STOCKHOLM–Regulatory News: Fingerprint Cards (FPC) (STO:FINGB), 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.”
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.
Contacts: Fingerprint Cards AB (publ), Johan Carlström, CEO, +46 (0)31-60 78 20, email@example.com