#abomem

Tyfone licenses SideTap MicroSD & NFC secure element card technologies to Taiwan memory manufacturer AboMem

Tyfone announced today that it has found a new manufacturing partner in Taiwanese firm AboMem for its SideTap MicroSD NFC products. The partnership will also include widespread distribution rights, which is set to include China where AboMem has an extensive distribution network already in place.

“Tyfone’s partnership with AboMem in China enables Tyfone to scale its business with a recognized leader in manufacturing memory products, and unleash its established distribution supply chain.”

Tyfone’s patented SideTap microSD product can be added to existing mobile devices and it enables secure element functionality with NFC connectivity. SideTap is a unique feature of Tyfone’s u4ia platform that provides end-to-end mobile financial service solutions, from informational services and commerce to secure identity and  NFC payments.

“A necessary element required for the success of add-on NFC and secure element capabilities is the ability to scale to meet demand,” said Nick Holland, Senior Analyst with the Yankee Group. “This announcement demonstrates that Tyfone will be equipped with the manufacturing capabilities that will be critical for matching incoming demand for NFC hardware as the floodgates are opened.”