Fingerprint Cards wins order in China valued at SEK 20 M
Fingerprint Cards AB's (FPC) Chinese distributor Hardware & Software
Technologies Co. Ltd (HST), has placed an additional order valued at
more than SEK 20 M to expand its market segment Personal identification
via internet banking. The order pertains to FPC's area sensor FPC1011F
and deliveries will take place during 2011 and into 2012.
The sensors, which are to be integrated into identification units, will
be delivered to one of China's largest banks. The bank expands its
market into an additional region by supplying units to customers using
the bank services via internet as well as to the bank's employees. The
decision to launch biometric units in one additional region creates a
large market opportunity since only a few regions have started to
implement biometric units for their customers.
Johan Carlström, CEO of FPC comments: “It is with great satisfaction we
see that another Chinese region will implement biometric solutions all
the way out to the end customers, which opens great opportunities to
reach more regions over the coming years. FPC has jointly with HST since
several years invested in strong relations with the leading suppliers
within the Chinese banking sector, which is confirmed by today's order.
We are currently seeing a strong demand for our solutions from the
Chinese banking industry that we expect will continue to grow over the
coming years”
For further information, please contact:
Johan Carlström, CEO of Fingerprint Cards AB (publ), +46 (0)31-607820,
investrel@fingerprints.com
Fingerprint Cards AB (publ), Box 2412, SE-403 16 Gothenburg,
www.fingerprints.com
About Fingerprint Cards AB (FPC)
Fingerprint Cards AB (FPC) develops produces and markets biometric
technology, which, through analysis and matching of an individual's
unique fingerprint, verifies the person's identity. The technology
consists of biometric sensors, processors, algorithms and modules that
can be used separately or combined. The competitive advantages offered
by 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 telephones, which impose extremely rigorous demands on
these characteristics. FPC's technology can also be used in such areas
as IT, Internet security and access control.
Fingerprint Cards AB is listed on Nasdaq OMX Stockholm (FING B) with
office in Gothenburg, Sweden.
Fingerprint Cards AB (publ) discloses this information pursuant to the
Securities Market Act (2007:528) and the Financial Instruments Trading
Act (1991:980). The information was issued for publication on September
28, 2011, at 8.00 a.m.
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
Fingerprint Cards securities in any jurisdiction.
