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 Corporation, headquartered in Kariya, Aichi prefecture, Japan, is a leading global automotive supplier of advanced technology, systems and components in the areas of thermal, powertrain control, electronics and information and safety. Its customers include all the world's major carmakers. Worldwide, the company has more than 200 subsidiaries and affiliates in 38 countries and regions and employs nearly 140,000 people. Consolidated global sales for the fiscal year ending March 31, 2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9 percent of its global consolidated sales on research and development. DENSO common stock is traded on the Tokyo and Nagoya stock exchanges. For more information, go to www.globaldenso.com, or visit our media website at www.densomediacenter.com.

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 © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Denso
Jan 19, 2018 13:47 HKT/SGT
DENSO Undertakes Demonstration Project to Advance Manufacturing Industry in Thailand
Jan 15, 2018 14:54 HKT/SGT
DENSO, Toshiba Digital Solutions, and Toshiba Information Systems Conclude a Capital Alliance Agreement
Jan 8, 2018 10:08 HKT/SGT
DENSO Leads AI-Powered Fleet Management Technology Company ActiveScaler's Seed Funding Round
Jan 5, 2018 08:36 HKT/SGT
DENSO and Kyoto University Startup FLOSFIA will Develop Next-Gen Power Semiconductor Device for Electrified Vehicles
Dec 14, 2017 10:17 HKT/SGT
DENSO and BlackBerry Partner to Develop World's First Integrated Automobile HMI Platform
Dec 14, 2017 08:00 HKT/SGT
DENSO and Toyota Tsusho to Conduct a Test Applying a Quantum Computer to Analyze IoT Data with a Commercial Application
Dec 12, 2017 19:52 HKT/SGT
DENSO to Demonstrate Latest Connected and Autonomous Vehicle Innovations at CES 2018
Dec 5, 2017 10:48 HKT/SGT
DENSO to Integrate Business with ASMO Co., Ltd.
Nov 29, 2017 13:25 HKT/SGT
DENSO and NEC Establish a Joint Venture to Develop Essential Connectivity Technologies for Cars of the Present and Future
Nov 7, 2017 11:16 HKT/SGT
Denso: The Korea Fair Trade Commission's Announcement Concerning the Monopoly Regulation and Fair Trade Act Related to Certain Automotive Components
More news >>
 News Alerts
Copyright © 2018 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 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6721 7212

Connect With us: