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The FST solution has a wide range of global applications across the public and private sectors and is already successfully serving clients within the corporate, retail, financial services, telecommunications, residential and governmental sectors. Importantly, FST’s technology has a broad set of applications beyond the traditional access control market which are being actively developed by the company. “Based on my deep knowledge of Israel’s security ecosystem and the secure access solutions market, I am convinced that FST Biometrics has developed the market leading Secure Identification solution for today’s market and that of the foreseeable future, said former Prime Minister Barak. “I look forward to supporting the company’s efforts.” “The last six months have proven that the market is not only ready for but is actively seeking out our solutions,” said Major General (Res.) Aharon Zeevi Farkash, Founder and Chief Executive Officer of FST Biometrics and former Director of the Israel Defense Forces (IDF) Directorate of Military Intelligence. “GMF Capital’s investment is an important validation of our technology and vision while the expertise of Prime Minister Barak and Gary Fegel will be critical in supporting FST’s growth and market acceptance over the next few years.” “GMF Capital is constantly assessing a broad range of global investment opportunities but only invests in a limited number of businesses of the highest quality. I strongly believe that FST Biometrics stands out as a best-in-class technology solution with a strong, motivated management team poised to disrupt the existing market and deliver attractive growth, ” said Gary Fegel. “I am pleased and enthusiastic to support FST Biometrics as they continue building the global benchmark in the new paradigm of In Motion Identification.” FST Biometrics is a leading identity management solutions provider, with technology roots in Israel. The company’s IMID product line offers access control through its proprietary In Motion Identification technology. This provides the ultimate security and convenience for users, who are accurately identified without having to stop or slow down. IMID solutions integrate a fusion of biometric and analytic technologies that include face recognition, body behavior analytics and voice recognition. Gary Fegel became a billionaire running the aluminum business for Swiss commodities giant Glencore, which he joined in 2001 after earning his MBA from the University of St. Gallen, according to Forbes. Fegel left Glencore in 2013 and since then he has been diversifying his fortune. He started his own investment firm GMF Capital, where he began focusing on global private equity and real estate deals.]]>