Thursday, September 07, 2006

Secured Digital to invest in through-glass touch screen maker Kioskmedia

From this press release:

Secured Digital Applications, Inc. (OTCBB:SDGL) today announced that it had executed an agreement to acquire a majority stake in a joint venture agreement with Kioskmedia, Sdn Bhd, a leading provider of free-standing, interactive displays and kiosks in Southeast Asia.

Secured Digital, a global media production company, will hold 75 percent of a new joint venture company to which Kioskmedia will contribute its assets and existing contracts. Kioskmedia has developed and installed interactive kiosks and free-standing interactive displays in six countries in Southeast Asia and Europe.

Secured Digital and Kioskmedia will jointly develop and market a new line of interactive display products in Asia that utilize through-glass technology and free-standing digital signage. The joint venture will also provide a network of free-standing payment kiosks, which are popular in Asia.

Secured Digital will inject $450,000 for its 75% stake in the joint venture company. The venture is projected to generate $600,000 income during its first year of operations.
Of course, through-glass technology is what powered the remarkably successful technology demo at the Ralph Lauren Polo store in NYC this year, so as the price becomes more affordable I'd certainly expect to see more retailers experiment with it, simply for the "wow" factor.

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