Fingerprint Cards (FPC) is strengthening its intellectual property (IP) through two new partnerships: one with an IP advisory firm for commercialization and another with jNet Secure for a turnkey biometric solution. The latter will result in a secure System-in-Package (SiP) module, addressing the demand for passwordless authentication. Engineering samples will be available soon, with mass production expected in late 2025.
Fingerprint Cards AB (FPC) is initiating two key collaborations aimed at enhancing its intellectual property (IP) commercialization and developing a new biometric turnkey product. The first is a strategic partnership with an undisclosed IP advisory firm that will help maximize the commercialization of FPC’s IP, following a successful IP commercialization program that commenced in July 2023, yielding its first revenues through a patent license agreement with a significant global entity.
FPC’s CEO, Adam Philpott, expressed confidence in this partnership, stating, “This collaboration allows us to handle more cases efficiently and leverage our evidence of use to pursue identified targets,” which he expects will promote substantial revenue growth.
The second partnership is a joint venture with jNet Secure, known for its focus on security solutions for devices with limited resources. This collaboration aims to create a biometric all-in-one System-in-Package (SiP) module, tailored for applications like cloud authentication, passwordless biometric keys, self-sovereign identity, and secure payment authentication, among others.
The SiP module will adhere to standards set by the FIDO Alliance and W3C standards, innovatively replacing traditional passwords with cryptographic key pairs for enhanced security. Engineering samples are set to release this summer, with mass production slated for the end of 2025, according to FPC.
Philpott remarked on the burgeoning market demand and the crucial need for a turnkey solution, stating, “Our initiative with jNet aligns perfectly with our strategy of delivering biometric system solutions and end-user applications through strategic partnerships.” This emphasizes FPC’s commitment to addressing emerging industry needs through collaborative innovation in biometric technology.
Fingerprints Card AB, a prominent player in the biometric technology sector, seeks to solidify its position by boosting the commercialization of its IP through strategic partnerships. The firm launched a program in July 2023 aimed at recognizing and monetizing its extensive portfolio of patents. Concurrently, with the rise in demand for biometric security solutions, collaborations are being formed to design innovative and user-friendly products that meet market needs, particularly in passwordless authentication and identity verification technologies. jNet Secure, the partner in the recent joint venture, specializes in security software solutions tailored for lightweight devices, and is critical in developing the next-generation biometric solutions FPC aims to release. This combination of expertise and innovation is expected to lead to significant advancements in secure biometric technologies.
Fingerprint Cards is strategically positioning itself for growth through partnerships aimed at enhancing its IP commercialization and developing new biometric technologies. Their collaborations with an IP advisory firm and jNet Secure are designed to capitalize on growing market demands for secure biometric solutions, particularly in the realm of passwordless authentication. Through these ventures, FPC aims to drive innovation, efficiency, and revenue, leveraging its technological capabilities and market insights for future success.
Original Source: www.biometricupdate.com
