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Secure Transactions News

Fonelabs to deliver 2 million NFC handsets in 2010

Thursday 10 December 2009

A secure element can then be added to the phones via a secure microSD card provided by Cell-Idea, a Hong Kong based company, to allow supporting payments and transport applications. Also, Fonelabs plans to use NXP's Single Wire Protocol compliant PN544 NFC controller, from Q1/2010, allowing to support NFC-enabled SIM cards.

Fonelabs reaffirms its aggressive price positioning with a 2010 price of US$ 120 (EUR 81) per unit for orders of hundreds or thousands units, and an objective to reach US$ 100 (EUR 67) for larger volumes once the production is launched. The additional secure Micro SD card will be sold for an additional US$ 15 (EUR 10). Fonelabs is already working with Malaysian universities to run pilots in 2010.

Fonelabs was formed by Malaysian and European investors with experience in electronics and consumer products. The company manufacture its products in Malaysia thanks to an access to an integrated manufacturing centre in Johore with 2,700 workers and 15 PCB assembly lines capable of supporting our production needs up to 500k/units per month. Additional contract manufacturing capacities are available in Malaysia and China. Fonelabs has also set up a joint venture contract with Saudi Arabian Television and Mobile Mfg Co. (SatJed) of Saudi Arabia for the assembly and sale of its handsets to Saudi Arabia, GCC countries and Middle East.