STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Fingerprint Cards (STO:FINGB):
Fingerprint Cards AB's (FPC) Chinese distributor Hardware & Software Technologies Co. Ltd (HST), has placed an additional order valued at more than SEK 20 M to expand its market segment Personal identification via internet banking. The order pertains to FPC's area sensor FPC1011F and deliveries will take place during 2011 and into 2012.
The sensors, which are to be integrated into identification units, will be delivered to one of China’s largest banks. The bank expands its market into an additional region by supplying units to customers using the bank services via internet as well as to the bank’s employees. The decision to launch biometric units in one additional region creates a large market opportunity since only a few regions have started to implement biometric units for their customers.
Johan Carlström, CEO of FPC comments: “It is with great satisfaction we see that another Chinese region will implement biometric solutions all the way out to the end customers, which opens great opportunities to reach more regions over the coming years. FPC has jointly with HST since several years invested in strong relations with the leading suppliers within the Chinese banking sector, which is confirmed by today's order. We are currently seeing a strong demand for our solutions from the Chinese banking industry that we expect will continue to grow over the coming years”
About Fingerprint Cards AB (FPC)
Fingerprint Cards AB (FPC) develops produces and markets biometric technology, which, through analysis and matching of an individual’s unique fingerprint, verifies the person’s identity. The technology consists of biometric sensors, processors, algorithms and modules that can be used separately or combined. The competitive advantages offered by FPC’s technology include unique image quality, extreme robustness, low power consumption and complete biometric systems. With these advantages and the ability to achieve extremely low manufacturing costs, the technology can be implemented in volume products, such as smart cards and mobile telephones, which impose extremely rigorous demands on these characteristics. FPC’s technology can also be used in such areas as IT, Internet security and access control.
Fingerprint Cards AB is listed on Nasdaq OMX Stockholm (FING B) with office in Gothenburg, Sweden.
Fingerprint Cards AB (publ) discloses this information pursuant to the Securities Market Act (2007:528) and the Financial Instruments Trading Act (1991:980). The information was issued for publication on September 28, 2011, at 8.00 a.m.
Important information
Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the constituent information in accordance with the rules and regulations prevailing in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Fingerprint Cards securities in any jurisdiction.
This information was brought to you by Cision http://www.cisionwire.com