Seattle has decided to use facial recognition technology to fight crime. Seattle is the largest city in the United States to have a police department utilizing facial recognition software. A grant from Homeland Security provided funding for the project.
Facial recognition is the technological
process automatically identifying a person from a digital image or a
video, by comparing comparing facial features to an extensive facial
database. 3D facial recognition is the latest trend, which is more
accurate and can be used with profiles of faces. Facial recognition
systems are employed by law enforcement, national security governmental
agencies, casinos, banking, mobile devices, and even social media.
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 major players that have facial recognition as a small part of their business include Facebook (FB), Google (GOOG), 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, at $93 million, generated a loss of seven cents a share for the latest
An extremely low cap player in this industry is AccelPath (ACLP), which has developed and marketed 3-D facial recognition for the security industry. Products included 3D SketchArtist, 3D FaceCam, and OmniEye Wellcam.
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.