Precise Biometrics Has Agreed with US Mobile Operator to Adjust Prices

STOCKHOLM--()--Regulatory News:

In March this year Precise Biometrics (STO:PREC) received a larger order of the mobile smart card reader Tactivo™ from one of largest mobile operators in US. During the summer, Precise Biometrics adjusted the sales prices of Tactivo. The company and the customer have now agreed on a retroactive price reduction.

The price reduction to the customer will have a negative impact on Precise Biometrics’ sales for the fourth quarter of approximately SEK 2 million.

- We have lowered the price of Tactivo during the year as a result of ongoing market analyzes and discussions with our partners. Our largest Tactivo customer so far, has now also received their share of the price reduction. We continue to see great potential for Tactivo on the US market. We receive positive signals from customers and partners there, says Håkan Persson, acting President and CEO of Precise Biometrics.

The potential in the government market in the US is related to new requirements for identity verification at remote connectivity on mobile devices among government employees and contractors to government agencies. However it is not yet clear when the different area of the US government unit will implement these requirements. Tactivo was the first mobile smart card reader to be certified for use by the US government.

Precise Biometrics AB (publ) may be required to disclose the information provided herein pursuant to the Securities Markets Act. The information was submitted for publication at 8.00 am on December 18, 2013.

Precise Biometrics is a market leading supplier of solutions for fingerprint recognition that guarantee the identity of people. With the highest level of competence in fingerprint biometrics, Precise Biometrics offers fast, precise and secure verification of a person's identity.

This technology can be used for ID, company and bank cards, and for access to mobile solutions, computers and networks. Precise Biometrics delivers its solutions to companies and government agencies all over the world, and the Company's technology is licensed to almost 160 million users.

For further information go to www.precisebiometrics.com

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Contacts

Point of contact
Precise Biometrics AB
Håkan Persson, President and CEO
Tel. 46 46 31 11 05 / 46 734 35 11 05
E-mail hakan.persson@precisebiometrics.com
or
Patrik Norberg, CFO
Tel. 46 46 31 11 47 / 46 734 35 11 47
E-mail patrik.norberg@precisebiometrics.com

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Contacts

Point of contact
Precise Biometrics AB
Håkan Persson, President and CEO
Tel. 46 46 31 11 05 / 46 734 35 11 05
E-mail hakan.persson@precisebiometrics.com
or
Patrik Norberg, CFO
Tel. 46 46 31 11 47 / 46 734 35 11 47
E-mail patrik.norberg@precisebiometrics.com