Dave Savastano06.12.08
Solicore, leading producer of ultra-thin, flexible lithium polymer batteries, has signed a million unit purchase order through Korean-based BlueChip ENP Co., LTD. Solicore’s Flexion® batteries support compliance with the Korean FSA mandate to provide enhanced security for all personal and business financial transactions. The recent binding security initiatives and bylaws require bankcards to be equipped with multi-factor identity authentication applications. Flexion batteries are uniquely able to power these vital solutions needed to comply, including one-time password (OTP) cards.
“Solicore’s pioneering battery technology has been contributing to the progress of worldwide security through various powered card applications in regions such as Africa, Japan and Switzerland. Solicore’s alliance with BlueChip has widened the availability of these security solutions in Korea, providing our customers with enabling technologies to meet next-generation financial industry standards,” says David Corey, CEO of Solicore.
A leading distributor of Microcrystal clocks for OTP card applications, BlueChip’s established network of relationships with key manufacturers in the evolving Korean market creates numerous opportunities for Solicore to further strengthen their presence in the area. With this significant purchase, it is clear that companies within the industry, including Solicore, BlueChip and their customers, are committed to seamlessly expediting compliance with the Korean FSA mandate.
“The use of OTP cards for banking security is in its early stages of adoption, but is gaining momentum quickly, due in part to the innovation Solicore is providing through its Flexion batteries. We believe the relationship between Solicore and BlueChip has evolved and grown stronger with the completion of this new contract,” says Young-Joo Kim, director of BlueChip. “Given the capabilities of Solicore’s ultra-thin batteries coupled with BlueChip’s long-standing relationships within the sector, we are together positioned to lead this market.”
Since entering into their distribution agreement with Solicore, BlueChip has already secured several major purchase orders for platforms using Flexion batteries.
“Solicore’s pioneering battery technology has been contributing to the progress of worldwide security through various powered card applications in regions such as Africa, Japan and Switzerland. Solicore’s alliance with BlueChip has widened the availability of these security solutions in Korea, providing our customers with enabling technologies to meet next-generation financial industry standards,” says David Corey, CEO of Solicore.
A leading distributor of Microcrystal clocks for OTP card applications, BlueChip’s established network of relationships with key manufacturers in the evolving Korean market creates numerous opportunities for Solicore to further strengthen their presence in the area. With this significant purchase, it is clear that companies within the industry, including Solicore, BlueChip and their customers, are committed to seamlessly expediting compliance with the Korean FSA mandate.
“The use of OTP cards for banking security is in its early stages of adoption, but is gaining momentum quickly, due in part to the innovation Solicore is providing through its Flexion batteries. We believe the relationship between Solicore and BlueChip has evolved and grown stronger with the completion of this new contract,” says Young-Joo Kim, director of BlueChip. “Given the capabilities of Solicore’s ultra-thin batteries coupled with BlueChip’s long-standing relationships within the sector, we are together positioned to lead this market.”
Since entering into their distribution agreement with Solicore, BlueChip has already secured several major purchase orders for platforms using Flexion batteries.