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News Release from: UK Trade and Investment
Edited by the Electronicstalk Editorial
Team on 12 May 2003
Publication looks to exploit biometrics
growth
"Biometrics" is a marketing publication that highlights the growing success of this relatively new industry and provides foreign businesses with an overview of investment opportunities.
Invest.UK, the Government agency responsible for promoting inward investment in the UK, has produced "Biometrics" - a marketing publication that highlights the growing success of this relatively new industry and provides foreign businesses with an overview of investment opportunities The new publication is part of an ongoing programme run by Invest.UK that uses technological excellence as a means of promoting the UK as the location of choice for companies operating in these sectors
This article was originally published on Electronicstalk on 15 Dec 2004 at 8.00am (UK)
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It is estimated that the UK loses GBP 8 to 10 billion every year in fraud, privacy and security breaches.
In response to these fraud problems threatening Britain's commerce, banking and online industries, the UK government has invested GBP 7.8 million into a biometrics research programme to be matched by equal funding from the private sector.
This successful growth industry is expected to exceed US $1 billion by 2004, according to Elsevier Advanced Technology.
William Pedder, Chief Executive of Invest.UK said: "We recognise that the UK has a global reputation for research and development and technological excellence.
This proven pedigree combined with a supportive UK government provides us with an excellent communications platform from which to speak to potential investors, and one we intend to exploit to support the growth and advancement of these industries".
The biometrics market was small and not generally profitable until several years ago.
Greater demand for security and widespread adoption of smart cards and fingerprint technologies bolstered the market, and profitable companies are now more prevalent.
The most commonly used biometric techniques involve the measurement of external physical characteristics.
While fingerprint recognition and related techniques such as hand geometry recognition and ear shape recognition are now widely accepted biometric techniques, other techniques are increasing in popularity.
"Biometrics" is the latest publication in an ongoing series of sector specific literature produced by Invest.UK that also includes: automotive, biotechnology, chemicals, creative industries, e-business, electronics, logistics, oil and gas, pharmaceuticals and telecommunications.
The publications are free of charge and available in a downloadable format from the Invest.UK website. Request free introductory details about products from UK Trade and Investment ...
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