Synaptics, OXi Technology Collaborate on Optical Solutions for Mobile Market
Exclusive Partnership Expands China Presence, Enables Innovative Fingerprint Solutions
SAN JOSE, Calif. – December 13, 2016 – Synaptics Incorporated (NASDAQ: SYNA), the leading developer of human interface solutions, today announced an exclusive partnership with OXi Technology, a Shanghai-based developer of unique and patented optical fingerprint technology. The collaboration includes combining technology from each company in the development of new proprietary optical sensing solutions for smartphones, tablets and PCs.
Synaptics has signed an agreement to make a minority investment in OXi and expects the investment to close within a few weeks. Synaptics will also have the right to appoint a member of the OXi Board of Directors. Further details of the agreement are currently confidential.
“Synaptics’ strategic engagement with OXi is the company’s first move beyond capacitive technology and expands our innovative human interface portfolio into exciting new directions. This innovation will allow the removal of the home button and enable cleaner industrial designs for smartphones. Our close partnership with OXi supports getting to market very quickly with new and advanced optical fingerprint solutions that are scheduled to sample soon, and advances our China presence and support network,” said Rick Bergman, President and CEO, Synaptics.
“OXi is very excited to be engaged with innovative industry leader Synaptics to combine our unique technologies in creating next generation optical fingerprint solutions. Together we are delivering high-performance solutions, high security, user convenience, enabling OEM product differentiation, and better servicing Chinese customers,” said Tieer Gu, Chairman, OXi.
OXi Technology was founded in 2014 and is located in Shanghai, China. OXi focuses on innovation in biometric sensors with a goal of making life more secure and convenient in our increasingly digital and connected world. OXi offers patented and unique TOT (Thin Optical Touch) technology which enables fingerprint sensor modules to be thin and compact with supreme image quality while competitively priced. www.oxitechnology.com
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