TMCnet News
Socket Mobile and SpringCard SAS announce licensing agreement to enable improved Contactless Customer ExperiencesNEWARK, Calif., March 1, 2021 /PRNewswire/ -- Socket Mobile, Inc. (NASDAQ: SCKT), a leading provider of data capture and delivery solutions designed to enhance workplace productivity, is excited to announce it has licensed SpringCard SAS core contactless technology. SpringCard SAS is a market leader at the forefront of innovative electronic design and development. Its contactless and wireless solutions support a wide range of customers, from large international corporations to locally-focused companies. Socket Mobile and SpringCard SAS have worked together to bring contactless reading products to market. The DuraScan D600 Contactless Reader/Writer and SocketScan S550 Contactless Reader/Writer include SpringCard's core contactless technology, and the SocketScan S550 is Apple Value Added Services (VAS) and Google Wallet certified. Under the new agreement, Socket Mobile will acquire a perpetual, royalty-free license to the core technology for use in its products and be in a position to support new requirements in the future. "We believe the world will continue to embrace contactless technology as we emerge from the global pandemic, with mobile passes being a key deployment enabler. Mobile passes use the same highly secure infrastructure as Apple Pay and Google Pay and can be used to store critical exchangeable data in your phone, such as vaccination status, loyalty status and customer status. The SocketScan S550 contactless reader securely requests the appropriate data from your phone via the mobile pass mechanism with a simple tap, and your phone can ensure your identity is fully verified before your data is exchanged," says Kevin Mills, President and CEO of Socket Mobile Inc. SpringCard SAS has over 20 years of core contactless reading technology and is recognized as a leader in the contactless field. SpringCard SAS technology is used in many applications associated with traditional contactless cards, such as those supporting smart cities, health, mass distribution, retail, transport, logistics, access control, traceability, loyalty programs, storage and inventory, micro-payment, authentication, and others. SpringCard SAS is also a leader in the emerging mobile pass market delivering fully compatible Apple VAS and Google Wallet solutions. The combination of SpringCard SAS contactless technology and Socket Mobile's data capture solutions opens a multitude of new use cases and previously impossible interactions.
"We have been working with SpringCard for over ten years and see this as the next step in a long and productive relationship. Socket Mobile will provide our application developers with the software tools—Capture SDK and data parsing—to fully control our family of contactless products. Socket Mobile is committed to becoming a leader in the contactless market, and working with SpringCard SAS is a critical element of our strategy. Together, we will deliver the products our customers and partners need," says Leonard Ott, CTO of Socket Mobile Inc. The agreement between Socket Mobile and SpringCard SAS is the result of a long and strong working relationship. The agreement also covers maintenance and support for the core technology. About Socket Mobile, Inc. Forward-Looking Statements Socket Mobile Investor Contact: Socket is a registered trademark of Socket Mobile. All other trademarks and trade names contained herein may be those of their respective owners. © 2021, Socket Mobile, Inc. All rights reserved. View original content to download multimedia:http://www.prnewswire.com/news-releases/socket-mobile-and-springcard-sas-announce-licensing-agreement-to-enable-improved-contactless-customer-experiences-301237086.html SOURCE Socket Mobile, Inc. |