SAN FRANCISCO and BEIJING, May 20 /PRNewswire/ -- Validus Technologies Corporation and HierStar Limited are pleased to announce that they have formed a strategic manufacturing, marketing and distribution alliance to offer the first complete range of One Time Password (OTP) authentication products to combat cybercrime in its various forms.
With increasing data breaches, which have created a global market for stolen static data, Validus and HierStar recognized the need to offer a complete and unique range of OTP authentication products to assist companies, governments and individuals in protection from identity theft.
The first complete and unique range of OTP authentication products are:
HierStar, headquartered in Beijing, China, manufactures both OTP powered card products in its Dongguan, China manufacturing facilities. HierStar provides turnkey manufacturing from electronic assembly, card molding, printing personalization and fulfillment. In addition to HierStar's turnkey manufacturing capabilities, it owns significant intellectual property in the areas of low-cost thin flexible LCD displays, manufacturing processes and powered card molding.
"HierStar is a design, engineering and manufacturing company specializing in authentication technologies. Validus is an excellent match as a partner with their bio technologies and software solutions," said Robert Wilson, President of HierStar.
All three products have recently been released to the market and volume production is available for both powered card products.
Validus, headquartered in San Francisco, California, develops and markets its OTP authentication products to a range of companies and governments worldwide. In addition to providing the first complete range of OTP authentication products, it owns significant intellectual property in the form of issued patents and pending patent applications globally, in the areas of biometric powered cards, challenge response powered cards, wireless authentication systems and manufacturing processes.
"Our strategic alliance with HierStar provides an opportunity to work with a world-class engineering and manufacturing team. HierStar has proven to deliver faster development cycles, lower cost manufacturing and increased volume production to support our current and future products," said Travis McGregor, CEO of Validus.
About Validus Technologies Corporation
Validus is a technology development and solution provider in the area of security and authentication, with a specific focus on combating identity theft and cybercrime. Validus' flagship product, the patented VALIDcard(TM), is a strong biometric authentication device designed to prevent identity theft while offering a user-friendly experience. In addition Validus offers VALIDsms(TM), which is fast becoming the new wave of OTP authentication technology to replace Hardware Tokens as the lowest cost OTP authentication solution available.
About HierStar Limited
Based in China, HierStar has been delivering authentication solutions to our OEM customers for the last five years. Its powered card technologies are based on HierStar's engineering, experience and patents in thin and flexible circuit boards, components and displays, as well as molding technologies for ISO standard cards. HierStar supplies OEMs with displays, and ready to laminate inlays as well as finished cards.
Safe Harbor Statement
Statements in this news release that relate to future plans, financial results, projections and events of performance are forward-looking statements. While these statements are made to convey to the public the parties progress, business opportunities and growth prospects readers are cautioned that such forward-looking statements represent the parties current understanding and beliefs. Unforeseen factors may affect the parties' actual results and could cause results to differ materially from the forward-looking statements.
For more information about HierStar, Limited, please visit www.hierstar.com.
|SOURCE Validus Technologies Corporation|
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