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Precise Biometrics Launches Next Generation of Mobile Security - Year-end report 2011

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Precise Biometrics AB (publ), Corporate Identity No. 556545-6596
Year-end report for the period January – December 2011

  • The group’s net sales for the financial year was SEK 21.6 million (44.9) and for the fourth quarter SEK 4.8 million (6.3).
  • The group’s result for the year was SEK-33.2 million (-14.6) and for the fourth quarter SEK -9.2 million (-4.4)
  • Earning per share for the year amounted to SEK -0.20 (-0.11) and for the fourth quarter SEK -0.05 (-0.03).
  • Available cash at the end of the financial year was SEK 28.9 million (24.5).

Important events during the year

  • Precise Biometrics was top ranked in the MINEX II test, the most important US government test for standardized Match-on-Card. This has further strengthened Precise Biometrics position on the important US federal government market.
  • Precise Match-on-Card™ was selected for Nigerian National ID Card. The card will function both as national ID and as a bank card. In expected value, this national ID project is the largest so far won by Precise Biometrics.
  • Precise Biometrics has signed several strategically important partnerships during the year. Giesecke & Devrient will provide Precise Match‐on‐Card™ technology for use on their smartcards. GD Burti is signed as an exclusive distributor of fingerprint & smartcard readers in Brazil. NXP will provide Precise Biometrics’ Match-on-Card technology on their chips used on smart ID cards.
  • Precise Biometrics released a new family of fingerprint readers, Precise Sense™, targeted for volume sales towards the banking and enterprise segments.
  • Precise Biometrics launched a new software product, Precise BioMatch™ Embedded, which enables hardware companies to quickly integrate fingerprint verification in their products.
  • The company continued to build and strengthen the organization with primary focus on the recruitment of marketing and sales expertise to our largest market in the US.
  • Precise Biometrics’ completed a rights issue, with preferential rights, which supplied the Company with SEK 48.6 million after related costs. The rights issue was subscribed to 119% and was carried out as a part of the company’s strategic plan – Plan 2015.

Important events after the end of the year

  • Precise Biometrics launches a smart casing with a built-in smart card reader and fingerprint sensor. The smart casing will be available for the most popular smart phone and tablet computer brands in 2012 and 2013.

Point of contact
Thomas Marschall, President and CEO, Precise Biometrics AB
Tel. 46 46 31 11 10 or 46 734 35 11 10
E-mail thomas.marschall@precisebiometrics.com

Patrik Norberg, CFO, Precise Biometrics AB
Tel. 46 46 31 11 47 or 46 734 35 11 47
E-mail patrik.norberg@precisebiometrics.com

Precise Biometrics is a market-leading provider of solutions for fingerprint recognition to prove people's identities. With top-of-the-line expertise in fingerprint verification, Precise Biometrics offers fast, accurate and secure authentication of a person.

Its core product, Precise Match-on-Card™, adds value to ID, SIM, enterprise and bank cards as well as systems for access control to buildings, computers and networks. Precise Biometrics serves business and government organizations throughout the world and its technology is licensed to close to 160 million users.

For more information, please visit www.precisebiometrics.com

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