SCM Microsystems Introduces Mobile, Contactless, Multi-Application Solution for Secure Access and Payment Transactions
October 07 2008 - 2:30AM
PR Newswire (US)
Takes Equity Stake in TranZfinity Intended to Promote Contactless
Authentication Devices ISMANING, Germany, Oct. 7
/PRNewswire-FirstCall/ -- SCM Microsystems, Inc.
(NASDAQ:SCMMNASDAQ:PrimeNASDAQ:Standard:NASDAQ:SMY), a leading
provider of solutions that open the Digital World, today introduced
@MAXX(TM) prime, the first product of a new family of portable USB
devices that enable secure electronic transactions, secure data
storage and secure access. The entire range of new SCM @MAXX
devices are expected to include secure smart card functionality
alongside flash storage to provide strong, mobile authentication
for a range of electronic applications, including financial
services, transportation, e-payment, PC and physical access,
digital signature and public key infrastructure (PKI). Immediately
available is SCM's @MAXX prime, a device that offers a unique
combination of fixed and expandable memory space along with a
reader for small SIM-sized dual interface smart cards (ID-000),
with a built in antenna and supporting both contact and contactless
technology. @MAXX prime also includes on-board flash memory, a
microSD card reader and expansion capabilities via a female USB
connector. Based on the @MAXX family concept, @MAXX NFC is planned
to be introduced later this year. @MAXX NFC will enable NFC-based
applications on mobile phones and other devices lacking NFC
capabilities. SCM plans to introduce further @MAXX models next
year. "Multiple secure applications can be implemented with @MAXX
prime -- something that is achieved due to the unique product
architecture," said Felix Marx, chief executive officer of SCM
Microsystems. "Our @MAXX devices enable secure access and secure
transactions for a variety of markets, including mobile payments,
on-line security, on-line banking and transportation. Hence, they
readily address the growing global demand for a mobile, contactless
solution that will allow people to securely conduct all their daily
business using one device -- from managing their data, to riding
the train to work, to entering the workplace, to checking their
bank balances, to paying for dinner." When connected to any free
USB port and used with smart card technology, SCM's @MAXX prime can
provide strong authentication for access to PCs and networks, as
well as digital signature and encryption tools. It can also provide
secure PIN protection for accessing on-board portable flash data
storage. When unconnected, @MAXX prime provides contactless smart
card functionality, which can facilitate contactless payment or
contactless physical access to buildings. As a result of these
features, @MAXX prime is well suited for use in business as well as
in the private environment. For example, in an enterprise
environment @MAXX prime could be used to authenticate an employee's
identity and grant entry to the corporate campus; to securely log
on to both the employee's PC and the corporate network; to securely
store documents or presentation materials; and to make contactless
payments at the company cafeteria. In addition, the same @MAXX
prime device can be used to securely access the employee's bank
accounts and to enable other contactless applications such as
e-payment or loyalty programs. To further expand the capabilities
of and bundle services to @MAXX prime and other planned products in
the @MAXX family, SCM has invested $2.5 million to acquire an
equity stake in TranZfinity, Inc., a privately held company based
in Carlsbad, California that develops trusted devices and
associated services for secure access and electronic transactions.
"Our cooperation with TranZfinity has been very successful to
date," said Marx. "TranZfinity's services and applications roadmap
complements SCM's contactless strategy and should enable us to
quickly introduce new multi-application solutions for a variety of
market verticals, such as m-commerce, logical and physical access,
banking and loyalty. Additionally, TranZfinity's global services
platform of application software and services will provide our
@MAXX customers with a secure 'marketplace' in which service
providers and end users can transact business. Our investment in
TranZfinity supports our mutual work together while enabling SCM to
participate in TranZfinity's success." @MAXX prime is available
immediately worldwide. More information can be found on the SCM
website at http://www.scmmicro.com/. About SCM Microsystems SCM
Microsystems is a leading provider of solutions that open the
Digital World by enabling people to conveniently access digital
content and services. The company develops, markets and sells the
industry's broadest range of contact and contactless smart card
reader technology for secure PC, payment systems, network and
physical access, and digital media readers for transfer of digital
content to OEM customers in the government, financial, enterprise,
consumer electronics and photographic equipment markets worldwide.
Global headquarters are in Ismaning, Germany. For additional
information, visit the SCM Microsystems web site at
http://www.scmmicro.com/. NOTE: 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. These include our
statements contained above regarding our ability to quickly
introduce new NFC products; our expectations regarding benefits for
our customers from TranZfinity's application services platform; and
TranZfinity's ability to continue to deliver its products and
services based in part on SCM's investment in the company. These
statements are subject to risks and uncertainties which may cause
actual results to differ materially from those contemplated herein.
There is no assurance that we or TranZfinity will be successful in
developing or introducing additional NFC or other contactless
readers or terminals to the market. Any products that we do develop
may not be competitive with other products in the market. Even with
new contactless product offerings, the market for contactless
technologies may not grow as anticipated, and we may not be able to
expand the market for our products. For a discussion of further
risks and uncertainties related to our business, please refer to
our public company reports, including our Annual Report on Form
10-K for the year ended December 31, 2007 and subsequent reports,
filed with the U.S. Securities and Exchange Commission. Note: @MAXX
is a trademark of SCM Microsystems. All other trademarks are the
property of their respective owners. DATASOURCE: SCM Microsystems,
Inc. CONTACT: Annika Oelsner, +49 89 9595-5220, , or Darby Dye,
+1-510-249-4883, , both of SCM Microsystems, Inc. Web site:
http://www.scmmicro.com/
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