Fingerprints has a major new distribution partner for the South Asian market. The company has teamed up with Excelpoint Systems, a Singapore-based firm that offers electronic components and engineering services to OEMs in the APAC region.
In a statement announcing the partnership, Fingerprints explained that “Excelpoint works closely with its principals to create innovative solutions to complement its customers’ products and solutions.” That bodes well for Fingerprints, given the growing market appetite for biometric sensors that can be incorporated into a consumer devices and other hardware.
The statement added that Excelpoint’s operations extend across 40 cities in “more than 10 countries across Asia Pacific with a workforce of more than 700 people from different nationalities and cultural backgrounds.” But the company emphasized the partnership’s implications for its business activities in India, asserting that it will “strengthen Fingerprints’ position” in the country, “and help the company develop additional channels into smartphone sales in India.” FPC has seen multiple recent integrations of its FPC fingerprint sensors in smartphones aimed at the Indian market, and India is also home to an expanding biometric national ID program that itself entails a huge potential market for biometric technologies.
Commenting further on the partnership, Fingerprint Cards Business Line Mobile VP Ted Hansson said, “Asia is Fingerprints’ largest market and to further strengthen our market position in India which is a key market going forward,” adding, “we are excited to tap into the already extensive relations and customer base that Excelpoint serves within mobile”.
October 17, 2018 – by Alex Perala