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INSIDE Secure finalizes its partnership agreement with Presto Engineering

Aix-en-Provence, France, Jul. 01, 2015 – 

INSIDE Secure(Euronext INSD.PA), a leader in embedded security solutions for mobile and connected devices, announces that it has completed its partnership agreement with Presto Engineering Inc. as intended.

With this partnership, which had been previously announced on April 15, 2015, INSIDE Secure has transferred its France-based semiconductor operations and its worldwide supply-chain management to Presto Engineering Inc., a leader in semiconductor industrialization and production services, together with a team of about 40 people. In return, Presto Engineering Inc. will provide semiconductor engineering and supply-chain management services to INSIDE Secure, through a multi-year service agreement.

This transfer and services agreement is a key milestone of INSIDE Secure?s strategy to focus its hardware business on chip architecture, design and certification along with its associated marketing and sales. The agreement also marks another step in the transformation of the company into a leader in embedded security, with a focus on offering high value added security solutions tailor-made for customers from a portfolio of over 700 patents and a unique mix of intellectual property components, software and hardware.

About INSIDE Secure

Mobility, cloud computing, and increasing connections between systems, information and people are radically changing the way we live and work. The electronic connections we rely on have become critical, which means that securing these connections has become more challenging. Simple add-on security measures are no longer enough. Security measures must be built into every device, connection, and information flow from the start. They must be well integrated. And they must be convenient-not burdensome to deploy or use.

With decades of security innovation and expertise, INSIDE has become the leader in complete solutions for embedded security applications. Our hardware, firmware, middleware, software, and intellectual property work together, enabling customers to secure everything from mobile devices and transactions to payment, access, content protection and the Internet of Things. Our security expertise and innovation provide 360-degree coverage of customers security challenges, enabling us to bring the right level of security to the right challenge and add value to customers solutions.

INSIDE mobile security solutions help customers meet the challenges of mobile markets, such as providing secure Bring Your Own Device (BYOD) strategies and securing transactions across converging computing and cloud environments. INSIDE secure transaction solutions also protect payments, access, identity and assets. With INSIDE security systems on silicon, customers can embed the optimum level of security needed to deliver trusted products.

INSIDE Secure is a member of major industry standards organizations and global payment and mobility organizations. It has won numerous awards and recognition for innovation from around the world. INSIDE is publicly listed on the NYSE Euronext Paris with headquarters in Meyreuil, France and locations in 11 countries.

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