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Biometrics stocks update: Egis Technology, Goodix, VSBLTY, Synaptics, Mitek

Biometrics stocks update: Egis Technology, Goodix, VSBLTY, Synaptics, Mitek

Egis Technology has announced revenue of NT$628 million (US$20.9 million) for the month of December, 2019, a jump of 19.2 percent from the previous month and an impressive increase of 121.4 percent from the same month a year ago.

A revenue decline of 4.1 percent from the previous quarter was explained by the company as a seasonal pattern, and consistent with its communications to investors. For the full year, Egis had a best-ever NT$7,358 million ($245 million), a 24.5 percent increase.

Egis’ outlook could be affected by a patent infringement suit filed by Goodix in July.

Goodix looks ahead to 5G biometric opportunities

2019 was a “bumper harvest” for Goodix, CEO David Zhang writes in a New Years’ message, with a range of new product deployments, launches, and partnerships.

Adoptions of the company’s optical in-display fingerprint sensor, the product of six years of development, leapt from 18 to 101 during the year. Goodix has achieved more than 10 million shipments in fingerprint sensors for PCs, further increasing its market share, and licensed its Live Finger Detection and secure MCU technology for smart locks by several partners. The company also launched its capacitive 2-in-1 TWS earbuds with in-ear detection (IED), and acquired NXP’s Voice and Audio Solutions (VAS) during 2019.

Zhang emphasizes Goodix’ focus on innovation and long-term profits, and notes the company has accumulated more than 3,900 patents, with almost 1,000 for its in-display fingerprint sensor alone.
The company plans to continue internationalizing, has adopted integrated product development for all projects, and has built its Goodix Developer Community up to 5,000 members.

For the year ahead, Goodix intends to capitalize on a wide range of biometrics opportunities in 5G commercialization, roll out its Time of Flight (ToF) solution, and tender a contract for the construction of a new headquarters in Shenzhen, Zhang writes.

VSBLTY partners with pharmacy chain

VSBLTY has partnered with Pure Integrative Pharmacy, a chain of 16 pharmacies throughout British Columbia, Canada, to apply VSBLTY’s VisionCaptor and DataCaptor software to a pilot program with the aim of educating consumers about specific vitamins and supplements that could help them improve their own health, according to a joint announcement.

Consumer traffic, engagement level, dwell time, location and brand interaction can be tracked with advanced optics and sensors and VSBLTY’s technology to provide objective, real-time, qualitative measurements and analysis.

“We’re delighted to partner with Pure Integrative Pharmacy in this unique educational program that will also provide the firm with data analytics that help them better understand shopper engagement with innovative, in-store digital tools,” comments VSBLTY founder and CEO Jay Hutton in the press release.

“This planned two-month pilot program in our pharmacies will enable us to determine if this state-of-the-art in-store communication technology will enable our customers to make more informed decisions about which of our healthcare products and services will serve their individual needs,” says Bob Mehr, president and CEO of Pure Integrative Pharmacy. “This is yet another example of how Pure Integrative Pharmacy continues to be on the leading edge of providing healthcare guidance and education to our customers so they are empowered to take a more active role in their health and wellness.”

Pure Integrative Pharmacy is part of Overwaitea Food Group, which operates mare than 160 stores in western Canada.

Synaptics at CES 2020

In addition to biometric fingerprint and display technologies for auto applications, Synaptics is showcasing its latest SecurePad, which combines a TouchPad with an integrated Natural ID fingerprint sensor.

The company is also demonstrating its new VideoSmart VS680 solution, an edge computing SoC which includes CPU, NPU, and GPU, its forthcoming True Wireless Stereo (TWS) AudioSmart platform, and other innovations.

Mitek to present at Needham Growth Conference

Both Mitek CEO Max Carnecchia and CFO Jeff Davison will make a presentation on January 14, 2020 as part of the 22nd Annual Needham Growth Conference at the Lotte New York Palace Hotel in New York City. They will also hold one-on-one meetings throughout the day, according to a press release from the company.

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