Synaptics Incorporated (NASDAQ: SYNA), the leading developer of human interface solutions, has announced an exclusive partnership with OXi Technology, a Shanghai-based developer of unique and patented optical fingerprint technology.
The collaboration includes combining technology from each company in the development of new proprietary optical sensing solutions for smartphones, tablets and PCs.
Synaptics has signed an agreement to make a minority investment in OXi and expects the investment to close within a few weeks. Synaptics will also have the right to appoint a member of the OXi Board of Directors. Further details of the agreement are currently confidential.
OXi Technology was founded in 2014 and is located in Shanghai, China. OXi focuses on innovation in biometric sensors with a goal of making life more secure and convenient in our increasingly digital and connected world. OXi offers patented and unique TOT (Thin Optical Touch) technology which enables fingerprint sensor modules to be thin and compact with supreme image quality while competitively priced.
Jones Day has advised Synaptics in its minority stake investment in OXi Technology with a team eld by Micheal Reagan.
Involved fees earner: Micheal Reagan – Jones Day;
Law Firms: Jones Day;
Clients: Synaptics Inc.;