INSIDE Secure closes agreement with Intel on new NFC technology and IP license
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INSIDE Secure closes agreement with Intel on new NFC technology and IP license

Aix-en-Provence, France, June 16, 2014 – INSIDE Secure(NYSE Euronext: INSD), a leader in embedded security solutions for mobile and connected devices, today announced it has completed the agreement with Intel Corporation which had previously been announced on April 1st.

Under the terms of the concluded agreement, INSIDE Secure has:

INSIDE Secure received from Intel US$ 19.2 million in cash at closing.

In the context of the transaction, certain INSIDE Secure employees based in France and California have joined Intel.

This transaction is fully in line with INSIDE Secure’s strategy to focus on embedded security solutions for mobile and connected devices as well as leverage and monetize its NFC technology and intellectual property rights.



Contact:

Géraldine Saunière
Marcom Director
+33 (0) 4 42 39 33 01
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