Oct 27 2009
- Affirms Market and Technology Leadership
- Focuses on Shipping Next 50 Million Sensors to PC and Cell Phone Customers
AuthenTec (NASDAQ: AUTH), the world’s leading provider of smart fingerprint sensors and solutions, today announced the shipment of its 50 millionth fingerprint sensor, establishing a new record for the fingerprint sensor market. Founded in October 1998, AuthenTec established a previous industry benchmark of 25 million sensors in November 2007 and took less than two years to double that mark to 50 million. AuthenTec’s 50 millionth sensor was shipped to Fujitsu Limited for integration into its newest smart phone, where it will be used for touch-powered features including security, navigation, personalization and convenience.
“The shipment of our 50 millionth sensor is a significant achievement which underscores our leadership position in providing advanced technologies and products to a broad cross section of industry leading OEMs in the mobile and PC markets. It also highlights the dedication of our team here at AuthenTec and, together, we are very proud of this achievement,” said AuthenTec Chairman & CEO Scott Moody. “We have continually been aggressive in driving new technologies to the market and being able to deliver those new products in high volumes. Especially in today’s market, customers value a supplier that demonstrates innovation, financial stability, product reliability and quality – this has proven to be a competitive advantage for AuthenTec.”
“We congratulate AuthenTec on this tremendous milestone and are proud to have played a key role in AuthenTec’s success,” said Hideyuki Saso, President of Fujitsu’s Ubiquitous Products Business Group. “AuthenTec products continue to bring multiple touch-powered features to millions of Fujitsu PCs, cell phones and mobile devices, and we look forward to the continued expansion of our co-development activities and our longstanding partnership.”
“Although we’re proud of achieving this milestone, we are even more excited about the opportunity before us,” added Moody. “We are now focused on shipping our next 50 million sensors, but more as a solution provider than simply a sensor provider. With the recent introductions of our new AES1660 smart sensor and our new TrueSuite™ application, we have moved from a sensor supplier to a solution provider focused in identity management, personal security and multi-touch functionality. With more introductions planned later this year, we will be offering these same expanded capabilities to the mobile market. We continue to firmly believe that there is a billion unit per year opportunity in front of us for our products, and we believe our newest products position us well to capture a significant portion of that opportunity going forward.”
Source: http://www.authentec.com/