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Strong Positioning for Precise Biometrics' Match-on-Card Technology - Interim Report Jan-Sept 2011

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Precise Biometrics AB (publ), Corporate Identity No. 556545-6596

Interim Report for the period January – September 2011

  • The group’s net sales for the interim period amounted to SEK 16.8 million (38.6) and for the third quarter SEK 7.4 million (12.2)
  • The group’s income for the interim period was SEK -24.0 million (-10.2) and for the third quarter SEK -5.4 million (-5.2). Compared to previous year the income for the interim period is lower primarily due to lower sales level impacted by the delayed US government budget process.
  • Earnings per share for the interim period was SEK -0.15 (-0.08) and for the third quarter SEK -0.03 (-0.04).
  • Available cash at the end of the interim period amounted to SEK 37.4 million (30.9).

Important events during the quarter

  • 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.

Important events after end of quarter

  • Precise Biometrics entered into a partnership agreement with Giesecke & Devrient (G&D) that will provide Precise Match-on-Card™ technology for use on G&D smart-cards.
  • Precise Biometrics appointed GD Burti as exclusive distributor of their fingerprint & smartcard readers in Brazil.
  • Precise Biometrics™ and NXP Semiconductors entered Partnership. This enables NXP to provide Precise Biometrics’ industry-leading on-card fingerprint comparison technology on the chips used on smart identification cards.

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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