Cypress Joins the FIDO Alliance to Align Fingerprint Reader Technology with Specifications | Cypress Semiconductor
Cypress Joins the FIDO Alliance to Align Fingerprint Reader Technology with Specifications
Fast IDentity Online Standards Enable the Replacement of Passwords
With Biometric Authentication Methods that Are More Secure and Easier to Use
SAN JOSE, Calif., February 25, 2015 – Cypress Semiconductor Corp. (NASDAQ: CY) today announced it has joined the Fast IDentity Online (FIDO) Alliance, an industry consortium revolutionizing online authentication with standards-based specifications. Cypress is designing its upcoming fingerprint reader solution to meet FIDO standards. FIDO members commit to share technology and collaborate to deliver open specifications for universal authentication methods that are interoperable, more secure and private, and easier to use. FIDO specifications enable biometric identity verification that protects sensitive user information and eliminates the need for inconvenient passwords.
In 2014, Cypress announced a strategic partnership with IDEX ASA to produce fingerprint reader solutions. Cypress will offer the solutions alongside its industry-leading capacitive touch-sensing portfolio, which includes TrueTouch® touchscreen controllers and CapSense® touch-sensing controllers. Cypress will be showcasing its extensive portfolio of programmable, touch and capacitive sensing solutions for wearables and the Internet of Things at Mobile World Congress 2015 from March 2-5 in Hall 2, Stand 2C26MR at Fira Gran Via in Barcelona, Spain.
“We are excited to welcome our newest sponsor member Cypress,” said Dustin Ingalls, FIDO Alliance president. “The FIDO vision of universal strong authentication promises better security, enhanced privacy, more commerce and expansion of services throughout digital industries. Cypress’s addition to our Alliance supports our industry goal to make user authentication easier and safer for all parties.”
“Joining the FIDO Alliance marks another significant step in the development of our fingerprint reader solutions,” said Hassane El-Khoury, Executive Vice President of the Programmable Solutions Division at Cypress. “Along with our expertise with capacitive touch-sensing technology and the broad adoption of our extensive touch portfolio for mobile devices and other applications, our FIDO membership positions Cypress to make quick inroads in the fingerprint reader market. We envision a very strong product roadmap that will meet the rapidly growing demand for personal security.”
Cypress's touch-sensing portfolio is the industry's broadest and most well-adopted, including TrueTouch, CapSense and trackpad solutions. The company's IP portfolio is unmatched, including true single-layer sensor solutions for dramatically reduced touchscreen costs and self and mutual capacitance sensing on the same chip that enables advanced features such as noise immunity, waterproofing, proximity sensing, passive stylus support and hover.
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 FIDO Alliance is changing the nature of authentication with standards for simpler, stronger authentication that define an open, scalable, interoperable set of mechanisms that reduce reliance on passwords. FIDO authentication is stronger, private, and easier to use when authenticating to online services.
The FIDO Alliance Board of Directors includes leading global organizations: Alibaba Holdings (NYSE: BABA); ARM Holdings plc (LSE: ARM and NASDAQ: ARMH); Bank of America Corporation (NYSE: BAC); CrucialTec (KRX: 114120); Discover Financial Services (NYSE: DFS); Google; IdentityX ; Lenovo; MasterCard (NYSE: MA); Microsoft (Nasdaq "MSFT"); Nok Nok Labs, Inc.; NXP Semiconductors N.V. (NASDAQ: NXPI); Oberthur Technologies OT; PayPal (NASDAQ: EBAY); Qualcomm, Inc. (Nasdaq: QCOM); RSA®; Samsung Electronics, Ltd (KOSCOM: SECL); Synaptics (NASDAQ: SYNA); Visa Inc. (NYSE: V); Yubico.
Cypress delivers high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and exceptional system value. Cypress offerings include the flagship PSoC® 1, PSoC 3, PSoC 4 and PSoC 5LP programmable system-on-chip families. Cypress is the world leader in capacitive user interface solutions including CapSense® touch sensing, TrueTouch touchscreens, and trackpad solutions for notebook PCs and peripherals. Cypress is a world leader in USB controllers, which enhance connectivity and performance in a wide range of consumer and industrial products. Cypress is also the world leader in SRAM and nonvolatile RAM memories. Cypress serves numerous major markets, including consumer, mobile handsets, computation, data communications, automotive, industrial and military. Cypress trades on the NASDAQ Global Select Market under the ticker symbol CY. Visit Cypress online at www.cypress.com.
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