EyeLock And Stanley Security Solutions Partner To Commercialize Iris Biometrics

     EyeLock And Stanley Security Solutions Partner To Commercialize Iris
                                  Biometrics

Exclusive Partnership to Bring Secure Identity Authentication Solutions to the
Enterprise Market in the U.S., Canada and Europe

PR Newswire

NEW YORK, March 26, 2013

NEW YORK, March 26, 2013 /PRNewswire/ --EyeLock Inc., a leading provider of
iris-based identity authentication solutions, today announced its strategic
partnership with Stanley Security Solutions (SSS), part of Stanley Black &
Decker (NYSE: SWK), the second largest commercial security services company in
the United States and a leading provider of advanced integrated security
solutions globally, to further commercialize EyeLock's iris-biometric
offerings. 

EyeLock provides a suite of the most user-friendly, scalable and
cost-effective, iris-based identity authentication solutions, which will be an
added differentiator to SSS's existing security solutions. The EyeLock suite
enables SSS to bolster its global distribution and organic growth strategy
across key vertical markets, with a key focus on the financial services,
banking, healthcare, industrial, education and government sectors.

EyeLock's access control solutions are currently utilized across diverse
markets including enterprise access, banking, healthcare, homeland security
and border control applications. These installations effectively eliminate
identity-related breaches and fraud by securely and accurately matching people
with the unique biometric markers associated with their irises. 

Under the terms of this strategic partnership, SSS has acquired the exclusive
rights to distribute EyeLock's proprietary technology, products and solutions
for access control applications in the U.S., Canada and Europe. The
partnership enables SSS to expand its expertise in providing high-level
security solutions to existing clients. Additionally, the technology will be
made available to the broader commercial market-at-large through a newly
formed EyeLock Certified Dealer Program, which will expand SSS's global reach
and contribute to the Company's organic growth strategy.

This partnership will also provide EyeLock with the financial and operational
flexibility to accelerate and expand its portfolio of identity authentication
solutions and focus on developing next generation applications for the mobile,
cyber and logical access markets.

"EyeLock has invested in substantial development efforts over years to perfect
an iris authentication system that is easy to use, effective and commercially
attractive. This technology will help companies address issues that have been
plaguing them for years, namely, that millions of dollars are lost annually to
security breaches, identity theft and fraud," said Jim Demitrieus, Chief
Executive Officer, EyeLock. "SSS understands the game-changing impact that
adoption of our technology will have for companies in the U.S. and abroad. We
look forward to this partnership, which will significantly expand the reach,
distribution and deployment of our technology, and also allow us to focus on
future applications for EyeLock's identity authentication solutions. With this
partnership, SSS and EyeLock are well-positioned to lead the industry and
change the way identity management and access control needs are served."

About the Technology:

  oThe human iris has over 200 points that are unique from person to person;
    these points remain constant over one's lifetime, making the iris the most
    stable biometric template available, second in accuracy only to DNA.
  oThe EyeLock suite of products recognizes a user's iris at a distance while
    the person is in motion at the rate of approximately one person per
    second. The high throughput, accuracy and ease-of-use make this device a
    highly attractive product for commercial, industrial and high-density
    usage.
  oEyeLock's cost effective iris-authentication technology is replacing
    conventional card or key-based access systems. Significant enterprise
    savings are realized by avoiding the cost to replace lost or stolen cards
    or misuse of lost cards.

"Stanley's partnership with EyeLock exemplifies our commitment to identifying,
developing and marketing innovative and revolutionary technologies in the
security industry," stated Brett Bontrager, Senior Vice President & Group
Executive, Stanley Security Solutions, for Stanley Black & Decker. "We believe
the EyeLock technology is the most fundamental change in access control since
the creation of the lock and key. For more than 150 years Stanley has been
focused on bringing the most innovative technologies to the commercial,
industrial, government, education and healthcare markets. Thanks to this
partnership, our current and future clients will immediately start to realize
the benefits of this iris-based technology."

For more information on the SSS and EyeLock partnership, please visit
www.stanleysecuritysolutions.com. For more information on EyeLock, please
visit www.EyeLock.com.

About EyeLock Inc.

EyeLock Inc. is a leading technology provider of iris-based identity
authentication products and technology solutions. Transforming the way
identities are authenticated and protected, the Company offers a broad suite
of breakthrough solutions for the identity management, access control, border
control and logical access sectors.

The proprietary, iris-based identity management solutions are cost-effective,
scalable and easy-to-use iris recognition systems that operate while a person
is in motion and at a distance. EyeLock delivers products and solutions where
privacy, convenience and security are synonymous.

www.EyeLock.com

855-EYE-LOCK

About Stanley Security Solutions

Stanley Security Solutions, a division of Stanley Black & Decker (NYSE: SWK),
is a provider of integrated security solutions defining the future of the
security industry. Stanley delivers a comprehensive suite of security
products, software and integrated systems with a strong emphasis on service.
Stanley is powered by a culture of continuous innovation, providing
revolutionary technology and unmatched customer service to commercial,
institutional and industrial businesses and organizations. We focus on
complete customer transparency and operational excellence in the five customer
touchpoints: account management, installation, service, monitoring and
billing. Stanley takes pride in our signature approach to doing business –
offering global resources, with a local touch. As one of the world's largest
and most comprehensive security providers, we're protecting what's important
to you by designing, installing, servicing and monitoring an extensive array
of products and solutions that span the entire security spectrum:

  oIntrusion, Fire, Access Control and Video Surveillance Systems
  oSystems Integration & Vertical Market Solutions
  oAutomatic Entrance Solutions
  oDoor Locking Hardware, Closers & Exit Devices
  oMaster Keyed Systems
  oSafe Lock & Vault Solutions
  oRTLS Asset Visibility Solutions
  oIris Biometric Identity Authentication Solutions
  oUL & Bilingual ULC Monitoring Services
  oReal-Time, Online eServices

www.stanleysecuritysolutions.com

855-5-STANLEY

For more information contact:       Samantha Wolf
Murphy Knott Public Relations, Inc. KCSA Strategic Communications
O: 312-867-9177                     O: 212-896-1220
C: 312-622-3129                     C: 646-673-7542
                                    swolf@kcsa.com

SOURCE EyeLock Inc.

Website: http://www.eyelock.com
 
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