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Frost & Sullivan Presents LG Electronics IRIS With the 2009 Global Iris Recognition Biometrics Market Customer Value Leadership of the Year Award
Date:6/8/2009

MOUNTAIN VIEW, Calif., June 8 /PRNewswire/ -- Frost & Sullivan selected LG Electronics, Iris Technology Division (LG IRIS) as the recipient of its 2009 Global Iris Recognition Biometrics Market Customer Value Leadership of the Year Award. The 2009 Frost & Sullivan Customer Value Leadership of the Year Award is presented to LG IRIS for its accomplishments in successfully propagating a value-based biometric solution that is cost-effective, superior-performing, and yields measurable returns. The company has been able to maintain consistent growth by virtue of well-planned, growth-oriented strategies and high-quality products. Additionally, the award is in recognition of the company's ability to successfully deploy, implement, and integrate products in conjunction with disparate vendor products in the market, thereby meeting end-user requirements in a more comprehensive way than its competitors.

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Recently LG IRIS has introduced a range of hardware and software products. The key features are flexibility, reliability, superior performance, enhanced security, and compatibility. The hardware products include the iCAM4000 series (globally installed at numerous governments and commercial applications), IrisAccess (System Software Suite), IrisAccelerator(TM) (Large Scale High Speed Matching Engine Technology) and others. LG hardware and software supports ANSI/ISO M1 Standards for Interoperability ISO/IEC 19794-6. LG IRIS continues to make extensive resource investments in developing new and innovative technologies; there will be some new products available at the end of the year that will once again change the iris paradigm.

LG IRIS diligently provides technical and market-oriented support through partners and system integrators located across the world. This has enabled the company to penetrate the market and efficiently serve its customer base across the world. The company's outstanding achievements can be highlighted from its recent large-scale deployments across the globe.

"We are excited to receive this prestigious award in recognition of our continual efforts to provide unparalleled technology, and services, to our valued customers," commented Charles Koo, CEO Iris Technology Division, LG Electronics U.S.A. Inc.. "We are proud of the dedication and creative talents of our integration partners, LG IRIS development, marketing, and support teams. This award is a testament to the fundamental impact that LG IRIS has made to the growth of iris recognition technology in the global marketplace, and we will continue to honor it by providing the most innovative technologies to our customers."

LG IRIS has diligently manufactured and delivered products to meet global market security needs. Additionally, it has leveraged its services and strengthened its position by partnering with organizations such as Lenel, Lockheed Martin, Unisys, HID Global, Siemens AG, Sagem Securite, Daon, and ImageWare Systems Inc., among others. Moreover, the company's ability to meet customer satisfaction by providing highly complex solutions that best meets all individual requirements is another of the company's key competitive advantage.

Each year, the Frost & Sullivan Award for Technology Innovation is presented to the company that has demonstrated technological superiority within its industry. This Award recognizes the ability of the company to successfully develop and introduce new technology, formulate a well-designed product family, and make significant product performance contributions to the industry.

Frost & Sullivan's Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.

About LG Electronics, Iris Technology Division

LG Electronics, a principal component of South Korea's LG Corp. has been active in iris recognition research, development and production since 1997. Today the US-based LG Iris Technology Division has global responsibility for all of the Company's iris recognition activities. LG IrisAccess is the world's leading deployed iris recognition platform and in thousands of locations authenticating the identities of millions and millions of persons. More people look to LG IrisAccess for iris-based authentication than to all other iris recognition products combined. To find out more, visit www.lgiris.com.

    Mohammed Murad
    609.819.4721
    murad@lgiris.com

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 35 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.

    Contact:
    Jake Wengroff
    Corporate Communications, Frost & Sullivan
    210.247.3806
    jake.wengroff@frost.com


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