HANGZHOU, China & MELBOURNE, Fla.--()--Miaxis Biometrics Co. LTD, a leading provider of biometric products, and AuthenTec (NASDAQ: AUTH), a leading provider of mobile and network security, announced today that they have completed first volume shipments of Miaxis’ new products integrating AuthenTec’s fingerprint sensors to the Bank of China and other major Chinese banks. Tens of thousands of Miaxis Bank ID Terminals integrating AuthenTec TCS2 TouchChip fingerprint sensors are being deployed throughout China within branch offices of major Chinese banks to reduce teller fraud.
Miaxis is one of China’s leading providers of bank teller ID management systems. Miaxis’ fingerprint sensor-equipped ID systems allow banks to guard against bank teller fraud by providing a biometric audit trail of financial transactions. The key component in Miaxis’ teller ID management system is the fingerprint sensor that identifies each bank teller by their unique fingerprint pattern. Under terms of a purchasing agreement between Miaxis and AuthenTec executed in 2011, AuthenTec will provide high volumes of TouchChip sensor products to Miaxis for use in fingerprint ID systems including its USB readers, as well as other Miaxis products designed to serve the growing market in China for banking and government programs requiring fingerprint biometrics.
“AuthenTec has been a longtime supplier of fingerprint sensors to Miaxis over our 12-year history, and we are pleased to team with them on innovative fingerprint security solutions for the Chinese banking market,” said Jerry Li, Miaxis Chairman and CEO. “AuthenTec has earned its reputation as a leading provider of silicon-based fingerprint sensors and we look forward to close collaboration on new banking ID systems that take full advantage of the biometric performance and fingerprint imaging accuracy of their TouchChip sensors.”
“Miaxis has been a strong customer and partner, and we are eager to support their aggressive plans to deploy additional banking ID terminals in China to leading banks including the Bank of China,” said Alan Kramer, Vice President of the Government and Access Control Business at AuthenTec. “China represents a significant market opportunity for our Government-grade sensor products and our partnership with Miaxis has helped us to solidify our position in this important market. Over the years we have worked with them, Miaxis has expanded their technical capabilities, and broadened their product offering, and we are delighted to see the success of our joint development efforts being recognized through these large security deployments in the Chinese banking sector.”
About Miaxis Biometrics
Miaxis is the world leading biometrics products and solutions provider. Their products include fingerprint modules, fingerprint readers, fingerprint lock systems and bank teller authentication systems. With 12 years of experience in biometric applications, Miaxis enjoys a solid reputation in the banking and security markets. Since 2000, Miaxis products are not only widely used in China but also in Europe, Japan, Brazil, Africa, and other regions. Miaxis investors include Intel Corporation among venture capital investors. With more than 100 patents, Miaxis is China’s number one biometrics company specializing in biometrics products, R&D, manufacturing and distribution. Learn more at www.miaxis.com and www.miaxis.net.
About AuthenTec
AuthenTec is a leading provider of mobile and network security. The Company's diverse product and technology offering helps protect individuals and organizations through secure networking, content and data protection, access control and strong fingerprint security on PCs and mobile devices. AuthenTec encryption technology, fingerprint sensors and identity management software are deployed by the leading mobile device, networking and computing companies, content and service providers, and governments worldwide. AuthenTec's products and technologies provide security on hundreds of millions of devices, and the Company has shipped more than 100 million fingerprint sensors for integration in a wide range of portable electronics including over 15 million mobile phones. Top tier customers include Alcatel-Lucent, Cisco, Fujitsu, HBO, HP, Lenovo, LG, Motorola, Nokia, Orange, Samsung, Sky, and Texas Instruments. Learn more at authentec.com or follow us on Twitter @authentecnews.