Seeking to diversify its activities, Nemex Resources will invest in an Australian-developed security technology that uses the eye as its biometric mechanism.
The technology was invented by Stephen Mason and Dr Ed Sarver, and is currently being developed and commercialised by Wavefront Biometric Technologies.
The identity authentication solution identifies an individual based on the pattern of light reflected back from the contour of the tear film on the corneal surface of the eye. According to the inventors, this corneal topography is unique to each person.
Additionally, moisture content in the eye means the tear film is constantly changing. This allows the generation of a one-time identification factor, providing not just positive identification of an individual, but also authentication.
This guards against stolen biometric information, because the technology will reject an exact match or copy, even while detecting and accepting an individual’s unique biometric data. Applications include banking, healthcare, military, security access, border control, as well as control to access on mobile devices and online services.
Wavefront Biometric Technologies has already developed a desktop device which delivers its technology, and is now in the process of creating a hand-held platform which offers the same identity authentication technology.
Nemex Resources’ investments will fund the final stages of product development.