Markets GNTX

Gentex Buys BioConnect

(RTTNews) - Gentex Corporation(GNTX), an electronic products maker, said on Monday that it has acquired BioConnect, a Canadian biometric authentication solutions company.  

Neil Boehm, Chief Technology Officer of Gentex, said: "This acquisition not only provides Gentex with a strong foothold in the security and access control industry, but also the expertise to continue developing advanced biometric solutions for the industries we currently serve."

With this acquisition, Gentex expects synergy between BioConnect and EyeLock, an iris biometric technology obtained by Gentex in the purchase of VOXX International earlier this year.

BioConnect and EyeLock personnel will work together to form Gentex's Security & Access Control team to utilize EyeLock hardware in BioConnect platforms.

RTTNews
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
More articles by this source

Tags

Stocks Mentioned

Latest Articles

Data is currently not available