Fingerprint Cards AB (FPC) (STO:FINGB) has received an order worth SEK 20 M from its distributor in China and Taiwan, Hardware & Software Technologies Co. Ltd (HST). The order encompasses the FPC1011F3 area sensor. Delivery of the order is scheduled for the second half of 2013.
This order is a result of the strong demand for FPC’s solutions in China, both for banking applications and new government-related projects.
“The timing of this order is in line with the most optimistic forecast we provided in the financial report for the fourth quarter of 2012 and it confirms our number one position in the Chinese market for capacitive area sensors, where FPC has the dominant market share exceeding 80%,” says Johan Carlström, President and CEO of Fingerprint Cards AB.
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, Sweden. 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 March 11, 2013, at 08:00 a.m.
Contacts: Fingerprint Cards AB (publ), Johan Carlström, CEO, +46 (0)31-60 78 20, firstname.lastname@example.org, www.fingerprints.com