LONDON, April 12, 2012 /PRNewswire/ -- - - Finger Vein Identity Management Solution a Perfect Fit for the M2SYS Biometrics Product Portfolio - - Hitachi Europe Ltd. and M2SYS Technology today announced that they have entered into a strategic partnership making M2SYS Hitachi's primary Value Added Reseller in North America for the H1 Biometric Finger Vein scanner. Biometric Finger Vein identity management scanning technology was developed by Hitachi to provide safer and more secure authentication for access control and other identification purposes. Using near infrared light to detect and capture the vein pattern inside a finger, the H1 Finger Vein scanner is a unique solution for cost-effective identity management. Finger Vein biometric identity management technology is safe because vein patterns are internal to the body so forge them is virtually impossible, effectually making counterfeiting improbable and providing a high level of security. Michael Trader, president of M2SYS said: "M2SYS has made a name by providing specialty enterprise-ready biometric software and hardware solutions and Hitachi's H1 Finger Vein scanners are a perfect fit for us. By adding this to our portfolio of biometric solutions, we will be able to better customize our offerings to the specific needs of our customers across the globe." Ravi Ahluwalia, Deputy General Manager, Head of Identity Management Group, Information Systems Group of Hitachi Europe said: "We are very pleased to be partnering with a renowned company like M2SYS. Their range of specialized products in the biometrics area is a perfect fit. This strategic partnership provides a key benefit to M2SYS's customers by giving them access to proven, easy-to-use identity management technology." About Hitachi Europe Ltd. Hitachi Europe Ltd., is a wholly owned subsidiary of Hitachi, Ltd., Japan. Headquartered in Maidenhead, UK, it has operations in 12 countries across Europe, the Middle East and Africa and employs approximately 625 people. Hitachi Europe comprises of eight business areas: rail systems; power and industrial systems; information systems; digital media and consumer products; industrial components and equipment; air conditioning and refrigeration systems; manufacturing systems; and procurement and sourcing. Hitachi Europe also has three Research and Development laboratories and a design centre. For more information about the company, please visit http://www.hitachi.eu. ABOUT HITACHI, LTD.
Hitachi (NYSE:HIT) hit a new 52-week high Tuesday as it is currently trading at $63.44, above its previous 52-week high of $63.17 with 8,582 shares traded as of 9:35 a.m. ET. Average volume has been 60,800 shares over the past 30 days.