El Dorado Hills, CA (PRWEB) July 18, 2005
The leading designer of innovative analog input devices for consumer electronic products, Varatouch, today announced its newest licensee will be Hankuk Polytech Corporation, a Korean-based manufacturer of silicone keypads, poly dome switches, flexible PCBs, membrane switches and other components for the handheld consumer electronic industry.
Hankuk Polytech has agreed to license VaratouchÂs patented Vsense Â technology to develop, manufacture, market, distribute and support human interface devices for the Media Player, MP3 player and advanced remote control marketplace - a new and expanded market segment for Varatouch.
ÂVaratouchÂs analog HID technology is enabling the convergence of many advanced applications. The low-power consumption, design flexibility and small form factor of this technology are exactly what our customers have been asking for,Â says Jackie Choi, President of Hankuk Polytech Corporation.
Via this license agreement, Varatouch will provide pre-validated reference designs for analog joysticks, navigation discs, and touchpads. Hankuk Polytech will market, manufacture and distribute these analog interface technologies with the goal of replacing ineffective digital input devices currently being offered today. Hankuk Polytech has paid Varatouch an undisclosed Âright-to-marketÂ fee of hundreds of thousands of dollars and will pay Varatouch a royalty for every unit sold to OEMs/ODMs.
ÂHankuk Polytech has a stellar reputation in the Asian components industry,Â says Craig Vachon, CEO of Varatouch. ÂTheir strong relationships with Asian OEMs, innovative approach and Chinese manufacturing facilities give them a strong edge in the marketplace. It is relationships like these that will continue to allow Varatouch to scale successfully within current markets and expand into new ones.Â
Varatouch is an intellectual property company dedicated to the design of innovative analog input devices. VaratouchÂs patented Vsense Â technology enables our partners to exclusively develop, market and manufacture low cost, simple and reliable human interface solutions for consumer electronic products. Working with our distribution and manufacturing partners, including ITT/Cannon, Mitsubishi and Shin Etsu Polymer, and now Hankuk, we together make it a better experience for consumers to interface with technology in everyday life. Varatouch is headquartered in El Dorado Hills, CA
About Hankuk Polytech Corporation:
Hankuk Polytech, established in 1997, is based in Seoul Korea and has manufacturing facilities in Guang Dong, China. In 2004, Hankuk Polytech sold more than $120 million in silicone keypads and dome switches to the consumer electronic marketplace.
Safe Harbor Statement:
The statements contained herein which are not historical facts are considered forward-looking statements under federal securities laws. Such forward-looking statements are based on the beliefs of our management as well as assumptions made by and information currently available to them. Varatouch has no obligation to update such forward-looking statements. Actual results may vary significantly from these forward-looking statements based on a variety of risk factors. These important risk factors are described in VaratouchÂs website Â - Safe Harbor Statement.