Development of the Fastvein™ suite of products is ongoing, and some modules are now being deployed whilst others are being finalised. FastVein™ is attracting very strong interest in the UK and Europe, as well as the Middle East. The Group has created a team to manage the brand development and to generate sales leads. Inevitably with a new technology there is considerable inertia to overcome, but The Board are hopeful of confirmed orders before Christmas.
The contract win for the provision of Fastvein to a major international bank is significant. We have developed Fastvein in conjunction with Hitachi and this has led to a formal partnership. Fastvein provides the simplest, most accurate and fastest biometric access control, time and attendance and identification management system in the market. A contract win with a major bank opens up the financial sector and validates the considerable benefits of Fastvein."
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