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Synaptics (SYNA) Launches ClearPad Automotive Solutions

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Synaptics Inc. (SYNA - Free Report) yesterday launched its novel ClearPad automotive solutions that include three touchscreen controllers.

The ClearPad automotive touch controllers are based on the company’s human interface technology. The three controllers named S7880, S7881, and S7882 have a number of innovative features like proximity detection and pressure-sensing ClearForce technology. In addition, the touchscreen sensors are programmed to assess performance even under unconventional circumstances like a user wearing gloves or with moisture on their hands or on the screen.

As of now, these products are in the sampling phase and mass production is expected to begin in the fourth quarter of 2016.

Apart from the robust design, the company has also taken care to meet stringent regulatory standards of the auto industry. The company already has QMS certification to ISO 9001 and its supply chain complies with TS-16949 norms.  These new solutions meet the required standards for automotive electromagnetic compatibility (ISO 11452), Automotive Electronics Council (AEC-Q100) for operations in harsh environmental conditions and are supported by PPAP documentation.

As the press release stated “The auto industry is rapidly changing and Synaptics is focused on continual investments in this space. Our industry-leading and broad automotive portfolio is unmatched with innovative touch, display and biometrics products and we are very excited about the global interest from our Tier 1 and OEM customers.”

Synaptics is primarily engaged in developing human interface solutions for a wide array of mobile computing and communications devices and is one of the leading suppliers of TouchPads to the notebook computer market. The company’s clientele includes Apple Inc (AAPL - Free Report) , Samsung , Huawei and Lenovo (LNVGY - Free Report) among others.

In Jun 2016, the company had initiated a series of restructuring changes amid a sluggish macro backdrop, weakness in smartphone market and stiffening competition.

SYNAPTICS INC Price and Consensus

SYNAPTICS INC Price and Consensus | SYNAPTICS INC Quote

At present, the company carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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