IP Transfer & Business Alliance


 

TIDMBGTI 
 
RNS Number : 6159E 
BgenuineTec Inc. 
23 December 2009 
 

FOR IMMEDIATE RELEASE 
23 December 2009 
 
 
BgenuineTec Inc 
(AIM: BGTI) 
("BgenuineTec" or "the Company") 
 
 
IP TRANSFER FROM BEYONDLSI IN JAPAN AND 
BUSINESS ALLIANCE WITH SHENYANG BEYONDLSI, INC. IN CHINA 
BgenuineTec Inc. ("BGT") has signed an agreement with BeyondLSI Inc. ("BLJ") for 
a cash consideration of approximately 20 million Yen (GBP136,573*) for the right 
to use the fingerprint authentication algorithm licensed by BLJ. The agreement 
will enable BGT to market its products in both Japan and the USA in the 
knowledge that they are fully protected by the patented algorithm used in them. 
BGT has also entered into a business alliance in China with Shenyang BeyondLSI, 
Inc. ("BLC") in which it has agreed to pay royalties in respect of gross profits 
that it generates through the sale of the patented products in China. This 
business alliance will lead BGT to focus on the marketing and sales of secure 
products, such as fingerprint LSI chips and modules, mobile phone fingerprint 
security, secure door locks and Smart card match-on-cards, containing this 
patented technology and their applications for the Chinese market, 
particularly the module business in the banking and financial sectors. In 
addition, under the terms of the agreement, BLC will be permitted to purchase 
BGT products and sell these to customers in Japan and the United States and 
shall pay BGT a royalty on any licensed products BLC sells directly to customers 
in these markets. 
Hiroaki Kunieda and Dongju Li, both Directors of BGT, past directors of BLJ, 
shareholders in BLC and, in respect of Dr Kunieda, a party to the business 
alliance agreement, are deemed to be related parties in accordance with Rule 13 
of the AIM Rules. The Directors of the Company, other than Dr. Kunieda and Dr 
Li, having consulted with BgenuineTec's Nominated Adviser, Charles Stanley 
Securities, consider that the terms of the transaction are fair and reasonable 
insofar as its shareholders are concerned. 
*An exchange rate of GBP1 = JPY 146.44 has been used for the currency conversion 
  BgenuineTec Inc 
Taketoshi Kashiwabara Japan      +81-3-5652 -0321 
(Chairman) 
 
 
Charles Stanley SecuritiesUK    +44 (0) 20 7149 6000 
Nominated Adviser 
Russell Cook / Freddy Crossley 
 
 
Cubitt Consulting UK    +44 (0) 20 7367 5100 
Brian Coleman-Smith / James Verstringhe / Nicola Krafft 
 
 
Background Note on BgenuineTec Inc. 
 
 
On 14 July 2006, BgenuineTec Inc. (AIM; BGTI) was the first Japanese company to 
be admitted to trading on AIM. It offers fingerprint authentication products to 
companies and individuals that wish to establish high levels of security using 
biometrics. 
Biometrics uses a physical attribute of the body, such as a fingerprint to 
identify and verify the individual with the aim of making individual 
authentication efficient and secure. 
The Company offers a range of fingerprint authentication products and systems, 
from an integrated system to a mobile device. The Company designs and outsources 
the production of these products and can tailor them to individual client 
specific needs and applications. 
Biometric applications provide convenient and reliable security which reduces 
the cost associated with the failure of conventional authentication methods. The 
principal factor which distinguishes biometrics from conventional password based 
authentication is the enhanced security level it provides while maintaining the 
privacy of individual users. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCKGMZZNFFGLZG
Bgenuinetec (LSE:BGTI)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024