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 more than 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, 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 
[email protected] 
[email protected]


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 Links

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

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

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

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

Denso
Oct 12, 2018 13:35 HKT/SGT
DENSO Takes a Stake in Software Developer eSOL
Sept 27, 2018 12:15 HKT/SGT
DENSO and NRI Secure Technologies Agree to Establish a Joint Venture for the Growing Automotive Cybersecurity Market
Sept 13, 2018 11:29 HKT/SGT
DENSO to Exhibit at the 25th ITS World Congress Copenhagen 2018
Sept 7, 2018 17:00 HKT/SGT
DENSO Takes a Stake in Tohoku Pioneer EG
Sept 6, 2018 15:41 HKT/SGT
DENSO Leads $65 Million Series C Funding Round in ThinCI to Make Autonomous Cars a Reality
Aug 30, 2018 16:15 HKT/SGT
Asai Nursery and DENSO Establish Joint Venture to Advance Agricultural Technology and Efficiencies
Aug 28, 2018 09:56 HKT/SGT
AISIN, ADVICS, JTEKT and DENSO Reach Basic Agreement to Establish Joint Venture to Develop Integrated ECU Software for Automated Driving
Aug 28, 2018 09:53 HKT/SGT
AISIN and DENSO Reach Basic Agreement to Establish a Joint Venture to Develop Electrification Driving Modules
Aug 23, 2018 12:35 HKT/SGT
DENSO Invests 30 Billion Yen in OLED Display Developer JOLED
June 28, 2018 10:42 HKT/SGT
DENSO to Integrate the Operations of Three Group Companies in South Korea
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: