STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Fingerprint Cards (STO:FINGB)(FPC) has completed integration of FPC’s algorithm and swipe sensor into the embedded Secure Element from Infineon Technologies. The primary solution will be plug & play for mobile NFC solution providers to enable secure access and transactions in mobile phones and tablets. The potential and targeted market for these applications will be several hundred million units in the next three years.
FPC and Infineon are adding fingerprint technologies to Infineon’s Embedded Secure Elements, further increasing transaction security. As part of this work, FPC has made special adaptations to optimize the fingerprint algorithm performance specifically for securing transactions in the Secure Element, while minimizing the memory footprint and use of processor capacity. FPC is also adding its newly developed Android applications for mobile payments, making mobile payments extremely user friendly for mobile users.
Juergen Spaenkuch, Vice President and General Manager Platform Security of the Chip Card & Security Division at Infineon Technologies, comments: “We are very happy about the cooperation with Fingerprint Cards. With Fingerprint Cards, we have an additional partner for secure applications on board. Furthermore, this helps us to generate more added value for our customers.”
Comments from Johan Carlström CEO of FPC: “Secure Elements is a core component when enabling secure mobile transactions and Infineon is the world’s largest supplier of Secure Elements. We are very excited to jointly work with Infineon to enable 100% secure transactions in NFC-enabled mobile phones, tablets and other applications. FPC’s solution is uniquely positioned to work in a Secure Element with its low power consumption, small memory footprint and efficient use of processor capacity.”
About Fingerprint Cards AB (publ)
Fingerprint Cards AB (FPC) markets, develops and produces biometric components and technologies that through the analysis and matching of an individual’s unique fingerprint verify the person’s identity. The technology consists of biometric sensors, processors, algorithms and modules that can be used separately or in combination with each other. The competitive advantages offered by the FPC’s technology include unique image quality, extreme robustness, low power consumption and complete biometric systems. With these advantages and the ability to achieve extremely low manufacturing costs, the technology can be implemented in volume products such as smart cards and mobile phones, where extremely rigorous demands are placed on such characteristics. The company’s technology can also be used in IT and Internet security, access control, etc.
Fingerprint Cards AB (publ), P.O. Box 2412, SE-403 16 Gothenburg, Sweden www.fingerprints.com
Fingerprint Cards AB (FPC) is listed on Nasdaq OMX Stockholm (FING B) and has its head office in Gothenburg, Sweden. Fingerprint Cards AB (publ) discloses this information pursuant to the Swedish Securities Market Act (2007:528) and the Swedish Financial Instruments Trading Act (1991:980). The information was issued for publication on November 12, 2012, at 08:00 a.m.
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