Tuesday, July 14, 2009

AuthenTec Acquires Assets of Atrua Technologies

MELBOURNE, Fla., July 14, 2009 – AuthenTec (NASDAQ: AUTH), the world’s leading provider of smart fingerprint sensors and solutions, announced today that it has completed a transaction to acquire the assets of fingerprint sensor maker Atrua Technologies for approximately $4.9 million in cash. The asset purchase further extends AuthenTec’s industry leading position in the wireless market and adds to its expansive intellectual property (IP) portfolio. Papers have also been filed with the Federal District Court for the Northern District of California to effect the dismissal of all claims pending in AuthenTec’s patent infringement suit against Atrua as well as Atrua’s counterclaims.

Through this transaction, AuthenTec acquired certain Atrua assets including its “Fingerprint Touch Control” and “Micro Pressure Control” products, as well as technologies and IP associated with the Atrua fingerprint sensor hardware and software. The acquired IP includes more than 30 issued and pending U.S. patents, focused primarily on fingerprint sensor and intelligent touch controls for mobile devices, bringing AuthenTec’s total patent portfolio to more than 100 issued and pending U.S. patents.

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