FINGERPRINT RECOGNITION BY PRECISE BIOMETRICS ON OKI ELECTRONIC CIRCUIT - COST-EFFICIENCY AN EVIDENT ADVANTAGE

A license agreement signed in July 2006 between Precise Biometrics
AB and the Japanese electronics group Oki Electric Industry Co. Ltd
has resulted in the development of an electronic circuit with an
embedded biometric solution (ML67Q5250). The circuit was introduced
by OKI on the world market in November, and there are great
expectations that the solution will open up for completely new
applications for fingerprint recognition. In terms of volume, OKI has
planned for a production of about 200,000 circuits a month as of
April 2008.

The unique feature of the circuit is that it integrates Precise
Biometrics' core technology for identification, which means
significant advantages for companies developing end products and
solutions, such as payment terminals, door locks, satellite boxes,
and PC peripherals such as keyboard. This means accessto an
inexpensive one-chip solution for fingerprint recognition, which can
be adapted to different applications. These companies thereby avoid
expensive and time-consuming development work and can reach out to
the market more quickly with new product generations where personal
identification via fingerprint technology is becoming an important
sales argument.

Oki Electric Industry Co. Ltd, with some 21,000 employees and annual
sales of close to SEK 60 billion, is one of Japan's largest
companies. The new electronic circuit has been developed in the
subsidiary Silicon Solutions Company, whose president, Masahiko
Morioka, also is very positive towards the market potential."The fact that we have succeeded in developing a circuit with a long
series of advantages, also being very attractive in terms of costs,
means that we have very great expectations for the future. The
cooperation with Precise Biometrics also means that we can offer a
complete solution which integrates the market's leading biometric
technology for fingerprint identification, and I believe this will be
of great importance when it comes to speeding up the development of
new product generations in, for example, the consumer sector",
concludes Masahiko Morioka.

Precise Biometrics' CEO, Thomas Marshall, is impressed by the
advantages of the electronic circuit."It's fantastic that they have succeeded in integrating not only our
core technology in to this small circuit, but also create a long
series of advantages for end users.

For further information
Thomas Marschall, Resident and CEO, Precise Biometrics AB
Telephone +46 46 31 11 10 or +46 730 35 67 10
E-mail   thomas.marschall@precisebiometrics.com

Ann-Sofi Höijenstam, Director IR & Communications, Precise Biometrics
AB
Telephone +46 46 31 11 47 or +46 734 35 11 47
E-mail  ann-sofi.hoijenstam@precisebiometrics.com

Precise Biometrics AB is an innovative company offering solutions for
fingerprint recognition to prove people's identities. With
top-of-the-line expertise in fingerprint verification, Precise
Biometrics offers fast, accurate and secure authentication of a
person. Our core product Precise BioMatch(TM) integrates into systems
for access control to buildings, computers and networks as well as ID
card programs, passports and secure chips. We act on a global market
and our technology is deployed in large-scale projects all over the
world. The Precise Biometrics group has subsidiaries in Sweden (with
group headquarters in Lund), Great Britain, Hong Kong and USA, and a
joint venture agreement in China. Precise Biometrics is listed on the
small cap list at the Nordic Exchange in Sweden (symbol:PREC).
For more information, please visit http://www.precisebiometrics.com/