Products to Support Indian UID Program, World's Largest Rollout of
Biometrics Technology to Date
SAN JOSE, Calif.--(BUSINESS WIRE)--
Tessera Holding Corporation (Nasdaq: TSRA), through its wholly owned
subsidiary FotoNation Limited, and Safran Identity & Security have
signed a cooperation agreement to deliver the most advanced iris
authentication biometric security solution for mobile devices to the
Indian market.
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FotoNation's and Safran Identity & Security's iris capture, recognition and control technologies for enabling delivery of a unique and high-performance system for mobile devices. This joint solution, named BioNetra, will accurately and reliably verify subject identity under a broad range of lighting and environmental conditions. (Photo: Business Wire)
The agreement includes a cross-license of FotoNation's and Safran
Identity & Security's relevant patented iris capture, recognition and
control technologies for enabling delivery of a unique and
high-performance system for mobile devices. This joint solution, named
BioNetra, will accurately and reliably verify subject identity under a
broad range of lighting and environmental conditions.
Linked to the Indian Aadhaar program, the world's largest biometric
identity system with more than 1.1 billion people enrolled to date, this
solution will allow consumers to carry out online operations with strong
authentication for any secure online services in connection with
banking, telecoms, government services or healthcare. It will also
provide OEM device makers with a robust and feature-rich platform,
enabling them to produce competitive smartphones while meeting the
Indian government's biometric quality and security standards.
"As a top innovator in imaging technologies, FotoNation is a valued
technology partner for us. It enables us to bring this powerful joint
biometrics solution to consumers, easing the integration of advanced
technologies by mobile vendors," said Yves Portalier, vice president and
general manager of the Telecom Business Unit, Safran Identity & Security.
Sanjeev Shriya, senior vice president India, Safran Identity & Security,
added: "Our combined expertise gives smart device makers a robust
platform to meet new requirements as the authentication phase of the
Aadhaar program is being rolled out. In addition, BioNetra provides a
fantastic user experience, letting users access eServices and make
transactions in the `blink of an eye´ and therefore combining high
security with user convenience."
"FotoNation is proud to partner with Safran Identity & Security, the
world leader in biometrics, to deliver advanced iris recognition
solutions to mobile device users," declared Sumat Mehra, senior vice
president and general manager, FotoNation. "Safran Identity & Security
is playing a major role in implementing India's UID biometric enrollment
program and our joint solution will give mobile device manufacturers a
powerful, field tested solution that is fully compatible with the
program."
The reference design kit (RDK) for BioNetra - comprising hardware
specifications, software and design implementation specifications - has
been certified by the Indian government organization STQC and is
currently available.
Safran Identity & Security and FotoNation plan to make the solution
available to additional markets in the coming months.
About Tessera Holding Corporation
Tessera Holding Corporation is the parent company of Tessera, DTS,
FotoNation and Invensas. We are one of the world's leading product and
technology licensing companies. Our technologies and intellectual
property are deployed in areas such as premium audio, computational
imaging, computer vision, mobile computing and communications, memory,
data storage, 3D semiconductor interconnect and packaging. We invent
smart sight and sound technologies that enhance and help to transform
the human connected experience.
For more information, call +1 408-321-6000 or visit www.tesseraholdingcorporation.com.
About Safran Identity & Security
Safran is a leading international high-technology group with
three core businesses: Aerospace (propulsion and equipment), Defence and
Security. Operating worldwide, the Group has 70,000 employees and
generated sales of 17.4 billion euros in 2015. Safran is listed on
Euronext Paris and is part of the CAC40 index, as well as the Euro Stoxx
50 European index.
Safran Identity & Securityis a global leader in identity and
security solutions, deploying systems in more than 100 countries. Backed
by more than 40 years of experience in biometrics, the company develops
innovative technologies for the public and private sectors, including
identity management, secure transactions and public security solutions.
For more information: www.safran-group.com
and www.safran-identity-security.com
/ Follow @Safran and @SafranIDSec on Twitter.
Tessera, FotoNation, and their respective logos, are trademarks or
registered trademarks of affiliated companies of Tessera Holding
Corporation in the United States and other countries. All other company,
brand and product names may be trademarks or registered trademarks of
their respective companies.
Forward-Looking Statements
This press release contains forward-looking statements, which are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements involve risks
and uncertainties that could cause actual results to differ
significantly from those projected, particularly with respect to the
expected benefits of the cooperation agreement and plans with respect to
other markets. Material factors that may cause results to differ from
the statements made include the plans or operations relating to the
businesses of the Company; market or industry conditions; changes in
patent laws, regulation or enforcement, or other factors that might
affect the Company's ability to protect or realize the value of its
intellectual property; the expiration of license agreements and the
cessation of related royalty income; the failure, inability or refusal
of licensees to pay royalties; initiation, delays, setbacks or losses
relating to the Company's intellectual property or intellectual property
litigations, or invalidation or limitation of key patents; fluctuations
in operating results due to the timing of new license agreements and
royalties, or due to legal costs; the risk of a decline in demand for
semiconductors and products utilizing FotoNation technologies; failure
by the industry to use technologies covered by the Company's patents;
the expiration of the Company's patents; the Company's ability to
successfully complete and integrate acquisitions of businesses; the risk
of loss of, or decreases in production orders from, customers of
acquired businesses; financial and regulatory risks associated with the
international nature of the Company's businesses; failure of the
Company's products to achieve technological feasibility or
profitability; failure to successfully commercialize the Company's
products; changes in demand for the products of the Company's customers;
limited opportunities to license technologies due to high concentration
in the markets for semiconductors and related products; the impact of
competing technologies on the demand for the Company's technologies;
failure to realize the anticipated benefits of the Company's recent
acquisition of DTS, Inc., including as a result of integrating the
business of DTS; pricing trends, including the Company's ability to
achieve economies of scale; the expected amount and timing of cost
savings and operating synergies; and other developments in the markets
that the Company operates, as well as management's response to any of
the aforementioned factors. You are cautioned not to place undue
reliance on the forward-looking statements, which speak only as of the
date of this release.
The foregoing review of important factors should not be construed as
exhaustive and should be read in conjunction with the other cautionary
statements that are included herein and elsewhere, including the Risk
Factors included in the Company's recent reports on Form 10-K and Form
10-Q and other documents of the Company on file with the Securities and
Exchange Commission (the "SEC"). The Company's SEC filings are available
publicly on the SEC's website at www.sec.gov.
Any forward-looking statements made or incorporated by reference herein
are qualified in their entirety by these cautionary statements, and
there can be no assurance that the actual results or developments
anticipated by the Company will be realized or, even if substantially
realized, that they will have the expected consequences to, or effects
on, the Company or its business or operations. Except to the extent
required by applicable law, the Company undertakes no obligation to
update publicly or revise any forward-looking statement, whether as a
result of new information, future developments or otherwise.
TSRA-F
View source version on businesswire.com: http://www.businesswire.com/news/home/20170202005181/en/
PR Agency Contact:
Zeno Group
Dan Sorensen, +1 650-801-0944
dan.sorensen@zenogroup.com
or
Tessera
PR Contact:
Tessera Holding Corporation
Jordan Miller, +1
818-436-1082
PR@tessera.com
or
Investor
Contact:
Tessera Holding Corporation
Geri Weinfeld, +1
818-436-1231
IR@tessera.com
or
Safran
Identity & Security PR Contact:
Isabelle de Buyer, +33 (0)1 30
20 22 67
isabelle.de-buyer@safrangroup.com
Source: Tessera Holding Corporation
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