Suprema, a globally renowned company in access control, biometrics and time & attendance solutions, hosted a virtual partner summit on Feb 3, 2021, where it announced new leadership, shared business success stories as well as a business blueprint for future growth. Suprema Partner Summit The Partner Summit, attended by close to hundred Suprema partners, began with a greeting from James Lee, the new Chairman of the company. Lee thanked partners for Suprema’s sales performance, shared how Suprema headquarter employees are striving under the COVID-19 pandemic, and introduced the new leaders of Suprema. Hanchul Kim, previous Managing Director of Suprema, was appointed the new Head of BioStar business. Seongbin Choi, the former Head of Software R&D, is now leading the entire BioStar R&D. Andrew Kim, who joined Suprema, in September 2020, as Chief Strategic Officer, was named the new Head of MOCA Systems Inc., a Suprema-affiliate start-up specializing in mobile credential solution. FaceStation F2, the fusion multimodal terminal At the virtual partner summit, Suprema shared the success of FaceStation F2 At the virtual partner summit, Suprema shared the success of FaceStation F2, the fusion multimodal terminal featuring Suprema’s latest face recognition technology that combines the best of IR and visual face recognition methods. “FaceStation F2 hit record sales for most units sold three months into the launch. This is the most success than with any other product we’ve ever released,” said the new Head of BioStar business, Hanchul Kim. Contactless and face recognition solutions He adds, “Thanks in part to the success of FaceStation F2, Suprema’s sales units of face recognition devices more than doubled in 2020. With the demand for contactless solutions on the rise, we expect face readers to account for around thirty percent of entire unit sales in 2021.” Suprema also presented a five-year vision to become a renowned provider of ACaaS (Access Control as a Service) to enterprise market, using AI, big data and cloud technology. Visual recognition, data analytics and AI expert “Suprema has a strong visual recognition, data analytics and AI technology that will serve well in advancing to object and motion detection, so it really is a natural path for us to expand to the field of fire, intrusion alarm and video surveillance and take BioStar platform to the cloud to offer a total solution to higher-end enterprise customers,” Hanchul Kim further explained. Towards the end of the event, Suprema gave a peek of X-Station 2 scheduled for launch in the first half of the year. X-Station 2 is an advanced touchscreen-based card reader capable of adding QR code module option at the bottom.
Suprema, globally renowned provider of security and biometrics, has announced that 2020 marks the company’s 20th anniversary. Suprema was founded in 2000 and the company has built a worldwide sales network in over 140 countries and number of users with Suprema technologies surpassed one billion. Access control systems major Suprema’s extensive range of portfolio includes access control systems, time & attendance solutions, mobile access solutions and fingerprint live scanners. The company has no.1 market share in biometric access control in EMEA region and named to the world’s top 50 security manufacturer. Based on innovative products and technology, Suprema has recorded a phenomenal mean annual growth rate (CAGR) of 20%. At present, the company has more than 40% of its employees engaged in research and development and invest more than 16% of its sales in R&D each year. Emblem commemorating 20 years released Suprema announces a new emblem in commemoration of its 20th anniversary in 2020 To mark its 20 years of innovation, Suprema announces a new emblem in commemoration of its 20th anniversary in 2020. The anniversary emblem mainly consists of two colors. ‘Infinite Burgundy’ which is the brand color of Suprema symbolizes the infinite possibility with Suprema’s unique solutions and technical skills. With this brand color, ‘Superior Purple’ has been added to represent the uniqueness and excellence of the company that retains trust from its 20 years of history and technology initiatives. "We would like to give special thanks to all our partners and employees who have made this possible," said the Founder and Chairman of Suprema, James Lee, adding. "Everyone at Suprema is ready to lead our next 20 years.” Ever-expanding global presence Suprema has grown into a corporate group with subsidiaries and affiliates in security and biometrics with the world’s best and exclusive technologies. Since Suprema HQ, a holdings company, earned a place on KOSDAQ in 2008, Suprema Inc. was listed again in 2016. Last year, Suprema ID which is an affiliate of Suprema was also listed successfully, and Suprema now plans to broaden its position in the world and gain a foothold in the global market.
With Apollo Cloud, users get four terabytes to manage, store, and share data both securely and privately, from wherever they happen to be, via iOS and other mobile devices, Macs and PCs Apollo Cloud is a secure cloud designed for small groups that makes it easier and safer to store, access and, for the first time, share digital content Promise Technology announced that Apollo Cloud, its first consumer product, is now available for purchase at Apple stores and Apple.com. Apollo Cloud is a personal cloud appliance and app that gives users and their circles full control over storing and accessing digital content from their own private space. Unlike current market products, Apollo Cloud is the first to let families, small business, home offices, or work groups easily and privately store and share their digital content. The immense volume of photos, videos and files quickly eating up space on devices means that managing data on phones, tablets and laptops is increasingly complicated. As technology evolves, files increase in size and number. With Apollo Cloud, users get four terabytes to manage, store, and share data both securely and privately, from wherever they happen to be, via iOS and other mobile devices, Macs and PCs. Apollo Cloud can be used by a group of up to 10 members, each with full sharing control over their own digital files. Apollo Cloud can save and share more than 440 hours of HD video, 220,000 photos and half a million songs. Apollo Cloud Features: Small device, huge capacity - 4TB of storage space with no recurring fees. Easy to use – Set up takes only minutes, and Apollo is accessible from any device with quick access to personal content from anywhere with the Apollo Cloud App. Easy to share – An owner can invite up to nine members to share the Apollo Cloud. Each member of a group gets a private space and full sharing control over their own files. Private and secure – Apollo Cloud provides peace of mind knowing that all data is off the Web, safe and secure on a personal cloud, with all transactions encrypted to the highest degree. “Promise has been delivering high-performance data storage solutions to media and entertainment organizations, enterprises and small and medium businesses for almost 30 years and we are very pleased to bring our innovation to consumers with the introduction of Apollo Cloud,” said James Lee, CEO, Promise Technology. “People are inundated with data and they need a solution that offers convenient access and file sharing without being weighed down by limitations or having to sacrifice privacy and security. Apollo Cloud solves these storage headaches and brings customers an easy to use personal cloud appliance that offers security, flexibility, and affordability.”
Promise’s new logo reinforces the company’s position as a longstanding leader in the storage market In a move that signifies its commitment to evolving with the dynamic storage market, Promise Technology Inc. has unveiled a new corporate brand identity. The evolution of the company is reflected by a new logo, a new website and newly defined business units – and demonstrates its understanding of the market’s need for integrated storage solutions. Promise’s new logo reinforces the company’s position as a longstanding leader in the storage market, while aligning with what the brand stands for today. The new logo is inspired by an infinity symbol at its core and represents the company’s infinite ambition to pursue leading-edge technology and empower its customers with innovative storage solutions that address the challenges presented by massive amounts of data. Restructuring Business From the big data movement and the Internet of Things (IoT) to high-performance computing and collaborative 4K rich media workflows, Promise is in lockstep with today’s growth markets. In conjunction with the launch of its new logo, Promise has restructured its business units and revamped its website to align with the markets it serves. Promise’s divisions are categorised by the following solutions: IoT, Cloud, IT, Rich Media, and Surveillance. “This is the most significant change to our brand image that has been made in Promise’s 28 years, and our new image showcases everything that has made us a success over that time – while positioning us for future growth,” noted James Lee, CEO, Promise Technology. "We have been moving toward a stronger focus on complete storage solutions to address specific market segments, including consumer and the Internet of Things. Our new look is a visual representation of our evolution as a company and the fact that we have taken our products from a component level to a solution level.”
BioStation L2 continues Suprema's high security standards by incorporating Live Finger Detection Suprema, a global leader in biometrics and security technology, has unveiled its BioStation L2 fingerprint terminal, which offers premium features and performance in a package with essential hardware to provide a comprehensive access control and time attendance solution. Latest Fingerprint Algorithm BioStation L2 is a mid-range device that can support enterprise-level requirements in both access control and time attendance applications, and is enabled with the most powerful processor on the market today. The terminal is accented by both Suprema's latest innovative technology as well as superior design. "At Suprema, we are committed to continued innovation, based on the feedback and needs of our customers," said James Lee, CEO of Suprema. "With the introduction of BioStation L2, we took customer feedback on every device currently offered, and channelled it into consideration for key elements of the device to bring a seamless convergence of performance and price." BioStation L2 continues Suprema's high security standards by incorporating premium technology such as Live Finger Detection and the latest OP5 sensors. Incorporating the latest fingerprint algorithm and world's most powerful 1.2GHz quad core processor, the L2 uses parallel processing techniques that result in matching speeds which rival higher end models. Loaded with a massive 2GB flash and 256MB RAM, BioStation L2 stores and manages up to 500,000 users and 1 million logs. Finger Detection technology For Protection Against Fraud The new enhanced algorithm is more accurate than ever, significantly reducing false rejection rates even in conditions that are not ideal for fingerprint capture, and compensating for unsatisfactory fingerprint capture due to direct sunlight conditions or distorted finger images. BioStation L2 also features new live finger detection technology with improved algorithms and optical techniques that effectively eliminate possible fraud using various materials or fake fingers. BioStation L2 features clear color LCD that provides important information. Along with a dedicated TA function & number touch keys, BioStation L2 ensures maximized usability. BioStation L2 is set to be launched globally on April 6 at ISC West 2016 in Las Vegas.
Apollo Cloud appliance and app gives users full control over their storage and selective sharing PROMISE Technology has marked its foray into the consumer electronics market at CES with the unveiling of Apollo, a personal Cloud appliance and app that gives users and their circles or groups full control over the storage and selective sharing of their digital content. Designed with families, small businesses, and small office / home office in mind, Apollo makes it easy for a group of members to store, access and share selected data from wherever they happen to be. At CES, PROMISE will demonstrate Apollo’s many features at booth #21731, located in the South Hall of the Las Vegas Convention Center Tech East. Apollo will be showcased at the Showstoppers media-only event on January 6 at the Wynn Hotel, Table F4. Apollo Device Features Apollo is a small, quiet appliance that stores huge amounts of data - up to 4 TB. It’s a valuable asset to consumers who find it difficult to manage treasured family photos and videos that proliferate like wildfire on family members’ phones, tablets and laptops and at increasingly high resolutions. The Apollo device provides consumers with: Huge storage space – available to all members, with no recurring fees. Quick access to personal content from anywhere – Apollo’s mobile app offers fast access and speedy playback of stored videos and other media content wherever the Internet is available. Each member gets private space and sharing control – unlike other solutions. Easy to set up and use from any device, anywhere – you don’t need to mess with several apps or hook up a PC to manage your Apollo. Private and secure – Apollo provides peace of mind knowing that all data is off the Web, safe and secure on your personal Cloud, with all transactions encrypted. Elegant, quiet yet sturdy design – well suited for a desk, entertainment centre or closet. Social elements – Apollo enables friends and family to comment on and discuss shared content such as videos and photos within an entirely private environment. Tapping Into The Consumer Market “Apollo marks a significant milestone for our company, and we are very excited to tap into the consumer market with a personal cloud device that makes it easy to store and share digital media,” said James Lee, CEO of PROMISE Technology. “Although bankers’ boxes and filing cabinets are no longer required to store treasured photos, many people find that their desktop, mobile devices and stacks of USB drives no longer do the trick either. With Apollo, however, PROMISE has delivered a personal cloud storage device that’s affordable, secure, robust and - most importantly - easy to use.” “With the ubiquity of connected electronic devices and digital technology, data storage isn’t just a problem for the enterprise, it’s also a problem in the family home,” said Vijay Char, VP Business Development, PROMISE Technology. “Apollo lets users control all data and sharing - making it a better option for consumers who currently use Web-based cloud solutions but worry about services going down or losing data altogether, or having their information commandeered by Big Data marketers or, worse, breached and exploited by hackers.”
Company recorded revenue of $65.5 million (USD) and increase in market capital to $357 million (USD) Suprema announced financial results for its 2014 fiscal year ended Dec 31, 2014. The company posted record high yearly revenue of $65.5 million (USD) and increase in market capital to $357 million (USD). The results were fueled by all-time record revenue from access control and time & attendance devices as well as a strong performance in ID solution device sales. Double digit growth The revenue jumped 26.2% from $49.2 million (USD) from 2013, and market capital again reported double-digit growth. The revenue growth has well exceeded Suprema’s 5 year average CAGR of 17.8%. Among four different global region groups, Europe had the lions’ share of revenue with 41%. Americas followed up with 21% of the total revenue. Asia & Pacific and Middle East & Africa had revenue distribution of 20% and 18% respectively. Superior quality product & service “I believe the healthy growth of Suprema’s revenue is a testament to the superior quality of our products and service,” said James Lee, Suprema’s CEO. “Strong growth in an established market such as Europe is proof of our competitiveness. The new products scheduled for release in 2015, along with our recently released BioStar 2, Web-based Open Security Platform, will set the foundation for Suprema’s market expansion in 2015.”
The SGPP has been deemed a high-level futuristic platform for the biometrics and security since it was first hosted in 2010 Suprema, a leading global provider of technology in biometrics and security, is pleased to host the ‘Suprema Global Partner Program (SGPP) 2014’ conference, being held on November 12 – 13 at Paradise Hotel Busan, Korea. The SGPP is Suprema’s annual program for global partners, where the company and partners interact with each other demonstrating innovative solutions and best practice leveraging Suprema technology. Also, Suprema advances the industry’s future with new products and solutions in development as well as the latest enhancements to its various product lines. Future requirements and trends are intensively discussed by the participants during various panel discussions under the theme, ‘The Future is Easy’. Suprema believes today’s rapidly changing environment requires ‘Simple’, ‘Convenient’ and ‘Always Connected’ solutions for customers; ‘Easy’ represents all these keywords in addressing these needs and trends. “Our partners’ success is our goal, and this event has inspires interaction with one another for moving forward together to make it a reality,” says James Lee, CEO of Suprema Inc. “Suprema aims at market leadership by concentrating on the development of technology and products that address rapidly changing trends and needs, so as to enable our partners and customers to achieve greater innovation and higher growth in business. Listening to the voice of customers (VOC) is paramount, and that is the primary purpose for this conference.” The Suprema Global Partner Program (SGPP) has been deemed a high-level futuristic platform for the business of biometrics and security since it was first hosted in 2010. Around 60 specialists from 40 countries are taking part in the conference this year.
The quarter’s revenue reported at 18.3 million US dollars, an increase of 69.1% from the same period last year Suprema, Inc., a leading global provider of biometrics and ID solutions, recently announced a quarterly financial report highlighting that revenue in the first quarter had hit record highs. The quarter’s revenue reported at 18.3 million US dollars, an increase of 69.1% from the same period last year. Net profit jumped 169.4% from the last quarter and increased by 40.3% from the previous year’s first quarter. Suprema was recognized as one of the fastest growing companies with double-digit Compound Annnual Growth Rate (CAGR) and named to the Top 10 Revenue Growth companies in global physical security markets, as evaluated by A&S International Magazine in 2013. Its revenue has increased in CAGR by more than 35% since 2007, beyond the market growth rate of around 20%. “We consider these results as owing to our success in aligning business strategies this year, such as pioneering new markets, including Russia, Brazil and some parts of Europe, and focusing on key business opportunities around the globe” said James Lee, CEO of Suprema. “From this point of view, it is even more meaningful to report such positive results early in the year.” It is expected that the company will continue to grow as it undertakes further initiatives in the security business including access control, in addition to its ID solution business, which holds a top position in global markets.