Fingerprint Cards (FPC), a leading supplier of biometric components for the
mobile device market, announced today that it has retained Piper Jaffray as its
financial advisor. The biometric market is rapidly evolving and FPC is
experiencing an increasing amount of alliance and partnership opportunities. In
addition, FPC has received proposals to invest in or acquire other biometric
technology companies over the last nine months. FPC has, therefore, appointed
Piper Jaffray to assist the company in evaluating various strategic and
financing opportunities.
FPC’s CEO Johan Carlström comments:
“Over the last six months I have got to know the San Francisco-based technology
team of Piper Jaffray quite well, and I believe they are second to none in terms
of professionalism, industry knowledge and as financial advisors. I feel very
comfortable in working with Piper Jaffray towards our goal of becoming the
globally leading biometric partner to the mobile device industry.”
For more information, please contact:
Johan Carlström, CEO Fingerprint Cards AB (publ), +46 (0)31-60 78 20,
investrel@fingerprints.com
About Fingerprint Cards AB (publ)
Fingerprint Cards AB (FPC) develops, produces and markets biometric components
that through the analysis and matching of an individual’s unique fingerprint
verify the person’s identity. The technology consists of biometric sensors,
processors, algorithms and modules that can be used separately or in combination
with each other. The competitive advantages offered by the 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 phones, where extremely rigorous demands are placed on such
characteristics. The company’s technology can also be used in IT and Internet
security, access control, etc. Fingerprint Cards AB (FPC) is listed on the
Nasdaq OMX Stockholm (FING B) and has its head office in Gothenburg, Sweden.
About Piper Jaffray
Piper Jaffray Companies (NYSE: PJC) is a leading, international middle market
investment bank and institutional securities firm. Securities brokerage and
investment banking services are offered in the United States through Piper
Jaffray & Co., member SIPC and NYSE; in Europe through Piper Jaffray Limited,
registered with the Financial Services Authority. Asset management products and
services are offered through three separate investment advisory affiliates
registered with the U.S. Securities and Exchange Commission: Fiduciary Asset
Management, LLC; Piper Jaffray Investment Management LLC; and Piper Jaffray
Private Capital, LLC.
Fingerprint Cards AB (publ) discloses this information pursuant to the Swedish
Securities Market Act (2007:528) and the Swedish Financial Instruments Trading
Act (1991:980). The information was issued for publication on May 7, 2013, at
8:00 a.m. (CET).
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 of the company’s securities in any
jurisdiction.
