CAMPBELL, CALIF. - November 22, 2002 - IR Recognition Systems, the biometric component of Ingersoll-Rand's (IR) Security & Safety Group's Electronic Access Control (EACD), today announced that it has entered into a partnership in which Kaba-Benzing, a world leading provider of time and attendance systems, will offer the Company's HandPunch biometric readers to its customers. Frost & Sullivan's World Biometric Report 2002 recently reported that, in 2001, the Company's hand geometry readers continued to be the dominant biometric technology for access control and time and attendance applications. More HandReaders were used for these applications than all fingerprint and face systems combined. Hand geometry readers positively identify users by the shape and size of their hands.
"A biometric reader ensures payroll accuracy by simply requiring each employee to be present," reports Bill Spence, IR Recognition Systems director of marketing. "No cards or other credentials are needed. Losses due to "buddy punching" are eliminated. As a result, some companies report savings of up to five percent (5%) of total payroll cost. As one of the leading time and attendance systems providers, Kaba-Benzing will bring the benefits of biometrics to hundreds of companies."
"The benefits of such biometric-based systems are many," adds Michael Register, VP-Business Development and Marketing, Kaba-Benzing. "There are no badges to issue, replace when lost or stolen, or recover when an employee leaves or is terminated. After a biometric reader is installed, many companies are stunned to discover how much "buddy punching" was costing them. Using our software to impose scheduling restrictions, unauthorized Early In punches and Late Out punches are eliminated."
About Kaba-Benzing
Located in Miami Lakes, Fla., Kaba-Benzing America is the North American operating
division of Germany's Kaba-Benzing, a $690 million worldwide leader in time
and labor management systems. From touch-screen terminals to SAP connectivity
software to the AutoTime time and labor management software system, Kaba-Benzing
offers an array of time and attendance solutions. The Kaba-Benzing website is
www.kaba-benzing-usa.com. Phone is 305-819-4000.
About IR Recognition Systems
With over 70,000 hand geometry units throughout the world reading millions of
hands each day, Recognition Systems, founded in 1986, is the world's pioneer
of hand recognition technology used in access control, time and attendance and
identification applications. The company is the world sales leader of biometric
verification devices and serves an international clientele from its headquarters
in Campbell, Calif. The hand geometry website is www.handreader.com. Phone is
408-341-4100. Recognition Systems is the biometric component of Ingersoll-Rand
Corporation's Security & Safety Group's Electronic Access Control Division.
The Ingersoll-Rand website is www.irco.com.
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