Link Motion Integrates Irdeto's Vehicle Access and Safety Solution 'Keystone' into its CarBrain Platform
BEIJING, March 14, 2018 /PRNewswire/ -- Link Motion Inc. ("Link Motion" or the "Company" NYSE: LKM), a leading smart car and smart ride company, has reached an agreement with Irdeto, the world leader in digital platform security to integrate its new smartphone-based secure vehicle access and safety solution, Keystone, into the Link Motion CarBrain platform. Automobile OEMs that implement Link Motion's CarBrain will now provide consumers with the simplicity they expect to safely manage and operate today's connected cars and autonomous vehicles, especially in new ride-sharing business models.
"Traditional business models are rapidly changing with the development of the software-defined car and autonomous features," said Pasi Nieminen, Vice President of Link Motion. "Most OEMs don't want to source their technology offerings with multiple vendors, but rather integrate one technology platform that can deploy all offerings. By combining Keystone with CarBrain, we provide OEMs with a joint solution they want to ensure their product offerings keep up as OEM business models change. We also look forward to including these features in our own smart ride business as well."
Announced in collaboration with Conjure at CES 2018, Keystone is a mobile phone enabled, fully secure, policy-based vehicle access, sharing and safety solution. By integrating the solution into the Link Motion CarBrain platform, OEMs are able to provide consumers with the ability to customize their driving experience by sharing keys with authenticated drivers, including teen drivers, family, friends, valets, parcel delivery people and many others while setting rules around the usage of the vehicle. From controlling the speed limit of the car, time of use, geolocation, trunk or glove box access, number of passengers in the vehicle and much more, car owners have the flexibility and freedom to customize their driving experience by enforcing vehicle usage policies.
"Consumers want simplicity in their lives and expect a safe driving experience whenever they get behind the wheel," said Daniel Thunberg, Global Head, Connected Transport, Irdeto. "Keystone provides consumers with both the simplicity they desire and the safety and security they expect by combining their mobile phone, wallet/purse and car key into one smart mobile device. By integrating Keystone into their CarBrain, Link Motion is offering OEMs with one solution that addresses all of these consumer expectations while also enabling them to implement future-proof business models."
Combining secure, tamper-proof policy management that prevents a multitude of potential vehicle hacks, Keystone provides car and fleet owners with the ability to securely and intuitively provision and manage a host of new car sharing/car riding experiences. From enabling the next-generation of autonomous fleets to the implementation of mobility-as-a-service and transportation-as-a-service, Keystone gives OEMs the freedom to implement these business models by ensuring their ability to securely manage and control the services offered in the vehicle. By integrating Keystone into its CarBrain, Link Motion is protecting policies assigned to vehicles and preventing tampering of vehicle software to enforce additional revenue streams for OEMs. In addition to security and robust performance standards, the Keystone solution also allows fleet and ride sharing companies to delight their customers by automatically activating preferred car settings based on their profile among other flexible and convenient settings.
To learn more about Keystone, please visit: www.keystone-security.com
About Irdeto
Irdeto is the world leader in digital platform security, protecting platforms and applications for media & entertainment, connected transport and IoT connected industries. Our solutions and services enable customers to protect their revenue, create new offerings and fight cybercrime. With nearly 50 years of expertise in security, Irdeto's software security technology and cyber services protect over 5 billion devices and applications for some of the world's best-known brands. Our unique heritage as a subsidiary of multinational media group Naspers (JSE: NPN) means that we are a well-established and reliable partner to help build a more secure future. Please visit Irdeto at www.irdeto.com.
About Conjure
Conjure is a digital experience company with a strong track record developing daring, original applications for emerging technology platforms, harnessing the opportunities they present to our global client base of major brands and disruptive startups. We don't just create apps, we also develop and maintain back-end and content management systems, as well as analytics tools that measure business return. Through multiple programs for the automotive and motorcycle industry, we have developed a class-leading HMI design and development process.
About Link Motion Inc.
Link Motion Inc. ("Link Motion" or the "Company" NYSE: LKM) is a leading smart car and smart ride company. Link Motion's portfolio of offerings includes enabling technology solutions and secure connected carputers for the ecosystem of car businesses, consumer ride sharing services, as well as legacy mobile security, productivity and other related applications. For more information on Link Motion, please visit www.lkmotion.com.
Forward Looking Statements
This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on management's current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.
Investor Relations:
MZ North America
Chris Tyson
Managing Director
949-491-8235
LKM@mzgroup.us
www.mzgroup.us
Luke Zimmerman
Senior Associate
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