systems, Inc. are intended to identify such forward-looking statements. ImageWare may from time to time update publicly announced projections, but it is not obligated to do so. Any projections of future results of operations should not be construed in any manner as a guarantee that such results will in fact occur. These projections are subject to change and could differ materially from final reported results. For a discussion of such risks and uncertainties, see “Risk Factors” in ImageWare’s Annual Report on Form 10-K for the fiscal year ended December 31, 2018 and its other reports filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.

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