Home Factor company AwareID™ offers lightning-fast identity verification, multi-factor authentication and multi-modal biometrics in a single low-code platform

AwareID™ offers lightning-fast identity verification, multi-factor authentication and multi-modal biometrics in a single low-code platform


BURLINGTON, Mass., October 24, 2022 — Aware, Inc. (NASDAQ: AWRE), a leading authentication company that applies proven and trusted adaptive authentication to solve everyday biometrics business challenges, disrupted the industry today with the introduction of its all new product, AwareID™. Gone are the days when advanced security was only available to organizations with large budgets, deep IT teams, and free time. AwareID combines the historically disjointed best practices behind identity verification, multi-factor authentication, and multi-modal biometrics into a single, low-code platform that’s preconfigured for the most common use cases and is functional from the start. .

“We know that the increased frequency of data breaches, rising rate of fraud, and the introduction of government regulations and mandates have driven organizations across all industries to seek security solutions that promise protection,” commented Bob. Eckel, president and CEO of Aware. “The problem is that what they find when they search is a plethora of products from various vendors that all need to be technically integrated and multi-sourced to form a complete offering. This research and integration takes time, money and advanced technical knowledge, preventing organizations without these resources from deploying the level of security they need. With AwareID, we’re bringing the latest in next-gen authentication to the masses.

Pre-configured for the most common use cases and positioned at an affordable price, AwareID tackles integration and authentication to help organizations of all sizes improve their security posture while improving the user experience. the end user. Non-IT professionals can protect their organization with AwareID’s intuitive, easy-to-use, low-code administration platform. For organizations that have deep technical expertise, IT teams can skip preconfiguration and expand the realm of possibilities to fit unique requirements, or simply develop internal workflows and/or trade secrets to differentiate their organization and their offers. .

“From a consumer perspective, we know users are tired of passwords, as our recent survey reiterates. From a customer perspective, we know organizations struggle to piece together disparate technologies in an effort to strike the right balance between friction and security,” said Craig Herman, chief revenue officer at Aware. “AwareID takes the strain off the customer’s organization and provides a functional offering that can be deployed in minutes instead of months, and at a fraction of the cost of existing piecemeal solutions.”

Aware leverages over 25 years of proven implementation expertise and the convergence of machine learning, artificial intelligence, and biometrics to deliver a next-generation authentication platform that aligns with the needs of organizations and protects identities against new emerging attack vectors. AwareID’s scalability and open environment allow it to continue to adapt to business needs and the changing security landscape, giving Aware customers an advantage they can’t find anywhere. somewhere else.

To learn more about how AwareID can help your organization and how you can bring trusted technology deployed in over 20 countries, over 80 government agencies (including within 12 of the top 15 U.S. federal government departments) and 100+ business leaders at your company—visit Awareid.com.

About Conscious
Aware is a global authentication company that validates and secures identities using proven and trusted adaptive biometrics. Aware’s software and software-as-a-service offerings address the growing challenges government and commercial organizations face in knowing, authenticating, and securing people through seamless, highly secure user experiences. Aware’s algorithms are based on the world’s most diverse datasets and can be tailored to each customer’s unique security and requirements. The company empowers users to control identities with clear and intuitive opt-in/opt-out features, helping them feel secure and improving their lives. Aware is a public company (Nasdaq: AWRE) based in Burlington, Massachusetts. To learn more, visit https://www.aware.com or follow Aware on Twitter @AwareBiometrics.

Safe Harbor Warning
Portions of this release contain forward-looking statements regarding future events and are subject to risks and uncertainties, such as the anticipated benefits and success of AwareID, and the growth of biometrics markets. Aware cautions you that there are factors that could cause actual results to differ materially from those indicated by such statements.

Risk factors relating to our business include, but are not limited to: (i) our results of operations can fluctuate significantly and are difficult to predict; (ii) we derive a significant portion of our revenue from government customers, and our business may be adversely affected by changes in the contractual or tax policies of such government entities; (iii) a significant commercial market for the biometric technology may not develop, and if it does, we may not be successful in that market; (iv) we derive a significant portion of our revenue from third party channel partners; (v) the biometrics market may not experience significant growth or our products, including AwareID, may not be widely accepted; (vi) we face intense competition from other providers of biometric solutions; (vii) our business is subject to rapid technological change; (viii) our software products may contain errors, defects or bugs that could adversely affect our business; (ix) our business may be adversely affected by our use of open source software; x) we rely on third-party software to develop and deliver our solutions and material defects in third-party software could harm our business; xi) part of our future business depends on market demand and acceptance of the cloud-based model for using software: xii) our operational systems and networks and our products may be subject to increasing risk of constantly changing cybersecurity or other technology risks that could result in the disclosure of confidential company or customer information, damage to our reputation, additional costs, regulatory penalties and financial loss; (xiii) our intellectual property is subject to limited protection; xiv) we may be sued by third parties for alleged infringement of their proprietary rights; xv) we must attract and retain key personnel; (xvii) our business may be affected by government regulations and adverse economic conditions; xviii) we may make acquisitions that could adversely affect our results; xix) we may have additional tax liabilities; and (xx) we believe that the effects caused by the COVID-19 pandemic could negatively impact our revenues in the coming quarters.

We refer you to the Aware filings from time to time with the Securities and Exchange Commission, in particular the section titled Risk Factors in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and other reports and documents filed with the Securities and Exchange Commission.