Tuesday, July 25, 2006
Hitachi to Expand Finger Vein Authentication System Business on a Global Basis; Establishes Organizations to Promote Business in North America, Europe
Tokyo, Japan, Oct 12, 2005 - (JCN Newswire) - Hitachi, Ltd. (NYSE:HIT/TSE:6501) today announced plans to further strengthen the security business, one of the targeted fields for the Hitachi Group. Hitachi has decided to launch a full-scale drive to globally expand its finger vein authentication system business, one of the central businesses of its security business.
In August this year, Hitachi established the Finger Vein Global Business Center within the Smart Identification Solutions Division in the Information & Telecommunication Systems Group. The center will coordinate global expansion efforts. In a subsequent step on November 1, Hitachi will establish a dedicated Finger Vein Authentication Business Center (tentative name) within four subsidiaries that function as regional headquarters in North America, Europe, China and Asia. Hitachi will provide finger vein authentication systems tailored to the social conditions and customer needs of these four regions, including Japan, by using optimum authentication equipment for each area.
Presently, Hitachi's finger vein authentication system business generates sales of several billions of yen, including related systems. However, through the global development of this business, Hitachi aspires for sales of 100 billion yen over the three-year period from fiscal 2006 (beginning April 1, 2006) through fiscal 2008.
As today's network-based society continues to develop, information is increasingly becoming a key part of our everyday lives, leading to even greater convenience. Furthermore, with the impending arrival of the ubiquitous information society, which is expected to further accelerate this tempo, system providers worldwide are pushing ahead with the development of new systems for technological advances. Conversely, in a society interconnected by global networks, damage due to crimes such as cyber terrorism and personal information leaks, as well as accidents, has precipitated a rapid increase in risk with a potentially global impact. The frequent occurrence of theft targeting luxury cars and other valuable property, break-ins and other crime in condominium complexes and other criminal acts is shaking the foundations of safe societies.
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