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eLynx Forms Strategic Partnership with Interlink Electronics® — Alliance Adds Handwritten Electronic Signature Support to eLynx’s expedite™ Platform
May 13, 2008
CINCINNATI – May 13, 2008 – eLynx, a portfolio company of American Capital Strategies Ltd. (NASDAQ: ACAS), and provider of the most widely used secure electronic document communications network for the financial services industry, announced today it has entered into a strategic partnership with Interlink Electronics®, a leading provider of electronic signature technology. As electronic processing continues to mature, the two companies are emerging as the clear leaders in the broader financial services market in eliminating paper and reducing operational expense from critical key business processes.
“Leading financial services organizations rely on eLynx’s expedite™ platform to implement Web-based electronic processes,” explains Sharon Matthews, eLynx president and CEO. “In order to leverage eLynx’s capabilities across all of their business processes – including lender, underwriter and customer-facing applications – our clients want the added ability to capture handwritten electronic signatures. By ensuring that eLynx’s solution and Interlink’s ePad technology work together seamlessly ‘out-of-the-box,’ we can deliver smooth, efficient deployment and ease of use.”
More than 600 financial institutions use eLynx's expedite™ integrated platform of electronic document processing services, including 17 of the top 20 mortgage lenders and 100 insurance carriers. In 2007 alone, 12 million financial contracts were completed with eLynx services, and the company has surpassed two billion pages delivered electronically. Likewise, more than 750 million eSignatures were captured using Interlink's electronic signature hardware and software solutions and more than 75,000 insurance agents worldwide are using Interlink’s technology to capture customers’ electronic signatures in the field. The combination of the two companies' offerings will provide financial services organizations with the most comprehensive eSignature solution possible.
“Financial services organizations are looking for flexibility in the way they implement electronic signature technology,” explains Rod Vesling, senior vice president and officer for eTransactions at Interlink Electronics. “By adding support for Interlink’s handwritten electronic signature capture technology, eLynx is expanding the deployment options for its expedite platform.”
Adds Matthews, “Financial services executives who incorporate eSignature into their operations realize significant cost savings and increased efficiencies. The combination of Interlink's electronic signature technology with eLynx's wide-reaching secure network for electronic document communications is a perfect fit for the customers we share today, as well as tomorrow.”
About eLynx
eLynx, a portfolio company of S&P 500 member American Capital Strategies Ltd. (NASDAQ: ACAS), provides the most widely used network for electronic document communications services for the financial services industry. Enterprises use eLynx to capture and maintain data electronically throughout the document life cycle, automating paper-intensive processes, improving workflow, reducing costs and ensuring compliance with industry regulations. eLynx serves more than 600 financial institutions, including 17 of the top 20 mortgage lenders, and more than 100 insurance carriers in the United States. eLynx enables more than 65 percent of the nation’s mortgage closings. In addition, more than 4,000 enterprises worldwide with more than 4 million users in a broad spectrum of industries use eLynx's print management solutions. The company, founded in 1994, operates nationally with headquarters in Cincinnati, Ohio and offices in Portland, Oregon, along with redundant data centers in Beaverton, Oregon and Chicago, Illinois. For more information, visit www.elynx.com.
About Interlink Electronics Inc.
Interlink Electronics, Inc. [OTC:LINK.PK] provides the financial services industry as well as the healthcare and government sectors with the electronic signature platform needed to eliminate paper from critical business processes. Interlink's complete solution, which includes eSignature software, hardware, and services, allows organizations to implement end-to-end electronic processes no matter where the signing takes place: in-branch, in-the-field or online. Interlink Electronics is also known for its family of MicroNav products, powered by the company's patented Force Sensing Resistor (FSR) technology and integrated in handheld consumer electronics devices. Headquartered in Camarillo, California, Interlink Electronics, Inc. also has offices in Japan, Hong Kong, and China. For more information, visit www.interlinkelectronics.com/esign.
For information, please contact:
Robert Nilsson
Vice President of Marketing and Market Development
eLynx
rnilsson@elynx.com
Beverly Bartley
Martopia
Vice President of Communications
Media contact for eLynx
bbartley@martopia.com
Nathalie Benoit
Marketing Director
Interlink Electronics
nbenoit@interlinkelec.com