LG Electronics USA, Inc. announced that the LG Iris Technology Division has been spun off from LG Electronics and is now operating as a new company, Iris ID Systems Inc., based in Cranbury, NJ, U.S.
Iris ID is taking over all business activities, including all rights and obligations of existing business of the former LG Iris Technology Division. The original LG Iris team will remain intact in the new business entity. In addition to the existing business activities of LG IRIS, Iris ID has plans to expand its global organization and products portfolio at the same time continue to focus on new product research and development, manufacturing, sales and marketing, and customer services.
to Daily News