STOCKHOLM, Sweden--(BUSINESS WIRE)--Regulatory News:
Precise Biometrics AB and Fingerprint Cards AB (FPC) have entered into an agreement where FPC will license Precise Biometrics’ fingerprint algorithm to further enhance the performance of FPC world leading capacitive sensors. FPC will bundle the algorithm into existing sensor products, primarily targeting mobile phones and tablets. The bundle will further enhance the performance of FPC sensors in terms of accuracy and speed which are important criteria especially in the fast growing mobile and tablet markets. The integration of Precise Biometrics’ algorithm to FPC products is successfully completed and FPC will start offering the bundled product to its partners and OEM customers in Q3 2013.
Johan Carlström, CEO of FPC said, “FPC selected Precise Biometrics as algorithm partner due to impressive performance of their algorithm in combination with our sensors. We strive to offer the best user experience possible for embedded sensors in mobile phones and tablets. Driven by the largest mobile manufacturers in the world, several hundred million users are, in the next two years, expected to purchase smartphones and tablets with built-in fingerprint sensors. It is of paramount importance to ensure these users a smooth, convenient, and secure user experience, thus the selection of Precise Biometrics as partner in algorithms.”
“We are very pleased to work closely with Fingerprint Cards,” said Thomas Marschall, CEO of Precise Biometrics. “Our evaluation shows that Fingerprint Card’s sensors have outstanding performance, including image quality, power consumption and footprint. Their position as market leader in the mobile phone and tablet space and their many design wins are also impressive. Forecasts by leading analysts of +1.5 billion smartphones being sold already in 2015, as well as clear signs that major players currently are working to include fingerprint sensors in their upcoming products, boosts our positive view on the market in the coming years. We also expect that widespread deployment of fingerprint sensors will positively impact our opportunities within the Match-on-Card business.”
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 August 20 at 08.00 AM CET. Important information Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the constituent information in accordance with the rules and regulations prevailing in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any of the company’s securities in any jurisdiction.
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