Seattle to Use Facial Recognition: Top Facial Recognition Stocks

In spite of privacy concerns, the city of 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 quarter.

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.
 
By Stockerblog.com