We look for cooperation in development of Biometrics  password generation, our patented invention.
    Biometric password generation is a method of generating password using biometric parameters of human body (i.e. fingerprints). This is patented  invention, currently not presented on the market, but having revenue potential of $100 mln. per year with annual growth of 29.1%.   
   Applications of biometric password generation are personal password managers (USB stick), security and access control systems. Our company is intended to develop and manufacture these products in Estonia and sell worldwide. Our strategy is to become market leader in password generation systems; we intended to protect intellectual property in every country where we sell product. This protection  will be realized through patenting and proprietary agreements with country representatives.
     Application of the invention is generation of permanent and unique passwords applying parameters of a fingerprint or of other biometric characteristics.   
     Password use is widely accepted method for protection of informational and other resources: in computer networks, cash dispensers, telephone cards, etc. However, passwords can be forgotten, stolen or broken. In this relation, biometric identification is more reliable, since fingerprint or eye can not disappear so easily. On the other hand, implementation of biometric security systems is fairly expensive and limited with certain areas or applications, for example in restricted areas or locked devices. There are also examples for combination of biometrical and password protection, either to protect scanning areas or to generate random passwords.
       The main idea of proposed invention is to create security system using combined password and biometric protection. The point of password use is to create universal and easy to install system; the point of biometric use is to create highly secure system.
     Biometric market now worth $3.4 billion with annual growth of 29.1% ; this predominantly include finger scan technology (59%), facial and iris scanning (13%), keystroke (0.4%) and signature scans (2.7%). Proposed invention targets end-users, small, medium-size companies and widespread information systems which need:
-   Convenient, cost effective and secure solution for personal passwords storage, i.e. pocket USB-password generators;
-   Flexibility in installation of access control devices: i.e. biometric scanners and password generators in university labs and libraries or subscription services of internet media.
      Since security concerns in the modern world are constantly growing, biometric password generation is capable to gain at least 3% of total biometric market.
       We plan to start sales of devices based on finger scan technology (see description below). We’ll target consumer market with devices priced below $70 and estimate 1-st year sales at 0.3%  of market value or $500.000. Conservative estimation of our annual sales growth is equal to industry growth rate of 29%.   We plan to sell product through chains of retailers in Europe (Mediamarkt, Eldorado, Foxtrot, etc) and USA (Radiojack, Wallmart, etc). This gives us less control for payment collection, prices and merchandising, but provides faster consumer market penetration. We also plan internet sales and have adequate knowledge, experience and resources to create, promote and maintain  internet store.