AuthenTec rises, inks deal with Japanese distributor
Shares of AuthenTec, Inc. (Nasdaq: AUTH) are higher following news after the close on Thursday that the maker of fingerprint authentication sensors and solutions has signed a distribution agreement with Japanese semiconductor distributor Marubun Corp.
According to the terms of the deal, Marubun will offer AuthenTec’s silicon-based fingerprint sensor products and provide technical and logistical support to the company’s customers.
“We believe this agreement, with one of the most respected representative and distributor firms in the world, adds strength to our global supply chain and enables us to achieve our growth plans in the region at a faster pace,” said Kengo Kobayashi, AuthenTec’s managing director for Japan, in a statement.
Melbourne, Fla.-based AuthenTec’s technology is integrated on electronic devices such as personal computers and cell phones and is activated when the appropriate user runs their finger over the sensor. In a move that shows the increasing consumer acceptance of the technology, the company recently announced that it has incorporated its sensors on a door lock that can be opened with a scan of someone’s fingerprint.
At 12:31 p.m. ET, AuthenTec (AUTH) shares had added $0.15, or 2%, to $10.14.
