Crumbaugh's appointment reinforces EyeLock's focus on the deployment and expansion of the Company's proprietary iris authentication solutions into the financial services sector.

Crumbaugh joins EyeLock with more than 20 years of experience in the marketing and sales focusing on the financial services sector. As Vice President of Financial Services, Crumbaugh will be responsible for managing the financial services vertical market, including sales, deployment and managing current programs and customer relationships.

EyeLock is a leading provider of iris-based identity authentication products and technology solutions. EyeLock's technology is transforming the way identities are authenticated and protected by offering a broad suite of breakthrough solutions for identity authentication to be used in sectors from financial services and healthcare to border control, homeland security and beyond.

"Darlene Crumbaugh has an extremely successful track record in the sales sector; for more than two decades she has set strategies to help businesses grow their bottom lines while maintaining strong relationships with customers. She is a great addition to our team and a valuable asset to EyeLock as we continue to broaden our offering and expand our business globally, with a keen eye on the financial services sector," said Jim Demitrieus, Chief Executive Officer of EyeLock Corp. "We look forward to leveraging Darlene's expertise to continue to deploy throughout the financial services industry and broaden our customer base."

Prior to joining EyeLock, Crumbaugh was the Sales Director and Global Account manager at Nautilus Hyosung, where she successfully managed and developed sales and strategic business development across key relationships including Citibank, Bank Of America, Capital One and BB&T. Crumbaugh is a proven leader with a track record of delivering high impact growth strategies.

"It's clear that the financial services sector is is in desperate need for an overhaul – security breaches cost banks billions of dollars each year. I believe that EyeLock's iris-based authentication technology is the solution to many of the issues financial companies face today, including fraud," said Darlene Crumbaugh. "I look forward to joining an organization that is influencing the way our identities are protected. Ultimately, this technology provides enormous value to the financial services sector and helps their customers by reducing the cost of fraud while assuring privacy concerns."