Tuesday, March 19, 2019 5:37:54 PM
I am guessing a big hint. read previous PR from last year below on facial recognition business.
New York, August 28, 2018 /PRNewswire/ -- Advanced Technology Group a division of Universal Power Industry Corporation (OTC:UPIN) today announced that they have completed an agreement with Shanghai Weibridge Network Corp. of China for their facial recognition technology.
UPIN has agreed with Weibridge to be the exclusive North American licensed distributor and representative of their facial recognition technology. The company will have accessibility to all Weibridge’s existing and new products, technical support and proprietary data.
The company will market the technology to city, state and federal agencies as well as the private sector, with an emphasis toward the financial (banks) industry and transportation sector.
Recent research estimates that China will become the biggest player in facial recognition technology both as a consumer and a provider. By 2023, the country will have 44.59% of the global facial recognition market share, up from 29.39% in 2017.
The forecast for the next few years is that the market itself is set to grow significantly, as more industries and companies embrace facial recognition technology’s potential. While the market was valued at $1.07 bn in 2017, by 2025 it will be worth $7.11 bn, representing a compound annual growth rate of 26.8%.
“The company is extremely pleased that we were able to reach an agreement with Weibridge regarding their products and technology. The company envisions facial recognition technology will become a security standard.” Said Mr. Chiu Excutive V.P. of Universal Power Industry Corporation.
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM