The Offering ( can be change at last moment, subject to demand )

Common stock offered :-  11,833,334 shares of common stock par value $0.01

Common stock outstanding after this offering :-  28,694,610 shares of common stock par value $0.01

Offer price range :- $14.00 and $16.00 per share

Overview

For offer/objects of issue check Offer/Objects, For valuation report of issue check Valuations

Biometrics is the measurement of unique, individual physiological or behavioral characteristics, such as fingerprints, palm prints, facial characteristics, iris and voice patterns, hand geometry and handwriting pattern, that can be used to determine or verify an individual’s identity. The biometrics industry offers technology that digitally captures and encodes these individual biometric characteristics and then compares that uniquely personal characteristic against previously encoded biometric data to determine or verify an individual’s identity. Biometric technology provides improved accuracy and security, convenience and cost-effectiveness compared to traditional identification methodologies, thereby providing a superior identity management system.

International biometrics market is large, growing and evolving rapidly. According to the International Biometric Group, or IBG, an independent market research firm, the biometrics market is estimated to be $3.0 billion in 2007, with the fingerprint-related segment representing a majority of this market. IBG projects the overall biometrics market to grow to approximately $7.4 billion by 2012, representing a compound annual growth rate, or CAGR, of approximately 20%.

More stringent security requirements, an increasingly global economy and more mobile populations have given rise to greater demand for technologies that offer a reliable and efficient means to verify identity. Security breaches and fraud resulting from failures in identification of individuals can result in significant harm.

Biometrics, with its focus on uniquely individual characteristics, addresses the limitations inherent in traditional identification and authentication processes, such as paper credentials, passwords, PIN codes and magnetic access cards. Biometrics provides a dynamic solution for a broad range of applications, including border management, national identification programs, immigration control, identity theft and critical infrastructure applications such as employee verification, access control and information systems protection. It is expected that government and commercial entities will increasingly adopt biometric-enabled solutions to address these limitations and vulnerabilities. 

Governments were the early adopters of biometrics and are currently the primary customers for the industry. Many factors that can contribute to growth of the biometrics industry are the following:

• Rising security concerns.

• Increased government adoption.

• Emerging standards.

• Growing acceptance of biometrics.

Outlook

Outlook for Biometric technology is positive due to;

• Introduction of new products.

• More market acceptability.

• Economic viability.

• Rising awareness.

• Its more usability/benefits over other traditional identification and authentication processes.