EyeLock, announced its strategic partnership with Stanley Security Solutions, part of Stanley Black & Decker, the second largest commercial security services company in the U.S. and a leading provider of advanced integrated security solutions globally, to further commercialize EyeLock's iris offerings. Under the terms of this strategic partnership, Stanley has acquired the exclusive rights to distribute EyeLock's proprietary technology, products and solutions for access control applications in the U.S., Canada and Europe.
EyeLock, announced its strategic partnership with Stanley Security Solutions, part of Stanley Black & Decker, the second largest commercial security services company in the U.S. and a leading provider of advanced integrated security solutions globally, to further commercialize EyeLock's iris offerings. Under the terms of this strategic partnership, Stanley has acquired the exclusive rights to distribute EyeLock's proprietary technology, products and solutions for access control applications in the U.S., Canada and Europe.
EyeLock's scalable and cost-effective, iris-based identity authentication solutions, will be an added differentiator to Stanley's existing security solutions. The EyeLock suite enables Stanley to bolster its global distribution and growth strategy across key vertical markets , with a key focus on the financial services, banking, healthcare, industrial, education and government sectors. Additionally, the technology will be made available to the broader commercial market-at-large through a newly formed EyeLock Certified Dealer Program, which will expand Stanley's global reach.
EyeLock's access control solutions are currently utilized across diverse markets including enterprise access, banking, healthcare, homeland security and border control applications. These installations effectively eliminate identity-related breaches and fraud by securely and accurately matching people with the unique biometric markers associated with their irises.
This partnership will also provide EyeLock with the financial and operational flexibility to accelerate and expand its portfolio of identity authentication solutions and focus on developing next generation applications for the mobile, cyber and logical access markets.