Bluehill ID AG
BLUEHILL ID AND SCM MICROSYSTEMS TEAM UP ON CONTACTLESS, RFID TECHNOLOGY FOR IDENTIFICATION MARKETS
Bluehill ID AG / Alliance/Strategic Company Decision Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- BLUEHILL ID AND SCM MICROSYSTEMS TEAM UP ON CONTACTLESS, RFID TECHNOLOGY FOR IDENTIFICATION MARKETS Fremont, Ismaning & St. Gallen, 28 April 2009 - SCM Microsystems, Inc. (NASDAQ: SCMM; Prime Standard: SMY), a leading provider of solutions that open the Digital World, and Bluehill ID (Frankfurt Stock Exchange: BUQ) today announced a wide-ranging technology and distribution agreement that targets contactless smart card, RFID and NFC markets worldwide. The partnership marks another significant step in SCM's strategy to expand into the fast growing contactless market, and also further extends Bluehill ID's distribution channels and technology portfolio for identity management and electronic security. Under this agreement, companies of the Bluehill ID Group will distribute SCM contact smart card reader technology on an OEM basis and SCM will have access to Bluehill ID's unique dual antenna RFID reader technology. The two companies have also agreed to share technology and jointly develop new hardware and software products, and to cooperate in optimizing reader production. Among the first projects planned will be SCM's development of new NFC readers based on Bluehill ID modules. Bluehill ID for its part expects to bring products to market more quickly and cost effectively by using its technology with the SCM firmware platform, and will examine ways to benefit from SCM's production and supply chain strengths. Commenting on the cooperation agreement, Felix Marx, CEO of SCM Microsystems said, 'The alliance with Bluehill ID is an important step for SCM as we transform the company into a forward-looking business focusing on identity management and contactless and RFID technology. We expect to grow our sales in contact smart card readers using Bluehill ID channels, and to make faster inroads to the NFC market by working together.' Ayman Ashour, CEO of Bluehill ID added, 'SCM is the premier company in logical access solutions, and their plans to expand further into the converged physical and logical access control space through their acquisition of Hirsch are closely aligned with our own. This partnership with SCM will enable us to benefit from our joint strengths in these very exciting growth markets.' Bluehill ID is an investor in SCM as well. 'Bluehill ID's recent increase of their stake in SCM Microsystems to above seven percent is very much welcomed by SCM and further strengthens our partnership,' said Marx. About SCM Microsystems, Inc. SCM Microsystems is a leading provider of solutions that open the Digital World by enabling people to conveniently access digital content and services at home and in the marketplace. The company develops, markets and sells the industry's broadest range of smart card reader technology for secure authentication of individuals by computers, networks and facilities. The company's customers include OEMs, governments and enterprises worldwide. U.S. headquarters are in Fremont, California; global headquarters are in Ismaning, Germany. For additional information, visit the SCM Microsystems website at www.scmmicro.com About Bluehill ID AG Bluehill ID AG (www.bluehill-id.com) is an international operating company with headquarters in Switzerland and listed on the Frankfurt Stock Exchange (ISIN CH0031958629; Symbol BUQ). Bluehill ID is dedicated to the responsible use and development of RFID and other automatic identification technologies. These technologies are used in the fields of security, identification, tracking and further growing applications. The business model of the company is based on combining disciplined acquisitive growth with sustainable organic growth from portfolio companies. Contact Annika Oelsner, SCM +49 89 9595-5220 aoelsner@scmmicro.de Darby Dye, SCM +1 510 249 4883 ddye@scmmicro.com Fabien Nestmann, Bluehill ID +44 783 80 43 fbn@bluehill-id.com 28.04.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Bluehill ID AG Dufourstr. 121 CH-9001 St. Gallen Schweiz Phone: +41 44 783 8043 Fax: +41 44 783 8040 E-mail: contact@bluehill-id.com Internet: www.bluehill-id.com ISIN: CH0031958629, CH0038439490 WKN: A0MUR7 Listed: Open Market in Frankfurt End of News DGAP News-Service ---------------------------------------------------------------------------
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