Charter Pacific has executed a Share Purchase Agreement to acquire 100% of Microlatch.
Microlatch has a patent portfolio of 26 registered patents globally with one single patent (Remote Entry System) being valued at up to US$313 million.
Microlatch wholly owns the global patents that makes any biometric verification possible on a mobile device or smart card.
Whether it’s fingerprint, facial or voice recognition, iris scanning or any other biometric signature, it is only ever Microlatch patented technology that permits the act of enrollment of an authorised biometric signature.
Every single time you’ve accessed your phone using your fingerprint today, you’ve used Microlatch technology. If you used Apple Pay or your smart card to make a payment, you’ve also used Microlatch technology.
Charter is seeking to accelerate the commercialisation of the patents and to secure license revenue for their use. Microlatch comprises Microlatch Pty Ltd (ACN 059 640 747), Securicom (NSW) Pty Limited (ACN 053 874 089) and Microlatch Limited (a UK registered company with Company No 08625097).
The biometric technology patents are currently being used
by global leaders such as…
Apple, Huawei, Master Card, Android, Samsung, Nokia, Alibaba, Visa and many more.