Tuesday, August 19, 2014

LG will use the contactless chip of French Inside Secure – Le Figaro

LG will use the contactless chip of French Inside Secure – Le Figaro

Graced for Inside Secure. After years of hardship and 85 million loss in five years, the Aachen company specializing in securing data on mobile phones or other objects connected to the Internet head out of the water. She has sold through France Patents, structure created by the state and the Deposit to value the products of French research, license its patent portfolio in contactless chips to LG Electronics, the world number 4 smartphones. The amount of the transaction was not disclosed, but would cover about $ 10 million (the Committee for Patents excluding France), according to Stephane Houri Natixis believes that the patent portfolio Inside Secure to $ 100 million.

The company has also licensed its technology to chipmaker Intel American who signed in June for a total of $ 19.2 million. Yesterday, the stock jumped 4.60% to 12.47 euros, bringing the increase since the beginning of the year to 110%

“Inside Secure has invented technology contactless, explains its president Rémy de Tonnac. We are the Roland Moreno NFC. All our work in developing these technologies is recognized by LG. Now, other manufacturers of smartphones NFC, Samsung, Nokia, HTC and probably Apple for its next iPhone, will be hard pressed not to recognize that they infringe our technologies. The only question is about the time it will take to succeed in making them “

Give teeth to sign a licensing agreement! Expertise

The company created in 1995 by former Gemplus (now Gemalto) arrived too early with its first patents in the late 1990s “The market was not there, says Rémy de Tonnac. It took until 2011, but when the market began to take off, BlackBerry, with which we achieve nearly 50% of our sales, has collapsed. The world of mobile telephony has become a duopoly between Apple and Samsung. Now we’re done we take the market by Samsung American Broadcom has added this feature to its chips connectivity that was selling them. “

Rather than engage in a war of Price, Inside Secure has changed strategy. Instead of selling its NFC chips to mobile manufacturers, the company now prefers to grant them a license to use its protected nearly 600 technology patents. It also markets embedded solutions for smartphones and connected devices. The € 75 million collected during the IPO in February 2012 were used to beef up her expertise by acquiring the California Embedded Security Solutions (ESS), and in April, Metaforic. With € 116 million in revenue in 2013, the company has also developed chips for luxuries like Crus, perfumes, bags or bikes.

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