Zwipe has launched a two-factor authentication solution for access control based on its biometric authentication technology platform. The global access control market is valued at USD 7.65 billion and is expected to reach USD 11.7 billion by 2026.
Entering the access control market, Zwipe announces collaborations with several well-known companies in the security industry; including HID Global, a brand of the ASSA ABLOY group and the world leader in trusted identity solutions, LeGrand, the global specialist in high value-added products and solutions for commercial, residential and industrial buildings, and Southco, the leading designer and global manufacturer of technical access solutions.
The coalition will bring to market a highly advanced and cost effective biometric authentication solution. The full capacity of Zwipe’s biometric card works with existing access control systems, eliminating the need for time-consuming and costly adjustments to existing access control infrastructure.
Commenting on this breakthrough, André Løvestam, CEO of Zwipe, said: “With Zwipe’s advanced biometric authentication technology platform, Zwipe is ready to enter adjacent markets, starting with access control. We see a real need for much stronger access control solutions and are confident that our biometric card solution will address many security concerns in this space. We are especially proud to partner with such distinguished companies and look forward to adding significant value to this industry with our solution. I have no doubts that access control and identification will be an important line of business for Zwipe going forward, contributing to our profitable growth and long-term value creation.
The client project started with Raritan (an expert data center company with global references and a subsidiary of LeGrand), focusing on the joint development of a highly secure solution based on Zwipe’s biometric card technology that offers a new level of ‘secure access to the data center cabinets.
Raritan CTO Swen Anderson commented: “It was crucial that we develop a product that allows us to deploy the latest biometric technologies without having to make infrastructure changes. Zwipe gave us the opportunity to leverage its cutting edge technology platform to create a new product that provides a level of security for data center access control unique in our industry.
“Through this excellent cooperation based on real use cases, the full integrity of our biometric card solution has been successfully demonstrated for new application areas. Our biometric authentication technology platform offers world-class security and we are excited that it can be seamlessly integrated with physical and logical access control solutions. We believe that innovations such as biometric access control and identity management will be in high demand, ”said Christian Vaas, vice president of identification solutions and access control at Zwipe.