FB pixel

Charter Pacific Corporation to acquire mobile biometrics firm Microlatch Group

Categories Biometrics News

Investment firm Charter Pacific Corporation will acquire mobile biometric solutions developer Microlatch Group for an undisclosed amount, according to a report by Proactive Investors.

Microlatch has a patent portfolio of 26 registered patents globally with one single patent — Remote Entry System — being valued at up to US$313 million.

The patents cover secure access solutions for mobile computing devices, with a specific focus on wireless platforms within the access control security markets, smart home and encrypted communications.

The patented technology relates to biometrics being aligned with RF (radio frequency), NFC (near field communication) and Bluetooth payment technology for secure access to mobile computing devices.

Patent attorneys have reviewed the patent portfolio and identified 35 global entities — including Apple Inc., Huawei, Lenovo Group Limited, and Zwipe — who are marketing products and services that are related to one or more of the patents and are potential infringers who can best be described as potential licensees.

Additionally, these entities are viewing mobile payment systems as the next major global market growth area and Microlatch has several patents that would ensure a stronger patent protection position.

By acquiring Microlatch, Charter Pacific will benefit from potential future revenues through license agreements or on-selling the patents.

Charter Pacific will likely prepare for expressions of interest from various companies globally regarding licensing opportunities.

An independent valuation of the Remote Entry System patent has estimated the patent value to be between US$55.8 million and US$155 million, as well as forecasts its potential licensing revenue to reach between US$81.1 million and US$313 million.

One of the main advantages of Microlatch’s patent portfolio is that all of the patents have been registered for many years since 2003 without any challenges.

Charter Pacific said it intends to grow each family of patents to enclose new advances in technology in growing markets and benefit from the importance of performing secure data transfer on mobile devices across multiple platforms.

Article Topics

 |   |   |   | 

Latest Biometrics News


EU AI Act should revise its risk-based approach: Report

Another voice has joined the chorus criticizing the European Union’s Artificial Intelligence Act, this time arguing that important provisions of…


Swiss e-ID resists rushing trust infrastructure

Switzerland is debating on how to proceed with the technical implementation of its national digital identity as the 2026 deadline…


Former Jumio exec joins digital ID web 3.0 project

Move over Worldcoin, there’s a new kid on the block vying for the attention of the digital identity industry and…


DHS audit urges upgrade of biometric vetting for noncitizens and asylum seekers

A recent audit by the DHS Office of Inspector General (OIG) has called for the Department of Homeland Security (DHS)…


Researchers spotlight Russia’s opaque facial recognition surveillance system

In recent years, Russia has been attracting attention for its use of facial recognition surveillance to track down protestors, opposition…


Estonia digital identity wallet app from Cybernetica lifts off

Tallinn-based Cybernetica has submitted the minimum viable product (MVP) for Estonia’s national digital identity wallet to the Estonian Information System…


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events