FPC will, under the new Agreement, develop the new asic, that will address and target completely virgin segments and markets for FPC. CrucialTec will integrate the new FPC asic into Crucialtec's new modules, which will be targeted to various customer products like mobile device, digital cameras and remote controller as well and targeting on potential market size that may have several tens of millions units starting early 2013.
This new cooperation is an extension of the already successful cooperation between the two companies. In May 2012, the companies announced a cooperation around Biometric Track Pads (BTP), where FPC’s leading swipe silicon technology has been combined with CrucialTec’s leading experience in development, production and sales of Track Pads to Tier 1 mobile phone manufacturers.
Comments from Charles Ahn, CEO of CrucialTec
“We are glad to expand the collaboration with FPC again in this new product category. Since our initial collaboration in Biometric Track Pad solution has begun, two companies have seen, in our partnership, pleasing our customers with valuable product. With this new engagement, both companies will be able to expand feasible market size to a great extent and bring another big milestone in our business history.”
Comments from Johan Carlström, CEO of FPC:
“We are proud and pleased to announce that we have entered into this second Joint Development and Production Agreement with CrucialTec. This shows that our cooperation regarding the already announced Biometric Track Pad has been very fruitful and is yet another recognition of FPC’s world-leading asic and biometric technology. We are very pleased with the cooperation with CrucialTec and are extremely impressed with how fast they can bring our silicon into customized products for Tier 1 mobile phone manufacturers.”
About CrucialTec (publ)
Crucialtec is total input solution provider who provides Mobile Track Pad(MTP), module packaging and one layer TSP solution with controlling IC(Matrix Switching TSP). The company has launched the world first MTP called Optical Trackpad in year 2006 and has supplied it to world leading mobile makers, with accumulated number of 200 million devices. Today the company holds market share of 95% supplying products to Korea based global customers, and leading mobile makers worldwide such as RIM, Motorola, Sony, HTC, Sharp and many other mobile phone makers.
By introducing BTP recently, Crucialtec adds more variety in the product line-up of MTP category.
In non Trackpad line-up, the company holds world’s only flash module solution for mobile camera module which enhances light efficiency to provide better picture quality. In year 2011, Crucialtec has reshaped the business model to include touch panel business after introduction of Matrix Switching Touch Screen Panel(MS-TSP) & controlling IC which is known to provide competitiveness in production cost, manufacturing process as well as leading edge technology which is unique from any other existing TSP solutions
About Fingerprint Cards AB (publ)
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 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 June 25, 2012, at 8:00 am.
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.