Gamble of the week: rapidly growing biometrics provider
With increasing international travel and use of the internet, new technologies to counter terrorism, illegal immigration, crime and ID theft are being introduced around the world. One such measure is biometrics: the unique identification of individuals by using voice, iris, DNA, hand and facial recognition technologies. As any holiday-maker to America will know, the US immigration department launched biometric passports in 2005, employing fingerprints to identify visitors. The UK Government also announced last week that it is to be mandatory for all domestic air-passengers to be finger-printed at Heathrow’s new Terminal 5 when it opens on 27 March. This system is also set to be implemented at Gatwick, Manchester and Heathrow Terminal 1 – and will probably also be rolled out across all UK airports. Within ten years, the Government’s longer-term vision is to have photographs and finger-prints of all British citizens registered on a national database. Similar measures are being installed all over the world and this is driving up demand for biometrics. Indeed, the industry is forecast to expand by 20% per annum to $7.1bn by 2012. And this stock will be a major beneficiary:
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