Category Archives: Companies

Identiv Strengthens Presence in India With Bureau of Indian Standards Certification of Desktop Smart Card Reader Solutions

By | August 17, 2017

FREMONT, Calif., Aug. 17, 2017 (GLOBE NEWSWIRE) — Identiv, Inc.  (NASDAQ:INVE) today announced Bureau of Indian Standards (BIS) Certification on the most popular collection of the company’s desktop smart card reader solutions. BIS, the National Standards Body of India, was established under the BIS Act of 1986 for the harmonious development of the activities of standardization, marking, and quality certification of… Read More »

Citibank Korea Fails to Compensate for Debit Card Illegal Payments

By | August 14, 2017

s Citibank Korea hasn’t compensated customers who use its debit card for the damages for more than 45 days, the financial authorities enforced sanctions against the bank. According to the Financial Supervisory Service (FSS) on August 13, affiliated stores at Paypal in the U.S. were targeted with a BIN attack and numerous cases of information of Citibank Korea’s… Read More »

Mastercard unveils innovation centre in Dubai

By | August 12, 2017

Mastercard, a leading technology company in the global payments industry, has unveiled its newest payment solutions and groundbreaking technologies at the latest release of its ‘MEA Innovation Showcase’ in Dubai, UAE. Featuring innovations that are shaping the future of the payments sector in the region, the location of the enhanced ‘MEA Innovation Showcase’ at the company’s regional headquarters… Read More »

Shanghai Huahong renames fabs

By | August 11, 2017

Shanghai Huahong Group has renamed all the wafer fabs under the group. The move is to enhance the overall image of the group’s IC manufacturing business, and enable its worldwide customers and partners to identify easily wafer fabs under the group. Eight-inch foundry Huahong Grace Semiconductor Manufacturing (HHGrace) and 12-inch foundry Huali Microelectronics (HLMC) are among the member… Read More »

Mandatory notification of trades in IDEX

By | August 10, 2017

On 9 August 2017, the following primary insiders were granted subscription rights under the company’s 2017 incentive subscription rights plan:  CEO Dr. Hemant Mardia was granted 580,000 subscription rights. Following the grant, Dr. Mardia and his close associates hold or control 2,115,625 shares and 3,830,000 subscription rights in IDEX.  CFO Henrik Knudtzon was granted 415,000 subscription rights. Following… Read More »

Grant of incentive subscription rights in IDEX

By | August 10, 2017

The board of directors of IDEX ASA resolved on 9 August 2017 to issue 4,435,000 incentive subscription rights to certain employees and individual contractors in the company. The grant was made under the company’s 2017 incentive subscription rights plan as resolved at the annual general meeting on 12 May 2017. The exercise price of the subscription rights is… Read More »

Identiv Reports Second Quarter 2017 Results

By | August 10, 2017

FREMONT, Calif., Aug. 10, 2017 (GLOBE NEWSWIRE) — Identiv, Inc. (NASDAQ:INVE) today announced financial results for its fiscal 2017 second quarter ended June 30, 2017. For the second quarter, total revenues were $14.8 million, GAAP gross margin was 38%, GAAP net loss was $(1.9) million, and adjusted EBITDA was $0.2 million. “We continued to experience year-over-year organic growth in the… Read More »

IDEX receives initial order for card sensor modules from leading Asian smart card provider

By | August 9, 2017

Oslo, Norway, 9 August 2017 – IDEX, a leading developer of advanced fingerprint solutions for mass markets, has received an initial order to deliver its off-chip fingerprint sensors for cards to a major Asian authentication and security card customer. The sensors will be integrated in the customer’s biometric ISO form factor card for government identification and access control applications, and… Read More »

Invitation to IDEX’s presentation and webcast of first half of 2017 report

By | August 9, 2017

IDEX ASA will release its interim report for the first half of 2017 on Thursday 10 August 2017.  CEO Dr. Hemant Mardia and CFO Henrik Knudtzon will present the results and a business review starting at 09:00 CET at the Felix Conference Centre at Aker Brygge in Oslo.  The presentation will be broadcasted live at this link: IDEX first half… Read More »

IDEX receives initial order for card sensor modules from leading Asian smart card provider

By | August 9, 2017

Oslo, Norway, 9 August 2017 – IDEX, a leading developer of advanced fingerprint solutions for mass markets, has received an initial order to deliver its off-chip fingerprint sensors for cards to a major Asian authentication and security card customer. The sensors will be integrated in the customer’s biometric ISO form factor card for government identification and access control… Read More »

Nxt-ID’s Strategy to Conquer IoT and Digital Payments is Proving Out

By | August 8, 2017

The burgeoning Internet-of-Things (IoT) ecosystem is growing by the nanosecond. Gartner estimates that there will be 8.4 million connected devices in 2017, a 31% increase from last year. One company that is stretching its IoT muscle is Nxt-ID (NXTD), an innovative tech company that introduced the world to smart wallets and has since expanded deeper into digital payments… Read More »

NXP Investors Stand to Gain From a Chip-Stock Rally and Qualcomm’s Desperation

By | August 7, 2017

I noted two months ago that activist Elliott Management’s reported push (recently confirmed) to get NXP Semiconductors NV (NXPI) to obtain a higher sale price from Qualcomm Inc.  (QCOM) had a good chance of paying off, given how chip stocks have performed since Qualcomm inked a $47 billion deal last October to buy NXP and how much Qualcomm needs the diversification and growth opportunities… Read More »

STMicroelectronics Completes Share Buy-back Program

By | August 7, 2017

Geneva – August 7, 2017 – STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced that it has completed the repurchase of approximately 18.6  million shares of its common stock for an amount of $297 million under its share buy-back program announced on June 22, 2017. The shares were repurchased between June 30,… Read More »

ADVANCED CARD SYSTEMS HOLDINGS LIMITED Announces Change of Company Name to HNA Technology Investments Holdings Limited Approved at Extraordinary General Meeting

By | August 4, 2017

Advanced Card Systems Holdings Limited (“ACS” or the “Company”; collectively with its subsidiaries, the “Group”; stock code: 2086) is pleased to announce on 3 August that its proposed change of company name to HNA Technology Investments Holdings Limited has been approved by shareholders at an extraordinary general meeting held today. The Company announced previously that it proposed to… Read More »

CPI Card Group Inc. Reports Second Quarter 2017 Results

By | August 3, 2017

LITTLETON, Colo.–(BUSINESS WIRE)–CPI Card Group Inc. (Nasdaq: PMTS; TSX: PMTS) (“CPI Card Group” or the “Company”) today reported financial results for the second quarter ended June 30, 2017. Second Quarter 2017 Financial Results Total net sales were $65.8 million, a sequential increase of 17.6% over Q1 2017, and a decrease of 10.7% compared with the prior year period.… Read More »

STMicroelectronics Reports 2017 Second Quarter and First Half Financial Results

By | July 26, 2017

Published: 07:00 CEST 26-07-2017 /GlobeNewswire /Source: STMicroelectronics / : STM /ISIN: NL0000226223   Second quarter net revenues of $1.92 billion; up 5.6% sequentially and 12.9% year-over-year Second quarter gross margin of 38.3%; up 70 basis points sequentially driving operating margin before impairment and restructuring(1) to 9.6% First half net revenues of $3.74 billion, net income of $258 million,… Read More »

NXP Announces Executive Management Transition

By | July 24, 2017

EINDHOVEN, Netherlands, July 24, 2017 (GLOBE NEWSWIRE) — NXP Semiconductors N.V. (NASDAQ:NXPI) announced today that, effective August 6, 2017, Chief Financial Officer Daniel Durn is leaving the company to become the Chief Financial Officer of Applied Materials, Inc.  “I would like to express my deep gratitude to Dan for playing an invaluable role in driving the significant financial improvement of NXP during his tenure. Furthermore, I’d like… Read More »

Ithmaar Bank Earns Prestigious Payment Security Certification

By | July 24, 2017

MANAMA, BAHRAIN – 23 July 2017 – Ithmaar Bank, a Bahrain-based Islamic retail bank, earned a prestigious, internationally-celebrated payment security certification that puts the Bank on par with some of the best in the world. The Payment Card Industry Data Security Standard (PCI-DSS) certification was awarded to Ithmaar Bank by SISA Information Security WLL, the Middle East’s leading… Read More »