NEWARK, Calif., March 1, 2021 /PRNewswire/ -- Socket Mobile, Inc.
(NASDAQ: SCKT), a leading provider of data capture and delivery
solutions designed to enhance workplace productivity, is excited to
announce it has licensed SpringCard SAS core contactless
technology. SpringCard SAS is a market leader at the forefront of
innovative electronic design and development. Its contactless and
wireless solutions support a wide range of customers, from large
international corporations to locally-focused companies.
Socket Mobile and SpringCard SAS have worked together to bring
contactless reading products to market. The DuraScan D600
Contactless Reader/Writer and SocketScan S550 Contactless
Reader/Writer include SpringCard's core contactless technology, and
the SocketScan S550 is Apple Value Added Services (VAS) and Google
Wallet certified. Under the new agreement, Socket Mobile will
acquire a perpetual, royalty-free license to the core technology
for use in its products and be in a position to support new
requirements in the future.
"We believe the world will continue to embrace contactless
technology as we emerge from the global pandemic, with mobile
passes being a key deployment enabler. Mobile passes use the same
highly secure infrastructure as Apple Pay and Google Pay and can be
used to store critical exchangeable data in your phone, such as
vaccination status, loyalty status and customer status. The
SocketScan S550 contactless reader securely requests the
appropriate data from your phone via the mobile pass mechanism with
a simple tap, and your phone can ensure your identity is fully
verified before your data is exchanged," says Kevin Mills, President and CEO of Socket Mobile
Inc.
SpringCard SAS has over 20 years of core contactless reading
technology and is recognized as a leader in the contactless field.
SpringCard SAS technology is used in many applications associated
with traditional contactless cards, such as those supporting smart
cities, health, mass distribution, retail, transport, logistics,
access control, traceability, loyalty programs, storage and
inventory, micro-payment, authentication, and others. SpringCard
SAS is also a leader in the emerging mobile pass market delivering
fully compatible Apple VAS and Google Wallet solutions. The
combination of SpringCard SAS contactless technology and Socket
Mobile's data capture solutions opens a multitude of new use cases
and previously impossible interactions.
"We are delighted to team with Socket Mobile to deliver exciting
contactless products and solutions to the market. The combination
of our core technology with Socket Mobile's strong,
developer-centric business model and their success in delivering
products to the market ensures that together, we will provide the
best of both worlds to our partners. We look forward to a long and
mutually beneficial partnership," says Denis Pietersoone, CEO of
SpringCard SAS.
"We have been working with SpringCard for over ten years and see
this as the next step in a long and productive relationship. Socket
Mobile will provide our application developers with the software
tools—Capture SDK and data parsing—to fully control our family of
contactless products. Socket Mobile is committed to becoming a
leader in the contactless market, and working with SpringCard SAS
is a critical element of our strategy. Together, we will deliver
the products our customers and partners need," says Leonard Ott, CTO of Socket Mobile Inc.
The agreement between Socket Mobile and SpringCard SAS is the
result of a long and strong working relationship. The agreement
also covers maintenance and support for the core technology.
About Socket Mobile, Inc.
Socket Mobile is a leading provider of data capture and delivery
solutions for enhanced productivity in workforce mobilization.
Socket Mobile's revenue is largely driven by the deployment of
third-party barcode-enabled mobile applications that integrate
Socket Mobile's cordless barcode scanners and contactless
reader/writers. Mobile Applications servicing the specialty
retailer, field service, transportation, and manufacturing markets
are the primary revenue drivers. Socket Mobile has a network of
thousands of developers who use its software developer tools to add
sophisticated data capture to their mobile applications. Socket
Mobile is headquartered in Newark,
Calif., and can be reached at +1-510-933-3000 or
www.socketmobile.com. Follow Socket Mobile on Facebook, Twitter
@socketmobile, and on our sockettalk blog.
Forward-Looking Statements
This press
release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements include, but are not limited to,
statements regarding new mobile computer and data collection
products, including details on the timing, distribution and market
acceptance of the products, and statements predicting trends, sales
and market conditions and opportunities in the markets in which we
sell our products. Such statements involve risks and
uncertainties, and actual results could differ materially from the
results anticipated in such forward-looking statements as a result
of a number of factors, including, but not limited to, the risk
that our new products may be delayed or not rollout as predicted,
if ever, due to technological, market, or financial factors,
including the availability of necessary working capital, the risk
that market acceptance and sales opportunities may not happen as
anticipated, the risk that our application partners and current
distribution channels may choose not to distribute the new products
or may not be successful in doing so, the risk that acceptance of
our new products in vertical application markets may not happen as
anticipated, and other risks described in our most recent Form 10-K
and 10-Q reports filed with the Securities and Exchange
Commission.
Socket Mobile Investor Contact:
Lynn Zhao
Chief Financial Officer
510-933-3016
lynn@socketmobile.com
Socket is a registered trademark of Socket Mobile. All other
trademarks and trade names contained herein may be those of their
respective owners.
© 2021, Socket Mobile, Inc. All rights reserved.
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SOURCE Socket Mobile, Inc.