Interlink Electronics and Laser App Partner to Provide
eSignature-Ready Financial Forms
Representatives with KMS Financial Services, Inc. are the first
to benefit from a straight-through-process.
Camarillo and Upland , CA, July 11, 2007 Interlink Electronics Inc. and Laser App Software announce today that thousands of standard financial services forms can now seamlessly integrate the e-signature functionality of Interlink's IntegriSign software. Independent agents and representatives equipped with an Interlink ePad signature capture device and Laser App software can securely capture their clients e-signature. KMS Financial Services, Inc. is the first broker-dealer to benefit from a straight-through-process with its representatives.
A complete end-to-end electronic process with broker-dealers can significantly increase productivity for the over 2 million independent agents and representatives in the United States, explains Mr. Rod Vesling, Vice-President of Sales and Marketing with Interlink Electronics Inc. Enabling a straight-through-process (STP), eliminates the inefficiencies associated with the printing and mailing of documents.
Straight-through-processing is a current NAVA (National Association for Variable Annuities) initiative. The goal is to develop a set of standards and processes that enable electronic documents to circulate from the consumer to the broker-dealer and finally to the product companies.
By adding e-signature capabilities to Laser App Software, agents reap all the benefits of an end-to-end electronic process: greater efficiency, increased compliance and cost-savings, explains Mr. Robert Powell, Marketing Director with Laser App Software. But automating the process between the broker-dealer and the representatives is just the beginning; Interlink Electronics and Laser App are working with the product companies to ensure that the straight-through process is maintained when the form is forwarded to them from the broker-dealer.
First to deploy the solution is KMS Financial Services, Inc., a privately owned broker/dealer with 360 registered representatives nationwide. We saw the e-signature-enabled Laser App forms as a key advantage for us on two levels, explains Cai Campbell, VP Information Systems at KMS. An efficient electronic transaction will help our representatives offer better customer service. And the focus on generating business rather than managing paper can help us attract qualified, experienced representatives.
eSignature Functionality
With the use of the IntegriSign Software Developer Kit (SDK), Laser App can e-signature-enabled their library of financial and broker-dealer forms. Once the signature is securely transferred from the ePad, IntegriSign encrypts and permanently embeds the signature in the document, along with other signature data such as date and time. Agents can use the Interlink ePad-ink to capture their clients e-signature. ePad-ink is an LCD electronic signature capture device that provides interactive visual feedback and an ergonomic design for ease-of-use and true-to-life signature quality. Information such as name, time, date and affirmation text can be displayed for greater signing context. And the ePad-ink's ability to capture the biometric information associated with the individual's signature (X and Y coordinates, signing velocity and pressure) ensures the signature cannot be of repudiated.
About Interlink Electronics Inc.
Interlink Electronics, Inc. (LINK.PK) is a global leader in the design, development and manufacture of human interface products and technologies. Setting tomorrows standards for electronic signature and e-notarization products, advanced remote controls and consumer electronics interface solutions, Interlink has established itself as one of the world's leading innovators of intuitive interface design. With more than 80 patents around the world protecting its technologies and products, Interlink Electronics serves a world-class customer-base from its corporate headquarters in Camarillo, California and offices in Japan, Taiwan, Hong Kong and China.
http://www.interlinkelectronics.com.
For additional information, please contact:
Nathalie Benoit
Interlink Electronics
805-279-2750
Investor Relations Contact:
Michelle Lockard
Interlink Electronics, Inc.
805-484-8855 ext. 114
mlockard@interlinkelectronics.com
Robert Powell
Laser App Software
(800) 985-2174 ext 102
Cai Campbell
KMS Financial Services, Inc.
206-441-2885
All registrations and trademarks are properties of their respective owners. IntegriSign is a registered trademark of Interlink Electronics, inc. This release contains 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; problems or delays in reporting our results of operations to the public; and product shipment interruptions due to manufacturing problems. The forward-looking statements contained in this document regarding industry and review trends, industry product and technology acceptance, product mix and future business activities should be considered in light of these factors.