CryptoMetrics Investor Relations
CryptoMetrics®, Inc. is a privately held company headquartered in Tuckahoe, NY, less than one hour from Manhattan.
The company completed a private placement of $17.5 million in July 2005, funding which will fuel the company’s ability to capitalize on the growing demand for biometric solutions, by hiring key personnel, expanding operations, enhancing current and developing new technologies and exploiting market penetration opportunities.
CryptoMetrics is an early leader in the emerging biometric security marketplace. Following the terrorist attacks of September 11, 2001, analysts Frost and Sullivan identified the non-fingerprint biometrics market as growing from $66 million in 2000 to more than $900 million by 2005. Since that time, estimates have accelerated. The International Biometric Group (IBG) – an industry research and consulting firm – estimates that the total biometrics marketplace will exceed $1.8 billion in 2005 and $4.6 billion by 2008. IBG also estimates that facial scan systems and their related middleware applications will reach a total of $415 million by 2005. (Source: IBG).
As a leading provider of both fingerprint recognition systems – the largest segment of the biometrics industry – and facial recognition systems – one of the fastest growing segments – CryptoMetrics is well positioned to capitalize on the dramatic growth expected in this industry.
For investor relation inquiries, please contact us at invest@cryptometrics.com
