JOHNNY NG KIT-CHONG
Chairman and chief executive of Titanium Technology Group, a leading provider of digital identification products based on biometric face-recognition technology. He was awarded Hong Kong Science and Technology Park's Innovative Entrepreneur of the Year for 2003.
'Face recognition is expected to form a significant part of the biometrics market globally - a market already worth US$601 million in 2002 and projected to grow to nearly $4.04 billion in annual sales by 2007.
'Titanium Technology has positioned itself for huge government biometric spending in the near future, keeping the company on the cutting edge of the digital information and security market.
'Titanium, with its leadership in the face-recognition market, is expected to play an important role in the development of the biometrics industry. We have secured the position of a global enterprise with Titanium's solutions being implemented across the world.
'In order to achieve this, Titanium has made a commitment to the research, development and innovation of face-recognition technology.
'We continue to develop our technology so it can be implemented in civil ID solutions to help fight identity theft and identity fraud, and increase security globally.
'Because of its unique ability to perform surveillance, face recognition stands to benefit strongly from post September 11 deployment decisions.
'The technology is expected to grow rapidly as customers deploy it this year for criminal and civil identification applications, including surveillance and screening.
'Doubtless, 2004 will be a big year for Titanium as we increase our market share, gain greater recognition from international events and partner with more big global players in distributing our products.
'As Hong Kong migrates to a knowledge-based economy, our aim is to be a role model of research and development [R&D] enterprise and real/core technology, and to have the capability to deliver technology products with our brand name marked globally as 'R&D in Hong Kong'.' http://www.scmp.com/article/441274/watch-face-johnny-ng-kit-chong