business operations

FPC Says Beijing Watertek Takeover is Unlikely

FPC Says Beijing Watertek Takeover is Unlikely

A Beijing firm has approached Fingerprint Cards about a possible takeover, but FPC says such a deal is unlikely. The suitor, Beijing Watertek, reportedly sent a letter to FPC’s head management this week outlining plans for the potential acquisition, with a source close to the Chinese firm leaking the information to Sweden’s Dagens Industri publication.…

FPC Joins China-Focused Internet Finance Authentication Alliance

FPC Joins China-Focused Internet Finance Authentication Alliance

“In a statement announcing its membership, FPC noted that IFAA’s standard includes biometric authentication based on facial, fingerprint and iris recognition.” Fingerprint Cards has joined a major authentication standards group focused on the APAC region and particularly the China market. The Internet Finance Authentication Alliance (IFAA) was founded in 2015 by major companies including Samsung,…

Fingerprint Cards Board Member Resigns Amid Industry Shift

Fingerprint Cards Board Member Resigns Amid Industry Shift

A member of Fingerprint Cards Board of Directors has resigned. In a statement announcing Michael Hallén’s departure from the board, FPC explained that his decision to step down is “due to an increasing heavy workload and changed working conditions where the operational duties have intensified.” The company added that Hallén also serves as CEO of Vizrt Group AS, and…

FPC Issues Q3 Revenues Warning as iPhone X Disrupts Fingerprint Sensor Market

FPC Issues Q3 Revenues Warning as iPhone X Disrupts Fingerprint Sensor Market

Fingerprint Cards‘ mobile business is on the upswing after a difficult first half of the year, but the iPhone X has thrown a wrench into the market. In a statement announcing its revenue range for Q3 of this year, FPC said it is “currently experiencing a cautious market”, and pointed to the announcement of Apple’s…

FPC Refines Focus on Smart Cards with New Appointment

FPC Refines Focus on Smart Cards with New Appointment

“FPC has also been delving into the market, with the company’s fingerprint sensor technology having recently been integrated into a smart card used in a new casino in France..” Fingerprint Cards is refining its leadership structure to help the company more effectively target the emerging smart cards market. Currently, SVP Niklas Strid heads both FPC’s…

Precise Biometrics Finds Its Next R&D Director

Precise Biometrics Finds Its Next R&D Director

Precise Biometrics has found its new R&D Director, and he comes from within the company’s own ranks. Fredrik Clementson, a Precise Biometrics engineer, will take the position starting September 1st. The search began in late spring, when Rutger Petersson, who has been with the company for a decade, announced his resignation as he sought to…

Q2 Report Shows FPC Back on Track After Challenging First Half

Q2 Report Shows FPC Back on Track After Challenging First Half

Fingerprint Cards has issued a corporate update for Q2 and the first half of the year. The results are in line with FPC’s previous predictions about how the first half of this year would play out, with the company having navigated an increasingly competitive market with an inventory glut. Compared to the same periods last…

FPC to Announce Q2 Results on July 21

FPC to Announce Q2 Results on July 21

Fingerprint Cards will issue its second quarter fiscal update on July 21st, the company has announced. The report is eagerly anticipated. While FPC has seen a remarkable ascent over the last few years as it has become a leading supplier of fingerprint sensor technology to a booming mobile biometrics market, it hit some turbulence this…

IDEX Issues New Shares for Board Members

IDEX Issues New Shares for Board Members

IDEX has issued 115,350 new shares for three board members, raising the company’s share capital to NOK 81,357,465.75. That share capital is divided into 542,383,105 shares, each valued at NOK 0.15. It’s the result of a share incentive program the company introduced at its annual general meeting earlier this year. IDEX’s board of directors resolved…

FPC Cancels Shares, Recoups Share Capital Through Bonus Issue

FPC Cancels Shares, Recoups Share Capital Through Bonus Issue

Fingerprint Cards has followed through on a plan to cancel shares. The company has announced that 10,424,000 Class B shares, which had been bought back after a 2016 AGM resolution, were canceled. Share capital was thus reduced by SEK 416,960, and was then increased by the same amount “through a bonus issue of SEK 416,960,…

Share Incentive Programs Reflect Enthusiasm at IDEX

Share Incentive Programs Reflect Enthusiasm at IDEX

“The moves suggest a growing level of optimism and anticipation within the company, which reported a significant increase in revenues in its most recent corporate update…” IDEX is inviting employees to buy into the company’s future. Its board of directors has decided to issue 1,375,000 subscription rights to new staff and contractors, and to issue 2,025,000…

UMANICK Targets Latin America with New Bogota Office

UMANICK Targets Latin America with New Bogota Office

Biometric security solutions developer UMANICK has opened a new office in the ParqueSoft IT complex of Bogota, Colombia. In a statement, the company framed the move as an effort to target the Latin American region, and particularly Colombia, Peru, and Mexico, which “show high potential for biometric identification,” particularly in the healthcare, payments, and banking…

FPC Board Postpones Remuneration, Share Proposals

FPC Board Postpones Remuneration, Share Proposals

Fingerprint Cards‘ Board of Directors has cancelled an extra general meeting that had been planned for November 30th. The meeting was meant to outline a remuneration program for the company’s management. In a statement announcing the meeting’s cancellation, FPC said its Board of Directors’ goal is “clear and transparent corporate governance,” as well as “to…

FST Expands Leadership with New CEO

FST Expands Leadership with New CEO

Further adapting its positioning for continuing growth, FST Biometrics is expanding its upper management. The company has appointed Gary Drutin as its new CEO; meanwhile previous CEO Aharon Zeevi Farkash “will shift his focus to the areas of innovation and strategy development,” according to a statement from the company. Drutin previously held a position as sales…

FPC Names Nomination Committee for 2017 AGM

FPC Names Nomination Committee for 2017 AGM

Fingerprint Cards has named its nomination committee ahead of its upcoming Annual General Meeting for 2017. The group will consist of Dimitrij Titov, who will act as Chairman; Tommy Trollborg; and Johan Carlström, who left his position as FPC’s Business Developer last month but remains an active shareholder. The upcoming meeting will likely have a…

Safran Identity & Security Announces Silicon Valley Office

Safran Identity & Security Announces Silicon Valley Office

Safran Identity & Security is opening a new office in Silicon Valley. More specifically, the France-based company’s new facility will open in Redwood City toward the end of the year. In a statement announcing the new office, the company said it will feature an R&D lab focused on digital payments, digital identity, and the Internet…

Johan Carlström Is Leaving Fingerprint Cards

Johan Carlström Is Leaving Fingerprint Cards

Fingerprint Cards’ Business Developer is leaving the company. Johan Carlström will make his official exit on October 15th. In a statement announcing his departure, Carlström explained that entrepreneurial commitments beyond FPC “are becoming increasingly time consuming” such that it necessitates his departure from the company. “With the recruitment of Christian Fredrikson and the company’s strong market position, I…

TOC Biometrics Gets International Manager

TOC Biometrics Gets International Manager

Chile-based biometric authentication solutions provider TOC has appointed a new International Manager. Andrés Landerretche, a lawyer with the University of Chile, takes the post. It’s a new position aimed at promoting the company on the global market, and has been created in the wake of new TOC office openings in Europe. In a statement announcing the position…

FPC Details Proposed Changes to Board Leadership

FPC Details Proposed Changes to Board Leadership

“FPC’s Nomination Committee is also seeking to expand the Board’s membership, putting forward Peter Carlsson, Michael Hallén, Åsa Hedin and Tomas Mikaelsson as its newest members.” Fingerprint Cards is making some changes to its Board of Directors. Chairman of the Board Urban Fagerstedt has declined re-election, and FPC’s Nomination Committee has put forward Jan Wäreby as his replacement. In…

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