Aware Inc /Ma/ (NASDAQ: AWRE)

Aware, Inc. (AWRE) is a prominent player in the biometric identity platform industry, specializing in validating and securing identities through adaptive biometrics. With a focus on addressing the growing challenges faced by government and commercial enterprises in identifying and securing individuals, Aware's software offerings provide frictionless and highly secure user experiences.

Aware's algorithms are built on diverse data sets from around the world, allowing for customization to meet the unique security requirements of each customer. The company's portfolio includes products and solutions for enrolling, identifying, authenticating, and enabling biometrics, which encompass physiological characteristics such as fingerprints, faces, irises, and voices.

The company's primary business activities involve the development and sale of biometric software products and solutions, as well as the provision of services including project management and software engineering services. Aware's offerings are used in various industries, including government, law enforcement, and commercial sectors.

Aware's primary products and services include the Knomi Mobile Framework, AwareABIS, AFIX Suite of Products, BioSP, AwareID, and various software components. The Knomi Mobile Framework enables strong, multi-factor, password-free authentication from a mobile device using biometrics. AwareABIS is an automated biometric identification system used for large-scale biometric identification and deduplication using fingerprint, face, and iris recognition. The AFIX Suite of Products is used for small-scale law enforcement focused biometric identification. BioSP is a biometric integration platform-as-a-service that enables biometric data processing and management functionality in a web services architecture. AwareID is a Software-as-a-Service (SaaS) offering that provides advanced identity verification and continuous authentication capabilities. Aware also offers a range of software components, including SDKs, APIs, and applications, that customers use to streamline or develop their systems into more effective solutions.

Aware's products and solutions are used in various applications, including border control, visa applicant screening, law enforcement, national defense, intelligence, secure credentialing, access control, and background checks. The company's customers include government agencies, large multinational systems integrators, smaller systems integrators with a particular market, technology, or geographic focus, and commercial partners or providers of products, solutions, and services.

In terms of competition, Aware faces competition from a significant number of established companies that have developed or are developing and marketing software and hardware for biometrics products and applications. The company believes that additional competitors will enter the biometrics market and become significant long-term competitors, and that competition will increase.

Aware's intellectual property is protected through a combination of nondisclosure agreements and other contractual provisions, as well as patent, trademark, trade secret, and copyright law. The company has an active program to protect its proprietary technology through the filing of patents, and has 76 U.S. patents and 4 foreign patents, with approximately 7 pending patent applications.

Aware's team consists of 73 employees, all based in the U.S., with 39 in engineering and research, 22 in sales and marketing, and 12 in finance and administration. The company considers its employee relations to be good and believes that its future success will depend in large part on the service of its technical, sales, marketing, and senior management personnel.