Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 15 December 2017, 07:52 HKT/SGT
Share:
    

Source: Denso
DENSO Acquires InfiniteKey, Inc. to Advance Keyless Automotive Experience
- Replacing keys with smartphones will enable a broad range of mobility, including ridesharing and driverless services -

KARIYA, JAPAN, Dec 15, 2017 - (JCN Newswire) - DENSO, one of the world's largest automotive technology, systems and components suppliers, has acquired Holland, Mich.-based InfiniteKey, Inc., along with several key patents and R&D resources. The acquisition provides foundational pieces to developing phone-as-a-key technology and increases DENSO's lead in developing and deploying smartphone-based automotive access, a critical component of the company's strategy to create a future with frictionless mobility. This type of technology will become increasingly important for automakers, as ridesharing and driverless services progress beyond the need for keys.

"When we consider the future of mobility, the customer experience is always at the forefront of our design. Eliminating the need for physical keys will create a headache-free experience for car owners, and ridesharing and driverless services users," said Bill Foy, senior vice president of Engineering, DENSO International America. "This acquisition brings us one step closer to making this experience a reality and advancing vehicle access technologies."

InfiniteKey has developed advanced techniques for microlocating smartphones relative to vehicles using standard Bluetooth Low Energy (BLE). This technology allows automakers to rely on phones as passive keys, in the same way they rely upon dedicated passive key fobs today. Unlike key fobs, however, phones as passive key systems enable a broad range of mobility services, such as ridesharing and driverless services.

"This acquisition demonstrates DENSO's aggressive approach to supporting startups and technologies we view as significantly valuable for the future of the transportation industry," said Tony Cannestra, director of Corporate Ventures, DENSO International America. "Whether it's through direct investment or acquisition, DENSO will find a way to support and partner with companies to help transform mobility."

Kevin Virta, CEO of InfiniteKey, expressed his team's enthusiasm for joining forces with DENSO. "Becoming part of DENSO, with its global reach and world-class engineering, means our phone-as-a-key technology can reach the broadest possible penetration in the automotive market," said Virta. "We are looking forward to making significant contributions to DENSO's efforts to lead the way in automotive technologies of the future."

InfiniteKey has been acquired by DENSO International America, DENSO's North American regional headquarters, and is now a satellite office. DENSO completed its transaction of InfiniteKey in October 2017. Terms were not disclosed.


About Denso

DENSO Corp., headquartered in Kariya, Aichi prefecture, Japan has approximately 220 subsidiaries in 35 countries and regions (including Japan) and employs approximately 170,000 people worldwide. Consolidated global sales for the fiscal year ending March 31, 2018, totaled US$48.1 billion. Last fiscal year, DENSO spent 8.8% of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges.

For more information, please go to www.denso.com.
Visit our media website at www.denso.com/global/en/news/media-center/.

Contact:
DENSO CORPORATION 
Sadayoshi Yokoyama, Toshiko Watanabe
Phone: 81-566-25-5594 
Fax: 81-566-25-4509 
sadayoshi_yokoyama@denso.co.jp 
toshiko_watanabe@denso.co.jp


Dec 15, 2017 07:52 HKT/SGT
Source: Denso

Topic: Press release summary
Sectors: Automotive
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Denso Links

http://www.globaldenso.com/en/

https://www.facebook.com/DENSOCorporation/

https://www.youtube.com/channel/UCl8cZy9vYlTcnkVMEInM7XQ

https://ph.linkedin.com/company/denso

Denso
Jan 7, 2019 11:02 HKT/SGT
Three of DENSO Group's Domestic Sales and Service Companies to Be Single Entity Called "DENSO Solution"
Dec 27, 2018 14:33 HKT/SGT
DENSO Announces Changes of Organization
Dec 26, 2018 15:35 HKT/SGT
AISIN and DENSO to Form a New Company to Develop and Sell Driving Modules for Electric Vehicles
Dec 26, 2018 15:07 HKT/SGT
AISIN, ADVICS, JTEKT, and DENSO to Form a New Company to Develop Integrated Control Software for Automated Driving
Dec 21, 2018 11:27 HKT/SGT
DENSO to Showcase Future of Mobility at CES 2019
Dec 13, 2018 17:33 HKT/SGT
NSITEXE Develops Test Chip with Next-generation Semiconductor IP Core Called a DFP
Dec 7, 2018 08:56 HKT/SGT
DENSO Invests Nearly $100 Million in Startups to Advance Mobility
Nov 26, 2018 15:54 HKT/SGT
DENSO Takes a Stake in Infineon Technologies
Oct 31, 2018 13:57 HKT/SGT
DENSO Announces First-half Financial Results
Oct 31, 2018 13:44 HKT/SGT
DENSO to Open New Facility at Haneda Airport for Automated Driving Technology Development and Testing
More news >>
 News Alerts
Copyright © 2019 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6721 7212

Connect With us: