Solicore Pairs with HierStar to Power Chinese Thin Card Electronics Market

LAKELAND, Fla. — Solicore has entered into an exclusive three-year, multi-million unit distribution agreement with HierStar, a leading Chinese contract manufacturer, to provide their paper-thin ultra-flexible Flexion® battery for use in display card applications such as one time password (OTP) cards. OTP cards generate unique passwords with each use, adding valuable security to online banking, Smart Card and OTP-enabled credit and debit card transactions.

This significant agreement marks Solicore’s entry into the Asian market. With hundreds of sales agents in four regions and thirty-four cities, HierStar provides Solicore with access to the entire Chinese market. HierStar will have exclusive distribution rights for all OTP card business originating in China and non-exclusive distribution rights to all other vertical markets in China.

“Creating a presence in the Asian market is a major accomplishment for Solicore. Our innovative technology, coupled with HierStar’s vast network, provides a unique opportunity to rapidly develop the market,” says Solicore Executive Vice President, James P. McDougall. “We are extremely excited to be building the Flexion brand early in China’s relatively young market and further establishing Solicore’s global presence.”

General Manager, Max Wong of HierStar adds, “Innovation is the engine that drives our company, and we actively seek partners who provide fresh, creative products and solutions to meet today’s consumers’ needs. Flexion batteries’ quality and performance are in line with our company’s standards, making them the natural choice to power any of our world-class products.”

HierStar is a leading manufacturer of a wide range of products, including OTP cards, two factor authentication tokens and security and other electronics. At less than a half-millimeter thick, Solicore’s ultra-thin flexible Flexion batteries make an ideal partner for all OTP and Smart Card applications. The complete Flexion portfolio, along with Solicore’s full product line, can be found at www.solicore.com.

About Solicore, Inc.

Solicore is a worldwide leader of embedded power solutions, offering its Flexion® product portfolio of advanced ultra-thin flexible lithium polymer batteries for powered cards, RFID and micro medical devices. Solicore’s advanced battery technology is ultra-thin, flexible, safe and environmentally friendly, and significantly enhances the capabilities of lithium-based batteries. For more information, visit www.solicore.com.

About HierStar

HierStar was founded by a group of IT professionals and technology experts in the US and China to address the needs of small to medium technology firms in North America seeking a presence and infrastructure in China. HierStar is partnered with the third largest electronics company in China, Hisense Ltd., an e-conglomerate with worldwide presence and operations. They have established sales channels throughout China. For more information, visit www.hierstar.com.