Hoyos Corporation Partners with Automated Gaming Technologies To Deliver Iris Based Cash Management Solution to the Gaming Industry

NEW YORK, Nov. 15, 2010 /PRNewswire/ -- Hoyos Corporation (Hoyos), a Puerto Rico based intellectual property holding company and advanced R&D laboratory, announced today that they have partnered with Automated Gaming Technologies (AGT), a leader in handling the bulk cash processing demands of the gaming industry, based in Las Vegas, Nevada.

Under the terms of the agreement, AGT will integrate Hoyos' iris recognition technology into their broad range of cash management equipment including sorters, recyclers and handlers. The iris-based identity solution will deliver unparalleled security for casinos that demands sophisticated cash management systems for fast, efficient, and secure operations.  The accurate identification of employees responsible for moving large sums of money is of paramount importance in this industry.

"AGT has always been at the forefront of innovation within the cash management industry.  By implementing this revolutionary iris scanning technology, we are setting the standard for how casinos can use tokenless, eyes-only identification to efficiently and securely manage their operations," said Robert Magnanti, President of Automated Gaming Technologies. "The integration of Hoyos' technology will be a transformative measure in the cash processing industry for bulk cash management, distribution, reconciliation and deposit."

Hoyos has revolutionized the access control and identity management industry by delivering next-generation iris based systems to companies in the financial services and government sectors.  They anticipate expansion into the consumer sector in 2011.  The Company has developed a portfolio of hardware and software services and business methods that utilize iris biometric technologies to help governments and businesses around the world overcome the everyday challenges of identity management.  Hoyos' current portfolio of proven products includes the HBOX®, HBOX®-V, HCAM®, EyeSwipe®, and EyeSwipe® Mini.

"We have already achieved great success in implementing our technology in the banking industry with the deployment of iris scanning devices throughout the Bank of America headquarters," said Hector Hoyos, CEO of Hoyos Corporation.  "This partnership will build on our previous expertise in the financial services arena and AGT will leverage our experience and top-notch products to bring biometrics technology, and the superior security they provide, to the gaming industry."

AGT will demonstrate Hoyos' iris recognition technology at the Global Gaming Expo in Las Vegas, NV from November 15th -18th, 2010.

About Automated Gaming Technologies

Automated Gaming Technologies was founded, with the mission of continually improving the productivity of its customers by integrating existing systems with emerging hardware/software product solutions, high quality services, and ongoing customer support for the life of the product solution.  Building on the staff and distribution network's deep industry and technical knowledge they provide exceptional financial value for cash processing customers.

About Hoyos Corporation

Hoyos Corporation is a global company with shareholders from across the world. It was incorporated in San Juan, Puerto Rico in early 2005 as an intellectual property holding company with a world class R&D operation. Today, Hoyos is revolutionizing the access control and identity management industry. The global reliance upon electronic data and transactions has created an increasing need to secure identity and control access to physical locations, electronic networks and the devices that connect to them in order to combat the very costly threats of identity theft and financial fraud. Hoyos delivers a vastly different operating model where privacy, convenience and security are synonymous.

SOURCE Hoyos Corporation