Top-ranking in important government test gives Precise Biometrics unique market position

Top-ranking in important government test gives Precise Biometrics unique
market position

As the results from the MINEX II report is released, Precise Biometrics
emerges with the fastest standardized Match-on-Card and outstanding
performance. Precise Biometrics is also the only biometric supplier who
passed with 3 different card vendor submissions - a unique achievement
in the industry. This gives Precise Biometrics a great position in the
US where a new presidential directive has opened up a government ID
market comprising 5.7 million users.

MINEX II is the leading interoperability test for Match-on-Card,
preformed by NIST - the US National Institute of Standards and
Technology. Great results in MINEX II gives Precise Biometrics a great
market position in upcoming US government projects as NIST has decided
to include Match-on-Card in the large PIV (Personal Identification
Verification) program. PIV is a program that specifies how all US
federal employees and contractors shall identify themselves.  

A new directive also states that all US government agencies must
implement PIV starting 2012, and each agency is to have a policy for
implementation in place on March 31. This opens up a significant market
that includes 5.7 million users in the US government.

As MINEX II is the key standard to qualify for these projects Thomas
Marschall, CEO at Precise Biometrics, sees great business potential in
the MINEX II outcome.

-          We have been the market leaders for Match-on-Card for many
years now so we were of course pleased, but not surprised, to hear this
excellent outcome.  With the highest number of sold Match-on-Card
licenses in the world and with our top ranked MINEX II compliant
Match-on-Card, we are very well positioned for the PIV market which is
expected to grow extensively with this new presidential directive. We
might even see PIV extending beyond federal ID programs. As such, we
estimate the PIV market demand to be 15-20 million people within the
next 3-4 years.  

Precise Biometrics presented three submissions to MINEX  II with three
different card manufacturers; Gemalto, Giesecke & Devrient and SPYRUS of
which the former two mentioned are among the largest worldwide. All
three submissions passed with nearly identical, outstanding results;
while the submission with SPYRUS proved to be the fastest overall of any
vendor worldwide.

» Read Precise Biometrics' press release to the US
market (http://www.precisebiometrics.com/?id=4731)

» Read the complete MINEX II
result (http://biometrics.nist.gov/cs_links/minex/minexII/minex_report.p
df) 

For more information
Thomas Marschall, CEO, Precise Biometrics AB
Tel: +46 46 31 11 10, +46 734 35 11 10
E-mail: thomas.marschall@precisebiometrics.com