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Firm bets on biometric scanning on mobile phones for IPO windfall

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The scan of an eye is displayed on a computer screen during a demonstration at Hoyos Corp in New York and Mr Hoyos thinks the company will be valued at US$5 billion to US$10 billion if it goes public next year.

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The scan of an eye is displayed on a computer screen during a demonstration at Hoyos Corp in New York and Mr Hoyos (above) thinks the company will be valued at US$5 billion to US$10 billion if it goes public next year.

Portland

HECTOR Hoyos founded his latest startup on the bet that biometric scanning on mobile phones will replace passwords on websites and ATMs. Now he's counting on investors to also back the idea.

A long-time biometric-security expert, Mr Hoyos has already started and sold 14

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