Shares of Helios and Matheson Analytics (NASDAQ: HMNY) soared 61% higher on news that the company has acquired global licensing rights to IsItYou’s facial recognition technology in the field of crime and terrorism for integration with RedZone Map™. RedZone is the creator of the RedZone Map™ navigation app, a tool for situational awareness and enhancement of personal safety. RedZone anticipates that integrating IsItYou’s facial recognition technology with RedZone’s real time crime map will further enhance the personal safety of its users in the United States and internationally. “Through artificial intelligence and facial recognition technology, we will seek to develop the capability to identify dangerous people entering an area and notify our users in real time,” RedZone founder Ted Farnsworth stated in the news release.
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About Helios and Matheson
Helios and Matheson Analytics Inc. (NASDAQ: HMNY) provides information technology consulting, training services, software products and an enhanced suite of services of predictive analytics. Servicing Fortune 500 corporations and other large organizations, HMNY focuses mainly on BFSI technology verticals. HMNY’s solutions cover the entire spectrum of IT needs, including applications, data, and infrastructure. HMNY is headquartered in New York, NY. For more information, visit www.hmny.com.
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