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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, a leader in biometrics, has announced a new partnership with Iris ID Systems to enhance identification technologies for state and local agencies. This collaboration aims to utilize the FBI's Next Generation Identification (NGI) Iris Service, promoting fast and accurate iris-based identification in criminal justice. Aware's products, including AwareABIS and Nexa|Iris, will be integrated with Iris ID's hardware to provide improved recognition capabilities. The partnership supports law enforcement by facilitating better access to biometric data and quicker apprehension of individuals.
Aware, Inc. (NASDAQ: AWRE) announced a partnership with Imprivata to integrate its biometric facial recognition technology into Imprivata's electronic prescriptions for controlled substances (EPCS) solution. This innovation allows healthcare providers to self-enroll securely when prescribing controlled substances, enhancing patient safety and compliance. Aware's biometrics improve healthcare workflows by offering secure mobile patient registration, accurate patient identification, and streamlined mobile authentication. The collaboration aims to bolster cybersecurity while meeting compliance demands in the healthcare sector.
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Aware, Inc. (NASDAQ: AWRE) reported strong financial results for Q1 2021, achieving a 29% sequential revenue increase to $4.4 million, up 26% year-over-year. The surge is attributed to rising subscription revenue driven by transaction growth. Over 7 million transactions were secured by Knomi, supporting its 5x year-on-year subscription revenue growth. Despite a net loss of $1.4 million, cash reserves stand at $36 million. Partnerships, including one with Intercede for the U.S. Department of State, and advancing technology like the NIST evaluation bolster Aware's continued growth prospects.
Aware, Inc. (NASDAQ: AWRE), a leader in biometrics software, announced a webcast on April 27, 2021, at 5:00 p.m. Eastern to discuss its Q1 2021 financial results. The results will be released prior to the call, allowing investors to gain insights into the company's performance. A question-and-answer session will follow the presentation. Interested parties can submit questions in advance via email. A replay of the presentation will be available for 90 days in the investor relations section of Aware’s website.
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Aware (NASDAQ: AWRE) has announced a partnership with Intercede to enhance cybersecurity solutions using Aware's biometric expertise. This five-year collaboration aims to bolster digital identity security, specifically targeting federal agencies and enterprises. Their combined solutions will strengthen Intercede's MyID Credential Management System, which enables secure multi-factor authentication. Both companies have already secured a contract with a US federal agency. Aware's biometric software will integrate into Intercede's platform, ensuring high security amidst rising identity theft threats.
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Aware, Inc. (NASDAQ: AWRE) has appointed Gary Evee as a Class I director on its Board, enhancing its expertise in business, technology, and cybersecurity. Evee, founder of Evee Consulting Group, brings over 25 years of experience, particularly from his role at IBM's Cybersecurity Business Unit. His leadership is expected to bolster Aware's mission of empowering individuals to Own their Identity™. The board welcomes this addition to further strengthen its capabilities in the growing biometrics market.
Aware, Inc. (NASDAQ: AWRE) reported strong financial results for Q4 2020, with revenue hitting $3.4 million, a 38% sequential and 40% year-over-year increase. This growth was driven by higher license and subscription revenues. Although the company reported an operating loss of $1.9 million in Q4, this was an improvement from the previous quarter. For the full year 2020, revenue totaled $11.3 million, down from $12.2 million in 2019, mainly due to lower services revenue. Aware aims to capitalize on growth opportunities and expand its market presence in 2021.