Precise Biometrics signs Tactivo™ frame agreement with one of the world’s largest automobile manufacturers

In the summer 2012 Precise Biometrics received its first Tactivo order from this automobile manufacturer. The company has used Tactivo as part of their security infrastructure, extending already existing investments for encryption and authentication made for desktop and laptop users to smartphones and tablets. The company has developed several applications used to encrypt documents that can be stored securely on these devices.

Precise Biometrics has now signed a frame agreement with the company for further supply of Tactivos, with an expected duration of several years.

“We are very pleased with this agreement enabling a long-term supply of Tactivo to their business. We have worked closely with this customer to ensure that our solution met their enhanced security needs. We remain committed to collaborate with them to widen the scope and the use cases around Tactivo. We expect to sell several thousand Tactivos to the company per year in the coming years. This co-operation is one of many ongoing interesting projects within the enterprise segment for Tactivo. We hope to release the name of this customer in our upcoming quarterly report” says Thomas Marschall, President and CEO of Precise Biometrics.

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 8:00 am on June 19, 2013.


FOR FURTHER INFORMATION, PLEASE CONTACT

Thomas Marschall, President and CEO, Precise Biometrics AB
Telephone; +46 46 31 11 10 or +46 734 35 11 10, E-mail; thomas.marschall@precisebiometrics.com

Patrik Norberg, CFO, Precise Biometrics AB
Telephone; +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.

The technology adds value to ID, enterprise and bank cards as well as access to mobile solutions (smart phones and tablets), 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 and  www.idApps.com


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