LUND, Sweden, March 31, 2003 (PRIMEZONE) -- Precise Biometrics AB (publ) (Other OTC:PBMTF), developer and provider of world-leading and user-friendly biometric security solutions based on fingerprints, will together with Vision Solutions Group (VSG), a systems integrator with focus on financial institutions, government and healthcare markets, deliver a biometric smart card solution to a Canadian Federal Government agency. The initial order from VSG has a total value of about US $100,000, and will satisfy several projects including the multi-hundred user implementation for the Canadian government agency.This sizable initial order for the Precise Biometrics' fingerprint reader, Precise 100 MC, provides smart card and fingerprint authentication to enhance the security of network transactions within the agency.
"Vision Solutions Group makes an ideal systems integration partner for Precise Biometrics. The principals at VSG pioneered the field of smart cards and biometrics, and provide unparalleled knowledge and credibility in the marketplace -- as evidenced by the immediate business they have delivered," said Christer Bergman, President and CEO, Precise Biometrics.
"This is a very positive development for VSG," said Marshall Sangster, President, Vision Solutions Group. "Establishing this relationship with Precise Biometrics significantly strengthens our position as a leader in delivering biometric solutions to both the public and private sectors within Canada," concluded Marshall Sangster.
The cooperation between Precise Biometrics and Vision Solutions Group was formed late last year with the aim to expand Precise Biometrics presence in the Canadian market. Under the agreement VSG is offering Precise Biometrics' industry leading biometric and smart card technology as part of the company's access control and authentication solutions.
VSG provides Precise Biometrics with access to the Canadian marketplace, specifically the Federal Government and Financial industry sectors. VSG brings expertise in the sales and marketing of smart card and biometric security products, as well as the capability to provide systems integration, including project management, implementation services, technology assessment, application development and integration.
Precise Biometrics AB is an innovative security company that supplies world-leading systems for authentication using fingerprints. The solutions supplied by the company replace keys, PIN codes and passwords. The company's products are cost effective and provide security and comfort combined with top-class protection of personal integrity. The range of products includes systems for access control to computers and networks and for building into mobile and terminals, such as mobile phones and portable computers. The company headquarters are in Lund, Sweden. The company also has offices in Stockholm and a U.S. subsidiary in Washington, D.C. Precise Biometrics is listed on the O-list of the Stockholm Stock Exchange (symbol: PREC A). For more information about Precise Biometrics, visit http://www.precisebiometrics.com/
Vision Solutions Group is a fully integrated computer service provider. The company delivers services and products to enhance the security of server based and wireless computer network infrastructures. VSG integrates a suite of complementary hardware and software technologies that enable a customer to reduce the total cost of ownership, increase end user productivity and reduce the risks of migrating to new technologies. Vision Solutions Group is a private company with headquarters in Ottawa, Canada. For more information about VSG visit http://www.vsg.ca