<p> <strong>Paltek Corporation (Paltek), headquartered on Tokyo, Japan, with two additional sales offices strategically located in Japan and subsidy in Singapore, has been appointed to market and sell Fingerprint Cards’ (FPC’s) products and solutions in Japan and Singapore.</strong></p> <p> FPC’s new distributor in Japan and Singapore, Paltek, has extensive and successful experience of distribution operations throughout Japan and South East Asia and currently works with such companies as NEC Corporation, Sony Corporation, Fujitsu Limited, Toshiba Corporation, Sumitomo Electric Industries, Ltd., Olympus Corporation, Anritsu Corporation, Yokogawa Electric Corporation. Paltek has three sales offices in Japan, including the head office in Tokyo. Paltek also have a regional office in Singapore from where they mainly distribute to Japanese brands with production units or design centers in Thailand, Vietnam, Singapore, Malaysia and Indonesia.</p> <p> FPC’s products are an excellent supplement to Paltek´s current product range whose broad contact network will provide FPC with new opportunities for both industrial applications as well as consumer electronics in the Japan and Singapore market. In addition to distribution, Paltek will offer technical support and, in some cases, also development of customer-specific solutions, which will facilitate integration while reducing the lead time to complete solutions for end customers.</p> <p> Johan Carlström, CEO of FPC says: “We are delighted to have Paltek as our partner and distributor for the strategically important Japan and Singapore market. Paltek has a solid and successful résumé and a broad network of contacts and customers, which will generate new business opportunities for FPC. For us, Paltek is the perfect partner in Japan and Singapore and we confidently look forward to jointly developing the partnership and the market potential”.</p> <p> “We are delighted to have established a partnership with Fingerprint Cards,” states Shinsuke Aiki, Product Manager, Paltek Corporation. “Fingerprint Cards’ products and excellent authentication technology ensures our existing offering on security standpoint, in that they complement the solutions currently provided by Paltek. In combination Fingerprint Cards’ ingenuity and our deep knowledge about the Japanese & ASEAN market open up new opportunities for both Paltek and for Fingerprint Cards to provide additional value to our customers.”</p> <p>  </p> <p> <strong>For further information, please contact:</strong></p> <p> Johan Carlström, CEO of Fingerprint Cards AB (publ), +46 (0)31-607820, investrel@fingerprints.com</p> <p> Fingerprint Cards AB (publ), Box 2412, SE-403 16 Gothenburg, www.fingerprints.com</p> <p>  </p> <p> <strong>About Fingerprint Cards AB (FPC)</strong></p> <p> 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) and has its head office in Gothenburg, Sweden.</p> <p>  </p> <p> <strong>About Paltek Corporation (Paltek)</strong></p> <p> Paltek is strong in providing solutions with Programmable Logic Devices (PLDs), Application</p> <p> Specific Standard Products (ASSPs) and other networking related silicon. Based on sound business performance, Paltek made its Initial Public Offering on JASDAQ in 1998. Rooting from its corporate philosophy of “kyo-sei” (cooperative growth), the company is continuously making efforts to contribute to the development of the ubiquitous society by providing the best available hardware and software solutions. For further information, see http://www.paltek.co.jp</p> <p>  </p> <p> IMPORTANT INFORMATION</p> <p> 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.</p> <p> Publication pursuant to Swedish legislation: Fingerprint Cards AB (publ) discloses this information pursuant to the Securities Market Act (2007:528) and the Financial Instruments Trading Act (1991:980).</p> <p> The information was issued for publication on June 14, 2011, at 8.00 a.m.</p>
Fingerprint Cards appoints Paltek as distributor for Japan and Singapore
| Source: Fingerprint Cards AB
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