Lumidigm, Methode to Develop Transportation Biometric Solution
October 17 2008 - 6:00AM
Business Wire
Lumidigm, Inc. and Methode Electronics, Inc. have entered into a
joint development agreement to co-develop an automotive-grade
biometric solution. Lumidigm, the biometrics company enabling
applications for the real world, brings robust and field-proven
multispectral technology to the joint project. Methode, a Tier 1
automotive supplier with a focus on technology-rich
application-specific components and subsystem devices, has the
engineering know-how and automotive OEM relationships needed to
place this biometric solution into vehicles. �Methode knows what it
takes to integrate new technologies in the specialized environments
of transportation,� said Matthew Ennis, Vice President of Business
Development at Lumidigm. �This agreement allows Lumidigm to enter
an important market. We believe our biometric technology, with
Methode�s steady guidance, will transform the automotive industry�s
relationship with identity, ownership and personalization.� Methode
will demonstrate the biometric technology in its Mobile Technology
& Design Center at Convergence in Detroit, Michigan, from
October 20-22, 2008. �We are really excited to present this
biometric technology to our customers in the automotive industry,�
said John O�Neill, Engineering and Business Development Manager at
Methode. �Lumidigm�s multispectral technology is the foundation of
identification management solutions that are being sought after by
the marketplace.� About Lumidigm Lumidigm, Inc. deploys biometric
systems that work quickly and effectively on all people, in all
environmental conditions. Headquartered in Albuquerque, New Mexico,
Lumidigm sensors are distributed worldwide. Lumidigm�s initial
venture capital investors are DFJ New England, Epic Ventures, and
International Venture Fund. Other investors include Draper Fisher
Jurvetson, Intel Capital, Methode Electronics, Motorola Ventures,
New Mexico Co-Investment Partners managed by Fort Washington
Capital, Solstice Capital, and Sun Mountain Capital. About Methode
Electronics Methode Electronics, Inc. (NYSE: MEI) is a global
designer and manufacturer of electro-mechanical devices with
manufacturing, design and testing facilities in the United States,
China, Czech Republic, Germany, Malta, Mexico, the Philippines,
Singapore and United Kingdom. We design, manufacture and market
human machine interfaces, sensors, and power distribution products
employing mechanical, electrical, electronic, wireless, optical,
and software technologies to convey information and control
equipment/machine performance. Our business is managed on a segment
basis, with those segments being Automotive, Interconnect, Power
Products and Other. Our solutions and components are in the primary
end user markets of automotive, transportation, appliance, consumer
electronics, computer information processing and networking, voice
and data communication systems, machinery and industrial equipment,
mil/aerospace, and medical. Further information can be found on
Methode's website www.methode.com.
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