Technology

Incode Technologies Recognized as #1 Technology for Age Estimation and Verification in Study by the National Institute of Standards and Technology

Published

6 months ago

May 30, 2024

Announced as a leading solution for age estimation and verification at the Global Age Assurance Standards Summit

SAN FRANCISCO, May 30, 2024 /PRNewswire/ — Incode, leader in identity verification technology, has been recognized as the top global solution for age estimation and verification in a study conducted by the National Institute of Standards and Technology (NIST). This recognition was announced at the Global Age Assurance Standards Summit.

Age estimation involves accurately predicting a user’s age based on a picture, and is crucial for applications like protecting minors from online risks and ensuring compliance with age-restricted goods and services.

The NIST study, part of the Face Analysis Technology Evaluation (FATE)*, rigorously tested various age estimation and verification algorithms from leading international companies. This evaluation assessed the effectiveness of AI-driven facial biometric technologies, which can be challenging due to variations in lighting, facial expressions, and demographic factors.

Incode’s age estimation technology demonstrated the highest performance metrics in crucial categories:

Unmatched Accuracy: Incode’s algorithms achieved the lowest mean absolute error (MAE) rates across multiple datasets, specifically for individuals of age group between 6-17 years old. Incode performed exceptionally well in both ‘mugshot’ and ‘application’ image categories, demonstrating the robustness and adaptability of its AI solutions across different scenarios.Demographic Fairness: Incode’s technology delivers unbiased age estimation across diverse demographic groups. The algorithms showed consistent performance regardless of gender and ethnicity, ensuring reliable and fair results for global applications.Robustness in Real-World Conditions: Incode’s solutions maintained high accuracy even under varied image quality conditions. The NIST report highlighted Incode’s consistent performance across different types of images, including those with lower quality such as border crossing photos, showcasing the resilience of its AI algorithms.

Ricardo Amper, CEO of Incode, stated: “Age estimation involves improving the way businesses interact with their users, and more importantly, keeping individuals safe online. This recognition from NIST not only reaffirms our leading position in the age verification market but also reflects our commitment to innovation and excellence. Our technology ensures that businesses can protect young users and comply with regulatory requirements without sacrificing user convenience and privacy.”

Incode’s AI-driven age verification solution offers a user-friendly experience, designed to be frictionless and intuitive – reducing user error, minimizing drop-off rates, and maximizing completion to help businesses retain and acquire more customers. It can be easily customized to fit different use cases across various jurisdictions and industries, with three easy methods to verify a user’s age:

Facial Age Estimation: Quickly estimates age using a live selfie, delivering results in seconds. This method, which was rigorously tested and validated by NIST, underpins Incode’s top ranking in age estimation accuracy.Document Verification: Verifies age through an ID document and a live selfie, ensuring compliance with regulatory requirements. Incode can also apply age estimation on the user’s photo to ensure the age matches the date of birth on the document.Database Verification: Compares user information against official databases, such as credit bureaus and telcos, without requiring the user to present an ID document. Age estimation can also be applied to the user’s photo to verify consistency with the age retrieved from the database.

Incode Technologies continues to innovate in the identity verification space, providing solutions that support a variety of industries, including financial services, online entertainment, social networks, and e-commerce. With over $220 million raised from notable investors like General Atlantic, Softbank, and JP Morgan, Incode is poised for further expansion and impact.

For more details, please visit www.incode.com/use-cases/age-verification.

* FATE is a comprehensive evaluation program that benchmarks the performance of facial recognition and analysis technologies, providing an impartial assessment of their accuracy and reliability.

About Incode
Incode offers an end-to-end identity verification and authentication platform, helping its clients distinguish good users from fraudulent ones, effortlessly. Incode ensures customers’ security and compliance goals are met, so they can focus on their growth objectives. Incode’s fully automated, AI-first platform is built for low friction of genuine users, coupled with instant verification and re-engagement tools that drive conversions. Its multi-layer identity platform combines proprietary AI technology, deterministic identity checks, and advanced deepfake detection to combat the most sophisticated fraud.

With over $220 million raised from investors such as General Atlantic, Softbank, and JP Morgan, Incode’s vision to “power a world of trust” is rapidly gaining global adoption. Based in San Francisco, with offices and operations worldwide, Incode is partnering with the most innovative brands to connect businesses with high-quality, low-risk customers.

Schedule a demo at www.incode.com/schedule-demo

View original content to download multimedia:https://www.prnewswire.com/news-releases/incode-technologies-recognized-as-1-technology-for-age-estimation-and-verification-in-study-by-the-national-institute-of-standards-and-technology-302158796.html

SOURCE Incode Technologies

Technology

Todd Tucker joins Parking Revenue Recovery Services as Chief Operating Officer to Guide Growth as PRRS expands as a Vehicle Identification and Monitoring Technology Platform

Published

41 minutes ago

November 15, 2024

DENVER, Nov. 15, 2024 /PRNewswire/ — Parking Revenue Recovery Services (PRRS), Inc., a leader in AI-driven compliance and vehicle activity monitoring, is pleased to announce the appointment of Todd Tucker, JD, DBA, CAPP, CPP, as its new Chief Operating Officer, effective November 15, 2024. With over 30 years of experience in the parking industry, Tucker is a recognized leader, having held various senior executive roles. Todd assumes the role of Chris Conley, who has decided to retire and enjoy some well-earned time after 30 years in the parking industry.

Before joining PRRS, Tucker served as President at Parking Logix and has been a leader in multiple tech companies focused on mobility solutions, with two leading to strategic and/or investment transaction outcomes Todd’s experience as a parking operations leader/expert and his roles spearheading the development and growth of innovative technology offerings focused on parking provide him with a unique ability to build solutions that meet the needs of today’s parking operations.

PRRS is uniquely positioned in gateless parking technology solutions through its machine vision-based technology, which identifies all vehicle activity, enhances compliance, and enables clients to expand their service capabilities. Our technology allows clients to gather valuable insights into operation and consumer activity while helping our clients improve their customer experience. With Tucker’s extensive expertise in parking technology and leadership, PRRS aims to broaden its services across North America, solidifying its status as the premier provider of gateless technology solutions to operators and facilities.

“Todd’s proven track record of driving innovation and his dedication to enhancing technology-based services make him the ideal candidate to lead PRRS into its next growth phase,” said Gabor Burchner, Managing Director, GB & Partners IM. “As the demand for adaptable technology solutions providers continues to rise, Todd’s leadership and collaborative approach will be invaluable.”

PRRS, in partnership with Asura, has successfully implemented the ARC solution and its compliance services at over 400 parking sites across 29 states. With ongoing investment from GB & Partners IM, PRRS is set to expand beyond its current identity as a “parking notice firm” to become the leading gateless technology solution for the future.

“I am thrilled to join PRRS and enhance the value we provide to our parking operating partners,” said Todd Tucker. “Throughout my career, I’ve consistently sought to challenge the status quo by delivering innovative solutions in an ever-evolving industry. PRRS is at the forefront of leveraging technology to enhance its services, and with GB & Partners IM participation, we will continue to deliver exceptional value to the parking sector and beyond. I look forward to joining the PRRS team and collaborating with our clients to push boundaries and innovate in compliance and facility monitoring services.”

About Parking Revenue Recovery Services

Parking Revenue Recovery Services, Inc. (PRRS) is North America’s leading Parking Compliance and Facility Monitoring technology provider. PRRS is on track to provide over 1,000 parking locations and proudly supports national, regional, and local parking operators throughout the United States. Our client owners and parking operators use our monitoring and compliance services in all properties, including commercial lots and garages, municipal facilities, college and university facilities, airports, hospitals, commercial properties, and residential buildings. PRRS creates exceptional value for its parking operator clients through increased overall customer compliance and enhanced visibility into operating activity and usage while delivering excellent customer service. We maximize the value provided to our clients through excellence, innovation, and efficiency in its compliance and monitoring services, delivered by an outstanding team of parking professionals dedicated to the highest levels of customers.

About Asura Technologies

Asura Technologies specializes in next-generation video analytics and license plate recognition software, utilizing AI to create smart parking, traffic management, frictionless tolling, and safety security applications. Active globally since 2018, Asura Technologies USA collaborates with PRRS to provide highly effective, automated parking enforcement solutions through innovative technology.

About GB & Partners IM

GB & Partners IM is an independent private equity and venture capital firm focused on innovative city technologies, fashion, fintech, medical technologies, and mechanical engineering. As the largest Hungarian-based firm in its sector, GB & Partners IM offers extensive leadership experience in private equity and venture capital investments, M&A transactions, and IPOs, providing operational support to investment entities by international standards. In 2019, GB & Partners IM became the first Hungarian venture capital firm to gain membership in Invest Europe.

View original content to download multimedia:https://www.prnewswire.com/news-releases/todd-tucker-joins-parking-revenue-recovery-services-as-chief-operating-officer-to-guide-growth-as-prrs-expands-as-a-vehicle-identification-and-monitoring-technology-platform-302295135.html

SOURCE Parking Revenue Recovery Services, Inc.

Technology

Connect and Converse Across Borders with Moii: Now Available Worldwide

Published

41 minutes ago

November 15, 2024

SEOUL, South Korea, Nov. 15, 2024 /PRNewswire/ — Moii, an innovative avatar-based interest-matching conversation service developed by tech startup illuni, has officially launched globally. Available on the Google Play Store and Apple App Store, Moii offers users a unique way to meet new friends, share stories and enjoy engaging conversations. The service allows people around the globe to experience safe, interest-based connections with like-minded people, fostering a sense of community across borders. Moii exemplifies illuni’s commitment to creating immersive digital experiences through advanced artificial intelligence (AI) technology.

To create heartfelt connections, download Moii from the Google Play Store (https://play.google.com/store/apps/details?id=com.illuni.moii&hl=en-US) and Apple App Store (https://apps.apple.com/us/app/moii-heartfelt-connections/id6456406927).

Create Moiiments, Connect Globally

In a world where genuine interaction can feel rare, Moii provides a space for simple, meaningful conversations without the pressure of video or photo sharing. By connecting users based on shared interests, Moii creates a relaxed environment for spontaneous chats, whether someone is looking for a listening ear, a language exchange, or a fresh global perspective. With engaging features such as avatar costumes and singing content in virtual karaoke – introduced in a recent November update – the app continues to attract a growing user base of young adults seeking meaningful connections beyond small talk.

“Since our global launch on the 1st of November, users from over 30 countries have come together on Moii to share interests, create unique content and enjoy friendly conversations,” said Byung-Hwa Park, CEO of Illuni. “We are thrilled by the enthusiasm for Moii as people around the world find it to be a fun and welcoming platform.”

Aimed at users in their 20s and 30s, Moii allows users to interact in a fully customizable 3D environment. Instead of revealing their actual appearance, users create avatars that reflect their personalities and interests, providing a sense of anonymity, security, and comfort. Once matched, users can personalize their avatars, use conversation cards, and enjoy mini games, making every interaction fun and engaging.

With a mission to create comfortable spaces for conversation, Moii promotes cross-cultural and language exchange on a global scale. Whether users want to make foreign friends, practice a new language, or simply chat with a friendly listener, Moii offers a low-pressure, refreshing way to connect.

Looking ahead, Illuni plans to expand Moii’s language support, making it accessible to even more users across the globe.

For more information about Moii, visit https://www.moii.net/en

About illuni

Illuni is a forward-thinking startup focused on developing immersive digital experiences through advanced AI technology. The company is committed to building innovative mixed-reality services that redefine user engagement in digital spaces. Alongside Moii, illuni’s portfolio includes Storyself (https://storyself.com), an interactive storybook app that transforms users’ pictures into story characters, allowing them to become the protagonists of various tales—making it both engaging and educational for children.

To learn more about illuni and its suite of mixed-reality projects, visit: https://www.illuni.com/en

For media inquiry, please contact: illuni Communications, e-mail: contact@illuni.com

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/connect-and-converse-across-borders-with-moii-now-available-worldwide-302306704.html

SOURCE illuni

Technology

LONGi’s Solar Panels Enhance Sustainability in Bengaluru’s Residential Complex

Published

41 minutes ago

November 15, 2024

BANGALORE, India, Nov. 15, 2024 /PRNewswire/ — LONGi, in partnership with SolarSquare, has completed a 342 kW solar project using advanced Hi-MO 5 solar panels for a residential apartment complex in Bengaluru.

Launched seven months ago, this solar project is set to save the residential complex up to $47,736 annually and has already generated an impressive 340,000 units of electricity. Thanks to the high efficiency of the solar modules, significant economies of scale, and the inherent advantages of rooftop solar, the project is projected to reach its break-even point within just 4.75 years.

Before the installation of the rooftop solar panels, residents faced annual electricity costs of approximately $143,305. The switch to solar energy is expected to result in annual savings between $47,768–$53,768, effectively reducing their electricity expenses by around 33%.

Nikhil Nahar, Co-founder and Director of SolarSquare, stated, “Through our strategic partnership with LONGi over the years, our customers have gained access to state-of-the-art technology for their projects. LONGi’s solar panels consistently deliver performance and help our customers save on electricity bills. With a shared vision to accelerate the mass adoption of renewable energy and enhance sustainability, our partnership has continually provided innovative solutions, earning the trust of our customers.”

LONGi remains committed to delivering advanced solar technology and helping more residential complexes achieve energy independence through its highly efficient and reliable products.

About LONGi

Founded in 2000, LONGi is committed to being the world’s leading solar technology company, focusing on customer-driven value creation for full scenario energy transformation.

Under its mission of ‘making the best of solar energy to build a green world’, LONGi has dedicated itself to technology innovation and established five business sectors, covering mono silicon wafers cells and modules, commercial & industrial distributed solar solutions, green energy solutions and hydrogen equipment. The company has honed its capabilities to provide green energy and has more recently, also embraced green hydrogen products and solutions to support global zero carbon development. www.longi.com

View original content:https://www.prnewswire.com/in/news-releases/longis-solar-panels-enhance-sustainability-in-bengalurus-residential-complex-302306744.html