Improved result in 2010 - now Precise Biometrics expands into mobile solutions

Improved result in 2010 - now Precise Biometrics expands into mobile
solutions

Precise Biometrics AB (publ), Corporate Identity No. 556545-6596
Year-end report for the period January - December 2010


  ·
The group's net sales for the financial year was SEK 44.9 million (68.7)
and for the fourth quarter SEK 6.3 million (32.1).
  ·
The groups income for the year was SEK-14.6 million (-21.8) and for the
fourth quarter SEK -4.4 million (2.8)

  ·
Earning per share for the year amounted to SEK -0.11 (-0.19) and for the
fourth quarter SEK -0.03 (0.02).

  ·
Liquid assets at the end of the financial year was SEK 24.5 million
(40.9).  

Important events during the year

  ·
Nigerian partner Interswitch is rolling out a state ID card with
technology from Precise Biometrics. It's the first project of its kind
in the world, as the state ID card also includes e-payment

  ·
Precise Biometric received two follow-up orders for hardware from an
existing customer in the Middle East at a total value of SEK 6.7 million
for a Match-on-Card project for government employees.

  ·
Precise Biometrics launched several products during the year.  Among
them a tool for integration of standardized Match-on-Card - Precise
BioMatch™ ISO Match-on-Card; an integration tool for standardized
fingerprint recognition for both PC and Mac: Precise BioMatch™ ANSI 378
and a biometric logon solution for Microsoft's new operating system
Windows 7, Precise BioMatch™ Logon for Windows 7

  ·
Precise Biometrics has during 2010 reorganized its sales organization
due to increase of new business opportunities in combination with
developing a more customer oriented organization. The new organization
came into full effect January 1, 2011 - and consists of three business
units IAM, Access Solutions and Mobile. Mobile is a brand new and
strategically important business unit, from which Precise Biometrics
will provide solutions for the SmartPhone and TabletPC markets.

Important events after the end of the year

  ·
Precise Biometrics releases a new family of fingerprint readers, Precise
Sense™, targeted towards the banking and enterprise segments. The
readers focus on cost-efficiency, user friendliness and a high degree of
functionality options.

For further information, please contact
Thomas Marschall, President & CEO, Precise Biometrics AB.
Telephone +46 46 31 11 10, or +46 734 35 11 10
E-mail
thomas.marschall@precisebiometrics.com (thomas.marschall@precisebiometri
cs.com)   

Patrik Norberg, CFO, Precise Biometrics AB
Telephone +46 46 31 11 47, or +46 734 35 11 47
E-mail
patrik.norberg@precisebiometrics.com (patrik.norberg@precisebiometrics.c
om)