ECH5 has opened two more R&D centers. These new centers, located in Portugal and India, will bolster the main R&D center of the company in the USA, and will be dedicated to the research and development of biometric algorithms for all three biometric modalities – face, fingerprint and iris. The centers will also focus on the development of new features for TECH5 verification and identification platforms as well as digital ID technologies.
“We are continuously investing in R&D to make sure that our global partners and customers have access to the fastest and most accurate biometric and digital ID technologies and products serving all steps of the identity lifecycle.” – says Rahul Parthe, TECH5’s Chairman, Co-founder, and CTO.
The company also plans to increase the number of sales representatives and partners in all regions. “TECH5 will maintain its headquarters in Geneva, Switzerland, but our new entity in Lisbon will become a head office for the company’s management, marketing and R&D, as well as a place for partner meetings and our technology demo center.” – says Machiel van der Harst, Co-founder and CEO of TECH5.
Earlier this year, TECH5 Group formalized its entry into the Australian market with a local presence. This move allowed the company to work closely with local partners and customers. TECH5 Australia has recently deployed its first government project and is now in the process of onboarding new partners in the region.
TECH5 is also near completion of its disinvestment in Russia, which began in 2021. The company continues divesting corporate interests in the country and blocking the sale of TECH5’s platforms and technologies in Russia.
In 2022, TECH5 closed a second round of investment. As planned, the company is using these funds to accelerate its global expansion. In the coming months, TECH5 is planning to continue expanding its presence in Africa, Latin America and Asia.