| Sector |
SensorTech
|
|---|---|
| Region |
St Asaph UK, Eindhoven The Netherlands
|
| Stage |
Commercialisation
|
| Fund | Technology Growth EIS |
| Target Raise |
£1.2m
|
Developing proprietary technology for the biometric identity authentication industry.
The Investment Opportunity
Touch Biometrix has designed a new range of fingerprint sensors that can be easily integrated into smart objects and mobile devices for a more convenient and secure identity authentication experience. The proprietary technology is set to disrupt the world of fingerprint sensing with a range of conformal, ultra-thin fingerprint sensors that are manufactured on plastic and can be made to any shape or size.
The Company’s fingerprint sensing platform enables people to touch their device and be recognised instantly using its proprietary algorithms designed to offer unbeatable security, at a fraction of the cost of existing silicon-based fingerprint sensing technology.
Biometric identity authentication is a globally growing market and is outsmarting every other security measure due to the vast improvements it offers for the overall ergonomic user experience. These high-performance, low-cost sensors presents an unprecedented product offering, and the conformability of the plastic material used opens a myriad of product applications across multiple verticals.
Since incorporation, the Company has worked to ensure that there is robust IP protection in place and the business now holds an extensive patent portfolio.
The Company is now engaged with a leading Japanese multinational electronics brand on a two-year Joint Development Agreement, who will manufacture Touch Biometrix’s initial products.
Milestones to Date
| 2018 | Deepbridge initially invested in March 2018 via the Deepbridge Innovation SEIS. Team expansion with two key hires including a Chief Innovation Officer. |
|---|---|
| 2019 | SMARTCymru feasibility grant awarded of £16k to investigate market demand in addition to a SCORE grant of £5k. |
| 2020 | A 2-year development agreement signed with a major consumer electronics brand production partner. Offices opened in Taiwan and Eindhoven, Germany. Team announces partnership with Dolphin Design, leading company in semiconductor IPs and platform solutions. |
| 2021 | Prototyping and POC development progressing to plan with consequential growth in industry interest. |
Risks and Important Information
This page is a financial promotion for the purposes of Section 21 of the Financial Services and Markets Act 2000. The content of the page has been approved by Deepbridge Capital LLP. The Company may not gain the commercial traction that is forecast, it could experience development problems and may not be able to achieve its objectives. Please note that these risks are by no means exhaustive and there may be other risks which could have a material adverse impact on the Company’s financial performance. The content should not be construed as financial advice. Any decision to invest should be made only on the basis of the relevant documentation for each investment. Past performance is not necessarily a guide to future performance. The value of an investment may go down as well as up and investors could lose the total value of their investment. Investments in small unquoted companies carry a high- level of risk. These investments are highly illiquid and as such, there may not be a readily available market to sell such an investment. Tax treatment depends on the individual circumstances of each investor and may be subject to change in future. The availability of tax reliefs depends on the Company invested in maintaining its qualifying status. Deepbridge does not provide specific individual advice on the suitability of investments with regard to a potential investor’s individual circumstances, risk tolerance or investment objectives and investors should seek independent financial advice if they are in any doubt whether a product is suitable for them.