Fingerprint Cards secures area sensor order in China worth SEK 20 M
Fingerprint Cards AB (FPC) has received an order worth SEK 20 M from its distributor in China and Taiwan, Hardware & Software Technologies Co. Ltd (HST).
The order encompasses the FPC1011F3 area sensor. Delivery of the entire order is scheduled for 2013, partly in the first quarter and partly in the second quarter.
As a result of the strong demand for FPC’s solutions in China, both for banking applications and new government-related projects, the month-over-month “sell-through” from our distributor to end customers has increased significantly since the first quarter of 2012.
“The timing of this order is in line with the most optimistic forecast we provided in the financial reports for the first and second quarters of 2012 and it confirms our number one position in the Chinese market for capacitive area sensors, where FPC has a market share exceeding 80%,” says Johan Carlström, President and CEO of Fingerprint Cards AB.
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.
For further information, please contact:
Johan Carlström, CEO of Fingerprint Cards AB (publ), +46 (0)31-60 78 20, firstname.lastname@example.org
Fingerprint Cards AB (publ), P.O. Box 2412, SE-403 16 Gothenburg, Sweden www.fingerprints.com
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 November 26, 2012, at 08:00 a.m.
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.