Precise Biometrics Sees Great Potential in New Mobile Paradigm
The launch of fingerprint recognition on Apple’s iPhone 5S is a key milestone in the fingerprint biometric industry. This offers great potential for Precise Biometrics’ products.
Thomas Marschall CEO and President at Precise Biometrics says: “Apple is the thought leader when it comes to mobile ingenuity and it is our strong belief that the rest of the mobile industry now will follow this first step towards making fingerprint biometrics a standard on smart devices. This opens up great potential for our proven algorithm, Precise Match-on-Card™ and the smart case Tactivo”.
The new iPhone 5S allows the user to successfully verify a fingerprint from different angles. This is key to a successful user experience. One of the recognized main strengths of the Precise Biometrics’ algorithm is its ability to handle such “rotating fingers”. This has been proven in test such as MINEX II and Ongoing MINEX by NIST (US National Institute of Standards and technology).
The Touch ID in iPhone 5S will also be used for a payment system for both iTunes and Appstore. This will create a new and strong demand for the same type of solutions on other smart device platforms in segments such as banks and other transaction based business.
Thomas Marschall adds: “We offer a proven algorithm and a strong Match-on-Card technology that fits very well into fingerprint based mobile payment and credit card systems in terms of security and convenience. I believe that our products presents strong competitive advantages as the mobile industry move towards making fingerprint sensor standard on smart devices. We also see our smart case product Tactivo as a perfect complement as it allows third-party app to also utilize fingerprint recognition”.
Precise Biometrics AB (publ) may be required to disclose the information provided herein pursuant to the Securities Markets Act. The information was submitted for publication at 1:15 pm on September 11, 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 supplier of solutions for fingerprint recognition that guarantee the identity of people. With the highest level of competence in fingerprint biometrics, Precise Biometrics offers fast, precise and secure verification of a person's identity.
This technology can be used for ID, company and bank cards, and for access to mobile solutions, computers and networks. Precise Biometrics delivers its solutions to companies and government agencies all over the world, and the Company's technology is licensed to almost 160 million users.
For further information go to www.precisebiometrics.com