FPC Submits Updated Guidance for 2013 and Preliminary Guidance for 2014

   FPC Submits Updated Guidance for 2013 and Preliminary Guidance for 2014

  PR Newswire

  GOTHENBURG, Sweden and NEW YORK, September 23, 2013

GOTHENBURG, Sweden and NEW YORK, September 23, 2013 /PRNewswire/ --



Fingerprint Cards (FPC) today presents updated guidance for 2013, a
preliminary forecast for 2014 and an updated market outlook for 2014 and 2015.

Due to the ongoing interest in the company following Apple's launch of Touch
ID last week and ahead of imminent meetings with investors and analysts, the
Board of Directors of FPC has decided to provide new and updated guidance.

  *FPC expects that sales in the third quarter of 2013 will be in the range
    of SEK 27-33 M. FPC had previously provided guidance for sales in the
    range of SEK 20-30 M.
  *FPC continues to expect that sales in the fourth quarter of 2013 should be
    in the range of SEK 30-50 M.
  *Based on current market conditions, FPC currently anticipates that sales
    for 2014 will exceed SEK 500 M, assuming significant growth in the second
    half of 2014 relative to the first half of the year.
  *FPC estimates that the company will be able to report profitability as of
    the third quarter of 2014 with EBITDA margins rising quarter by quarter,
    exceeding 20% for the full year and approaching 30% for the fourth quarter
    of 2014.
  *FPC expects that all Tier 1 smartphone OEMs will have a capacitive
    fingerprint sensor in their flagship models by the end of 2014.
  *FPC estimates that the market for integrated sensors in consumer
    electronics will be in excess of 500 million units in 2014.
  *FPC estimates that the market for integrated sensors in consumer
    electronics will be in excess of 3 billion units in 2015.
  *FPC targets a 60% market share for touch sensors in smartphones in 2014-15
    (excluding Apple)
  *The FPC 1020, FPC's new touch sensor which is optimized for smartphones
    and tablets, is scheduled for launch during the first quarter of 2014.
  *The above assessments are due to the industry's rapid advances and are
    subject toconsiderable uncertainty.

About Fingerprint Cards AB (publ)

Fingerprint Cards AB (FPC) markets, develops and produces biometric components
and technologies that through the analysis and matching of an individual's
unique fingerprint verify the person's identity. The technology consists of
biometric sensors, processors, algorithms and modules that can be used
separately or in combination with each other. The competitive advantages
offered by the 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 phones, where extremely rigorous demands are placed on such
characteristics. The company's technology can also be used in IT and Internet
security, access control, etc.

Fingerprint Cards AB (publ) discloses this information pursuant to the Swedish
Securities Market Act (2007:528) and the Swedish Financial Instruments Trading
Act (1991:980). The information was issued for publication on September 23,
2013 at 8:00 a.m. CET.

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 of the company's securities in any
jurisdiction.

For further information, contact: Johan Carlström, CEO Fingerprint Cards AB
(publ), +46(0)31-60-78-20, investrel@fingerprints.com
 
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