Precise Biometrics receives order worth SEK 2.4 million
Precise Biometrics has received an order for hardware worth SEK 2.4 million in a Match-on-Card project for government employees. The order is an additional follow-up order from an existing customer in the Middle East.
The delivery consists of Precise 200 MC readers, combined fingerprint and smart card readers that will be used in a current government ID card project together with the Precise Match-on-Card™ technology. The government customer is in the process of extending their ID card program. These new fingerprint readers will be rolled out in this process.
Precise Match-on-Card™ is the process of storing and matching fingerprint information on a smart card to establish the physical presence of an individual. As the fingerprint information does not leave the card, there is no need for a database and the cardholder's integrity is preserved.
The government is an existing customer of Precise Biometrics since 2004, when the company delivered the first volume order of fingerprint readers. Since then, Precise Biometrics has supplied fingerprint readers on a regular basis.
The solution is again 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 third quarter 2010.
Precise Biometrics holds a strong position in the region being the supplier of Match-on-Card for the national ID card programs in Qatar and Bahrain, as well as for other government and enterprise customers.
Precise Biometrics has more than 20 million deployed card licenses and close to 100 million contracted card licenses for its Match-on-Card technology today.
For further information, please contact
Thomas Marschall, 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 products and solutions for fingerprint recognition. The technology proves people's identities in a fast and secure way, while it reduces costs related to password management, identity theft and fraud.
Precise Biometrics serves business and government organizations throughout the world and its technology is licensed to close to 100 million users. Precise Biometrics is listed on NASDAQ OMX Stockholm small cap list (PREC).
For more information, please visit www.precisebiometrics.com or see a presentation at http://www.precisebiometrics.com/about.aspx