Precise Biometrics: Precise Biometrics' Fingerprint Algorithm Chosen by Fingerprint Cards

  Precise Biometrics: Precise Biometrics' Fingerprint Algorithm Chosen by
  Fingerprint Cards

Business Wire

STOCKHOLM -- August 20, 2013

Regulatory News:

Precise Biometrics AB(http://www.precisebiometrics.com/) (STO:PREC) and
Fingerprint Cards AB(http://www.fingerprints.com/) (FPC) have entered into an
agreement where FPC will license Precise Biometrics’ fingerprint algorithm to
further enhance the performance of FPC world leading capacitive sensors. FPC
will bundle the algorithm into existing sensor products, primarily targeting
mobile phones and tablets. The bundle will further enhance the performance of
FPC sensors in terms of accuracy and speed which are important criteria
especially in the fast growing mobile and tablet markets.

The integration of Precise Biometrics’ algorithm to FPC products is
successfully completed and FPC will start offering the bundled product to its
partners and OEM customers in Q3 2013.

Johan Carlström, CEO of FPC said, “FPC selected Precise Biometrics as
algorithm partner due to impressive performance of their algorithm in
combination with our sensors. We strive to offer the best user experience
possible for embedded sensors in mobile phones and tablets. Driven by the
largest mobile manufacturers in the world, several hundred million users are,
in the next two years, expected to purchase smartphones and tablets with
built-in fingerprint sensors. It is of paramount importance to ensure these
users a smooth, convenient, and secure user experience, thus the selection of
Precise Biometrics as partner in algorithms.”

“We are very pleased to work closely with Fingerprint Cards,” said Thomas
Marschall, CEO of Precise Biometrics. “Our evaluation shows that Fingerprint
Card’s sensors have outstanding performance, including image quality, power
consumption and footprint. Their position as market leader in the mobile phone
and tablet space and their many design wins are also impressive. Forecasts by
leading analysts of +1.5 billion smartphones being sold already in 2015, as
well as clear signs that major players currently are working to include
fingerprint sensors in their upcoming products, boosts our positive view on
the market in the coming years. We also expect that widespread deployment of
fingerprint sensors will positively impact our opportunities within the
Match-on-Card business.”

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 August 20, 2013.

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.

Forfurther information go towww.precisebiometrics.com

This information was brought to you by Cision http://news.cision.com

Contact:

Precise Biometrics AB
Thomas Marschall, President and CEO,
Tel. 46 46 31 11 10 or 46 734 35 11 10
E-mail thomas.marschall@precisebiometrics.com
or
Patrik Norberg, CFO
Tel. 46 46 31 11 47 or 46 734 35 11 47
E-mail patrik.norberg@precisebiometrics.com
 
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