FPC Aims to Wind Down Mobile Business with Egis Partnership

Fingerprint Cards (“Fingerprints”) has announced two new partnerships aimed at advancing its presence in both the mobile and smart card markets. One is an exclusive partnership agreement with Egis Technology, one of the world’s largest biometric sensor solution providers. The partnership involves patent and technology licensing, as well as conditional Mobile asset acquisitions. It allows Egis to integrate Fingerprints’ mobile product lines and technology with its existing mobile platform.

The agreement is expected to facilitate the winding-down of Fingerprints’ Mobile business and ensure continued employment opportunities for some of its former Mobile-dedicated staff at Egis.

For Egis, the partnership is a strategic move to enhance its mobile technology and fingerprint recognition offerings. By leveraging Fingerprints’ expertise and intellectual property, Egis aims to service Fingerprints’ existing Mobile customer base, ensuring a smooth transition and minimizing business impact.

The combined resources and technology from Fingerprints will also be used to support Egis’ existing mobile customers. Steve Ro, Chairman of Egis, emphasized the significance of this partnership, highlighting the potential for further growth and improved competitiveness in the mobile market through the consolidated Egis-Fingerprints mobile platform.

“Since 2015, Fingerprints’ sensors have been commercialized in billions of mobile phones worldwide across every major mobile phone brand in the world including Xiaomi, Vivo, Huawei, Honor, Oppo, and Google,” he said. “As we continuously strive to improve our collaboration across the globe, this transaction will enable further growth of our mobile business.”

In another development, Fingerprints has partnered with Italy-based WiBioCard to offer biometric smart card solutions for the global access market. WiBioCard specializes in web access authentication, verification, and physical and logical access control, and is now integrating Fingerprints’ biometric technology into its portfolio of smart card products. These smart cards support secure authentication and verification across various use cases, including healthcare, ticketing, and loyalty services.

“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,” said Adam Philpott, Fingerprint Cards’ CEO.

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June 17, 2024 – by Cass Kennedy and Alex Perala