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Aware, Inc. reports developments in biometric identity and authentication software for organizations that verify identities, authenticate access and prevent identity-related fraud. Company updates center on the Awareness Platform, biometric orchestration, Aware Intelligent Liveness, and technologies that process fingerprint, face, iris and voice data across government and enterprise use cases.
Recurring news also covers quarterly financial results, webcast announcements, third-party evaluations and certifications, and performance in identity-testing programs such as the DHS Remote Identity Validation Rally. Aware’s releases often frame product development around AI-driven fraud, deepfakes, injection attacks, liveness detection, federal and aviation deployments, partnerships, and the company’s shift toward a platform-driven operating model.
Aware, Inc. (NASDAQ: AWRE) announced a strategic partnership with MIRACL and a $2.5 million investment in Omlis Limited, enhancing its biometric authentication offerings. This collaboration aims to improve defenses against data breaches and ransomware, which have surged significantly in recent years. Aware's integration of MIRACL’s technology will expand its cloud-based services, particularly in the financial sector, by providing multifactor authentication solutions. The partnership is expected to create future joint product developments and deliver simplified, secure user experiences.
Aware, Inc. (NASDAQ: AWRE) reported a 49% increase in revenue for 2021, reaching $16.9 million. Recurring revenue exceeded $9 million, driven by a tripling of subscription revenue. The company protected 42 million transactions via Knomi™, marking a 345% growth year-over-year. Despite a net loss of $5.8 million for the year, adjusted EBITDA improved to a loss of $3.8 million. Aware acquired Fortress Identity to enhance digital ID verification. Management aims to accelerate growth in 2022, targeting increases above the biometrics market’s 15% CAGR.
Aware (NASDAQ: AWRE), a leading biometric authentication company, is showcasing its Knomi mobile passwordless authentication solutions at Mobile World Congress Barcelona from February 28 to March 3, 2022. The demonstration highlights the significance of biometric technologies in securing SIM card registration and mobile transactions amidst rising identity theft and fraud. Aware’s offerings target mobile network operators, emphasizing strong security without compromising user convenience, as noted by Chief Commercial Officer Rob Mungovan. Attendees can visit Hall 5, Booth 29 for insights and a preview of upcoming products.
Aware (NASDAQ: AWRE) has partnered with Anonybit to enhance biometric data security. This collaboration aims to provide secure, privatized biometric templates, addressing growing concerns over data breaches. Aware's biometric technology combined with Anonybit's decentralized approach will enable privacy-preserving authentication solutions across various applications, including access control and time management. The partnership highlights the importance of securing biometric data as it becomes increasingly used in daily life, amidst rising data breach incidents.
Aware, Inc. (NASDAQ: AWRE) has received the 2022 Future Digital Award from Juniper Research for its Knomi® mobile biometric authentication platform. Recognized as the Best Mobile Identity Solution in the Security and Fraud category, Knomi addresses significant security challenges faced by telecommunications providers. The platform enhances customer authentication, reducing reliance on passwords and mitigating ID and SIM fraud risks. This accolade underscores the solution's robust market position and potential for improving user security and convenience.
Aware, Inc. (NASDAQ: AWRE) will host a webcast on March 1, 2022, at 5:00 p.m. Eastern Time to discuss its Q4 and full-year financial results for the year ended December 31, 2021. The results will be released prior to the call. Interested parties can submit questions in advance via email. The presentation will be available for replay on the company’s investor relations website for 90 days following the event. Aware specializes in biometrics software, providing solutions across various industries including finance, healthcare, and security.
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Aware, Inc. (NASDAQ: AWRE), a leader in biometrics software, has acquired Fortress Identity, enhancing its cloud-based compliance and risk management services for secure digital identities. The FortressID™ platform integrates biometric multi-factor authentication, promoting streamlined onboarding and compliance checks. This acquisition is expected to bolster Aware's market presence, particularly in North America, and supports its transformation to a SaaS business model. Aware aims to enhance its offerings, targeting financial compliance and fraud mitigation.
Aware, Inc. (NASDAQ: AWRE) partners with Turkish bank Garanti BBVA, enabling mobile onboarding and document verification through its Knomi™ framework. This collaboration aims to enhance customer accessibility by allowing account openings remotely, supporting Garanti BBVA's strategy to reach new markets and improve operational efficiency. The Knomi platform features advanced biometric technology, enabling secure identity verification without physical bank visits. Local partner DVA Bilgi Teknolojileri A.S. facilitated the partnership, addressing regulatory challenges for successful implementation.
Aware, Inc. (NASDAQ: AWRE) announced the installation of its AwareABIS Automated Biometric Identification System in the Thomas County, GA sheriff’s office. This system enhances law enforcement's ability to identify wanted individuals, enabling quicker matches for ten-print and palm print searches. AwareABIS allows local identification within minutes, improving public safety. Its flexible modular architecture integrates smoothly with existing systems. Key features include comprehensive reporting, user-friendly interfaces, and easy addition of new biometric data types.