Taipei, Taiwan – June 13, 2024 Egis Technology enters into an exclusive partnership agreement with Fingerprint Cards AB (publ) in the Mobile area, covering patent, technology, and product licensing
Egis Technology (“Egis”) today announced that it has entered into an exclusive partnership agreement with Fingerprint Cards AB (Fingerprints), one of the largest biometric sensor solution providers in the world, to enable Egis to take over Fingerprints’ Mobile product lines and technology. The partnership includes an exclusive patent license agreement, an exclusive technology license agreement, and exclusive product license agreement.
For Egis, the agreement constitutes a major step in enhancing its mobile technology and fingerprint recognition offerings by leveraging Fingerprints’ know-how and leading intellectual property. It will bring in additional technology, products, and human resources to enable Egis to service Fingerprints’ existing mobile customer base, facilitating a smooth transition and minimizing the business impact of Fingerprints’ decision to wind down its Mobile business. In addition, the new technology, products, and human resources can also be utilized to service Egis’ existing mobile customer base.
Steve Ro, Chairman of Egis, said: “We are thrilled with the opportunity to incorporate the mobile fingerprint technology and products from a reputable brand name such as Fingerprints. Since 2015, Fingerprints’ sensors have been commercialized in billions of mobile phones worldwide across every major mobile phone brand in the world including China famous mobile brands and Google, etc. As we continuously strive to improve our collaboration across the globe, this transaction will enable further growth of our mobile business. The consolidated Egis-Fingerprints mobile platform will offer an extremely compelling value proposition to all mobile customers worldwide. Furthermore, it will allow Egis to realize the economies of scale necessary to be even more competitive in this market.”
Adam Philpott, CEO of Fingerprints, said: “We are very pleased to establish this partnership with Egis, who will provide continuity and support for our mobile customers. This transaction is testament to the strength and value of our technology and patent portfolio, which consists of over 700 registered patents, extending from algorithms and biometric image processing through to sensors and hardware packaging technology. We will continue to source and deliver meaningful monetization opportunities as part of our Transformation Plan.”
For further information,
please contact:
Karen Chang Vice President
Press:
+886-2658-9768
karen.chang@egistec.mjitec.tw
About Egis Technology Inc.
Egis Technology Inc. (Egis) specializes in the IC design, research and development, and the testing and sales of capacitive and lens type fingerprint sensors. The combination of our IC’s high resolution, small size, and low cost makes it the ideal choice for implementation. Egis is the one-stop shop for all your fingerprint sensor needs. With more than one hundred patents worldwide, we are committed to providing solutions with more innovation, more foresight and simpler, intuitive user experience, creating superior value for customers.
