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News

Facial biometrics patent comes under the hammer in spring auction.

FaceBase : 05 March, 2008  (Company News)
Algorithm for biometric facial screening for in-person application usage is being offered for sale by auction.
FaceBase has announced that Lot 37, comprised of US Patent No 6,072,894 titled "Biometric Face Recognition for Applicant Screening", will be offered at the Ocean Tomo Spring 2008 Live IP Auction on April 2nd at The Ritz-Carlton in San Francisco.

"This patent provides exceptionally broad coverage of in-person applicants. Fields of use include drivers' license applicants (eg Real ID), passport applicants, mortgage applicants and benefits applicants, all in-person applicants where a photo is (or could be) taken. Coverage is not limited to any particular face recognition algorithm," commented Payne.

Payne continued, "In rising to the challenge of terrorist threats, ID theft, bogus immigration documentation, fraudulent mortgage applications, and the many related social ills, biometric face recognition is seen as a most promising solution. 'Prevention is the only way to go' and, therefore, the face recognition is pushed forward into the screening of in-person applications. The importance of patent protection and sublicensing are apparent given the extremely high stakes, pace, and timeliness of biometric developments."

Potential licensees include US Homeland Security developers in Real ID, biometric passport, and immigration, as well as Financial Institutions and their providers.

With approximately $50+ million in transactions closed to date, the Ocean Tomo Live IP Auctions are often referred to by leading industry professionals as a forum of commerce. The events bring together hundreds of key decision-makers in the intellectual property and investment communities.

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