Comment to the article in the Dagens Industri (a Swedish leading daily financial newspaper) of the 8th of December 2000
Comment to the article in the Dagens Industri (a Swedish leading daily financial newspaper) of the 8 th of December 2000 th Due to the article in the Dagens Industri, of Friday 8 of December, Fingerprint Cards wants to make the following statement: In our third quarter report 2000, under the heading Commercial status and Market, we state the following: "Based on forecasts given by the licensee, indicating 400 000 units per year, following an introductory period of about a year, the potential for Fingerprint Cards during this four year agreement is about MSEK 300 in royalty payments." This statement is based on a sales prognosis given by the CEO of Loqware Technologies, Mr Mikael Institoris. Mr Institoris has delivered and confirmed this prognosis to the Direkt news agency, among others. The product delays are due to efforts made to cover the sensors with a protective layer that will protect the sensors from rough handling as well as an electrostatic discharge of at least 8 kilovolt (kV), according to European standards. This problem has now been solved, and the recently developed coating meets the substantially tougher Japanese standards of 15 kilovolt (kV). - Technical delays of this kind are perfectly normal in technically advanced development work such as ours. The problem is now solved and the sensors will be delivered to the market, says Fingerprint Cards' President Lennart Carlson, and adds that Fingerprint Cards' position never has been stronger than it is now, speaking both in financial and technical terms, as well as commercially. Lennart Carlson also comments: - Lars Grundin (operative deputy chair of the Board of Loqware Technologies) ought to understand that information from the CEO of Loqware is taken as seriously intended, as it comes from an official representative of the company. It is very unfortunate that the internal communication problems of Loqware Technologies should affect a third party. For further details, please contact Lennart Carlson, President of Fingerprint Cards Phone +46 31 60 78 20 E-mail info@fingerprint.se ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/12/08/20001208BIT00810/bit0001.doc http://www.bit.se/bitonline/2000/12/08/20001208BIT00810/bit0002.pdf