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Homeland Security

Lockheed Martin, IriTech to Cooperate on Iris Technology

DDN

Wednesday, November 14th, 2007

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Firming up access to a key biometric technology, Lockheed Martin [LMT] has signed a cooperative agreement with IriTech, which specializes in advanced algorithms and software systems for iris recognition. Lockheed Martin works with both L-1 Identity Solutions [ID] and IriTech currently for iris recognition technology but wanted to strengthen its relationship with IriTech to guarantee a second source of supply for when Lockheed Martin competes against L-1 on programs, John Mears, who has the lead function for Lockheed Martin's Biometric…

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