May 17, 2007
Biometric sensor makes the Web safer for children
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The company has also developed an application suitable for libraries, schools and other public access points. The technology has been patented all over the world.In February, i-Mature announced a joint research and marketing collaboration with United States security giant RSA Security. The goal of the agreement is to bring RSA Security's cryptographic expertise into the security architecture of i-Mature's AGR technology, and to explore the integration of that technology with user authentication systems. The two companies first began working together over a year ago.
I-Mature has generated a great deal of interest from many different organizations. The Congressional Internet Caucus Advisory Committee included the company on its Web site as a worthwhile solution for protecting children online, and the U.S. Federal Trade Commission recently invited the company to Washington to present the technology to legislators and policy makers.
"We have been contacted by a huge variety of organizations from all over the world -- governments, advocacy institutions, child protection agencies, and commercial entities willing to assist us in the distribution and support of these devices," says Arazi. "We feel we are on the point of takeoff."
With marketing about to begin, i-Mature is now looking for financing of $3 million to $4 million from a suitable, value-added investor. While this will effectively be the company's first round of financing, Arazi stresses that the sum will be enough to take the company well beyond final sales and help it set up the right industry and distribution channels worldwide.
The company is also exploring new applications for its technology, including DVDs, cable and satellite TV, and Internet gaming. "We are examining every market where there is a need to control content depending on age," Arazi said.
"This is very significant development," he added. "It doesn't seem too high a price to pay to protect your children."
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