Stockholders of SCM Microsystems Approve Proposed Business Combination with Bluehill ID AG
2009-12-21
SANTA ANA, Calif. and ISMANING, Germany, December 21, 2009 – SCM Microsystems, Inc. (NASDAQ: SCMM; Prime Standard: SMY), a leading provider of solutions for secure access, secure identity and secure exchange, announced today that its stockholders have approved the issuance of new shares of common stock in connection with SCM Microsystems proposed business combination with Bluehill ID AG (FSE: BUQ), an industrial holding group for investments in the radio frequency identification (RFID)/identification and security industries.
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Proposed Business Combination Between SCM Microsystems and Bluehill ID Expected to Close in Early 2010
2009-12-19
Over 60% of Bluehill ID Shareholders Have Accepted SCM Microsystems Voluntary Public Exchange Offer to Date
Santa Ana, California and Ismaning, Germany, December 18, 2009 – SCM Microsystems, Inc. (NASDAQ: SCMM; Prime Standard: SMY), a leading provider of solutions for secure access, secure identity and secure exchange, announced today that 62% of Bluehill ID AG (FSE: BUQ) shareholders have now tendered their shares in response to SCM Microsystems voluntary public exchange offer to acquire all outstanding shares of Bluehill ID in order to effect a business combination between the two companies. The acceptance figure is based on the current acceptance levels as communicated by the custodian banks. The acceptance period began on November 21, 2009 and will end on December 29, 2009 at midnight CET. Given the acceptance rate achieved to date, it is currently anticipated that the required 75% of Bluehill ID shares will be tendered in accordance with the terms of the offer and the transaction will close in early 2010.
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SCM Microsystems Reports Third Quarter 2009 Results
2009-11-16
Acquisition Strategy Drives Revenue Growth
SANTA ANA, Calif. and ISMANING, Germany – November 16, 2009 – SCM Microsystems, Inc. (NASDAQ: SCMM, Prime Standard: SMY), a leading provider of solutions for secure access, secure identity and secure exchange, today announced results for its third quarter ended September 30, 2009. In the second reporting period following SCM Microsystems merger with Hirsch Electronics Corporation, revenue more than doubled, reflecting the success of the Company’s strategy to increase its revenue by expanding its customer base and market reach through acquisitions and market investment.
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SCM Microsystems Announces Effectiveness of Registration Statement on Form S-4 and Setting of Record Date for Special Meeting
2009-11-13
SANTA ANA, Calif. and ISMANING, Germany, November 13, 2009 – SCM Microsystems, Inc. (NASDAQ: SCMM; Prime Standard, SMY), a leading provider of solutions for secure access, secure identity and secure exchange, today announced that on November 12, 2009, its Registration Statement on Form S-4, relating to the previously announced proposed business combination of SCM Microsystems and Bluehill ID, was declared effective by the United States Securities and Exchange Commission.
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SCM Microsystems and BIO ID AG Establish Strategic Cooperation
2009-11-12
Multimodal biometric authentication solutions will meet industry demand for stronger data security, access control and personal identification
SANTA ANA, California, ISMANING, Germany, and SACHSELN, Switzerland, November 12, 2009 – SCM Microsystems, Inc. (NASDAQ: SCMM; Prime Standard: SMY) and BioID AG announced today that they have entered into a strategic partnership to create biometric enabled access solutions, beginning with the joint development of biometric authentication solutions for IT security. SCM Microsystems expertise in smart card reader technology and other authentication hardware, combined with BioID’s state-of-the-art face, iris and voice recognition technology will enable strong, reliable, and convenient user authentication for enterprise, government and consumer applications. In addition, SCM Microsystems vast reseller network and direct relationships with government and enterprise clients offer established distribution channels for these new solutions.
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