Voxx To Buy Controlling Stake in EyeLock, Iris Authentication Technology Supplier

Voxx International will create an “acquiring entity” to buy a majority stake in EyeLock, an iris authentication technology supplier, Voxx said in a Wednesday announcement. EyeLock has developed “a portfolio of biometric solutions based on iris authentication with more than 70 patents and patents pending,” Voxx said. Its technology “provides an unprecedented level of convenience and security with biometric accuracy, making it the most proven way to authenticate one's identity aside from DNA,” it said. EyeLock’s “advances” in iris authentication have made it possible to use “this highly secure technology” across “a broad array” of consumer and business-to-business IoT applications, “without compromising accuracy or ease-of-use,” Voxx said. Terms weren’t disclosed.