Fingerprint Cards has appointed Eplus Co., LTD., (Eplus) as additional distributor in South Korea.
Eplus, has been appointed by Fingerprint Cards AB (FPC) as additional distributor in South Korea.
FPC has appointed Eplus as additional distributor in South Korea. As well as Eplus’ extensive distribution channels in the consumer electronics component sector, the company will offer support and develop customized solutions, thereby both facilitating integration and expediting delivery times of total solutions for consumer electronics OEM and ODM manufacturing customers in Korea .
Johan Carlström, President and CEO of FPC comments: “We are pleased to cooperate with Eplus in Korea. Eplus is a reputable distributor growing 5% faster than the market and with a compound annual growth rate (CAGR) of 8% over the past five years. We are confident that Eplus’ extensive network among the large Korean electronics manufacturers will quickly generate new business and market share for FPC in Korea.”
Mr. DH Chang, President of Eplus comments: “We are very pleased to have been appointed as distributor of Fingerprint Cards in Korea. Since Korea is a rapidly growing market, we will continue to invest in customer support resources for the quickly expanding Korean market to expand FPC’s business. We will offer our customers an even wider range of products and solutions as a result of this partnership.”
For further information, contact:
Johan Carlström, President and CEO, Fingerprint Cards AB (publ), +46 31-607820, investrel@fingerprints.com
Fingerprint Cards AB (publ), Box 2412, SE-403 16 Gothenburg, Sweden, www.fingerprints.com
Om Fingerprint Cards AB (FPC)
Fingerprint Cards AB (FPC) develops, produces and markets biometric components that through 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 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, where extremely rigorous demands are placed on such characteristics. FPC’s technology can also be used in IT and Internet security products, as well as access control, etc. Fingerprint Cards AB (FPC) is listed on Nasdaq OMX Stockholm (FING B) and has its head office inGothenburg,Sweden.
Eplus Co., LTD
Eplus began its operations in 1998 as a Distributor of electronics components in Korea. Being a major distributor for companies like APPLIED MICRO, ATMEL, CMI, MTEKVISION, OMNIVIISON, REALTEK, VISUAL ON, and SIERRA WIRELESS in Korea, Eplus has an extended network and customer base in Korea, particularly in the consumer electronics components sector.
Publication pursuant to Swedish legislation: Fingerprint Cards AB (publ) discloses this information pursuant to the Securities Market Act (2007:528) and the Financial Instruments Trading Act (1991:980). The information was issued for publication on September 29, 2011, at 8.00 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 information herein in accordance with the applicable rules and regulations 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.
Tags: