Wednesday, August 6, 2008

Lumidigm Lands Strategic Investment from Methode

Lumidigm Inc., an Albuquerque, N.M.-based manufacturer of biometric sensors, announced Wednesday that it has received a strategic investment from automotive supplier Methode Electronics Inc. A specific dollar amount was not disclosed. Lumidigm said its strategic partnership with Methode also includes joint development of multiple projects and the intent to bring biometric functionality to new markets, including the transportation sector. Methode is a producer and supplier of components and subsystems for the automotive industry. The Chicago-based corporation joins Intel Capital and Motorola Ventures as Lumidigm\'s current strategic investors, Lumidigm said, adding that its other investors include DFJ New England, Epic Ventures, the International Venture Fund and Draper Fisher Jurvetson.