SWEDEN, April 19, 2002 (PRIMEZONE) -- Precise Biometrics AB:
-- Net sales for the first quarter amounted to SEK 5.1 million (1.5),
and net loss totaled SEK -17.3 million (-15.2). At the end of the
first quarter, the company had SEK 47.7 million in liquid assets.
-- Together with SchlumbergerSema, a leading supplier of smart cards,
Precise Biometrics has entered into an agreement for the supply of
smart cards with biometric authentication.
-- The company entered into a partnership agreement with the
Singapore-based security company Apro. This agreement covers the
distribution and sale of fingerprint readers for physical access
control systems in large areas of Asia. In the same product area,
the company signed a distribution agreement with Securitas AS in
Norway, and another with the German company Primion Technology AG.
-- As a result of the application of the new recommendation RR15 from
the Swedish Financial Accounting Standards Council, the
capitalization of development work has been reduced by SEK 8.7
million. The effect of the change in principles has been booked
directly against shareholders' equity.
-- A new issue of shares was completed in January, generating SEK
30.5 million for the company before issue costs.
The full Interim Report including tables is available to download from the enclosed link.
http://reports.huginonline.com/856244/102262.pdf
Precise Biometrics 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 an U.S. subsidiary in Washington, D.C. Precise Biometrics is listed on the O-list of the Stockholm Stock Exchange (symbol: PREC A). For additional information, visit www.precisebiometrics.com