Lucent Technologies Inc, its Bell Labs research and development arm and venture capital firm US Venture Partners Inc have formed a new company, Veridicom Inc to provide identification-centered security systems for networks based on Lucent’s new silicon chip technology. Lucent says the chip has 900,000 individual sensors on its surface and can read a fingerprint and send it to a computer running software that analyzes it and verifies the user’s identity across a network. Lucent sees the formation of the new firm as significant because it claims that it is the first time it has spun out one of its technologies.
