The purchase of a patent portfolio consisting of more than 100 granted patents covering markets such as the US, Europe and Asia include patents that are considered as essential for wireless communication.
Jӧrgen Lantto, Executive Vice President, CTO and Head of Strategy and Product Management at FPC, comments: “This purchase is part of FPC’s aggressive efforts in becoming the leading supplier of fingerprint sensors for the mobile industry. Our existing and growing IPR portfolio combined with the patent portfolio that we have purchased ensures that our IPR position equals our world-leading fingerprint sensor technology and market position”.
About Fingerprint Cards AB (publ) (FPC)
Fingerprint Cards AB (fingerprints.com) develops, produces and markets biometric components 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 the 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 September 30, 2013, at 08.00 am. (CET).
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.