The design house is providing its solution to multiple Chinese brands and manufacturers and ramp-up is expected in mid-2013. The Design house sold some 30 million mobiles in 2011 and FPC sees a very large potential in the near future. The hardware porting is in place and software porting on MediaTek’s Dual Core 3G/HSPA Android platform, MTK6577, is ongoing. Due to the prevailing competitive situation, the mobile phone design house wants to remain anonymous until further notice.
Johan Carlström, President and Chief Executive Officer of FPC, comments:
“China is the world’s largest market for smartphones, with forecasted sales volume of 430M in 2013. Chinese brands already account for a market share of more than 50%. This porting on the popular MediaTek Android Smartphone platform facilitates additional design wins on the same platform in China. We opened our sales and support office in Greater China in September 2012 and we are delighted to already announce this first major DW and success in the extremely important Chinese market. Due to our world-leading capacitive fingerprint technology, image quality and power consumption, FPC now is established as the leading alternative for fingerprint sensors in smart phones and tablets. We expect a number of additional design wins in the booming China market during the months ahead.”
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 (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 December 13, 2012, at 8:00 am.
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