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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  NEC Corporation    6701   JP3733000008

NEC CORPORATION

(6701)
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NEC : facial recognition adopted by 'Star Alliance Biometrics' platform; - Services launched at Frankfurt Airport and Munich Airport -

12/01/2020 | 10:33am EST

Tokyo- NEC Corporation (NEC; TSE: 6701) announced today that Lufthansa Airlines and Swiss International Airlines (SWISS), Lufthansa Group airline members of Star Alliance, launched the 'Star Alliance Biometrics' identity verification platform utilizing NEC's facial recognition technologies at Frankfurt Airport and Munich Airport.

NEC and Star Alliance have been cooperating since July 2019 in the development of an identity verification platform utilizing biometric certification (*1), and this launch at Frankfurt Airport and Munich Airport is the first commercial service to emerge from the partnership.

Passengers using this service can pass through security access and boarding gates without contact by registering face images and passport information with mobile apps from each company in advance. This platform features NEC's facial recognition engine, which has been evaluated as the world's most accurate (*2), in order to ensure high-precision certification, even when individuals are wearing masks.

With the worldwide spread of COVID-19, NEC aims to contribute to safer and more secure air travel by helping to control the spread of illness by enabling non-contact, mask-worn check in airport boarding procedures.

This service is available to Lufthansa and SWISS Miles & More frequent flyer program members who agree to and register for the use of biometric information. Facial images and personal information of passengers are encoded and safely stored on the platform, which is designed in accordance with the laws and regulations of information protection in each country that it operates, and customer names are not saved. Moreover, Star Alliance will not use personal information without the consent of passengers.

Over 1,700 Miles & More members have already registered for the new service, with processing efficiency measurements now underway.

NEC's facial recognition is part of the NEC I:Delight (*3) platform of contactless biometric solutions that make touchpoints touchless. Going forward, NEC aims to strengthen biometric collaboration with Star Alliance, while expanding personalized services both inside and outside the airport in order to make the travel experience more enjoyable.

(*1)	STAR ALLIANCE AND NEC CORPORATION SIGN PARTNERSHIP AGREEMENT TO ENHANCE PASSENGER EXPERIENCE THROUGH BIOMETRIC DATA RECOGNITION TECHNOLOGY

https://www.nec.com/en/press/201907/global_20190726_01.html

(*2)	NEC Face Recognition Technology Ranks First in NIST Accuracy Testing

https://www.nec.com/en/press/201910/global_20191003_01.html

(*3)	NEC I:Delight

https://www.nec.com/en/global/delight/

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About NEC Corporation

NEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of 'Orchestrating a brighter world.' NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at https://www.nec.com.

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
NEC CORPORATION -1.39% 5680 End-of-day quote.2.53%
STAR ALLIANCE INTERNATIONAL CORP. 5.33% 0.79 Delayed Quote.0.00%
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Financials
Sales 2021 2 970 B 28 541 M 28 541 M
Net income 2021 90 516 M 870 M 870 M
Net Debt 2021 231 B 2 224 M 2 224 M
P/E ratio 2021 17,3x
Yield 2021 1,41%
Capitalization 1 548 B 14 928 M 14 872 M
EV / Sales 2021 0,60x
EV / Sales 2022 0,55x
Nbr of Employees 112 638
Free-Float 92,2%
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Technical analysis trends NEC CORPORATION
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 6 462,86 JPY
Last Close Price 5 680,00 JPY
Spread / Highest target 58,5%
Spread / Average Target 13,8%
Spread / Lowest Target -25,5%
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Managers and Directors
NameTitle
Takashi Niino Executive President, CEO & Representative Director
Nobuhiro Endo Non-Executive Chairman
Takayuki Morita CFO, Representative Director & Executive VP
Motoo Nishihara Director & Chief Technology Officer
Hiroshi Kodama Chief Information Officer
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