Interlink Electronics' E-Signature Solution Adopted by Ford Credit for the Processing of Lease End Documents
Ford Credit Integrates Interlink's ePad and Valyd's eSign To Automate Dealerships Throughout the U.S.
CAMARILLO, Calif.--(BUSINESS WIRE)--March 5, 2002-- Interlink Electronics, Inc. (Nasdaq: LINK - news), the world's leading developer of intuitive interface technologies and solutions for business and home applications, announced today that Ford Credit, a subsidiary of Ford Motor Company (NYSE:F - news), will deploy Interlink's ePad handwritten electronic signature solution at thousands of dealerships throughout the U.S. Ford Credit's ePad implementation, which includes the installation of eSign software from Interlink's industry partner Valyd Inc., will utilize electronic signatures to automate processing of some of its lease end documents.
Interlink's ePad e-signature solution is part of a system-wide transition from paper lease end documents to electronic lease end documents. The processing of thousands of lease end documents yearly will reduce operations costs by providing a handwritten electronic signature that is understood and accepted by the consumer, easy to use, and legally binding.
``Electronic signature solutions, like that offered by Interlink's ePad and Valyd's eSign signature software, are being deployed by larger companies to enable customer hand-signing of electronic forms and applications,'' said Srinivas Sreeramaneni, president of Valyd, Inc. ``Motivated by sharp reductions in processing costs and transaction times, companies are leveraging their investment in information systems to carry more revenue directly to the bottom line.''
``We are witnessing the beginning of a trend,'' added Rod Vesling, vice president of sales and marketing, electronic transactions, Interlink Electronics, ``a transition on the part of larger companies from paper to electronic documents at the brick and mortar level. Our ePad sales strategy targets exactly these opportunities as well as those created by government agencies and companies automating consumer forms, worldwide.''
Interlink Electronics' ePad solution captures the handwritten signature converting it to a biometrically-secure e-signature for use in electronic forms and transactions. By providing user-intuitive electronic signatures, ePad enables enhanced workflow, reduced operations costs and faster document processing times.
ePad e-signatures may be permanently bound into Microsoft® Word® documents, Outlook® e-mail messages, Adobe® Acrobat® PDF files, Internet documents, and many proprietary forms and transactions. ePad's e-signatures also contain a biometric handwriting profile that may be used to authenticate the identity of the signer. The ePad writing surface, which accepts signatures using any common stylus, has the natural feel of writing on paper.
About Interlink Electronics
Interlink Electronics, Inc. is the world's leading developer of intuitive interface technologies and solutions for business and home applications. Innovative products include electronic signature solutions for B2B, point-of-sale and consumer applications, interactive remote controls for business communications and broadband home entertainment markets, and integrated interface solutions for specialty and consumer electronics products.
Interlink Electronics' customers include Compaq, InFocus, Microsoft, Mitsubishi, NEC, Pioneer, Sanyo, Sharp, Sony, and Toshiba. In the electronic transactions market, the company's industry partners include Bluepoint Solutions, Cardiff, Communications Intelligence Corporation (CIC), Silanis Technologies, and Valyd Inc. Interlink Electronics maintains offices in Camarillo, California, Tokyo and Hong Kong, and is available online at http://www.interlinkelectronics.com/,
or in Japan at http://www.interlinkelec.co.jp/
About Ford Credit
Ford Credit is a wholly owned subsidiary of Ford Motor Company and is the world's largest automotive finance company. Now in its 43rd year, Ford Credit provides vehicle financing in 38 countries to more than 10 million customers and more than 12,500 automotive dealers. More information about Ford Credit can be found at http://www.fordcredit.com/
Valyd is a leader in providing software solutions that verify ``who signed what, when, where and why.'' Headquartered in Campbell, CA (Silicon Valley), the company has delivered several product generations of signature capture/verification and document security products. Its eSign software development kit allows independent developer/integrators to add electronic signature authentication to their own software products and solutions. Valyd is available online at http://www.valyd.com
From time to time the Company may issue forward-looking statements that involve a number of risks and uncertainties. The following are among the factors that could cause actual results to differ materially from the forward-looking statements: business conditions and growth in the electronics industry and general economies, both domestic and international; lower than expected customer orders; delays in receipt of orders or cancellation of orders; competitive factors, including increased competition, new product offerings by competitors and price pressures; the availability of third party parts and supplies at reasonable prices; changes in product mix; significant quarterly performance fluctuations due to the receipt of a significant portion of customer orders and product shipments in the last month of each quarter; and product shipment interruptions due to manufacturing problems. The forward-looking statements contained in this document regarding industry and revenue trends, new markets, new product introductions, technology adoption, and future business activities should be considered in light of these factors.
Note to Editors: All registrations and trademarks are properties of their respective owners
Interlink Electronics, Inc. (805) 484-8855 http://www.interlinkelectronics.com/
Keith M. Roberts
Director, Corporate Communications