STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Fingerprint Cards’ (FPC) (STO:FINGB) leading-edge technology has been selected by the global leader in financial information services for use in its product range of biometric authentication devices for the financial market. The financial market imposes the highest demands and requirements on security and the ability to meet the customer’s standards for high quality and performance were key factors in the selection of FPC as a supplier. Various authentication products featuring the world’s smallest and most power-efficient fingerprint sensor, FPC1080A, are planned to be launched in the second half of 2013.
The financial information services company is aiming to increase the performance of existing and next-generation fingerprint-enabled devices by using FPC’s world-leading sensor technology. The customer provides solutions to the financial market for monitoring and analyzing financial trade data. One special solution is a service that allows monitoring and analysis of financial market data and execution of trades in real time. To ensure that only authorized users access these tools and to link transactions to a specific individual, biometric fingerprint authentication is used. The customer’s requirements for high security make the selection of capacitive fingerprint sensor technology a natural decision. The choice of FPC1080A confirms the leading market position that FPC occupies as a supplier of sensor technology and solutions for which image quality, robustness and low power consumption are of the essence.
Comment from Johan Carlström, President and CEO of FPC:
“We are extremely proud and excited at being selected as supplier of fingerprint technology to this global leader in financial information services and for its range of biometric authentication devices. Since the financial market is FPC’s core vertical market, it is strategically important. Based on our successful experience in the Chinese financial market, we have been able to win this break-through deal in the very important US market. We opened up our North American office as late as November 2012 and we have already seen success from this investment. We are confident that we will announce several more design wins in North America during 2013.”
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) 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 January 28, 2013, at 1:00 p.m.
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