STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Fingerprint Cards (STO:FINGB) has for some time been working with World Wide Touch Technology (Holdings) Limited and its subsidaries (“WWTT”), a leader in the manufacture and design of fingerprint biometric modules for laptops.
WWTT launched its leading accessories and products featuring the embedded FPC1080A at the CES trade show in Las Vegas in early 2013. The FPC 1080A is to be used in a wide range of tablets and Android mobile phones accessories, as the secured Point-to-Point data-exchange platform. At the same time, WWTT has also developed attractive applications for the consumer market, suitable for both the corporate and government segments.
FPC has received an initial order for 800,000 units of the FPC 1080A to be delivered during 2013, where 400 000 units are for H1 delivery. In parallel, FPC has also received an indication of further increase in demand for the latter part of 2013 and for 2014.
Kelvin Wong, President and Chairman of WWTT, comments:
“We are very happy for having an opportunity to work with FPC, the world leader in high-quality fingerprint solutions especially when it comes to image quality, power consumption and general performance. In view of the importance in preserving data privacy, and together with the support of FPC, we strongly believe the FPC 1080A will be widely accepted by the market as being a device for ‘Security protection at your Fingerprint’.”
Johan Carlström, President and Chief Executive Officer of FPC, comments:
“We are delighted to announce this important Chinese design win with WWTT, which is an innovative and creative manufacturer of attractive mobile phone and tablet accessories. China has huge market potential for various mobile products and, since China has been FPC’s home market for a long period of time, we are in an extremely good position to capitalize on the current explosion in the finger sensor market in mobile devices. In a very short time, WWTT has developed a wide range of attractive accessories for Android-based products using FPC1080A and combined it with very innovative security applications for the consumer segment. We are optimistic that WWTT will be selling these accessories in very high volumes. We also expect several additional design win in China in the coming months”
About World Wide Touch Technology (Holdings) Limited
The company and its subsidiaries (“WWTT”) are principally engaged in the manufacturing of capacitive touch pads mainly used in notebook computers. Since 2007, WWTT has been actively diversifying its products to include capacitive touch screen controllers and modules, fingerprint biometric devices, wireless charging devices and plasma lighting source products. With a vision of being a provider of life technologies to facilitate and improve the daily life of the users, the Group strives to employ cutting-edge technologies in its products and implement strategic development plans in an effort to enlarge its market share and promote the diversification of it product mix. The company has had its primary listing on The Stock Exchange of Hong Kong Limited since December 15, 2010
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, 22258888biometric 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 (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 January 30, 2013, at 4.00 p.m.
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