FPC granted operating line of credit from Nordea and EKN
Fingerprint Cards (FPC) 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.”
For more information, please contact:
Johan Carlström, CEO, Fingerprint Cards AB (publ), +46 31-60 78 20,
About Fingerprint Cards AB (publ)
Fingerprint Cards AB (Fingerprint Cards) develops, produces and markets biometric components that through analysis and matching of an individual’s unique fingerprint verify a 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 Fingerprint Cards’ 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 these characteristics. Fingerprint Cards’ technology can also be used in IT and Internet products for security and 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 Securities Market Act (2007:528) and/or the Financial Instruments Trading Act (1991:980). The information was issued for publication on January 9, 2013 at 8.00 a.m.
Issuing, publishing or distributing this press release may be subject to restrictions in certain jurisdictions. Recipients of this press release are responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer, or invitation to acquire or subscribe for new securities in Fingerprint Cards in any jurisdiction.