FPC strengthens Supply Chain Management and appoints Magnus Hansson as Senior Sourcing Director

Fingerprint Cards (FPC) is strengthening its Supply Chain Management and has hired Magnus Hansson as Senior Sourcing Director.

As a result of FPC’s recent successes and expansion, a need has arisen to strengthen the company’s purchasing function and production handling. Magnus will focus primarily on FPC’s purchasing and production control methods, as well as further developing processes to ensure cost-efficient and secure supply of the company’s components and products.

Magnus Hansson has many years of experience from executive positions at Ericsson and ST-Ericsson in Lund, where he held such posts as Vice President, Sourcing & Supply, Head of Purchasing and Technology Licensing, and most recently SVP 3G and LTE Modem Solutions. Prior to this, Magnus worked primarily with product development and product management.

Johan Carlström, CEO of FPC comments: “Magnus will be a fantastic addition to the team in our current expansion phase. I am convinced that his extensive experience, knowledge and network make him the right person to drive forward the development of Supply Chain Management and our purchasing function. I believe Magnus will also contribute strongly in other areas of FPC’s operations with his broad background in technology development, particularly in the telecom industry.”

For further information, please contact:
Johan Carlström, CEO of Fingerprint Cards AB (publ), +46 (0)31-60 78 20, investrel@fingerprints.com

About Fingerprint Cards AB (publ)
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 January 18, 2013, at 10:00 a.m.

Important information
Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the constituent information in accordance with the rules and regulations prevailing in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Fingerprint Cards securities in any jurisdiction.

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About Us

Fingerprint Cards AB (FPC) develops produces and markets biometric technology, which, through analysis and matching of an individual’s unique fingerprint, verifies the 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 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 telephones, which impose extremely rigorous demands on these characteristics. FPC’s technology can also be used in such areas as IT, Internet security and access control.

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