Precise Biometrics Receives Order Worth Sek 2.3 Million

Precise Biometrics has received an order for hardware worth SEK 2.3 million in a Match-on-Card project. The order is a follow-up order from an existing customer in the Middle East and part of a larger order comprising both hardware and Precise Match-on-Card(TM) licenses.

The delivery consists of Precise 200 MC, a combined fingerprint and smart card reader that will be used in a government ID card project together with the Precise Match-on-Card(TM) technology. Match-on-Card is the concept of both storing and matching fingerprints in the secure environment of a smart card. The government is an existing customer of Precise Biometrics since 2004, when the company delivered the first order of combined fingerprint and smart card readers at a value of SEK 2.8 million. The solution is provided together with two partners - a leading global system integrator and a local solution provider. The fingerprint readers from Precise Biometrics will be delivered during the second and third quarter of this year Precise Biometrics already holds a strong position in the Middle East as the company, being the only supplier of two Match-on-Card-based ID card programs in the region, delivers fingerprint recognition solutions to the national ID cards in both Bahrain and Qatar. Precise Biometrics' CEO, Thomas Marschall is pleased with the fact that Precise Biometrics' products and solutions have proved to be satisfying in yet another Middle East project. "As we have defined government ID cards as an important Match-on-Card segment, I am satisfied that we have yet another order to prove the strategic value of our choice. We are further strengthening our position in the Middle East and this should give us advantages at upcoming procurements in the region" says Thomas Marschall. For further information, please contact Karin Sveheim, Director of Markets, Precise Biometrics AB. Telephone +46 46 31 11 50 E-mail karin.sveheim@precisebiometrics.com Precise Biometrics AB is an innovative company offering 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. Our core product Precise BioMatch(TM) integrates into ID and bank card programs and secure chips, as well as systems for access control to buildings, computers and networks. We act on a global market and our technology is licensed to more than 78 million users all over the world. The Precise Biometrics group has subsidiaries in Sweden (with group headquarters in Lund), Great Britain, Hong Kong and USA, and a joint venture agreement in China. Precise Biometrics is listed on the small cap list at the Nordic Exchange in Sweden (symbol:PREC). For more information, please visit http://www.precisebiometrics.com/