NEC Corporation and Toyota Tsusho Corporation, on Friday announced the signing of a Memorandum of Understanding (MOU) with the "KAZNEX INVEST" "National Export and Investment Promotion Agency" JSC of the Kazakhstan Ministry for Investments and Development. The MOU establishes a partnership to explore the provision of security solutions that will help promote favorable conditions for the development of the economy of Kazakhstan.
Under this agreement, NEC will cooperate with KAZNEX INVEST and Toyota Tsusho, a global trading company and provider of security solutions, in sharing information on how NEC's public safety products and solutions, such as its facial recognition solution and behavior analyzer solution, can contribute to improving the safety and security of Kazakhstan.
Moreover, KAZNEX INVEST will provide information on potentially valuable investment projects for NEC and Toyota Tsusho while identifying partnership opportunities with Kazakhstan-based companies.
"NEC is proud to work with KAZNEX INVEST to explore ways for Kazakhstan to realize its full economic potential in a safe and secure environment. Our biometric technologies include face recognition technologies that have been recognized as the most accurate in the world. By leveraging these advanced technologies we aim to establish safer communities and more desirable business conditions by improving the safety and security of Kazakhstan," said Hiroshi Kawada, Department Manager, Americas and EMEA Division, NEC Corporation.
"We welcome this opportunity to discuss the creation of even more diversified and favorable business conditions in Kazakhstan. NEC's accomplishments in the Public Safety field combined with Toyota Tsusho's investment promise to contribute to the improvement of Kazakhstan's business environment, the stable growth of its economy and the secure development of its communities for many years to come," said Borisbiy Zhangurazov, Chairman of KAZNEX INVEST.
NEC and Toyota Tsusho Corporation are already implementing a Proof of Concept in Kazakhstan with one of the country's leading providers of infrastructure, where NEC's face recognition technologies are being used to verify the identity of individuals as they enter company facilities.