Sunday, September 08, 2013
Are Facial Recognition Stocks Staring You in the Face?
A Slap in the Facial Recognition Industry
Through the Looking Glass of Facial Recognition Stocks
According to WallStreetNewsNetwork.com, ther are about a dozen stocks involved in facial recognition technology, with some having it as a small part of their business and a few pure plays. Some of the other major players include 3M (MMM), which has the Cogent BioTrust biometric logon software and the CAFIS facial recognition authentication system, Apple (AAPL), which has the iPhoto software Faces and the Polar Rose facial recognition company, and Safran (SAFRY), which owns L-1 Identity Solutions.
As for companies that are more pure plays, there is Nxt-ID, Inc. (NXTD), a Shelton, Connecticut company which provides biometric solutions for the law enforcement facial recognition markets. The company has MobileBio FaceMatch, a modular facial recognition system for smartphones, tablets, laptop, and desktop computers, and 3D FaceMatch Biometric Identity Systems, which combines 3D facial recognition, 2D facial recognition, and optional fingerprint biometrics. This very low cap stock generated a loss of three cents a share for the latest quarter.
To access a free list of all the companies with some involvement in the facial recognition industry, go to WallStreetNewsNetwork.com. Although there are many privacy issues, this is a growth industry of the future.
Disclosure: Author owns AAPL.