Fingerprint Cards (FPC)(STO:FINGB) has been granted an operating line of credit of SEK 15 M. Nordea has granted the operating line of credit, which is combined with an operating line of credit guarantee from the Swedish Export Credits Guarantee Board (EKN). The guarantee is offered to banks and other creditors that grant credits to small and medium sized businesses with less than 250 employees and maximum sales of SEK 500 M.
Johan Carlström, CEO of FPC comments: “Funding for future business transactions is a key feature of the expansive strategy adopted by FPC and access to an operating line of credit will contribute to our continued, powerful expansion in 2013.”
Fingerprint Cards AB (FPC) markets, develops and produces biometric components and technologies 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 Nasdaq OMX Stockholm (FING B) and has its head office in Gothenburg.