04/12/2013
Crocus signs agreement with Brazilian Valid
Grenoble, France and Rio de Janeiro, Brazil
Valid selected Crocus’ CT32MLU1200 and CT32MLU_LTE to use its new disruptive Magnetic Logic Unit(TM) (MLU) technology that brings high performance and better security compared to existing microcontrollers traditionally used in smart cards.
Financial details about the agreement were not disclosed.
“Valid is among the leading smart card makers in Brazil. We are pleased that it has selected Crocus to supply secure microcontrollers to develop its next-generation smart card,” said Alain Faburel, VP security business at Crocus Technology. “Brazil is a growing market for secure transactions and 4G. Our CT32MLU1200 and CT32MLU_LTE products bring the much needed robust level of security, performance and cost-effective solutions to help NFC and LTE market deployment.”