Published on March 23, 2009
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Contacts:
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Stephan
Rohaly
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Darby
Dye
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Chief
Financial Officer
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Investor
Relations–US
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+49
89 95 95 5101
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510
249 4883
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srohaly@scmmicro.de
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ddye@scmmicro.com
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SCM
MICROSYSTEMS ANNOUNCES ADJOURNMENT OF
SPECIAL
MEETING
ISMANING, Germany, March 23,
2009 – SCM Microsystems, Inc. (NASDAQ: SCMM; Prime Standard, SMY), a
leading provider of solutions that open the Digital World, today announced the
adjournment of its special meeting held March 23, 2009 without a vote taken on
the proposal to approve the issuance of shares of SCM common stock and warrants
to purchase shares of SCM common stock in connection with the Company’s proposed
merger with Hirsch Electronics Corporation. The meeting has been
adjourned until 10:00 a.m. on Thursday, April 16, 2009 at SCM’s U.S. office
located at 41740 Christy Street, Fremont, California 94538, at which time SCM
stockholders will vote on the proposal.
About
SCM Microsystems, Inc.
SCM
Microsystems is a leading provider of solutions that open the Digital World by
enabling people to conveniently access digital content and services at work, at
home and in the marketplace. The company develops, markets and sells the
industry’s broadest range of smart card reader technology for secure
authentication of individuals by computers, networks and facilities. The
company’s customers include OEMs, governments and enterprises worldwide.
U.S. headquarters are in Fremont, California; global
headquarters are in Ismaning, Germany. For additional information, visit the SCM
Microsystems website at www.scmmicro.com.
Important
Information
In
connection with the proposed merger transaction involving SCM Microsystems and
Hirsch Electronics, SCM has filed with the Securities and Exchange Commission
(“SEC”) a registration statement on Form S-4 (No. 333-157067), which was
declared effective on February 13, 2009. The definitive joint proxy
statement/information statement and prospectus dated February 13, 2009 was first
mailed to stockholders of SCM Microsystems and shareholders of Hirsch
Electronics on February 18, 2009. SCM has filed other documents
regarding the proposed transaction with the SEC and may file additional
documents regarding the proposed transaction as well. SECURITYHOLDERS
OF SCM AND HIRSCH ARE URGED TO READ THE REGISTRATION STATEMENT, JOINT PROXY
STATEMENT/INFORMATION STATEMENT AND PROSPECTUS, AND OTHER DOCUMENTS FILED WITH
THE SEC REGARDING THE PROPOSED MERGER CAREFULLY AND IN THEIR ENTIRETY WHEN THEY
BECOME AVAILABLE BECAUSE THEY CONTAIN AND WILL CONTAIN IMPORTANT INFORMATION
ABOUT THE PROPOSED TRANSACTION.
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The
definitive joint proxy statement/information statement and prospectus has been
mailed to SCM’s stockholders and Hirsch’s shareholders. Stockholders
of SCM and shareholders of Hirsch may obtain a copy of the joint proxy
statement/information statement and prospectus, as well as other filings
containing information about SCM and Hirsch, without charge, at the SEC's
Internet site (http://www.sec.gov). Copies
of the joint proxy statement/information statement and prospectus can also be
obtained, without charge, from the SCM corporate website at www.scmmicro.com, or
by directing a request to SCM Microsystems, Inc., Attention: Investor Relations,
41740 Christy Street, Fremont, California 94538 or Hirsch Electronics Corp, 1900
Carnegie Avenue, Bldg B, Santa Ana, California 92705, Attention:
Secretary.
In
addition to the documents described above, SCM files annual, quarterly and
current reports, proxy statements and other information with the SEC, which are
available at the SEC’s website at www.sec.gov or at
SCM’s website at www.scmmicro.com.
THIS
COMMUNICATION IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER
TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES, NOR SHALL THERE BE
ANY SALE OF SECURITIES IN ANY JURISDICTION IN WHICH SUCH SOLICITATION OR SALE
WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES
LAWS OF SUCH JURISDICTION.
SCM
Microsystems and its directors, executive officers and other employees may be
deemed to be participants in the solicitation of proxies from the stockholders
of SCM in connection with the proposed transaction. Information about
SCM’s directors and executive officers is available in the joint proxy
statement/information statement and prospectus and other materials referred to
in the proxy statement/prospectus.
Forward
Looking Statements
This communication contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, regarding the
prospective merger of SCM and Hirsch and other statements that are not
historical facts. For a
discussion of further risks and uncertainties related to SCM’s business, please
refer to our public company reports and the Risk Factors enumerated therein,
including our Annual Report on Form 10-K for the year ended December 31, 2007
and subsequent reports, including our Quarterly Report on Form 10-Q for the
period ended September 30, 2008, filed with the SEC. SCM undertakes
no duty to update any forward-looking statement to reflect any change in SCM’s
expectations or any change in events, conditions or circumstances on which any
such statements are based.
Note: The
SCM logo is a trademark of SCM Microsystems, Inc. Additional company
and product names may be trademarks or registered trademarks of the individual
companies and are respectfully acknowledged.
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