Cranbury, NJ, September 22, 2020 – Iris ID Systems Inc, a leader of iris recognition-based identity authentication solutions, announced today that it has entered into a global partnership with Olive and Dove Company, Ltd. Of the Republic of Korea for smart home and IoT devices, under the Remo+ brand. This partnership will broaden the accessibility of home video security and IoT solutions for the global market and enable Iris ID to introduce new products which complement and expand the capabilities of its existing markets. The strategic collaboration will allow Remo+ to access extensive distribution networks for access control solutions – targeting market opportunities where consumers seek a superior security solution that is easy to use and contactless.
“Our partnership with Remo+ is a first in the biometric and home security industry,” said Mohammed Murad, vice president, global sales and business development, Iris ID. “Iris ID and Olive and Dove joined forces to produce innovative solutions for the consumer market. With Iris ID’s extensive global distribution channel and state-of-the-art product portfolio, this partnership will create greater accessibility for these technologies around the world. The Remo+ product brand’s proven track record of designing and manufacturing home security cameras is a perfect complement to Iris ID leadership in the biometric security industry.”
The agreement grants Iris ID exclusive distribution rights for consumer security applications from Olive and Dove in North America and non-exclusive rights in the rest of the world. Products under this arrangement, will continue to be sold under the Remo+ brand. Iris ID will continue supporting existing distributors and resellers, while expanding the market for the consumer security marketplace.
“Iris ID looks forward to further collaboration with Olive and Dove for future product development in this market,” said Murad.
“We are very pleased to partner with Iris ID and combine forces in our industry,” said Moon-Chul Lee, chief executive officer, Olive and Dove Company. “Success in the home security and other markets requires strong application software as well as a strong sales channel and service support resources, which Iris ID has globally. This agreement allows Remo+ to concentrate on expanding its growing market in the Americas and beyond. We look forward to improving customer support and services through Iris ID’s outstanding worldwide solutions provider network.”