SAN JOSE, Calif., Dec. 13, 2016 (GLOBE NEWSWIRE) -- 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.
About 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
About Synaptics: Synaptics is the pioneer and leader of the human interface revolution, bringing innovative and intuitive user experiences to intelligent devices. Synaptics’ broad portfolio of touch, display, and biometrics products is built on the company’s rich R&D, extensive IP and dependable supply chain capabilities. With solutions designed for mobile, PC and automotive industries, Synaptics combines ease of use, functionality and aesthetics to enable products that help make our digital lives more productive, secure and enjoyable. (NASDAQ: SYNA ) www.synaptics.com .
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Natural ID, SentryPoint, Quantum Matcher, PurePrint, SecureLink, Synaptics ClearView, Synaptics TouchView, ClearPad, TDsync, ClearForce, TouchPad, SecurePad, Synaptics, and the Synaptics logo are trademarks of Synaptics in the United States and/or other countries. All other marks are the property of their respective owners.
Forward-Looking Statements This press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business, and can be identified by the fact that they do not relate strictly to historical or current facts. Such forward-looking statements may include words such as ”expect,” “anticipate,” “intend,” “believe,” “estimate,” “plan,” “target,” “strategy,” “continue,” “may,” “will,” “should,” variations of such words, or other words and terms of similar meaning. All forward-looking statements reflect our best judgment and are based on several factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Such factors include, but are not limited to, the risks as identified in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Business” sections of our Annual Report on Form 10-K for the fiscal year ended June 25, 2016, and other risks as identified from time to time in our Securities and Exchange Commission reports. Forward-looking statements are based on information available to us on the date hereof, and we do not have, and expressly disclaim, any obligation to publicly release any updates or any changes in our expectations, or any change in events, conditions, or circumstances on which any forward-looking statement is based. Our actual results and the timing of certain events could differ materially from the forward-looking statements. These forward-looking statements do not reflect the potential impact of any mergers, acquisitions, or other business combinations that had not been completed as of the date of this release.
For further information, please contact: David Hurd Public & Analyst Relations, Synaptics +1-408-904-2766 david.hurd@synaptics.com
