Precise Biometrics Rises on Apple Certification: Stockholm Mover
Precise Biometrics AB (PREC), a fingerprint log-in and smart-card security provider, rose the most in more than a year after its Tactivo product was certified by Apple Inc. (AAPL), a signal the company may broaden use of its technology.
The shares climbed as much as 41 percent, the biggest intraday jump since April 1, 2011. Precise Biometrics was up 36 percent at 1.43 kronor as of 10:31 a.m., for the biggest gain among stocks in the OMX Stockholm All-Share index.
Precise Biometrics expects to receive the first orders for Tactivo, a casing for tablets and smartphones that includes an embedded fingerprint and smart-card reader, this summer, the Lund, Sweden-based company said today in a statement. Tactivo enables “a high level of security” for accessing private information on mobile units.
“We are expecting substantial sales of both Tactivo for iPhone and Tactivo for iPad in 2012,” Chief Executive Officer Thomas Marschall said in the statement. Tactivo is already adapted for Apple’s iPhone 4 and iPhone 4S devices, and an iPad version will start selling later in the year, Precise Biometrics said.
The company is seeking to identify opportunities for its core technology outside the traditional customer base. “There is substantial interest from government agencies, enterprises and healthcare customers worldwide to use iPhone and iPad devices to access and share data more securely,” it said.
“Early indications from customers, even outside government agencies, suggests that we are on the right track and may have found a significant new growth opportunity,” CEO Marschall said.
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