Australian investment firm Charter Pacific Corporation has announced it will buy 100% of biometric security company Microlatch Group.
Microlatch has focused on wireless platforms within the access control security markets, such as smart home and encrypted communications.
However, crucially its patents also impact the secure access to mobile computing devices such as smartphone, tablet, notebook, laptop and touchless payment platforms.
The company has a patent portfolio of 26 registered patents globally with one single patent being valued at up to US$313 million.
The key technology protected by its patents relates to biometrics being aligned with RF (radio frequency), NFC (near field communication) and Bluetooth payment technology for secure access to mobile computing devices.