The partner company, which is currently selling in excess of 100 million units annually to, among others, a majority of the world’s Tier 1 mobile phone players, prefers to remain anonymous at this time for competitive reasons. The partner will integrate the FPC swipe sensor silicon into its Biometric modules, which will be supplied to existing and new customers, targeting an initial volume of 20 – 40 million units 2012-2014.
In this cooperation, FPC’s leading swipe silicon technology will be combined with the partner’s leading experience in packaging of modules and its well-established sales and supply channels to top mobile phone manufacturers. In addition to finger sensor technologies, FPC will provide navigation capabilities and attractive Android applications for security and convenience features.
The Biometric modules will have navigation capabilities while also adding security capabilities as well as such convenience applications as short cuts to various applications depending on which finger is swiped by the user. FPC has initiated sample deliveries of silicon to the partner for its Biometric module sample development, and promotion of the product to key customers has started.
Comments from Johan Carlström, CEO of FPC:
“We are proud and pleased to announce that we have entered into this Joint Development and Production Agreement with a giant in this industry. This company’s strong endorsement of FPC is yet another recognition of our world-leading technology and production capabilities in the swipe sensor area, in addition to our already well-established and leading position in the area sensor market.
“The FPC swipe sensor silicon, which is the world’s smallest and most power-efficient fingerprint sensor developed for mobile applications, uses FPC’s patented scanning technology and delivers world-leading 3D image quality, with 508 dpi resolution. In addition to the intelligent image management, the sensor features integrated hardware support for navigation, thus enabling its use for the control of user interfaces. These elements make FPC’s robust swipe sensor solution the optimum choice for mobile phones and other types of mobile high-volume products such as tablets, remote controls and USB keys.”
Comments from Thomas Rex, SVP Sales & Marketing of FPC: “We are convinced that we have found an excellent partner that will help us capture a large share of the market for our swipe sensor silicon and technologies. The combined sales and marketing capabilities of FPC and its partner will effectively address global demand from a wide range of leading mobile phone and tablet players.”
About Fingerprint Cards AB (publ) (FPC)
Fingerprint Cards AB (fingerprints.com) 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 (FPC) is listed on Nasdaq OMX Stockholm (FING B) and has its head office in Gothenburg.
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 March 27, 2012, at 8:00 am.