SAN JOSE, Calif.--(EON: Enhanced Online News)--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.
“FotoNation is proud to partner with Safran Identity & Security, the world leader in biometrics, to deliver advanced iris recognition solutions to mobile device users”
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 & Security is 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.
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.
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.