Leading South Korean Mobile Input Device Manufacturer CrucialTec Joins the FIDO Alliance Board

Leading South Korean Mobile Input Device Manufacturer CrucialTec Joins the FIDO 
Alliance Board 
Global Interest Grows in Replacing Passwords With Fast IDentity
Online (FIDO) Universal Strong Authentication 
PALO ALTO, CA -- (Marketwired) -- 04/17/13 --  The FIDO Alliance, an
industry consortium revolutionizing online authentication with the
first standards-based open protocol, announces that CrucialTec (KRX:
114120) has joined the Board of Directors. CrucialTec is the world
leader in Optical Track Pad mobile input devices used in smartphones,
smart TVs and digital cameras. Supporting founding company Board
members Lenovo, Nok Nok Labs, PayPal, and Validity Sensors,
CrucialTec and NXP Semiconductors are the first new companies to join
the Board since the FIDO Alliance launched in February 2013. 
"CrucialTec is a welcome addition to the FIDO Alliance board.
Powerful, insightful and influential organizations like CrucialTec
accelerate FIDO's path to universal strong authentication.
CrucialTec's alliances with the world's leading mobile handset and
digital device manufacturers directly impact the way consumers use
technology. Their influence will help prepare and equip more users
and relying parties to replace passwords with strong authentication
security online and in mobile applications," said Michael Barrett,
FIDO Alliance president and PayPal Chief Information Security
Officer. "We expect the first FIDO enabled enterprise devices by the
end of 2013 and consumer products to follow in early 2014. With
companies like CrucialTec committed to reducing password reliance
with better security, enhanced privacy, and a simplified user
authentication, the FIDO vision moves quickly to becoming a reality." 
"We are glad to join the FIDO Alliance Board. CrucialTec is the first
developer and the No.1 provider of Optical Track Pad (OTP), which
allows for optic based navigation on mobile devices. Since 2006, our
company has supplied over 200 million Optical Track Pads to the
world's leading mobile device manufacturers. For continuous company
growth, we have added more variety in the product line-up of Mobile
Track Pad. Our company's next generation Biometric Track Pad (BTP),
adds fingerprint recognition to our existing navigation mobile track
pad. Our BTP was developed thi
s past year and supply contracts are
under discussion with several global mobile device makers," said
David Hong, Vice President of CrucialTec USA. "We expect our special
technology in mobile equipment and global sales power will contribute
to the FIDO vision, while synergistically expanding our BTP business
by aligning CrucialTec with FIDO membership and new business
opportunities." 
The FIDO protocol will support a full range of authentication
technologies, including biometrics such as fingerprint scanners,
voice and facial recognition, as well as existing solutions and
communications standards, such as Trusted Platform Modules (TPM), USB
Security Tokens, Near Field Communication (NFC), One Time Passwords
(OTP) and many other existing and future technology options. The open
protocol is designed to be extensible and to accommodate future
innovation, as well as protect existing investments. The FIDO
protocol allows the interaction of technologies within a single
infrastructure, enabling security options to be tailored to the
distinct needs of each user and organization. 
Organizations that want to influence the development of the FIDO
protocol and ensure that the open standard addresses their use cases
and requirements should join the FIDO Alliance now. FIDO Alliance
members will define the market requirements, contribute to the FIDO
specification and be part of the ecosystem that will address the
broad range of use cases and technologies. The FIDO Alliance invites
all companies and organizations to join the Alliance and become
active members. 
About CrucialTec
 CrucialTec (KRX: 114120) is the world's largest
manufacturer of Optical Track Pad (OTP) mobile input devices.
Headquartered in Suwon, South Korea, the company manufactures and
supplies OTP devices to handset manufacturers such as Research In
Motion, Samsung, LG, HTC, Sony Ericsson, Motorola, and Pantech.
CrucialTec is also a supplier of devices for smart TVs and digital
cameras to companies like HP, Sharp, Kyocera, and Acer. The company
developed and commercialized the world's first nano-optic based input
device and holds over 200 patents worldwide.  
In 2010, CrucialTec had sales of $208 million and is targeting $1
billion in revenues in 2013. In July 2011, CrucialTec opened its
Vietnam manufacturing plant in Hanoi with an expected manufacturing
capacity of 100 million units per year. http://www.crucialtec.com/  
About The FIDO Alliance
 The FIDO (Fast IDentity Online) Alliance,
www.fidoalliance.org, was formed in July 2012 to address the lack of
interoperability among strong authentication technologies, and remedy
the problems users face with creating and remembering multiple
usernames and passwords. The Alliance plans to change the nature of
authentication by developing standards-based specifications that
define an open, scalable, interoperable set of mechanisms that
supplant reliance on passwords to easily and securely authenticate
users of online services.  
Founding FIDO Alliance members are Agnitio
http://www.agnitio-corp.com, Infineon Technologies www.infineon.com,
Lenovo http://www.lenovo.com, Nok Nok Labs https://www.noknok.com,
PayPal https://www.paypal.com, and Validity
http://www.validityinc.com.  
Media Contact:
Suzanne Matick
for FIDO Alliance
suzanne [at] matick.net
831-479-1888 Pacific time zone 
 
 
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